Shandong Yanggu Huatai Chemicals Co., Ltd. predicted its profit in the first half of 2017 to be 80.96 million to 95.96 million yuan, up at least over 35% year on year.
The company attributed the profit growth largely to orderly progress of all works as planned and stable development of production and operation.
Thanks to the country’s supply side structural reform and environmental protection policies, the supply of rubber additives has been tight, and the prices increased considerably over the same period of last year, which boosted its operating revenue and net profit.
In addition, the non-recurring items had little impact on Yanggu Huatai’s net profit, which were estimated to be about 330,000 yuan.
