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

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Earnings data Q4 2021

Earnings data Q1 2022

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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.

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SHOUGUANG, China, May  27, 2020  (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (NASDAQ: GURE ) ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt, specialty chemical products, and natural gas in China today announced it received final approval for the construction of its new Shouguang Yuxin Chemical factory on May 25,2020 due to the COVID-19 in China and the Company commenced the construction at Bohai Marine Fine Chemical Industry Park, Shouguang City on May 26, 2020.

Gulf Resources Announces Receipt of Final Approval for Construction of its Shouguang Yuxin Chemical Factory

Gulf Resources' (GURE) CEO Xiaobin Liu on Q1 2020 Results - Earnings Call Transcript

SHOUGUANG, China, May  20, 2020  (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (NASDAQ: GURE ) ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt, specialty chemical products, and natural gas in China today announced results for the first quarter ended March 31, 2020 and provided a business update on events occurring after the end of the first quarter 2020.

Gulf Resources Announced First Quarter 2020 Results and Provided Business Update on Post Quarter Events

SHOUGUANG, China, May  07, 2020  (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 its Factories #4 and #9 commenced commercial production on May 6, 2020.

Gulf Resources Announces Bromine Factories #4 and #9 Commencing Commercial Production

SHOUGUANG, April  06, 2020  (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 Factories #1 and #7 the Company commenced commercial production of bromine and crude salt on April 3, 2020.

Gulf Resources, Inc. Announced Bromine Factories #1 and #7 Commencing Commercial Production

SHOUGUANG, China, March  30, 2020  (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 filed a Form 12b-25 to the Securities and Exchange Commission in order to extend the due date of its annual report on Form 10-K for fiscal 2019 (the “Annual Report”) for fifteen days, as permitted by Rule 12b-25 under the Securities Exchange Act of 1934.

Gulf Resources Files Form 12b-25

SHOUGUANG, China, March  09, 2020  (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 received further notification from Shouguang Yangkou Town People’s Government allowing it to resume production at its factories No. 1, No. 4, No, 7 and No. 9.

Gulf Resources Announces Receipt of Governmental Approval to Resume Production at Bromine Factories No. 1, No. 4, No.

SHOUGUANG, China, Feb.  28, 2020  (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 received a notification from the government of Shouguang City, pursuant to which the Company’s bromine facilities has been allowed to resume production.

Gulf Resources Announces the Receipt of Governmental Notification to Resume Production for Its Bromine Facilities

SHANDONG, China, Feb.  12, 2020  (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that it received notice from The Nasdaq Stock Market LLC ("Nasdaq") on February 11, 2020 indicating that the Company has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5450(a)(1) (the "Bid Price Rule") for continued listing on The Nasdaq Global Select Market. Accordingly, the Company has regained compliance with the Bid Price Rule and Nasdaq considers the matter closed.

Gulf Resources, Inc. Regains Compliance with Nasdaq Minimum Bid Price Requirement

SHOUGUANG, China, Jan.  24, 2020  (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that on January 23, 2020, it received a letter from the Nasdaq Stock Market Listing Qualifications Staff (the “Staff”) dated January 23, 2020 notifying that the Company has regained compliance with the shareholder approval requirements set forth in Nasdaq Listing Rule 5635(c) in connection with shares issued to a consultant, based on the Staff’s review of the Company’s submitted materials.

Gulf Resources, Inc. Regains Compliance with Nasdaq Shareholder Approval Requirements

SHANDONG, China, Dec.  20, 2019  (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 19, 2019, it received a letter from The NASDAQ Stock Market LLC ("NASDAQ") notifying the Company that, as a result of the election of Mr. Shengwei Ma to the Company’s Board of Directors on December 18, 2019, and appointment to the audit committee of the Company as detailed in the Company’s Proxy Statement dated November 1, 2019, the Company has regained compliance with the independent director and audit committee requirements for continued listing on The NASDAQ Global Select Market as set forth in NASDAQ Listing Rules 5605(b)(1) and 5605(c)(2). With Mr. Ma's election to the Company's Board of Directors as an independent director and appointment to the audit committee of the Company, the Company's Board of Directors is again comprised of a majority of independent directors and the Company’s audit committee is again comprised of three independent directors.

Gulf Resources, Inc. Regains Compliance with NASDAQ Independent Director and Audit Committee Requirements

SHOUGUANG, China, Dec.  12, 2019  (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 received a notification from the government of Shouguang City, pursuant to which all bromine facilities in Shouguang City will be closed until February 10,2020.

Gulf Resources Announces the Receipt of Governmental Notification to Temporarily Close Bromine Facilities Until February 10, 2020

SHOUGUANG, China, Nov.  29, 2019  (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 clarified the possible effect of the proposed reverse stock split on the Company’s proposed 2019 Omnibus Equity Incentive Plan.

Gulf Resources Clarifies the Possible Effect of the Proposed Reverse Stock Split on the Company’s Proposed 2019 Omnibus Equity Incentive Plan

SHOUGUANG, China, Nov.  06, 2019  (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 the nomination of Mr. Shengwei Ma to be an independent director of the Company. Mr. Ma has served as a Department Manager of Shouguang City Urban Construction and Investment Group since 2012. Mr. Ma holds a Senior Account Certificate. He graduated from Central Broadcasting and Television University with a bachelor’s degree in accounting in 2004.

Gulf Resources Announces the Nomination of Mr. Shengwei Ma to be an Independent Director

SHOUGUANG, China, Sept.  24, 2019  (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 the Damages and Rectification Plan from Typhoon Lekima.

Gulf Resources Announces Damages and Rectification Plan From Typhoon Lekima

Gulf Resources, Inc. (GURE) Management on Q2 2019 Results - Earnings Call Transcript

Gulf Resources (GURE) CEO Xiaobin Liu on Q1 2019 Results - Earnings Call Transcript

Gulf Resources Inc. (GURE) CEO Xiaobin Liu on Q4 2018 Results - Earnings Call Transcript

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