Company: GURE
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001193805-25-001627
Chunk: 72

Company: GULF RESOURCES, INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 1
Chunk 72
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 increase in sales volume.

Natural gas segment

Cost of net revenue for our natural gas segment for
the nine-month period ended September 30, 2025 and 2024 was $0 and $276, respectively. The decrease in income was due to the fact that
the relevant documents of the client were incomplete, which prevented us from continuing the cooperation.

Gross Profit. Income profit was
$2,044,628, or 10.8%, of net revenue for nine-month period ended September 30, 2025 compared to gross loss $5,370,923, or 91%, of net
revenue for the same period in 2024.

    Gross Profit (Loss) by Segment 
    % Point Change

    Nine-Month Period Ended 
    Nine-Month Period Ended 
    of Gross

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

    Bromine 
    $994,168  
     5.8% 
    $(6,019,155) 
     (132%) 
     137.8%
  
    Crude Salt 
     1,050,460  
     58.9% 
     587,301  
     45% 
     13.9%
  
    Chemical Products 
     —  
     —  
     —  
     —  
     — 
  
    Natural Gas 
     —  
     —  
     60,931  
     100% 
     — 
  
    Total Gross Profit(Loss) 
    $2,044,628  
     10.8% 
    $(5,370,923) 
     (91%) 
     (101.8%)

Bromine segment

For the nine-month period ended September 30,
2025, the gross profit margin for our bromine segment was 6%, compared to gross loss margin of 132% in the nine-month period ended September
30, 2024. The increase 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