Company: GURE
Filing Date: 2025-04-11
Form Type: 10-K
Source: 0001193805-25-000461
Chunk: 482

Company: GULF RESOURCES, INC.
Filing Date: 2025-04-11
Form: 10-K
Item: Item 7A
Chunk 482
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827,285)
  
    Net cash provided by (used in) operating activities 
     675,068  
     (32,751,851)

    CASH FLOWS FROM INVESTING ACTIVITIES 

    Purchase of property, plant and equipment 
     (60,526,213) 
     — 
  
    Interest-free loan lent to related parties 
     (25,275) 
     — 
  
    Net cash used in investing activities 
     (60,551,488) 
     — 

    CASH FLOWS FROM FINANCING ACTIVITIES 

    Repayment of finance leases obligation 
     (264,094) 
     (267,810)
  
    Proceeds from interest-free loan from a related party 
     14,854  
     — 
  
    Net cash used in financing activities 
     (249,240) 
     (267,810)

    EFFECTS OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 
     (2,023,072) 
     (2,982,659)
  
    NET DECREASE IN CASH AND CASH EQUIVALENTS 
     (62,148,732) 
     (36,002,320)
  
    CASH AND CASH EQUIVALENTS - BEGINNING OF YEAR 
     72,223,894  
     108,226,214 
  
    CASH AND CASH EQUIVALENTS - END OF YEAR 
    $10,075,162  
    $72,223,894 

F-6 

GULF RESOURCES, INC.

AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH
FLOWS (CONTINUED)

(Expressed in U.S. dollars)

    Years Ended December 31,

    2024 
    2023
  
    SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION 

    Cash paid during the year for: 

    Paid for taxes 
    $1,520,292  
    $6,413,065 
  
    Interest on finance lease obligation 
    $91,901  
    $96,914 
  
    Paid for Flood Prevention Project 
    $—  
    $48,384,711 
  
    SUPPLEMENTAL DISCLOSURE