Company: GURE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001193805-25-001184
Chunk: 64

Company: GULF RESOURCES, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 64
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 found that some wells and channels were seriously
damaged by water seepage which in turn required write-off or new construction, and the write-off amount is $29,169,008.

Net Income (loss) Net loss was $773,777
for the three-month period ended June 30, 2025, compared to a net loss of $33,097,918 in the same period in 2024.

Comparison of the Six-Month Period Ended
June 30, 2025 and 2024

    Six-Month Period Ended June 30, 2025 
    Six-Month Period Ended June 30, 2024 
    Percent Change Increase/ (Decrease)
  
    Net revenue 
    $9,948,232  
    $3,690,231  
     170%
  
    Cost of net revenue 
     (8,951,400) 
     (7,231,903) 
     24%
  
    Gross profit (loss) 
     996,832  
     (3,541,672) 
     (128%)
  
    Sales and marketing expenses 
     (19,855) 
     (18,124) 
     10%
  
    Direct labor and factory overheads incurred during plant shutdown 
     (3,953,582) 
     (5,449,192) 
     (27%)
  
    General and administrative expenses 
     (2,384,288) 
     (1,407,428) 
     69%
  
    Loss from operations 
     (5,360,893) 
     (10,416,416) 
     (49%)
  
    Interest income ,net 
     (39,172) 
     21,207  
     (285%)
  
    Other expense,net 
     (3,212) 
     (4,003) 
     (20%)
  
    Loss on disposal of property, plant and equipment 
     —  
     (29,169,008) 
     (100%)
  
    Loss before taxes 
     (5,403,277) 
     (39,568,220) 
     (86%)
  
    Income  tax benefit 
     —  
     2,478,170  
     —