Q1 2020 Earnings Call

Greetings welcome to Gulf resources, 2021st quarter earnings Conference call.

At this time, all participants will be in listen only mode.

We have question answer session will follow the formal presentation.

If anyone should require operated assistance during the conference. Please press star zero from your telephone keypad.

Please note that this conference is being recorded.

I'll now turn the conference over to Helen Zhu. Please go ahead Helen.

Okay. Thank you know wasted money, maybe thank <unk>.

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John I sometimes.

Welcome.

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HM.

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Section.

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In close ups.

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Well, you quantified and be encouraged by the cautionary statement on the desktop.

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HM.

Watch we approved.

Yeah, I teach them exactly what call me future performance.

The money my estimate as of today.

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So well most of you are able to leap into the Empire.

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Oh, yes, what's more than desktop and to me is that's both Youre a website. So can you walk her deal close to be.

Correct me, which was only up all these people.

Well, we like that to call it one transaction mop.

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Thanks for the year.

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Hi mom.

Well, that's close actions that we did was even Paul.

The monkey.

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Oh, no we can't see real solid progress.

Oh similar trend you got shows how such as you watch him talk [laughter], well Monday through Sunday I supposed to tell what does she cool so you're not going tied to go Oh.

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We want to fall more matching funds. It you can you tell me yes.

Petro trademark.

It's probably one of the big mutual gets out.

That's a few times it's true.

That's our.

A major badgeville I'm too I dish and they'll be cheap if I take it.

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Hi, that's exactly all section Keith.

For most of the possibilities.

Oh, that's why I'm, you can that Judy ammonia that.

That's given what's going to have neutral because he should be approximately.

Hi.

Even thought about cash on cash.

No extra to deal with our new kind of catching me I'll be in India, well I could stops Betsy and you I want to Trump Bobby.

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No well, even gilat, well I'm, taking to the will actually kind of one.

Maybe well watch because it came to profitability in the future. We appreciate the support of Ouch.

I think that's construction on our can affect you get a better.

For the approval olivine from Texas.

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Sure. So I think Alex we apply for girls unpopular.

Yeah, very optimistic about our future.

No. That's the type that caused that today I'm talking to financial results on the major event.

Because of the promotion you should try.

Yes, and the second one gets movie queued up hobby bonds.

Well, I mean, which the company well I'm definitely well close so much time.

I'll take the component.

On November five two by Monkey government Shoebox, you issued by motif Oh, Oh, the problem is that true and she will walk you through high quality stop called option.

HM prison line, that's always tends to them.

Well you Baumann told me that.

They'll put up coping watching out the beach.

I mean, the steep approval they keep on February one because I'm pointing allowing the company today that's good.

Well I mean cause action each with its actually want comprehensive all Michigan.

Academic pretty big Sham control.

We generally tons will probably be a company okay.

Bob.

Mmm approval, we shouldn't that I'm, Oh sure Washington.

Shandong Province pulled up call, Paul Newsome Panico effect.

I'm, telling you I want to downtime.

Complete keep a wonderful five lead most dark meat Oh, if you should outstanding shares.

It wasn't back to she'd been public.

Commencement of treatment I, certainly can be put them.

I'm, sorry, 12, because I'm talking to accommodate a mount it can be said no to sum up block.

But when you love it.

[laughter] that company has weekend bye.

Let me monthly price requirements on the map back lifting to bookings kidney.

I will not backdrop in selected markets I'm much sites with.

Sometimes they call me would see about government approval, allowing the company to get some production Romney affect your number one number four month I'm not going down.

Well move much competes on the call me being shopped production I thought I mean, what she wants a one month.

He become she was what close for the most opposed to across our company.

The conference in their reaches the nature of the need for revenue and operating losses.

The first halted probably 10.

I would be much 'cause it becomes Nate.

Okay, that's when youre approximate to be.

Hi, I'm just.

7000 father from.

Approximately.

Hi, 6000.

In the same quarter of the previous yes.

Well I'm operation was approximately eight point, we didn't build out compared to approximately I suppose and all that into one called the previous yes.

That's not apart.

Approximately three.

No.

Casual approximately right.

Your next in.

The previous yeah.

Net loss per share was purchased why is that concept [laughter] in the same costs all of the period.

It's quite a close on.

The effective too so that's that's not a.

The conference cheap or the that's causing that because I'm quite nice job I notch says it.

With that.

Tom.

A copy of how to catch up approximately $73.6 million touched a share was.

$9 as opposed to carve outs that was coffee.

I'll, just $6 million and the corn that she was approximately 25000 dollar Watson tactile per share was $1.85.

Shareholders' equity was approximately 255 I'm wondering about on book value per share was <unk>.

And on if you said.

HM.

Oh, you can see mountains balance sheet I spend a approach so I recorded approximately outcomes.

Okay, Yes, the caused by the company has made substantial progress we opened its business now with them the pipes out.

Our business sentiment.

Let's see what well I'm I'm crude salt segment.

I can mom [laughter] pumped becomes that comes is actually number one number that hum.

Hi to comment on memorial production.

Oh, yes that should help the operational.

Actually gets one might be.

Oh, you mean.

How much will production I mean, when they need.

I'm pleased to become more commercial production perfection mambo for a number of nine.

Correct. The young pop up these two factors would be slightly lower than the one pop affect your lump of Dom.

Because the one month, where she won't be yes, yes, I'm sure you called me dog <unk> Cat <unk> Oh out that she was on the watched would be something that I didn't see his appointment.

I don't know heap leach pad to acute production like I'm, so the cost up to one point.

Yeah. It's question, there's a local bother much falls out of that should not go through Monday.

Okay.

It's actually probably should we make it was that could stop Steve I'm of course, Alex.

Done pool.

To add some neat building coupons to always feeling approval from the village damage. So that's [noise].

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Yes, I'm just trying to.

I can probably get back listen it's true Pan out.

Oh, yeah opening.

Oh the spectrum, we have come Mickey this is our shareholders.

Over the past yeah, we probably best she was approximately.

Okay night on finding is all that to pure more move out one oh, yes, how that can be moved to not only to be close to that hasn't been achieved our production.

Yes, Hi, ultimately Baton Rouge like type on that.

No.

Views around all of our absolute include it's actually not though too.

HM.

My computer Zale zombie statues.

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This season.

On the government.

For the company knowledge.

Well I mean like children, we try not to be itself some of them maybe called a month.

So to the Cape Magic taken by the Chinese government not I thought you to battle I get involved in proportion.

The company quite.

Mount and pricing go bombing prudent Chris.

The company is optimistic about the future of the bromine lucky each other quite some time does that somewhat mixed picture.

Domestic loan put backs for paper, making and I think that's true has stopped.

Thoughts about student I thought I also had been slouch.

I don't want to is that if you said that it was really well both human and I'm most.

It's called me 19 abandon it had to put that creates the talking about leases with Oh. This is excellent.

People might not hobby, let me just about the use of disinfectant, but no government regulation.

Let me, Chris Health, a value appeal to the creation of what they believe they will be a ski linquist Mount well I mean, it ultimately it's on the future calls, yes, I'm decrease in the mountains its tool.

My Kids, which we expect would be thinking.

Despite the closure of many of our downstream customers.

Cutting price of one of many remain.

Oh, but on the second southern part Colm significantly higher than what our fetches look close I'm almost twice the babble on five years ago.

We expect that both demand and pricing will you could tell me on Monday the problem.

Yeah, I like what I'll call shopping needs to be strong.

Given that killed off probably nine shouldn't even.

I would like out there that's close to know that.

Operationally Heidi.

<unk> levels.

Paul touched on four hours and clause.

Oh, the company's employee costs is there masks and have to be switching said keep both before and after work.

In addition, we have caused them to be switching back to our factories.

And other factors.

So I said to me that's required to become part of the Coproducts second much.

The company wanting to begin construction Oh, Dave.

You can see time, because that you in but maybe a few shift how can we see full game downloads the approval as a mouse from a dominant Ivan it's Jack making on that construction completion.

Yes, what is called is 19.

It's tracking.

Two quick approximately one year and I'm not the additional no.

The clock Holy Crap, Kim is automation and question.

Hi.

You can chocolate that's right at the beginning of yeah, two dozen times between.

I'll, probably equal that you'd be a mouse caused this lower imagine products such as part of course for pace I'm, making.

But if you want to focus more on tighter matching pharmacy that you can tell me yes.

Well I mean, it's widely you'll find the future calls I'm a pharmaceutical byproducts.

Well I'm on how did he keeps.

Because I think you keep up the central nervous system, if you need them effective or yet.

I.

They pod and she actually left.

On the money I got magazine.

Yeah, I am medical condition.

That's the child Hi mom.

For the opportunities so much higher pricing and margin them just some of our traditional part that.

I would expect she will be smaller again.

Some of our.

Got that.

Well I suspect you won't be smaller zonda combined with previous Texas, but the common packs a comedy.

It's probably wouldn't make higher net copies of matching the its products.

They can choose to estimate the cost of risk factors that could be allowed to $16 million.

Yes.

This is the cost maybe a community that is I was but I.

Maybe I said previously made.

People would be much like NAV cash I had to construct except team opened our problem that's good.

Well not.

It's had it makes for a job I saw I mean, it's just one problem.

There's a lot of.

Production Punky quite short time now Rob the logic, it's probably neutral dads and trying to implement balls on fine.

No problem.

It's it's called me, which is estimated to be.

That's all one cheating cubic meters.

And that it's approximately to find out from the company probably make sure that they're flat and that I guess as its too I. Just you know the just the sites.

We need this will be accepted into a benefit Thomas.

Okay. That's fair maybe coal that on May 29, 2019, accompanied with kids available Multistem Saumen, Bob jump ball, Tom that encompass Trump probably whereby the company to be part two upcoming projects approval was neutral cat and.

Well I woke up project and the approvals for the 50 course action inspection.

In Baumann <unk> Peck shouldn't affect me I wanted to each one.

Hi, good outcome, it's probably she likes yes, I imagine I think well well I'm I'm, but they took at this activity.

On the down that can comment upon what they've moved up only companies seeking to operate this extremely we note that you want area.

I wouldn't be without a problem and have not yet or more like oh, its environmental regulation and mining corporation policies for this area.

I think probably all although I'm sure you could become the type of natural gas that Petro China is acceleration that probably forgotten that focus on him ballpark.

Thank you.

[laughter], probably a why not just let me try to exercise in Chinese Keytruda I'm interested Oh type company should ensure that the cross death.

That's a salary wages.

I'll come to the today, a copy bench its position as the trip they tend to Chinese policy I was afraid that private companies can't it's profitable and club just make he'll get well one day appeals and called pool Wasatch, albeit we keep telling.

Please note that then.

The fact that I try not have fomby, which I guess what family formation.

Asked to believe that definitely Oh, yeah, I guess, maybe mole who's up down do you.

We believe.

I told you how much is probably oh flows the comp.

Kim advantages in Michigan economy, which.

Yes, he Florida, that's the beauty of walking with hydro time now.

The trial.

Yeah.

[laughter] cashing out is a local provincial government on the we'll keep shell ducky from about an uptick.

So no I liked the topic, okay. The commentary because obviously it now but has changed from share hold us about to popping shoes.

That we'd like to I'm sad before handing the call back to needs to be lumpy already covered most of the questions our pbxs caution.

That's one question about the Companys.

Can you are I mean, it's tricky thing.

If I can become a gym, nor am I think it's tricky to extensive had gone up.

Not too yes.

I'm finding dollar yes were down 17% Dupont fitting me in building, yes, why not.

All 56, keeping pace with knows that both yeah, It's one night and yet HM We had that section home passes and see that capitulation and pipeline.

Hi, Yes, we've done homes and represents one do you want to be back to the level.

The 2017.

[laughter].

Well the onset well no onetime cost such as rectification cost I do tell them and kind of retirement costs appetite from maybe maybe if I could be treated with inflation and.

Some of which had to do you Chris such as employees copies feature on Saturday.

Clearly what would that be something like that you had to be could touch the common.

Now, we're looking to do matter I'm, finding I've always tried this baby in cost and the main thing no general and administrative expenses can be accurate senior level has yet to by 70.

Texture can accommodate constantly watching on a swing U.S. Tetra plan I feel as if we get clarity about opening of our.

Well I push suspected that's construction timing of our public effect cheap.

And the timing of open on neutral just on why affiliation.

Once the trial was a complete the plant and shares valued vectrus.

Communicating with shareholders I, just can't see the company had been very proactive in ensuring press releases. If you just yet if it continues to walk that hot keep our share how does this fall.

In addition, the update the company website you can he knows he actually I did get better clarity on the timing of Albany Dominion business. It will also provide.

I would feel I'm I'm skagen coming back.

So my bad time this call back to the telling you.

[noise] hold up here inception.

Okay. So can we open for the appeal infection.

Are you selling thank you if you like to ask a question. Please press star one from your telephone keypad confirmation told my indicate your line is the question Q.

Let me first start to if you like to move your question from the Q.

It's interesting speaker equipment, it maybe necessary to pick up your handset before first thing was turkeys.

What's going to start wanted to ask a question, we'll pause a moment to assemble the queue [laughter].

Once again as star one if you have a question today.

And when it appears we have no questions at this time.

Okay. Thanks plays out.

I'm sorry, we did get a question from.

John Okay, Oh, I see a private investor you don't have a cool it kinda [laughter].

I. Please go ahead Sir.

Yes, we're now halfway last quarter.

No.

We're now halfway through the second quarter of the year, you have a forecast revenue and profit in this quarter.

[noise], Hi, sorry, I cannot give you can do you do it might pick up.

[noise], we're now halfway through the second quarter of the year.

Do you have a forecast for revenue and profit in this quarter.

The second operating okay.

Oh, Okay, now I know on that.

I think I'll take on making lots of Lyme disease Jiong anyway.

[laughter] Mr deal is because he asked this question already have less so.

Mr Rules, we're sorry, 20 surpassed that of they're having a technical difficulty with hearing you Sir.

I I got I got on.

Thank you please opinion Helen.

Yes.

Oh, there's all at once and that likely do Repurposing like account wins that you can have yeah, I mean, I keep when they feel uncomfortable culturally waqar I guess I'm sure about once a month actually when you get that I got to go.

[laughter].

Oh, well Macquarie and.

In closing several more Manhattan going either a dog arkadin. The you could see on what May convert card Kumar definitely got her order that there was nothing concrete you won't recur.

So do you see the author I guess for towards the only thing or.

ER home on her home school.

HM Okay. Thank you Michelle.

I guess I'll caveat this cost from Citi.

Well there are only oh.

Could be in commercial production currently.

The following its two oh out probably the best choice.

So that we make called <unk> yeah.

I played Dick showing revenue pretty big shall Babin cyclone Capiq issued a press release or on the company's <unk> Francis.

[noise] [noise] Hello.

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Yes.

[laughter] right now could you maybe.

Yes. This is why this is cleared now you think you.

There are no additional questions at this time here with respect to make some additional work.

Okay.

I said well.

They figure out what do we have no. It does feel for how you thought you so [noise].

Okay got home meal kit I'm going out with Roche because they get 'em check it I wonder when should we go according to just touching on becoming part.

[noise] woman who's doing the card exactly when they're not evenly.

So how about what kind of young audiences awful.

Uh huh.

[noise] modestly.

[noise], how about national though.

Okay.

Okay.

Points out went up with us and Trump I don't break that I'm of course, Chen I don't like Tyco with local for today I use there are no. There are no additional questions. Helen you may close the call.

Okay. Thank you and your thoughts on his call us actually Oh the tax.

[laughter]. Thank you. This concludes today's conference I can't really you're welcome you may disconnect. Your lines. This time, everyone. Thank you for your participation.

Okay.