Jiangxi Black Cat Carbon Black Co., Ltd. (stock code: 002068), founded in 2001, is a leading carbon black producer in China. The company mainly engages in the production and sales of carbon black and its by-products, which are widely used in the fields of tires, rubber products, plastics, ink, etc. As an important player in the industry, Black Cat Carbon Black has always been committed to technological innovation and market expansion, constantly improving its competitiveness.

From the balance sheet data, as of the end of the first quarter of 2024, the total assets of Black Cat Carbon Black amounted to 8.566 billion yuan, an increase of 7.87% compared to the end of the previous year. Among them, the total liabilities amounted to 5.392 billion yuan, an increase of 13.03% from the beginning of the period, resulting in an increase in the asset-liability ratio from 60.08% to 62.95%. Although liabilities have increased, the equity attributable to shareholders of the listed company has also increased slightly from 3.02 billion yuan to 3.024 billion yuan, an increase of 0.16%. This indicates that the company has maintained a relatively sound financial structure while expanding its business scale.

In terms of profit data, Black Cat Carbon Black has performed well. In the first quarter of 2024, the company achieved operating income of 2.385 billion yuan, a year-on-year increase of 8.10%. Net income attributable to shareholders of the listed company was 37.5 million yuan, while it was -104 million yuan in the same period last year, achieving a significant increase of 103.61%. Net income after deducting non-recurring gains and losses was -25 million yuan, a significant improvement from -106 million yuan in the same period last year. The gross margin increased from 0.7% in the same period last year to 4.85%, and the net margin increased from -4.99% to 0.12%. These data indicate that the company has made significant progress in improving its profitability.

Cash flow data is also impressive. In the first quarter of 2024, Black Cat Carbon Black's net cash flow generated from operating activities was 7.598 million yuan, compared to -462 million yuan in the same period last year, an increase of 116.43%. Cash inflow from operating activities subtotal was 1.843 billion yuan, a year-on-year increase of 15.87%, and cash outflow subtotal was 1.767 billion yuan, a year-on-year decrease of 13.91%. This indicates that the company has not only grown in revenue, but also achieved significant results in cost control and cash flow management.

In summary, Black Cat Carbon Black's first quarter 2024 financial report shows the company's steady growth and financial health in all aspects. The significant increase in revenue and net income, improvement in gross margin and net margin, and the significant increase in operating cash flow all indicate that the company has strong profitability and financial management capabilities in the market competition. In the future, Black Cat Carbon Black is expected to continue this good momentum and further enhance its market share and enterprise value.