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Longxing Chemical' net plunged 86.14%

On August 21, carbon black manufacture Longxing Chemicals released its half year report of 2019.

The report showed that Longxing Chemical posted 1.411 billion yuan of sales revenue in the first six months of 2019, year-on-year decreasing 3.64%, and it net profit yearly plunged 86.14% to 8,762,600 yuan. 

At the same time, Longxing Chemical accumulated produced 213,800 tons of carbon black and sold 220,100 tons, but production price yearly cut 10.54% down, while production cost down by 2.44%.

The company said it would pay more attention on environment protection to adapting market and policy change.