Company: GURE
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001193805-25-001627
Chunk: 100

Company: GULF RESOURCES, INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 2
Chunk 100
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%
  
    Cost of net revenue 
     (16,948,185) 
     (11,303,519) 
     50%
  
    Gross profit (loss) 
     2,044,628  
     (5,370,923) 
     (138%)
  
    Sales and marketing expenses 
     (35,868) 
     (31,608) 
     13%
  
    Direct labor and factory overheads incurred during plant shutdown 
     (4,533,760) 
     (7,185,537) 
     (37%)
  
    General and administrative expenses 
     (3,169,821) 
     (2,409,957) 
     32%
  
    Loss from operations 
     (5,694,821) 
     (14,998,025) 
     (62%)
  
    Interest income ,net 
     (56,378) 
     6,236  
     804%
  
    Other expense,net 
     (3,524,825) 
     (4,003) 
     880%
  
    Loss from asset disposal 
     (2,008,853) 
     (29,169,008) 
     (93%)
  
    Impairment of long-lived assets  
     (29,782,912) 
     —  
     — 
  
    Loss before taxes 
     (41,067,789) 
     (44,164,800) 
     (7%)
  
    Income tax benefit (expense) 
     —  
     3,581,867  
     (100%)
  
    Net loss 
    $(41,067,789) 
    $(40,582,933) 
     1%

27 

Net revenue.  The table
below shows the changes in net revenue in the respective segment of the Company for the nine-month period ended September 30, 2025 as
compared to the same period in 2024:

    Net Revenue by Segment

    Nine-Month Period Ended
     
    Nine-Month Period Ended
     
    Percent Increase 

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

    % of