Company: GURE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001193805-25-001184
Chunk: 61

Company: GULF RESOURCES, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 61
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ical products segment

Cost of net revenue for our chemical products
segment for the three-month period ended June 30, 2025 and 2024 was $0.

Natural gas segment

Cost of net revenue for our natural gas segment
for the three-month period ended June 30, 2025 and 2024 was $0.

Gross Profit (Loss). Gross profit
was $986,655, or 115%, of net revenue for the three-month period ended June 30, 2025, representing a increase of $3,715,544, as compared
to a gross loss of $2,728,889, or 115%, 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

    June 30, 2025 
    June 30, 2024 
    Profit Margin
  
    Segment 
      
    Gross Profit  Margin 
      
    Gross Profit Margin 

    Bromine 
    $659,559  
     9% 
    $(2,869,825) 
     (154%) 
     123%
  
    Crude Salt 
     327,096  
     49% 
     140,936  
     27% 
     132%
  
    Chemical Products 
     —  
     —  
     —  
     —  
     — 
  
    Natural Gas 
     —  
     —  
     —  
     —  
     — 
  
    Total Gross Profit 
    $986,655  
     12% 
    $(2,728,889) 
     (115%) 
     136%

Bromine segment

For the three-month period ended June 30, 2025,
the gross profit margin for our bromine segment was 9%, compared to gross loss margin of 154% in the three-month period ended June 30,
2024. The increase in gross profit margin was primarily attributable to the higher average selling price of bromine of $3,892 per ton
in the three-month period ended June 30, 2025 compared to $2,379 per ton in the three-month period ended June 30, 2024 and the number
of sales was up 152