Company: GURE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001193805-25-001184
Chunk: 88

Company: GULF RESOURCES, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 2
Chunk 88
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 revenue in the respective segment of the Company for the three-month period ended June 30, 2025 as compared
to the same period in 2024:

    Net Revenue by Segment 

    Three-Month Period Ended 
    Three-Month Period Ended 
    Percent Change Increase

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

    Bromine 
    $7,676,374  
     92% 
    $1,859,234  
     78% 
     313%
  
    Crude Salt 
     667,411  
     8% 
     523,935  
     22% 
     27%
  
    Chemical Products 
     —  
     —  
     —  
     —  
     — 
  
    Natural Gas 
     —  
     —  
     —  
     —  
     — 
  
    Total 
     8,343,785  
     100% 
     2,383,169  
     100% 
     250%
  
    Total sales 
    $8,343,785  
     100% 
    $2,383,169  
     100% 
     250%

    Three-Month Period Ended 
    Percentage Change
  
    Bromine and crude salt segments product sold in tonnes 
    June 30, 2025 
    June 30, 2024 
    Increase (Decrease)
  
    Bromine 
     1,972  
     782  
     152%
  
    Crude Salt 
     25,934  
     24,852  
     4%

30 

Bromine segment

For the three-month periods ended June 30, 2025 and 2024, the net revenue
for the bromine segment was $7,676,374 and $1,859,234, respectively. The increase of the net revenue of bromine was due to a increase
in selling prices and tonnes sold of bromine in the second quarter of 2025. The sale price of bromine in the second quarter of 2025
was 64% higher than in the second quarter of 2024, and