January 21, 2025 – Black Cat Corporation Announces Impressive Turnaround in 2024 Earnings Forecast
Black Cat Corporation has recently released its earnings forecast for the year 2024, projecting profits to range between 20 million and 30 million yuan. This marks a remarkable turnaround from the previous year’s loss of 242.9428 million yuan.
Throughout the past year, Black Cat Corporation faced significant fluctuations in the price of its primary raw material, coal tar. Both domestic coal tar and carbon black product prices experienced a downward trend.
According to AsiaMB’s industry insights, during the reporting period, the company adopted a proactive approach to navigate market changes. It focused on external market expansion and internal management enhancements, implementing effective strategies to adjust its business operations, strengthen internal controls, tightly manage inventory levels, and maintain high operational efficiency. As a result, the production and sales volumes of its main product, carbon black, reached historic highs.
Additionally, the company actively explored new low-cost oil sources, further reducing raw material costs and boosting economic efficiency. The gross profit margin of its carbon black products improved quarter by quarter, leading to a profitable year compared to the previous year’s losses.