On Feb.28, Jiangxi Black Cat Carbon Black Co.,Ltd. released its 2017 annual report summary.
The company said that it realized 6.947 billion yuan of revenue in 2017, year-on-year rising by 58.58%.
To be noticed, its revenue profit reached 567 million yuan, yearly surging 534.2%, and net profit roared 410.74% to 481 million yuan.
The same with Longxing Chemical, the company said benefiting from China's supply reform and green protection, most of outdated production was eliminated in China, which helped carbon black price rising.