On April 3, Shandong Yanggu Huatai Chemical released its performance prediction of the first quarter of 2018.
The company predicted it would post 90-95 million yuan of net profit, year-on-year increasing 163.38%- 178.02%.
The company said supply and demand for rubber antiscroching agent CTP, rubber acid etc. kept tight, due to China strengthen environment protection policies and shut down batches of pollution factories, which helped the company realized high operation ratio in the report period, and profit surging in the first three months of 2018.
