Company: GURE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001193805-25-001184
Chunk: 97

Company: GULF RESOURCES, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 2
Chunk 97
---
5 
     31,506  
    8%
  
    Variance of the six-month period ended June 30, 2025 and 2024 
     —  
    4%

    (i)
    Utilization ratio is calculated based on the annualized actual production volume in tonnes for the periods divided by the annual production capacity in tonnes.

Bromine segment

For the six-month period ended June 30, 2025,
the cost of net revenue for the bromine segment was $8,549,943.

For the six-month period ended June 30, 2024,
the cost of net revenue for the bromine segment was $6,801,811.

Crude salt segment

For the six-month period ended June 30, 2025,
the cost of net revenue for the crude salt segment was $401,457.

For the six-month period ended June 30, 2024,
the cost of net revenue for the crude salt segment was $429,893.

Chemical products segment

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

Natural gas segment

Cost of net revenue for our natural gas segment
for the six-month period ended June 30, 2025 and 2024 was $0 and $199, respectively.

Gross Profit (Loss). Gross profit
was $996,832, or 10%, of net revenue for six-month period ended June 30, 2025 compared to a loss of $3,541,672, or 96%, of net revenue
for the same period in 2024.

    Gross Profit (Loss) by Segment 
    % Point Change

    Six-Month Period Ended 
    Six-Month Period Ended 
    of Gross

    June 30, 2025 
    June 30, 2024 
    Profit Margin
  
    Segment 
      
    Gross Profit (loss) Margin 
      
    Gross Profit (Loss) Margin 

    Bromine 
    $608,300  
     6.7% 
    $(3,796,380) 
     (126%) 
     132.7%
  
    Crude Salt 
     388,532  
     49.2% 
     210,713  
     33% 
     16.2%
  
    Chemical Products