Company: GURE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001193805-25-001184
Chunk: 98

Company: GULF RESOURCES, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 2
Chunk 98
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     —  
     —  
     —  
     — 
  
    Natural Gas 
     —  
     —  
     43,995  
     99.6% 
     — 
  
    Total Gross Profit 
    $996,832  
     10.0% 
    $(3,541,672) 
     (96.0%) 
     106%

Bromine segment

For the six-month period ended June 30, 2025,
the gross profit margin for our bromine segment was 6.7%, compared to gross loss margin of 126% in the six-month period ended June 30,
2024. The increase in gross profit margin was primarily attributable to the higher average selling price of bromine of $3,857 per ton
in the six-month period ended June 30, 2025 compared to $2,438 per ton in the six-month period ended June 30, 2024.

36 

Crude salt segment

For the six-month period ended June 30, 2025,
the gross profit margin for our crude salt segment was 49.2%.

For the six-month period ended June 30, 2024 the
gross profit margin for our crude salt segment was 33%.

Chemical products segment

For the six-month period ended June 30, 2025,
the gross profit margin for our chemical segment was 0% due to the closure of our plant and factories to perform rectification and improvement.
As a result, there were no chemical products for sale for the six-month period ended June 30, 2025.

Natural gas segment

Gross profit for our natural gas segment for the
six-month period ended June 30, 2025 and 2024 was $0 and $43,995 respectively.

Direct labor and factory overheads incurred
during plant shutdown On September 1, 2017, the Company received notification from the government of Yangkou County, Shouguang
City of PRC that stated that production at all its bromine and crude salt and chemical factories should be halted with immediate effect
in order for the Company to perform rectification and improvement in accordance with the county’s new safety and environmental protection
requirements. On November 24, 2017, the Company received a letter from the Government of Yangkou County, Shouguang City notifying the
Company to