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    Home > Coatings News > Paints and Coatings Market > Carbon black listed companies did not increase profits in the first three quarters

    Carbon black listed companies did not increase profits in the first three quarters

    • Last Update: 2022-11-11
    • Source: Internet
    • Author: User
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    Global Coatings Network News: As of October 31, listed companies with carbon black as their main business have disclosed their third quarterly reports
    for 2022.
    Overall, in the first three quarters, carbon black listed companies increased revenue without increasing profits due to factors such as rising raw material prices
    .


    According to statistics from Oriental Wealth Network, there are 5 listed companies with carbon black as their main business, including Black Cat Shares, Yongdong Shares, Longxing Chemical, Lianke Technology, and Jinneng Technology
    .
    From the performance point of view, the revenue of these five companies in the first three quarters increased year-on-year
    .
    Among them, Black Cat shares increased by 25.
    6% year-on-year, Longxing Chemical increased by 36.
    6% year-on-year, Yongdong shares increased by 18.
    5% year-on-year, Lianke Technology increased by 26.
    2% year-on-year, and Jinneng Technology increased by 78.
    1%
    year-on-year.


    But the net profit of these five companies in the first three quarters fell year-on-year
    .
    The biggest decline was in Black Cat shares, down 92.
    1%
    year-on-year.
    Especially in the third quarter, the net profit of Black Cat shares was -30.
    9378 million yuan, a year-on-year decrease of 410.
    36%.

    It was followed by Yongdong shares, down 80%
    year-on-year.
    The third is Jinneng Technology, down 77%
    year-on-year.
    The net profit of Longxing Chemical and Lianke Technology also fell by more than
    25%.


    From the perspective of gross profit margin, Jinneng Technology had the largest decline, reaching 14.
    5%; Longxing Chemical had the smallest decrease, at 7.
    2%; The gross profit margins of the remaining companies all decreased by more than 8%.


    For the reasons for the increase in revenue but not profit, many companies mentioned in the third quarterly report that the main reason is that the raw material coal tar market remained high during the reporting period, resulting in a sharp increase in production costs; In addition, the downstream demand is weak due to factors such as the epidemic, even if the sales price of carbon black is raised accordingly, it is still difficult to cover the
    cost increase.

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