Yangu Huatai Q1-Q3 Profits may up 300%

Shandong Yanggu Huatai Chemical Co., Ltd. has released the predication for the business performance in the first three quarters of this year. The company expects the net profit ended Sept. 30 to be in the range of 118.09 million to 127.42 million yuan, surging 280% to 300% from 31.08 million yuan over the same period of last year.

The company said that during the reporting period, the rubber additive sector maintained sound growth and the company insisted in development strategic, actively explored new market and made market promotions. Thanks to the government’s environmental protection policy, the company’s long-term investment inenvironmentally friendly products had been rewarded and some products were in short-supply.

Yanggu Huatai’s main business income is expected to rise 35%, increasing sales lowered average production costs and contributed to greater net profit growth.

Yanggu Huatai is a leading Chinese rubber additive producer who produces anti-scorcher, accelerant and processing additives, which are widely used in rubber, tire, rubber tube and adhesive tape sectors. The company got listed in Shenzhen stock market in 2010.