Company: GURE
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001193805-25-001627
Chunk: 65

Company: GULF RESOURCES, INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 1
Chunk 65
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251 or 82%, of net revenue for the same period in 2024.

    Gross Profit (Loss) by Segment 
    % Point Change

    Three-Month Period Ended 
    Three-Month Period Ended 
    of Gross

    September 30, 2025 
    September 30, 2024 
    Profit Margin
  
    Segment 
      
    Gross Profit (loss)  Margin 
      
    Gross Profit (loss) Margin 

    Bromine 
    $385,868  
     5% 
    $(2,222,775) 
     (141%) 
     146%
  
    Crude Salt 
     661,928  
     67% 
     376,588  
     58% 
     9%
  
    Chemical Products 
     —  
     —  
     —  
     —  
     — 
  
    Natural Gas 
     —  
     —  
     16,936  
     100% 
     — 
  
    Total Gross Profit (Loss) 
    $1,047,796  
     12% 
    $(1,829,251) 
     (82%) 
     47%

Bromine segment

For the three-month period ended September 30,
2025, the gross profit for our bromine segment was 5%, compared to gross loss margin of 141% in the three-month period ended September
30, 2024. The increase in gross profit margin was primarily attributable to the higher average selling price of bromine of $3,637 per
ton in the three-month period ended September 30, 2025 compared to $2,396 per ton in the three-month period ended September 30, 2024 and
the number of sales was up 238% from the second quarter of 2024.

Crude salt segment

For the three-month period ended
September 30, 2025, the gross profit margin for our crude salt segment was 67%. The increase of net revenue of crude salt was mainly due
to the 58% increase in tonnes sold and the 4% decrease in average selling price of crude salt for the three-month period ended September
30, 2025.

For the three-month period ended September 30, 2024,
the gross profit margin for our crude salt segment was 58%.

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