Welcome to the Gulf Resources 2016 First Quarter Earnings Conference Call. [Operator Instructions]. Thank you. I will now turn the conference over to Helen.

Okay. Thank you, Operator. Good morning ladies and gentlemen and good evening to those of you who are joining us from China and we would like to welcome all of you to Gulf Resources first quarter 2016 earnings conference call. My name is Helen, the IR Director. Our CEO and CFO of the company Mr. Xiaobin Liu and Mr. Min Li will also join this call today. I will be offering translation for the management comments for the Company’s operating results. I would like to remind you to all our listeners that in this call, management’s remarks will contain forward-looking statements which are subject to risks and uncertainties. The management may make additional forward-looking statements. Therefore, the Company claims the protection of Safe Harbor for the forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Actual results may differ from those discussed today depending upon number of risk factors including, but not limited to, the general economic business conditions in China; future product developments and production capabilities; shipments to end customers; market acceptance of new and existing products; additional competition from the existing and new competitors for the bromine and other oilfields, agriculture and flame production chemicals and change in technology; the ability to make future bromine asset purchases and various other factors beyond the Company’s control. All forward-looking statements are expressly qualified in their entirety by this precautionary statements, and the risk factors detailed with the Company’s reports filed with the SEC. Accordingly, our Company believes that the expectations reflected in these forward-looking statements are reasonable and there can be no assurance of such will be prove to be correct. In addition, any reference to the Company’s future performance reflects the management estimates as of today, the 12th of May, 2016. Gulf Resources assumes no obligation to update these projections in the future and as market conditions may change. For those of you unable to listen to the entire call at this time, a replay will be available for 14 days at the Company's website. The call is also accessible through the webcast and the link is accessible through our website. Please look at our press release issued earlier for details. It’s now my pleasure to turn this call to Mr. Liu, the Company’s CEO, who’s going to provide some initial remarks and then I will translate for him.

First of all, thank you for participating in Gulf Resources first quarter 2016 earnings conference call. We’re very pleased with our first quarter 2016 results. Following the continuing soft economy, in China our net income increased 22%, our strong results were recorded appeared in which the Chinese economy had been stagnating. And extremely proud of the way in which we have managed our business, our team is significant credit for produce in this day and result is such a difficult economic environment in China. Considering the timing issue now I will turn the call over to Helen to review the financials in 2016 first quarter the Sichuan project progressed firmly and at last she will forward a message later from company management team for shareholders.

So first off I will do the financial review. For the three months ended March 31, 2016 the company net revenue were approximately 34.5 million, a slightly 1% decrease as compared to the same period in 2016, cost of net revenue was approximately 23.9 million a decrease of 6%, this decrease was primarily attributable to the decrease volume of products sold into the macro-economic tightening policy improved by the PRC government which has affected our customers, industries as well. As gross profit was approximately 10.6 million or 31% of net revenue compared to 9.4 million or 27%. Turning now to [indiscernible] were approximately 1.9 million, a decrease of 65,000 or 3% income from operations was approximately 8.7 million or 25% of net revenue, an increase of approximately 22% of our same store in 2016 and effective tax rate was 26% in both periods. Net income was approximately 6.5 million for the three months period ended March 31, 2016 and increase of approximately 22% as compared to the same period in 2015. Earnings per share were $0.14 compared to $0.12 and increase of 16.7%, this continued weakness in the Chinese economy. We’re very pleased to show increases in the net profit and our earnings per share. Now I will discussion on the tax segment. First of all for bromine segment revenue from the bromine product segment increased around 19% to approximately $13.2 million from approximately $11 million tied to weak economic condition in China. The increase in net revenue from our bromine segment were due to the increase in the selling price of bromine since volume decreased 7% to 3428 metric ton but the average price increase 28% to $3481 from $3006. We expect selling cost of bromine can remain at current levels through the remainder of the 2016, the cost…

[Operator Instructions]. At this time there are no questions in queue. Actually now you do have a question. It comes from the line of John Wallace [ph].

Do you have a forecast for the year 2016?

Yes we will issue the guidance soon after this earnings release and to tell the investors about our guidance from year 2016.

When can we expect that guidance?

I think in the next 2 or 3 days.

[Operator Instructions]. At this time there are no questions.

Okay. Thank you, Operator. Thank you very much. If there are no further questions then I will conclude the conference call. Thank you very much.