Company: GURE
Filing Date: 2025-04-11
Form Type: 10-K
Source: 0001193805-25-000461
Chunk: 385

Company: GULF RESOURCES, INC.
Filing Date: 2025-04-11
Form: 10-K
Item: Item 6
Chunk 385
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,776 
  
    Impairment of property plant and equipment 
     6,772,500  
     — 
  
    Amortization of right-of-use asset 
     877,809  
     887,603 
  
    Loss on disposal of property, plant and equipment 
     29,169,008  
     — 
  
    Changes in assets and liabilities 

    Accounts receivable 
     4,264,140  
     410,057 
  
    Inventories 
     (733,302) 
     769,543 
  
    Prepayment and deposits 
     248,817  
     (4,268,797)
  
    Advance from customers 
     (42,471) 
     42,945 
  
    Other receivables 
     (87,515) 
     (6,849)
  
    Accounts and Other payable and accrued expenses 
     (2,191,652) 
     1,114,904 
  
    Taxes payable 
     (357,954) 
     (213,480)
  
    Lease liabilities 
     (894,351) 
     (827,285)
  
    Net cash provided by (used in) operating activities 
     675,068  
     (32,751,851)

    CASH FLOWS FROM INVESTING ACTIVITIES 

    Purchase of property, plant and equipment 
     (60,526,213) 
     — 
  
    Interest-free loan lent to related parties 
     (25,275) 
     — 
  
    Net cash used in investing activities 
     (60,551,488) 
     — 

    CASH FLOWS FROM FINANCING ACTIVITIES 

    Repayment of finance leases obligation 
     (264,094) 
     (267,810)
  
    Proceeds from interest-free loan from a related party 
     14,854  
     — 
  
    Net cash used in financing activities 
     (249,240) 
     (267,810)

    EFFECTS OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 
     (2,023,072) 
     (2,982,659)
  
    NET DECREASE IN CASH AND CASH EQUIVALENT