Gulf Resources, Inc. (NASDAQ:GURE) Q1 2020 Earnings Conference Call - Final Transcript

May 21, 2020 • 08:30 am ET

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Gulf Resources, Inc. (NASDAQ:GURE) Q1 2020 Earnings Conference Call - Final Transcript

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Operator
Operator

Greetings. Welcome to Gulf Resources 2020 First Quarter Earnings Conference Call. [Operator Instructions] Please note that this conference is being recorded.

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

Executive
Helen Xu

Okay. Thank you, operator. Good morning, ladies and gentlemen, and good evening to all of you joining us from China. And we'd like to welcome all of you to Gulf Resources First Quarter 2020 Earnings Conference Call. My name is Helen, the IR Director. Our CEO of the company, Mr. Xiaobin Liu, is also joining us on this call today.

I'd like to remind you to all of our listeners that in this call, certain management's statements during the call will contain forward-looking statements about Gulf Resources Incorporation and its subsidiaries business and products within the meaning of Rule 175 under Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the Safe Harbor created by those rules.

Actual results may differ from those discussed today taking into account a number of risk factors, including but not limited to the general economic and the business conditions in PRC, the risks associated with the COVID-19 pandemic outbreak, future product development and production capabilities, shipments to end customers, market acceptance of new and existing products, additional competition from existing and new competition from the bromine and the other oilfield and power production chemicals, change in technology, the ability to make future bromine assets, and various other factors beyond its control. All forward-looking statements are expressly qualified in this entirety by this cautionary statement and the risks factors detailed in the company's reports filed with SEC. Gulf Resources assumes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this call. Accordingly, our company believes its expectation reflecting those forward-looking statements are reasonable and there can be no assurance of such will prove to be correct. In addition, any reference to the company's future performance represents the management's estimate as of today, the 21st of May 2020.

So for those of you unable to listen to this entire call at this time, a replay will be available at the company's website. The call is also accessible through the webcast, and the link is accessible through our website. So please locate your press release -- our press release issued earlier for this detail.

So we'd like to start the call with some introduction remarks by our CEO, Mr. Xiaobin Liu. [Foreign Speech]

Executive
Xiaobin Liu

[Foreign Speech]

Executive
Helen Xu

Thank you all for attending this call. So for the past 30 months have been long and very difficult for our company as we had to close all of our facilities for the several reasons. During this difficult time, we were hit by one of the most destructive typhoons in the history of China. When we were getting production back, we were adversely impacted by COVID-19 pandemic. Now however, at last we can see real signs of progress.

Executive
Xiaobin Liu

[Foreign Speech]

Executive
Helen Xu

We