Gulf Resources, Inc., through its subsidiaries, manufactures and trades bromine and crude salt, chemical products, and natural gas in the People's Republic of China. It provides bromine for use in brominated flame retardants, fumigants, water purification compounds, dyes, medicines, and disinfectants. The company also offers crude salt for use as a material in alkali and chlorine alkali production; and for use in the chemical, food and beverage, and other industries. In addition, it manufactures and sells chemical products for use in oil and gas field exploration, oil and gas distribution, oil field drilling, papermaking chemical agents, and inorganic chemicals, as well as materials that are used for human and animal antibiotics. The company is founded in 2006 and is based in Shouguang, the People's Republic of China.
IPO Year:
Exchange: NASDAQ
Website: gulfresourcesinc.com
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SHOUGUANG, China, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (NASDAQ:GURE) ("Gulf Resources," "we," or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China today announced its unaudited financial results for the three months ended June 30, 2025. The company reported: Net Revenue increased by 250% to $8,343,785 from $2,383,169 in the previous year.Gross profits increased to $986,655 from a loss of $2,728,889.The loss from operations was $750,686 compared to a loss of $5,146,997.The net loss was $773,777 versus a net loss of $33,097,918 in the previous period.The Loss per share was $0.06 versus a loss of $3.09 in
SHOUGUANG, China, May 13, 2025 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (NASDAQ:GURE) ("Gulf Resources", "we," or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China today announced its unaudited financial results for the three months ended March 31, 2025. Income Statement In the quarter ended March 31, 2025, net revenues increased to $1,604,447 from $1,307,062, an increase of 23%. Cost of Revenue was $1,594,270 versus $2,119,845, a decrease of 25%. Gross profit was $10,177 compared to a gross loss of ($812,783). Sales and Marketing expenses were $5,053, an increase of 13%. Direct labor and factory overheads incurred during plant shutdow
SHOUGUANG, China, April 22, 2025 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (NASDAQ:GURE) ("Gulf Resources," "we," or the "Company"), a leading manufacturer of bromine, crude salt, and specialty chemical products in China, today issued a press release providing an update on its bromine segment. In 2024, our bromine segment reported a net loss of $8,200,236 on revenues of $5,549,815. Two primary factors contributed to this loss. First, bromine prices were significantly depressed. The average price for 2024 was RMB 17,561, representing a decline of 27.1% from 2023 and 67.3% from 2022. Due to these unfavorable market conditions, the Company intentionally scaled back bromine sales. As a result
SHOUGUANG, China, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (NASDAQ:GURE) ("Gulf Resources", "we," or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China today announced the following press release to provide investors with a detailed overview of the key factors impacting our bromine segment, specifically focusing on how changes in both pricing and volume have influenced performance. Similar to oil and gold, we believe our company has a relatively fixed amount of bromine available for extracting from our properties. During the COVID-19 pandemic, demand for bromine, especially for antiseptics surged. Based on numbers from Suns
SHOUGUANG, China, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (NASDAQ:GURE) ("Gulf Resources", "we", or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China today issued a press release related to the purchase of additional land for salt fields and bromine. As previously reported by the Company in its SEC filings, in June 2024, we reached agreements to acquire five salt fields covering a total of 5,141,000 square meters for an aggregate purchase price of RMB 280,762,400. The Company paid 80% in cash and agreed to pay the remaining 20% in stock, with the terms and the pricing of the stock still under negotiation. The Company bel
SHOUGUANG, China, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (NASDAQ:GURE) ("Gulf Resources", "we," or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China today announced its unaudited financial results for the nine and three months ended September 30, 2024. Three Months ended September 30, 2024: Revenues for the third quarter were $2,242,365, a decline of 61.8% compared to the same period of 2023.The net loss was $3,492,883, and the basic and diluted loss was $0.33 per share.During the third quarter, bromine revenues declined by 68% to $1,571,313 and crude salt revenues declined by 26% to $654,039.Bromine operation loss
SHOUGUANG, China, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (NASDAQ:GURE) ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that the Company will host a conference call on Wednesday, November 20, 2024 at 08:00 AM Eastern Time to discuss its Third Quarter 2024 results ended September 30, 2024. Mr. Xiaobin Liu, CEO of Gulf Resources, will be hosting the call. The Company management team will be available for investor questions following the prepared remarks. To participate in this live conference call, please dial Toll Free +1 (888) 506-0062 five to ten minutes prior to the scheduled con
SHOUGUANG, China, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (NASDAQ:GURE) ("Gulf Resources", "we", or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced its Letter to Shareholders as below. "Dear Shareholders, We want to emphasize our commitment to communicating actively with our shareholders. This letter is an integral part of our communication efforts. On April 16, 2024, we dismissed our auditors, WWC PC, and engaged GGF CPA Limited as our new auditor when we realized our audit would not be completed on time. Transitioning to new auditors at the last minute posed significant challenges, as we had to rest
SHOUGUANG, China, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (NASDAQ:GURE) ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that on August 20, 2024, it received a notice (the "Notice") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that due to the Company's failure to timely file its Quarterly Report on Form 10-Q for the period ended June 30, 2024, with the Securities and Exchange Commission (the "SEC"), the Company is not in compliance with Nasdaq's continued listing requirements under Nasdaq Listing Rule 5250(c)(1) (the "Rule"
SHOUGUANG, China, July 08, 2024 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (NASDAQ:GURE) ("Gulf Resources", "we," or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced it had received a letter from NASDAQ granting the Company an extension until October 14, 2024 to regain compliance with NASDAQ's listing rules. As previously disclosed, on April 18, 2024 and May 21, 2024, the Company received letters from NASDAQ indicating that that it did not comply with NASDAQ's filing requirements (the "Rule") because it had not filed its Form 10-K for the period ended December 31, 2023 (the "10-K") and Form 10-Q for the period ended Marc
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10-Q - GULF RESOURCES, INC. (0000885462) (Filer)
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SHOUGUANG, China, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (NASDAQ:GURE) ("Gulf Resources", "we," or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China today announced its unaudited financial results for the nine and three months ended September 30, 2024. Three Months ended September 30, 2024: Revenues for the third quarter were $2,242,365, a decline of 61.8% compared to the same period of 2023.The net loss was $3,492,883, and the basic and diluted loss was $0.33 per share.During the third quarter, bromine revenues declined by 68% to $1,571,313 and crude salt revenues declined by 26% to $654,039.Bromine operation loss
SHOUGUANG, China, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (NASDAQ:GURE) ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that the Company will host a conference call on Wednesday, November 20, 2024 at 08:00 AM Eastern Time to discuss its Third Quarter 2024 results ended September 30, 2024. Mr. Xiaobin Liu, CEO of Gulf Resources, will be hosting the call. The Company management team will be available for investor questions following the prepared remarks. To participate in this live conference call, please dial Toll Free +1 (888) 506-0062 five to ten minutes prior to the scheduled con
SHOUGUANG, China, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (NASDAQ:GURE) ("Gulf Resources", "we", or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced its Letter to Shareholders as below. "Dear Shareholders, We want to emphasize our commitment to communicating actively with our shareholders. This letter is an integral part of our communication efforts. On April 16, 2024, we dismissed our auditors, WWC PC, and engaged GGF CPA Limited as our new auditor when we realized our audit would not be completed on time. Transitioning to new auditors at the last minute posed significant challenges, as we had to rest
SHOUGUANG, China, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Gulf Resources (NASDAQ:GURE) a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced its financial results for the three and nine months ended September 30, 2023. In the third quarter, sales declined by 74%.Net income after tax was a loss of $1,775,797 compared to a profit of $8,967,380.Net loss per share was ($0.17*) compared to a net profit of $0.86*.Ending cash was $103,774,977 or $9.95* per share.Shareholders' equity was $260,723,332 or $24.99* per share. Results for the Three Months Ended Sept. 30,2023 In the third quarter of 2023, revenue declined by 74% to $5,865,615 from $22
SHOUGUANG, China, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (NASDAQ:GURE) ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that the Company will host a conference call on Monday, November 20, 2023 at 07:30 PM Eastern Time to discuss its Third Quarter 2023 results ended September 30, 2023. Mr. Xiaobin Liu, CEO of Gulf Resources, will be hosting the call. The Company management team will be available for investor questions following the prepared remarks. To participate in this live conference call, please dial Toll Free +1 (888) 506-0062 five to ten minutes prior to the scheduled confer
SHOUGUANG, China, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (NASDAQ:GURE) ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that the Company has filed a Form 12b-25 Notification of Late Filing because it is unable to file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2023 (the "Form 10-Q") by November 14, 2023, the original due date for such filing.. The Company expects to file the Form 10-Q within the five-calendar day extension provided by Rule 12b-25. The Company will host a conference call about its quarterly earnings at 7:30 P.M. EST (4:30 P.M. PST) on Nove
SHOUGUANG, China, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (NASDAQ:GURE) ("Gulf Resources", "we," or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced financial results for the second quarter and six months ending June 30, 2023. At the end of this press release you will see our income statement, balance sheet, and cash flow statement. Our 10-Q filed with the SEC describes all the business segments of the company. While we normally cover these segments first, this quarter we will provide investors with context about the Chinese economy in general and our industries in particular so you can better understand
SHOUGUANG, China, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (NASDAQ:GURE) ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that the Company will host a conference call on Monday, August 14, 2023 at 08:00 PM Eastern Time to discuss its Second Quarter 2023 results ended June 30, 2023. Mr. Xiaobin Liu, CEO of Gulf Resources, will be hosting the call. The Company management team will be available for investor questions following the prepared remarks. To participate in this live conference call, please dial Toll Free +1 (888) 506-0062 five to ten minutes prior to the scheduled conference c
SHOUGUANG, China, May 15, 2023 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (NASDAQ:GURE) ("Gulf Resources", "we," or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced financial results for the three months ended March 31, 2023. Revenues: $9,302,007, representing an increase of 4% over the same period of 2022.The Net Loss was ($557,747) compared to a net loss of ($119,946) for the same period last year. Earnings per share were a loss of $0.05 versus a loss of $0.01 for the same period last year.Cash flow was $4,831,553.Ending cash was $115,771,833.Cash per share $11.10* (based on 10,431,924 shares issued and outstanding.)N
SHOUGUANG, China, May 15, 2023 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq:GURE) ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that the Company will host a conference call on Tuesday, May 16, 2023 at 08:00 AM Eastern Time to discuss its First Quarter 2023 results ended March 31, 2023. Mr. Xiaobin Liu, CEO of Gulf Resources, will be hosting the call. The Company management team will be available for investor questions following the prepared remarks. To participate in this live conference call, please dial Toll Free +1 (877) 545-0523 five to ten minutes prior to the scheduled conference cal