Company: GURE
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001193805-25-001627
Chunk: 70

Company: GULF RESOURCES, INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 1
Chunk 70
---

    100
    %
     
    $
    5,932,596

    100
    %

    220
    %

    Bromine and crude salt segments 
    Nine-Month Period Ended 
    Percentage Change
  
    product sold in tonnes 
    September 30, 2025 
    September 30, 2024 
    Increase
  
    Bromine (excluding volume sold to SYCI) 
     4,589  
     1,889  
     143%
  
    Crude Salt 
     69,047  
     53,172  
     30%

Bromine segment

Net revenue from our bromine segment increased to $17,210,574 for the
nine-month period ended September 30, 2025 compared to $4,576,744 for the same period in 2024 due to the higher selling price of bromine
and tonnes sold of bromine.

Crude salt segment

Net revenue from our crude salt segment increased
to $1,782,239 for the nine-month period ended September 30, 2025 compared $1,294,645 for the same period in 2024, respectively, due to
the higher selling quantity.

Chemical products segment

For the nine-month period ended September 30,
2025 and 2024, the net revenue for the chemical products segment was $0 due to the closure of our chemical factories since September 1,
2017.

Natural gas segment

For the nine-month period
                                                                                              ended September 30, 2025 and 2024, the net revenue for the natural gas was $0 and $61,207,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.

Cost of Net Revenue

    Cost of Net Revenue by Segment 
    % Change

    Nine-Month Period Ended 
    Nine-Month Period Ended 
    of Cost of

    September 30, 2025 
    September 30, 2024 
    Net Revenue
  
    Segment 
      
    % of total 
      
    % of total 

    Bromine 
    $16,216,406  
     96% 
    $10,595,899  
     94% 
     53%
  
    Crude Salt 
     731,779  
     4%