Company: GURE
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001193805-25-001627
Chunk: 62

Company: GULF RESOURCES, INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 1
Chunk 62
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-month period ended September 30, 2025 as
compared to the same period in 2024:

    Net Revenue by Segment 

    Three-Month Period Ended 
    Three-Month Period Ended 
    Percent Change Increase

    September 30, 2025 
    September 30, 2024 
    of Net Revenue
  
    Segment 
      
    % of total 
      
    % of total 

    Bromine 
    $8,052,331  
     89% 
    $1,571,313  
     70% 
     412%
  
    Crude Salt 
     992,250  
     11% 
     654,039  
     29% 
     52%
  
    Chemical Products 
     —  
     —  
     —  
     —  
     — 
  
    Natural Gas 
     —  
     —  
     17,013  
     1% 
     — 
  
    Total sales 
    $9,044,581  
     100% 
    $2,242,365  
     100% 
     303%

    Bromine and crude salt segments 
    Three-Month Period Ended 
    Percentage Change
  
    product sold in tonnes 
    September 30, 2025 
    September 30, 2024 
    Increase (Decrease)
  
    Bromine 
     2,214  
     656  
     238%
  
    Crude Salt 
     38,379  
     24,249  
     58%

Bromine segment

For the three-month periods ended September 30, 2025 and 2024, the
net revenue for the bromine segment was $8,052,331 and $1,571,313, respectively. The increase of the net revenue of bromine was due to
the 238% increase in tonnes sold and the 52% increase in average selling price of bromine in the third quarter of 2025. The average
selling price of bromine in the third quarter of 2025 was $3,637 compared to the average selling price of bromine in the third quarter
of 2024 of $2,396 (calculated by dividing revenue by tonnes).

Crude salt segment

For the three-month periods ended September