On August 8, Black Cat Carbon Black Co., Ltd. released its semi-annual report for 2018. Its business income and net profit of equity ownership increased by 26.99% and 42.18% respectively.
The report shows that in the first half of the year, the total output of carbon black was 482,600 tons, the sales volume of products was 483,300 tons, and the production and sales rate reached 100.15%. The domestic and foreign sales of carbon black products accounted for 73.84% and 26.16% respectively, but the gross interest rate of carbon black products decreased by 1.77% compared with the same period last year.
A spokesman for the company said that in the first half of the year, the elimination of backward production capacity in the domestic chemical industry continued to advance, a large number of small and medium-sized enterprises were eliminated due to small production scale, unstable quality, low yield and other problems, and the market was further concentrated in large carbon black enterprises. During the reporting period, the price of their products rose compared with the same period last year, and the profit level was improved.
Industry insiders said that in recent years, the sharp fluctuation of raw material prices has posed a severe test to the capital turnover and cost control of carbon black enterprises. Many small and medium-sized enterprises in China have stopped production because of the breakdown of the capital chain. Large carbon black enterprises represented by black cat seize the opportunity of development, further expand their production capacity and have more prominent scale advantages.
The spokesman added that the Black Cat Co., Ltd. combines carbon black production, waste gas utilization and tar refining in the production organically. It has the advantages of comprehensive utilization of resources and circular economy that other single carbon black production enterprises can not match. At the same time, Black Cat is the first carbon black production enterprise in China to complete the national industrial layout. It has established eight Shengsheng enterprises in Jingdezhen of Jiangxi, Chaoyang of Liaoning and Hancheng of Shaanxi Province. The production base has a total capacity of 1.1 million tons.
In addition, through the new 20,000 tons/year special carbon black project of Inner Mongolia Coal Coke Chemical New Materials Research Institute Co., Ltd., it effectively enriches the company’s existing product sequence, reduces the company’s dependence on a single industry, reduces the impact of its performance fluctuation with the downstream tire industry cycle, and further improves its comprehensive competitiveness.