Company: GURE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001193805-25-001184
Chunk: 94

Company: GULF RESOURCES, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 2
Chunk 94
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690,231  
     170%
  
    Cost of net revenue 
     (8,951,400) 
     (7,231,903) 
     24%
  
    Gross profit (loss) 
     996,832  
     (3,541,672) 
     (128%)
  
    Sales and marketing expenses 
     (19,855) 
     (18,124) 
     10%
  
    Direct labor and factory overheads incurred during plant shutdown 
     (3,953,582) 
     (5,449,192) 
     (27%)
  
    General and administrative expenses 
     (2,384,288) 
     (1,407,428) 
     69%
  
    Loss from operations 
     (5,360,893) 
     (10,416,416) 
     (49%)
  
    Interest income ,net 
     (39,172) 
     21,207  
     (285%)
  
    Other expense,net 
     (3,212) 
     (4,003) 
     (20%)
  
    Loss on disposal of property, plant and equipment 
     —  
     (29,169,008) 
     (100%)
  
    Loss before taxes 
     (5,403,277) 
     (39,568,220) 
     (86%)
  
    Income  tax benefit 
     —  
     2,478,170  
     — 
  
    Net Loss 
    $(5,403,277) 
    $(37,090,050) 
     (85%)

Net Loss of $5,403,277 for the six-month periods
ended June 30, 2025 was mainly attributable to increased General and administrative expenses.

Net Loss of $37,090,050 for the six-month periods
ended June 30, 2024 was mainly attributable to decreased sales and reduced margins. The company also suffered a loss of $29,169,008 on
retirement of fixed assets .

34 

Net revenue.  The table
below shows the changes in net revenue in the respective segment of the Company for the six-month period ended June 30, 2025 as compared
to the same period in 2024