Longxing Chemicals' net surges 41% in Q3'

Longing Chemicals released its third quarter of performance report on October 23.

Statistics showed that the company realized 834 million yuan of sales revenue, year-on-year rising by 15.91%, and 34,790,000 yuan of net profit belonging to shareholders, yearly up 40.75%. Its net profit was 34,410,000 yuan after deduction of non-recurring profit and loss, yearly surging 53.82%.

By the end of third quarter of 2018, the company's total asset has reached 2.935 billion yuan, and its net asset attributable to equity holders has been posted 1.23 billion yuan.

The company said that effected by international oil price and environment protection, raw material price surged compared to the same period of 2017，so the company also increased its carbon black price steadily, which helped the company show large growth in the past nine months.