Company: GURE
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001193805-25-001627
Chunk: 103

Company: GULF RESOURCES, INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 2
Chunk 103
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 is calculated based on the annualized actual production volume in tonnes for the periods divided by the annual production capacity in tonnes.

Bromine segment

For the nine-month period ended September 30, 2025 and 2024
the cost of net revenue for the bromine segment was $16,216,406 and $10,595,899, respectively. The increase in costs is mainly due to
the increase in sales volume.

Crude salt segment

For the nine-month period ended
September 30, 2025 and 2024 the cost of net revenue for the crude salt segment was $731,779 and $707,344, respectively. The increase in
costs is mainly due to the increase in sales volume.

Natural gas segment

Cost of net revenue for our natural gas segment for
the nine-month period ended September 30, 2025 and 2024 was $0 and $276, respectively. The decrease in income was due to the fact that
the relevant documents of the client were incomplete, which prevented us from continuing the cooperation.

Gross Profit. Income profit was
$2,044,628, or 10.8%, of net revenue for nine-month period ended September 30, 2025 compared to gross loss $5,370,923, or 91%, of net
revenue for the same period in 2024.

    Gross Profit (Loss) by Segment 
    % Point Change

    Nine-Month Period Ended 
    Nine-Month Period Ended 
    of Gross

    September 30, 2025 
    September 30, 2024 
    Profit Margin
  
    Segment 
      
    Gross Profit (loss) Margin 
      
    Gross Profit (loss) Margin 

    Bromine 
    $994,168  
     5.8% 
    $(6,019,155) 
     (132%) 
     137.8%
  
    Crude Salt 
     1,050,460  
     58.9% 
     587,301  
     45% 
     13.9%
  
    Chemical Products 
     —  
     —  
     —  
     —  
     — 
  
    Natural Gas 
     —  
     —  
     60,931  
     100% 
     — 
  
    Total Gross Profit(Loss)