Summary of Key Points Core Viewpoint - The company has approved a guarantee for its subsidiaries, with a total amount not exceeding 166,820.00 million RMB, to support their financing needs [2]. Group 1: Guarantee Overview - The company has agreed to provide guarantees for its subsidiaries, with a maximum guarantee amount of 166,820.00 million RMB, approved during the board meeting and the annual shareholders' meeting [2]. - The guarantees will be in the form of joint liability guarantees [2]. Group 2: Recent Guarantee Developments - A guarantee contract has been signed with Hefei Technology Rural Commercial Bank for Anhui Heimao New Materials Co., Ltd., with a maximum principal amount of 18.00 million RMB [2]. - Another guarantee contract has been signed with Shengjing Bank for Chaoyang Heimao Wuxingqitan Black Limited Liability Company, with a maximum principal amount of 80.00 million RMB [3]. Group 3: Financial Position and Risk - As of the announcement date, the total amount of guarantees provided by the company and its subsidiaries is 104,942.00 million RMB, accounting for 33.72% of the company's latest audited net assets [6]. - The total amount of guarantees provided to entities within the consolidated financial statements is 55,720.00 million RMB, representing 17.90% of the company's latest audited net assets [6]. - There are currently no overdue guarantees or guarantees involved in litigation [6].

证券代码：002068 证券简称：黑猫股份 公告编号：2025-027 本公司及董事会保证信息披露内容的真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 一、担保情况概述 召开的 2024 年度股东大会审议通过了《关于公司 2025 年为子公司提供担保的议 案》，同意公司为下属公司及下属公司间互相提供担保额度预计不超过等额 容详见公司刊登在《证券日报》《中国证券报》《证券时报》和巨潮资讯网上的 《第八届董事会第三次会议决议公告》（公告编号：2025-011）、《关于公司 2025 年度为子公司提供担保的公告》（公告编号 2025-013）、《2024 年度股东大会 决议公告》（公告编号：2025-025）。现就相关进展情况公告如下： 二、担保进展情况 限公司（以下简称"安徽黑猫"）的授信融资事项签署了《最高额保证合同》，为 子公司安徽黑猫在合肥科技农村商业银行新站支行融资提供担保，担保最高债权 本金 1,800.00 万元人民币，担保方式为连带责任保证担保，保证期间为债务履行 期限届满之日起一年，具体条款以各方签署合同为准。 岐炭黑有限责任公司（以下简称"朝阳黑猫"）的授信融资事项签署了《最高额保 证 ...

证券日报网讯7月29日晚间，黑猫股份（002068）发布公告称，公司及控股子公司对合并报表外单位提 供担保总余额为0元。公司目前无逾期担保、涉及诉讼的担保及因担保被判决败诉而应承担损失的情 况。 ...

一、担保情况概述 2025 年 4 月 23 日公司召开的第八届董事会第三次会议、2025 年 5 月 19 日 召开的 2024 年度股东大会审议通过了《关于公司 2025 年为子公司提供担保的议 案》，同意公司为下属公司及下属公司间互相提供担保额度预计不超过等额 166,820.00 万元人民币，担保方式为连带责任保证担保。有关上述事项的具体内 容详见公司刊登在《证券日报》《中国证券报》《证券时报》和巨潮资讯网上的 《第八届董事会第三次会议决议公告》（公告编号：2025-011）、《关于公司 2025 年度为子公司提供担保的公告》（公告编号 2025-013）、《2024 年度股东大会 决议公告》（公告编号：2025-025）。现就相关进展情况公告如下： 二、担保进展情况 1、公司近期就合肥科技农村商业银行新站支行与子公司安徽黑猫新材料有 限公司（以下简称"安徽黑猫"）的授信融资事项签署了《最高额保证合同》，为 子公司安徽黑猫在合肥科技农村商业银行新站支行融资提供担保，担保最高债权 本金 1,800.00 万元人民币，担保方式为连带责任保证担保，保证期间为债务履行 期限届满之日起一年，具体条款以各方签署合 ...

黑猫股份（002068）公告，2025年1月1日至2025年6月30日，预计归属于上市公司股东的净利润亏损 9500万元至1.2亿元，上年同期为亏损5448.36万元；扣除非经常性损益后的净利润亏损1.1亿元至1.35亿 元，上年同期为亏损7095.58万元；基本每股收益亏损0.1292元/股至0.1632元/股，上年同期为亏损0.074 元/股。业绩变动主要由于主营产品炭黑受原材料价格波动、供需失衡及下游需求疲软等因素影响，导 致毛利率同比下降。公司将采取优化产品结构、加强成本控制、拓展市场渠道等措施改善经营状况。 ...

[Jiangxi Black Cat Carbon Black Inc. Co., Ltd. 2025 Semi-Annual Performance Forecast](index=1&type=section&id=Jiangxi%20Black%20Cat%20Carbon%20Black%20Inc.%20Co.%2C%20Ltd.%202025%20Semi-Annual%20Performance%20Forecast) [Current Period Performance Forecast](index=1&type=section&id=Item%20I.%20Current%20Period%20Performance%20Forecast) The company anticipates a significant increase in net loss for the first half of 2025, with net profit attributable to shareholders projected to be a loss of RMB 95 million to RMB 120 million, compared to a loss of RMB 54.4836 million in the prior year period Key Financial Performance Indicators | Item | Current Period Forecast | Prior Year Period | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders of the Listed Company** | Loss RMB 95.00 million to RMB 120.00 million | Loss RMB 54.4836 million | | **Net Profit After Deducting Non-Recurring Gains and Losses** | Loss RMB 110.00 million to RMB 135.00 million | Loss RMB 70.9558 million | | **Basic Earnings Per Share** | Loss RMB 0.1292/share to RMB 0.1632/share | Loss RMB 0.0740/share | [Pre-Audit Status of Performance Forecast](index=1&type=section&id=Item%20II.%20Pre-Audit%20Status%20of%20Performance%20Forecast) The performance forecast data has not been pre-audited by a certified public accountant, and its accuracy awaits final audit confirmation - The company explicitly states that this performance forecast has not undergone pre-communication or pre-audit by an accounting firm[4](index=4&type=chunk) [Explanation of Performance Change](index=1&type=section&id=Item%20III.%20Explanation%20of%20Performance%20Change) The primary reason for the performance decline is a year-over-year decrease in the gross profit margin of the main product, carbon black, attributed to factors such as raw material price fluctuations, supply-demand imbalance, weak downstream demand, and intensified industry competition, with the company implementing measures to improve operations - The core factors contributing to the performance decline are the decrease in carbon black product gross profit margin, specifically due to: - Raw material price fluctuations - Supply-demand imbalance - Weak downstream demand - Intensified industry competition[5](index=5&type=chunk) - To address these challenges, the company plans to implement measures such as optimizing product structure, strengthening cost control, and expanding market channels[5](index=5&type=chunk) [Other Relevant Information](index=1&type=section&id=Item%20IV.%20Other%20Relevant%20Information) The company advises investors that this forecast is a preliminary estimate by the finance department, with final data subject to the 2025 semi-annual report, and cautions regarding investment risks - This performance forecast represents preliminary estimates, with final financial data to be disclosed in the 2025 semi-annual report, and investors are advised to be aware of investment risks[6](index=6&type=chunk)

Group 1 - The PVDF concept sector experienced a decline of 1.65%, ranking among the top declines in concept sectors, with major declines seen in companies like Sanmei Co., Ltd., Juhua Co., Ltd., and Shenzhen New Star [1][2] - Among the PVDF concept stocks, only two stocks saw price increases, with Jinming Precision Machinery rising by 1.46% and ST Lianchuang by 0.59% [1][2] - The main capital outflow from the PVDF concept sector today was 297 million yuan, with 12 stocks experiencing net outflows, and six stocks seeing outflows exceeding 10 million yuan [2][3] Group 2 - Juhua Co., Ltd. had the highest net capital outflow of 123.45 million yuan, followed by Dongyangguang with 99.37 million yuan and Putailai with 22.80 million yuan [2][3] - The stocks with the highest net capital inflow included Haohua Technology, Jinming Precision Machinery, and Sanmei Co., Ltd., with inflows of 23.99 million yuan, 5.89 million yuan, and 3.76 million yuan respectively [2][3] - The trading volume for Juhua Co., Ltd. was 2.10%, while the trading volume for Jinming Precision Machinery was 4.04% [3]

Investment Rating - The report initiates coverage with a "Buy" rating for the company, indicating a potential stock price increase of 5% to 15% over the next six months [12]. Core Insights - The company is advancing in the production of superconductive carbon black, with products currently being tested across various downstream industries, suggesting a broadening of application directions [1][2]. - Amidst the backdrop of US-China trade tensions, the domestic substitution process for superconductive carbon black is expected to accelerate, as the country remains heavily reliant on imports for specialty carbon blacks [2]. - The competitive landscape is improving, with a forecasted recovery in the carbon black industry due to stable downstream demand and the potential exit of low-end producers, enhancing market concentration [3]. Summary by Sections Company Overview - The company has a production capacity of 30,000 tons per year for superconductive carbon black and has launched 4-6 product variants, with several more in development [2]. Market Dynamics - China is the largest carbon black producer, with an estimated production of 5.608 million tons in 2024, but still faces a high import dependency for specialty carbon blacks [2]. - The carbon black industry in China has a low concentration level, with the top five companies holding only 41% of the market share, indicating significant room for consolidation [3]. Financial Projections - The company is projected to achieve net profits of 205 million, 260 million, and 303 million yuan for the years 2025, 2026, and 2027, respectively, with corresponding price-to-earnings ratios of 43.71X, 34.38X, and 29.54X [3][4]. - Revenue is expected to grow from 10.132 billion yuan in 2024 to 10.955 billion yuan in 2027, reflecting a compound annual growth rate [4]. Stock Performance - The company's stock closed at 12.16 yuan, with a 12-month price range between 5.25 and 12.89 yuan, and a total market capitalization of approximately 8.942 billion yuan [5].

Core Viewpoint - The company has developed various models of superconductive carbon black products that can be used in fast-charging and solid-state battery applications [1] Group 1 - The superconductive carbon black products are currently in the testing phase, with the 6010 product still undergoing sample testing [1]

上海市锦天城律师事务所 关于江西黑猫炭黑股份有限公司 2024 年度股东大会的 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 9/11/12 层 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于江西黑猫炭黑股份有限公司 2024 年度股东大会的 法律意见书 致：江西黑猫炭黑股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受江西黑猫炭黑股份有限公 司（以下简称"公司"）委托，就公司召开 2024 年度股东大会（以下简称"本次股 东大会"）的有关事宜，根据《中华人民共和国公司法》（以下简称《公司法》）、 《上市公司股东会规则》等法律、法规、规章、规范性文件以及《江西黑猫炭黑 股份有限公司章程》（以下简称《公司章程》）的有关规定，出具本法律意见书。 为出具本法律意见书，本所律师对本次股东大会所涉及的相关事项进行了必 要的核查和验证，审查了本所律师认为出具该法律意见书所需审查的相关文件、 资料，并参加了公司本次股东大会现场会议的全过程。 鉴此，本所律师根据上述法律、法规、规章及规范性文件的 ...