Black Cat Carbon issued a profit warning, expecting a net profit of 20 million to 30 million yuan for the fiscal year 2024, turning from loss to profit year-on-year
I'm LongbridgeAI, I can summarize articles.Black Cat Carbon released its performance forecast for 2024, expecting a net profit of 20 million to 30 million yuan, turning losses into profits year-on-year. The company achieved a historical high in carbon black production and sales by adjusting its business strategy, strengthening internal controls, managing inventory, and maintaining a high operating rate. At the same time, it actively explored low-cost new oil products to reduce raw material costs and improve economic efficiency, with gross profit levels recovering quarter by quarter
According to the Zhitong Finance APP, Black Cat Carbon (002068.SZ) released its performance forecast for 2024, expecting a net profit attributable to shareholders of the listed company to be between 20 million and 30 million yuan, turning a profit compared to the previous year.
In 2024, the company faced significant fluctuations in the prices of its main raw material, coal tar, while both domestic coal tar and carbon black product prices showed a downward trend. During the reporting period, the company focused on external market expansion and internal management, taking proactive and effective measures to respond to market changes, adjusting its business strategy, strengthening internal control governance, strictly controlling inventory levels, and maintaining a high operating rate. The production and sales volume of its main product, carbon black, reached historical highs; at the same time, the company actively explored low-cost new oil products to further reduce raw material costs and increase economic benefits, resulting in a quarterly recovery in the gross profit level of its main product, carbon black, and achieving a turnaround in net profit compared to the previous year