Company: GURE
Filing Date: 2025-04-11
Form Type: 10-K
Source: 0001193805-25-000461
Chunk: 514

Company: GULF RESOURCES, INC.
Filing Date: 2025-04-11
Form: 10-K
Item: Item 7A
Chunk 514
---
,856)
  
    Loss on disposal of property, plant and equipment 
     (29,169,008) 
     — 
  
    Impairment of Property, plant and equipment 
     (6,772,500) 
     — 
  
    Loss before taxes 
    $(57,287,270) 
    $(58,256,662)

The following table shows the major customers (10% or more)
for the year ended December 31, 2024

Business Segments - Schedule of
Revenue by Major Customers

        Bromine 
        Crude
Salt 
      Chemical
Products 
      Total
Revenue 
    Percentage
of Total
  
    Number 
    Customer 
    (000’s) 
    (000’s) 
    (000’s) 
    (000’s) 
    Revenue (%)
  
    1	 
    Shandong Morui Chemical Company Limited 
    $677  
    $770  
    $—  
    $1,447  
     18.9%
  
    2 
    Shandong Brother Technology Limited 
    $646  
    $702  
    $—  
    $1,348  
     17.6%
  
    3 
    Shouguang Weidong Chemical Company Limited  
    $646  
    $578  
    $—  
    $1,224  
     16.0%

The following table shows the major customers (10% or more) for the
year ended December 31, 2023

        Bromine 
        Crude
Salt 
      Chemical
Products 
      Total
Revenue 
    Percentage
of Total
  
    Number 
    Customer 
    (000’s) 
    (000’s) 
    (000’s) 
    (000’s) 
    Revenue (%)
  
    1 
    Shandong Morui Chemical Company Limited 
    $3,735  
    $1,137  
    $—  
    $4,872  
     16.3%
  
    2 
    Shandong Brother Technology Limited 
    $3,639  
    $998  
    $—  
    $4,637  
     15.5%
  
    3 
    Shouguang