Company: GURE
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001193805-25-001627
Chunk: 96

Company: GULF RESOURCES, INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 2
Chunk 96
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5 and 2024 was $0.

Natural gas segment

Cost of net revenue for
                                                                                              our natural gas segment for the three-month period ended September 30, 2025 and 2024 was $0 and 77, respectively. The decrease in
                                                                                              income was due to the fact that the relevant documents of the client were incomplete, which prevented us from continuing the
                                                                                              cooperation.

24 

Gross Profit (Loss). Gross profit
was $1,047,796 or12%, of net revenue for three-month period ended September 30, 2025, representing an increase of $2,877,047, as compared
to a gross loss of $1,829,251 or 82%, of net revenue for the same period in 2024.

    Gross Profit (Loss) by Segment 
    % Point Change

    Three-Month Period Ended 
    Three-Month Period Ended 
    of Gross

    September 30, 2025 
    September 30, 2024 
    Profit Margin
  
    Segment 
      
    Gross Profit (loss)  Margin 
      
    Gross Profit (loss) Margin 

    Bromine 
    $385,868  
     5% 
    $(2,222,775) 
     (141%) 
     146%
  
    Crude Salt 
     661,928  
     67% 
     376,588  
     58% 
     9%
  
    Chemical Products 
     —  
     —  
     —  
     —  
     — 
  
    Natural Gas 
     —  
     —  
     16,936  
     100% 
     — 
  
    Total Gross Profit (Loss) 
    $1,047,796  
     12% 
    $(1,829,251) 
     (82%) 
     47%

Bromine segment

For the three-month period ended September 30,
2025, the gross profit for our bromine segment was 5%, compared to gross loss margin of 141% in the three-month period ended September
30, 2024. The increase in gross profit margin was primarily attributable to the higher average selling price of bromine of $3,637 per
ton in the three-month period ended September 30, 2025 compared to $2