Company: GURE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001193805-25-001184
Chunk: 68

Company: GULF RESOURCES, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 68
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    Gross Profit (Loss) by Segment 
    % Point Change

    Six-Month Period Ended 
    Six-Month Period Ended 
    of Gross

    June 30, 2025 
    June 30, 2024 
    Profit Margin
  
    Segment 
      
    Gross Profit (loss) Margin 
      
    Gross Profit (Loss) Margin 

    Bromine 
    $608,300  
     6.7% 
    $(3,796,380) 
     (126%) 
     132.7%
  
    Crude Salt 
     388,532  
     49.2% 
     210,713  
     33% 
     16.2%
  
    Chemical Products 
     —  
     —  
     —  
     —  
     — 
  
    Natural Gas 
     —  
     —  
     43,995  
     99.6% 
     — 
  
    Total Gross Profit 
    $996,832  
     10.0% 
    $(3,541,672) 
     (96.0%) 
     106%

Bromine segment

For the six-month period ended June 30, 2025,
the gross profit margin for our bromine segment was 6.7%, compared to gross loss margin of 126% in the six-month period ended June 30,
2024. The increase in gross profit margin was primarily attributable to the higher average selling price of bromine of $3,857 per ton
in the six-month period ended June 30, 2025 compared to $2,438 per ton in the six-month period ended June 30, 2024.

36 

Crude salt segment

For the six-month period ended June 30, 2025,
the gross profit margin for our crude salt segment was 49.2%.

For the six-month period ended June 30, 2024 the
gross profit margin for our crude salt segment was 33%.

Chemical products segment

For the six-month period ended June 30, 2025,
the gross profit margin for our chemical segment was 0% due to the closure of our plant and factories to perform rectification and improvement.
As a result, there were no chemical products for sale for the six-month period ended June 30, 2025