Company: GURE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001193805-25-001184
Chunk: 58

Company: GULF RESOURCES, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 58
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(34,306,028) 
     (98%)
  
    Income tax benefit 
     —  
     1,208,110  
     — 
  
    Net Loss 
    $(773,777) 
    $(33,097,918) 
     (98%)

Net Loss of $773,777 for the three-month periods
ended June 30, 2025 was mainly attributable to increased General and administrative expenses.

Net Loss of $33,097,918 for the three-month periods
ended June 30, 2024 was mainly attributable to decreased sales and reduced margins. The company also suffered a loss of $29,169,008 on
retirement of fixed assets .

Net revenue.  The table
below shows the changes in net revenue in the respective segment of the Company for the three-month period ended June 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

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

    Bromine 
    $7,676,374  
     92% 
    $1,859,234  
     78% 
     313%
  
    Crude Salt 
     667,411  
     8% 
     523,935  
     22% 
     27%
  
    Chemical Products 
     —  
     —  
     —  
     —  
     — 
  
    Natural Gas 
     —  
     —  
     —  
     —  
     — 
  
    Total 
     8,343,785  
     100% 
     2,383,169  
     100% 
     250%
  
    Total sales 
    $8,343,785  
     100% 
    $2,383,169  
     100% 
     250%

    Three-Month Period Ended 
    Percentage Change
  
    Bromine and crude salt segments product sold in tonnes 
    June 30, 2025 
    June 30, 2024 
    Increase (Decrease