Black Cat's net predicts growing 400%

Recently, Jiangxi Black Cat Carbon Black Co.,Ltd released its third quarter  annual report.

The report said that the company realized 1.649 billion yuan of revenue in the third quarter, year-on-year rising by 46.52%, and 104 million yuan of net profit belonging to shareholders, yearly up 95.56%.

Black Cat expected an annual net profit of between 480 million yuan and 520 million yuan for 2017, up 410 percent to 452 percent from a year earlier, based on the assumptions of a stable demand for carbon black, higher product price and increasing gross profit margin.