Company: GURE
Filing Date: 2025-04-11
Form Type: 10-K
Source: 0001193805-25-000461
Chunk: 56

Company: GULF RESOURCES, INC.
Filing Date: 2025-04-11
Form: 10-K
Item: Item 1B
Chunk 56
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 bromine production
facilities on the property.

32 

The chart below represents the
annual production capacity and annualized utilization ratios for our bromine producing properties currently leased by the Company, which
are all located in Shouguang City, Shandong Province, China. There are no proven and probable reserves located on our properties.

    Annual 

    Facility 
      
    Production Capacity # 
    2024 Utilization 
    2023 Utilization
  
    Bromine Property 
    Acquisition Date 
    Acres 
    (in tons) 
    Ratio 
    Ratio
  
    Factory No. 1 
     —  
     6,442  
     6,681  
     11% 
     33%
  
    Factory No. 2 
     April 7, 2007  
     1,846  
     4,844  
     —  
     — 

    Factory No. 7* (originally named as No. 5 and 
     October 25, 2007/  

    No. 7) 
     January 7, 2009  
     3,776  
     6,986  
     11% 
     34%

    Factory No. 8 
     September 7, 2009  
     2,723  
     4,016  
     4% 
     33%
  
    Factory No. 9 
     June 7, 2010  
     759  
     2,793  
     16% 
     41%
  
    Factory No.4 (originally named as Subdivision 

    of Factory No. 1) 
     January 1, 2011  
     1  
     3,186  
     3% 
     28%
  
    Factory No. 10 
     December 22, 2011  
     1,700  
     3,000  
     —  
     — 

*Bromine production for Factory No. 5 and Factory No. 7 were combined in early 2010 as both factories
are located adjacent to each other, and renamed Factory No. 5 (which was previously considered part of Factory No. 7) as Factory No. 7