Company: GURE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001193805-25-001184
Chunk: 95

Company: GULF RESOURCES, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 2
Chunk 95
---
:

    Net Revenue by Segment 

    Six-Month Period Ended 
    Six-Month Period Ended 
    Percent Increase

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

    Bromine 
    $9,158,243  
     92% 
    $3,005,431  
     81% 
     205%
  
    Crude Salt 
     789,989  
     8% 
     640,606  
     18% 
     23%
  
    Chemical Products 
     —  
     —  
     —  
     —  
     — 
  
    Natural Gas 
     —  
     —  
     44,194  
     1% 
     — 
  
    Total sales 
    $9,948,232  
     100% 
    $3,690,231  
     100% 
     170%

    Bromine and crude salt segments 
    Six-Month Period Ended 
    Percentage Change
  
    product sold in tonnes 
    June 30, 2025 
    June 30, 2024 
    Increase
  
    Bromine (excluding volume sold to SYCI) 
     2,375  
     1,233  
     93%
  
    Crude Salt 
     30,667  
     28,924  
     6%

Bromine segment

Net revenue from our bromine segment increased
to $9,158,243 for the six-month period ended June 30, 2025 compared to $3,005,431 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 $789,989 for the six-month period ended June 30, 2025 compared $640,606 for the same period in 2024 due to the higher selling tonnes
of crude salt.

Chemical products segment

For the six-month period ended June 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