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Jiangxi Black Cat Carbon Black Co., Ltd. Class A

Jiangxi Black Cat Carbon Black Co., Ltd. Class A

SSZSE:002068
7.90
CNY
+0.18
(+2.33%)
-0.65EPS
6.46BMarket Cap
Oct 29Next Earn
Jiangxi Black Cat Carbon Black Co., Ltd. Class A
SZSE:002068
(Shenzhen Stock Exchange)

Recent

price

7.90

P/E

ratio

- -

div

yld

1.79%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
5.6
7.45
8.75
10.49
12.77
9.22
7.45
10.57
10.86
9
7.65
10.85
13.45
12.87
13.79
11.93
11.62
Revenue per Share
0.1
0.24
0.19
0.05
0.2
0.03
0.16
0.73
0.55
-0.38
0.13
0.59
0.01
-0.33
0.03
-0.64
-0.63
Basic EPS, GAAP
-0.26
-0.86
-0.87
-2.35
1.91
-0.82
0.67
0.03
1.08
0.5
-0.27
0.02
-0.34
0.11
-0.77
-0.3
- -
Free Cash Flow per Basic Share
0.13
0.16
0.24
0.38
0.44
0.33
0.23
0.22
0.44
0.42
0.11
0.36
0.13
0.13
0.13
0.13
0.14
Dividend per Share
1.45
2.28
2.47
2.42
2.6
3.24
3.36
4.37
4.63
3.96
4.02
4.35
4.38
4.07
4.05
3.3
3.17
Book Value per Share
1.29
2.02
2.22
2.13
2.3
2.95
2.97
4.06
4.29
3.63
3.72
4.04
4.08
3.57
3.45
2.71
2.58
Tangible Book Value per Share
540
530
532
571
483
521
588
657
727
727
727
731
736
734
735
728
728
Basic Weighted Avg Shares
3,023
3,945
4,655
5,987
6,168
4,800
4,381
6,947
7,893
6,544
5,560
7,930
9,893
9,451
10,132
8,685
8,462
Sales/Revenue/Turnover
4.79
6.82
5.77
4.15
5.97
4.64
6.08
10.58
7.83
-1.68
4.99
8.72
1.4
-0.83
1.76
-2.86
-3.05
Operating Margin (%)
89
119
157
197
239
262
270
281
302
312
335
347
336
344
355
340
- -
Depreciation Expense
54
129
103
26
97
16
94
481
401
-276
97
431
9
-243
25
-463
-462
Net Income, GAAP
12.05
23.53
22.51
58.3
19.97
61.29
20.28
12.62
14.52
- -
17.64
9.17
78.92
- -
52.59
- -
- -
Effective Tax Rate (%)
1.77
3.27
2.22
0.43
1.57
0.33
2.15
6.92
5.08
-4.22
1.74
5.44
0.09
-2.57
0.25
-5.33
-5.46
Profit Margin (%)
-566
-258
-817
-975
-1,266
-862
-938
268
165
-489
125
310
551
308
336
-1,239
-663
Working Capital
218
434
356
681
604
292
70
308
- -
- -
413
318
617
907
1,185
323
997
LT Debt
694
1,338
1,427
1,397
1,499
2,095
2,192
3,344
3,533
2,985
3,083
3,398
3,434
3,170
3,112
2,565
2,465
Total Equity
2.69
5.11
2.8
0.18
1.66
0.11
1.41
9.41
7.33
- -
1.89
9.55
0.2
- -
0.35
- -
- -
Return on Invested Capital (%)
6.83
8.35
6.59
2.55
5.36
1.5
3.71
10.65
8.59
- -
3.49
9.27
0.46
- -
1.24
- -
- -
Return on Capital (%)
8.66
13.92
8.18
1.98
7.24
0.93
4.7
18.45
12.27
-8.86
3.31
13.81
0.27
-7.71
0.84
-17.15
-17.4
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Jun'25
Dec'25
Mar'26
ST Debt
2,553
3,068
2,858
LT Borrowings
989
306
980
LT Finance Leases
17
17
17
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
735
735
735
Market Capitalization
7,508
6,486
6,456

Working Capital

CNY

•

in mil. unless spec.
Jun'25
Dec'25
Mar'26
Total Current Assets
4,007
3,589
4,098
Cash, Cash Equivalents & STI
380
261
534
Accounts Receivable, Net
1,622
1,557
1,442
Inventories
1,054
927
1,135
Total Current Liabilities
4,038
4,828
4,761
Payables & Accruals
- -
- -
- -
ST Debt
2,553
3,068
2,858
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.48%
-3.17%
-17.59%
Free Cash Flow
12.87%
-561.99%
-60.88%
Net Income, GAAP
-402.1%
-922.77%
-1,943.43%
Sales/Revenue/Turnover
8.72%
11.17%
-14.28%
Total Cash Common Dividend
18.84%
31.92%
-5.4%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,385
2,528
2,386
2,832
10,132
2025
2,180
2,116
- -
2,268
8,685
2026
1,898
- -
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
-0.08
- -
0.11
0.03
2025
-0.05
-0.11
- -
-0.35
-0.64
2026
-0.13
- -
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.04
0.02
0.05
0.13
2025
0.03
0.03
- -
0.04
0.13
2026
0.04
- -
- -
- -
- -
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Business
Jiangxi Black Cat Carbon Black Inc., Ltd. (002068.SZ) manufactures and sells carbon black, a key industrial raw material used in tires, rubber products, plastics, inks, paints, batteries, and cables. The company produces various grades of carbon black, including N100-N800 series for rubber reinforcement; specialty carbon blacks such as high-color blacks for inks and coatings, conductive blacks for batteries and antistatic applications, and wear-resistant blacks for tire treads; as well as customized products under brands like BC series for international markets. It operates production facilities in Jiangxi, Guizhou, and Sichuan provinces in China, serving tire manufacturers, rubber compounders, plastics processors, and coating producers primarily in Asia, with exports to Europe, North America, and Southeast Asia; headquarters are located in Pingxiang, Jiangxi province, where the company was founded in 1995. In recent developments, the company expanded capacity through the commissioning of a 150,000-ton wet-process carbon black project in Guizhou Copperbelt in 2024, enhancing its supply for high-performance tire applications. It formed strategic partnerships with leading tire makers like Linglong Tire and Sailun Tire for sustainable carbon black supply chains, including collaborations on low-carbon production technologies. Additionally, Jiangxi Black Cat secured a RMB 1.2 billion financing round in late 2024 for R&D in eco-friendly carbon black variants and completed the acquisition of a specialty carbon black facility in Sichuan to bolster its high-value product segment.