to Good those and us of like Xu, of And Jenny. conference quarter evening I'm call. from and to we'd Helen you all welcome all you IR to Resources morning, you, first gentlemen, XXXX Director. ladies the good China. Gulf Thank who joining
company, the of will CEO Xiaobin Liu, also join Our Mr. this call today.
within the to Rule statements subject the about -- XXXX of meaning you to Xb-X its of Act the and in are rules. Resources on and the certain management the Safe Act that contain Rule and all and Exchange XXXX Securities this XXX be Harbor will under information created Securities listeners remind during the our to subsidiaries those of by call like products Gulf I'd Incorporation forward-looking the call, business
Actual customers, from market the and bromine and acceptance technology, in oilfields competition products, to chemicals, various future account into product the with not and production the other today, shipments risks China. end results a factors including, to production the development change capabilities, the and power and those to, control. The other new and ability of from number existing business the assets differ may its but discussed outbreak, additional future factors economic make COVID-XX pandemic general in limited risk take new and from conditions the competition of existing bromine associated beyond
events no of after with revise circumstances statement date the company's this update with statements obligation the forward-looking reports All expressly detailed assumes to the call. forward-looking their statements or Gulf this qualified are the to Resources reflect any SEC. and by or in risk factors entirety cautionary filed
such expectations reflecting prove are those will no Accordingly, to of assurance reasonable, and our statements correct. be there can be company forward-looking believes in
estimates the today, In company's of performance as XXXX. reference management's addition, to the May represents future XX of any the
the time, this our call is at webcast the be listen website. accessible a you The and available to unable through at those the the to of is company's accessible replay link For call entire website. will also through
earlier So please locate our details. release press for the issued
of to the the for we Liu I'd this his for turn over call like then will all, So to Mr. first comments. results quarter. review And
still to would factory be the was results we the at easy winter our one company. it shows So In this of quarter, shutdown for the a production. were and shareholders facilities strength business think our quarter look quarter. Because and of this of and significant our actually closed. Natural believe But we model chemical lost for opportunities this our best Gas month
of also and highest cost not profit. million. Bromine We despite would these closed a prices the prices sharply. $XXX,XXX. remember. get Crude If problems, were plant lost actually of costs could we salt have plunged by exclude much the the during worse. down can only we Yet earned percentage we factories shutdown Things our $X.X
our With and to investors pleased of will believe increase take will, to when begin when a $XX.XX they chemical We almost opens we export natural very almost believe prices up, with $X our up ended have in brine which or our gas be we of we and to value. the new When $XXX will shareholder million the chemicals Sichuan, actions go million which we in will and back bromine returns, flexibility cash with produce to we type develop generate. per happen, we generated position share. businesses cash expect factory plans financial
this for So future. we look exciting
a last approximately compared The of year. period period loss net same of period for were year revenues net $XXX,XXX $X.XX of same for So loss is the versus to was $X.XX for as $XXX,XXX the which last loss a share loss year. quarter, representing the of of almost approximately X% over $X.X of increase this million, an XXXX. Earnings same per a
Cash $XX.XX $XX.XX. $XXX.X approximately Ending was cash share. share per shareholders' Cash was were per equity million. Net-net flow per cash $X.X was million. share, was and $X.XX
So by at our business segment. look now let's
of salt segment. crude So look all, our at bromine let's first and
of XX% March year. For a to the three XXXX, [ph] year. net $X.X The XX, percentage due the selling the price in average tonnes approximately decrease XXX% segment of for was same lower for gross period was in in million XX% XX the month primarily the and increase margin period average bromine attributable the decrease for the to million period same sold ended by was compared The increase price. the in to profit selling bromine. margin to revenue $X.X profit same last compared previous This gross
As compared revenue compared approximately year, loss cost million of the million. from to $X.X $XXX,XXX year. were approximately of compared million for period period same was last to the last profit $X.X same $X.X The net a for operation
and a $XXX,XXX cost year. period of was decrease XXXX increase of period revenue respectively. $XXX,XXX increase and profit salt the was the The for the for selling to crude same compared average previous of salt to of to percentage year due revenue $XXX,XXX Crude the revenue in XX same for net a tonnes a sold the $XX,XXX in same approximately. and in approximately the loss The net $XXX,XXX percentage crude salt XXXX, last for net was $XXX,XXX in compared This for the price. period the earned XX
and confirm to the crude allocation we XXXX, crude salt increase separated cost and costs. business between impact salt. different required separation The of bromine regulation. the to with May This net was to allocation government bromine In the
from segment. a month So compared worth chemicals. for $XXX,XXX in same now in from approximately period. no revenue was operations period our the of chemical chemical approximately the at Loss XX, March operations three the segment loss XXXX, products There $XXX,XXX from look ended let's to
gas. Natural
segment of had natural equipment. because production we lease Our from did revenue gas no some
a $XX,XXX $XX,XXX in quarter for was same loss for the as So segment period first the of approximately to operations approximately a same XXXX, from income gas our of compared the year result, XXXX. from period natural of
So business for outlook at and our let's now strategic this look plan year.
dropped salt. believe reasons. crude there at price substantially First, the major has We bromine The of and three are quarter. we bromine this look
because well. downturn products a closed. in economy was export downstream and in as sharp domestic sales demand and drop sharp Firstly, the a There off
in much companies So the close because had home to working not more people for were expect there addition, disinfectants and pandemic, We need not that less did thus economy was and too inventory. COVID-XX believe during disinfectants. manufacturing
bottomed prices from levels. We bromine believe of demand very supply advantageous. and may current and still The equation is rise has
closed. not to in to we the economy in rebound timing project or this are a time, factories The extent At prices. been improving are the and permanently is position exports to return Some have normal. of starting
stronger However, mine opportunities. the company offer it will bromine believes with that [indiscernible]
remains related local working about is to government optimistic The two the with try the open year of to on its currently one closed factories the company issues. ability The company XXXX. in
For the crude substantial company basic XXXX salt existing operating for in expenditures. maintenance. bromine limited has factories, will capital of to and completed its be the Capital expenditures
will waste delivered, by delivered So related second be photos as and segment, the company is expected the XXXX. be equipment, is waiting will to or on treatment the soon delivered equipment. remaining equipment treatment chemicals solid its three This includes to The machinery post waste quarter wastewater shareholders the such for still as company as equipment, and that the available. issues, equipment equipment customized website. treatment for Once of environmental gas the quarter inform [indiscernible] is this majorly
we another then start to position safety once apply trial The all and take -- then, production. get approval. it months in four equipment four will for that installed. And And company And which take believes to will conduct take the of the them a delivered, will commercial months approval, After it testing. be three is two environmental to the months for to three the production. to may
best our our named Director this project, all Mr. research flexibility to to as Chairman explore Management Miao, so for shareholder to began export opportunities the and The the been try export. find force enhance gain possible chemicals. Naihui will export can for products value. and of the opportunities So company which to offer export COO and the financial greater this chemical to team task opportunities, we has markets
to markets, in high this the the of specific have Before factory. selecting which chemical the also will all new products can produced we be and by quality products the consider
Province natural gas project, the have applications disclosed brine planning approvals for has and and the as Sichuan Province. we company So the related for Sichuan its with government plans land been with resource proceed after for project government to planning finalized, until department,
some we complexity, a of believe discussing of us related to joint the government joint issues. this are a of water Because the extraction government-related Daying County venture such help products. We overcome for and possibility of the the could bromine venture of with
We of investors will progress. informed our keep
Liu Mr. to back call on the turn quarter. his me this let now So for comments
[Non-English]
