Gulf Resources

Gulf Resources, Inc. is a holding company that engages in the manufacture of chemical products. It operates through the following segments: Bromine, Crude Salt, Chemical Products, and Natural Gas. It produces and trades bromine, crude salt and natural gas, and manufactures and sells chemical products used in oil and gas field exploration, oil and gas distribution, and oil field drilling. The firm also supplies papermaking chemical agents, inorganic chemicals, and manufactures materials for human and animal antibiotics. The company was founded by Ming Yang on February 28, 1989 and is headquartered in Shouguang, China.

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q2 2024

Earnings data Q1 2024

Earnings data Q3 2024

Earnings data Q4 2023

Gulf Resources reports Q3 revenue decline, shifts focus for growth

Gulf Resources faced revenue declines and operational losses in bromine and crude salt segments during Q3 2024.
Management's decision to postpone investments in certain projects reflects a strategic shift towards sustainable growth.
The company aims to address challenges in its bromine business and capitalize on opportunities through partnerships and strategic planning.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

SHOUGUANG, China, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq: GURE) ("Gulf Resources", “we,” or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China today announced the following press release to provide investors with a detailed overview of the key factors impacting our bromine segment, specifically focusing on how changes in both pricing and volume have influenced performance.

Gulf Resources Provides Detailed Overview of the Economics of its Bromine Segment

SHOUGUANG, China, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq: GURE) ("Gulf Resources", “we”, or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China today issued a press release related to the purchase of additional land for salt fields and bromine.

Gulf Resources Announces Press Release Regarding Acquisition of Salt Fields

SHOUGUANG, China, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq: GURE) ("Gulf Resources", “we,” or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China today announced its unaudited financial results for the nine and three months ended September 30, 2024.

Gulf Resources Announces Third Quarter and Nine Months 2024 Unaudited Financial Results

SHOUGUANG, China, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (NASDAQ: GURE) (“Gulf Resources” or the “Company”), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that on August 20, 2024, it received a notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that due to the Company's failure to timely file its Quarterly Report on Form 10-Q for the period ended June 30, 2024, with the Securities and Exchange Commission (the “SEC”), the Company is not in compliance with Nasdaq's continued listing requirements under Nasdaq Listing Rule 5250(c)(1) (the “Rule”), which requires the timely filing of all required periodic reports with the SEC. The Notice indicates that as a result of this additional delinquency, the Company must submit an update to its original plan to regain compliance with respect to the filing requirements. The Company has until September 4, 2024 to submit such update to Nasdaq.

Gulf Resources Announces Receipt of Nasdaq Non-Compliance Notice

SHOUGUANG, China, July 08, 2024 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq: GURE) ("Gulf Resources", “we,” or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced it had received a letter from NASDAQ granting the Company an extension until October 14, 2024 to regain compliance with NASDAQ's listing rules.

Gulf Resources Receives Extension from NASDAQ to Regain Compliance

SHOUGUANG, China, July 03, 2024 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq: GURE) (“Gulf Resources”, “we,” or the “Company”), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that its wholly owned subsidiary, Shouguang Hengde Salt Industry Co. Ltd (“SHSI”), entered into a series of agreements to acquire crude salt fields for an aggregate price of RMB280,762,000 (approximately US$38,619,257 based on the current exchange rate on July 3, 2024).

Gulf Resources Announces the Signing of Agreements to Acquire Crude Salt Fields

SHOUGUANG, China, Feb. 09, 2024 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq: GURE) (“Gulf Resources” or the “Company”), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced it would like to update shareholders on the status of the Yuxin Chemical factory.

Gulf Resources Provides Update on the Yuxin Chemical Factory

SHOUGUANG, China, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq: GURE) (“Gulf Resources” or the “Company”), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that it has completed its approximately $50 million flood prevention project recently. This project was implemented for safeguarding its bromine facilities.

Gulf Resources Announces the Completion of the Flood Prevention Project

SHOUGUANG, China, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq: GURE) ("Gulf Resources" or the "Company"), today announced that it received notification from the government of Shouguang City on December 22, 2023, pursuant to which its all bromine and crude salt facilities will be temporarily closed from December 25, 2023 to February 20, 2024. To comply with such notification, the Company expects to temporarily halt production during this period.

Gulf Resources Announces the Receipt of Governmental Notification to Temporarily Close Bromine Facilities

SHOUGUANG, China, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq: GURE) (“Gulf Resources” or the “Company”), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that on December 20, 2023, three members of management of the Company, namely Xiaobin Liu (Chief Executive Officer), Naihui Miao (Chief Operating Officer) and Min Li (Chief Financial Officer), each entered into an equity interest transfer agreement, pursuant to which each agreed to sell 110,000 shares of common stock of the Company to a third party for a purchase price of $2.50 per share in a privately negotiated transaction. The transactions are anticipated to close in January 2024. The buyer is a local Chinese investor with knowledge of the bromine industry.

Gulf Resources Announces Management Sale of Shares

Millennium Group International Holdings Ltd

Northern Technologies

Sibanye Stillwater

United States Antimony

The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.

Top 5 Materials Stocks That May Rocket Higher In November - Gulf Resources (NASDAQ:GURE), Millennium Group Intl (NASDAQ:MGIH)

Gulf Resources, Inc. (NASDAQ:GURE ) Q3 2023 Earnings Call Transcript November 20, 2023 7:30 PM ET Company Participants Helen Xu - Director of Investor Relations Xiaobin Liu - Chief Executive Officer Operator Greetings. Welcome to the Gulf Resources Third Quarter 2023 Earnings Conference.

Gulf Resources, Inc. (GURE) Q3 2023 Earnings Call Transcript

SHOUGUANG, China, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Gulf Resources (NASDAQ:GURE) a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced its financial results for the three and nine months ended September 30, 2023.

Gulf Resources Reports Unaudited Financial Results for Three and Nine Months Ended September 30,2023

SHOUGUANG, China, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq:GURE) ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that it has recently initiated its preventive measures for safeguarding its bromine facilities.

Gulf Resources Announces Its Flood Prevention Plan

SHOUGUANG, China, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq:GURE) ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, recently disclosed proposed management changes to come into effect during the Company's annual meeting of shareholders which is to be hold on November 30, 2023 (the “Annual Meeting”), in a Form 8-K filed with the SEC on October 3, 2023. This information was reiterated to ensure shareholders were informed, given the possibility that some may have missed the initial 8-K filing.

Gulf Resources Announces Management Changes

SHOUGUANG, China, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq:GURE) ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that the Company has filed a Form 12b-25 Notification of Late Filing because it is unable to file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2023 (the "Form 10-Q") by November 14, 2023, the original due date for such filing..

Gulf Resources Files Form 12b-25 Notification of Late filing

SHOUGUANG, China, Sept. 04, 2023 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq:GURE) ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that it has updated the letter from Chief Executive Officer on its website.

Gulf Resources Announces it has updated the letter from Chief Executive Officer on its website

Flexible Solutions

Jerash holdings (US) Inc

The Marygold Companies 

RF Industries

Ultrapar Participacoes S.A.

Wah Fu Education Group Ltd

Trigger warning for Los Angeles Angels fans: the case for high-growth stocks to buy under $5 can perhaps best be made by the Seattle Mariners' Cade Marlowe. A few weeks ago, if you responded with who?

7 High-Growth Stocks Under $5 for Aggressive Investors

Gulf Resources, Inc. (NASDAQ:GURE ) Q2 2023 Earnings Conference Call August 14, 2023 8:00 PM ET Company Participants Helen Xu - Director of Investor Relations Xiaobin Liu - Chief Executive Officer Conference Call Participants Operator Greetings. Welcome to the Gulf Resources Second Quarter 2023 Earnings Conference.

Gulf Resources, Inc. (GURE) Q2 2023 Earnings Call Transcript

SHOUGUANG, China, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq: GURE) ("Gulf Resources", “we,” or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced financial results for the second quarter and six months ending June 30, 2023. At the end of this press release you will see our income statement, balance sheet, and cash flow statement. Our 10-Q filed with the SEC describes all the business segments of the company.

Gulf Resources Announces Results for the Second Quarter and Six Months Ending June 30, 2023

SHOUGUANG, China, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq:GURE) ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that the Company will host a conference call on Monday, August 14, 2023 at 08:00 PM Eastern Time to discuss its Second Quarter 2023 results ended June 30, 2023.

Gulf Resources Announces Conference Call to Discuss its Second Quarter 2023 Results

HF Sinclair Corp

FutureFuel

Mosaic

Northwest Pipe

Sensus Healthcare

Although there's some merit in assuming that strength may beget more strength, targeting undervalued stocks may represent a more sensible option at the moment. With the Federal Reserve mulling a possible interest rate hike, market participants should really prep for investing in downturn cycles.

7 Undervalued Stocks Ready for a Bounce Back

Cal-Maine Foods

SIGA Technologies

In the game of baseball, few events are more frustrating than watching a substandard player make woefully unproductive hacks at the plate, which brings us to the concept of acquiring stocks near 52-week lows. While contrarian sentiment suggests red ink actually means green lights, the opposite tends to be true.

Bottom Fishing: 3 Stocks Near Their 52-Week Lows Angling for a Bounce Back

Simulations Plus

Tencent Music Entertainment Group 

Ternium

Epsilon Energy Ltd

Inmode Ltd

NuScale Power Corp

While it's a general rule of thumb that you get what you pay for, in the market, you can sneak in some overlooked compelling discounts, which might be the case with the below best affordable stocks to invest in. With a price tag under $50, these enterprises facilitate approachability while also delivering on the quality or relevance components.

7 Stocks Under $50 to Buy (and Never Sell)

Gulf Resources, Inc. (NASDAQ:GURE ) Q1 2023 Earnings Conference Call May 16, 2023 8:00 AM ET Company Participants Helen Xu - IR Director Xiaobin Liu - CEO Conference Call Participants Operator Good morning, everyone, and welcome to Gulf Resources First Quarter 2023 Earnings Conference Call. At this all participants are in a listen-only mode.

Gulf Resources, Inc. (GURE) Q1 2023 Earnings Call Transcript

News for Gulf Resources Stock (GURE)