Company: GURE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001193805-25-001184
Chunk: 65

Company: GULF RESOURCES, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 65
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    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:

    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