Company: GURE
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001193805-25-001627
Chunk: 74

Company: GULF RESOURCES, INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 1
Chunk 74
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operations was $5,694,821 for the nine-month period ended September 30, 2025, compared to a loss of $14,998,025 in the same period in
2024.

    Loss from Operations by Segment

    Nine-Month Period Ended September 30, 2025 
    Nine-Month Period Ended September 30, 2024
  
    Segment: 
      
    % of total 
      
    % of total
  
    Bromine 
    $(3,775,713) 
     72.51% 
    $(13,475,400) 
     91.94%
  
    Crude Salt 
     (247,727) 
     4.76% 
     (47,725) 
     0.32%
  
    Chemical Products 
     (1,055,947) 
     20.28% 
     (993,116) 
     6.78%
  
    Natural Gas 
     (127,880) 
     2.45% 
     (140,554) 
     0.96%
  
    Loss from operations before corporate costs 
     (5,207,267) 
     100% 
     (14,656,795) 
     100%
  
    Corporate costs 
     (487,554) 
        
     (341,230) 

    Loss from operations before taxes 
    $(5,694,821) 
        
    $(14,998,025) 

30 

Bromine segment

Loss from operations from our bromine segment
was $3,775,713 for the nine-month period ended September 30, 2025, compared to a loss of $13,475,400 in the same period in 2024. The decrease
in gross loss margin was primarily attributable to the higher average selling price of bromine of $3,751 per ton in the nine-month period
ended September 30, 2025 compared to $2,423 per ton in the nine-month period ended September 30, 2024.

Crude salt segment

Loss from operations from our crude salt segment was
$247,727 for the nine-month period ended September 30, 2025, compared to a loss of $47,725 in the same period in 2024. The increase in
operating losses is mainly due to the