Gulf Resources, Inc., a leading manufacturer of bromine, crude salt, and specialty chemical products in China, reported its unaudited financial results for the first quarter of 2025. The company experienced a 23% increase in net revenues, reaching $1.604 million compared to $1.307 million in the same period last year. The cost of revenue decreased by 25%, from $2.120 million to $1.594 million. Despite these improvements, Gulf Resources reported a net loss of $4.630 million, compared to a net loss of $3.992 million in the first quarter of 2024. The gross profit for the quarter was $10,177, a turnaround from the previous year's gross loss of $812,783. Sales and Marketing expenses increased by 13% to $5,053. The direct labor and factory overheads incurred during plant shutdowns decreased by 14% to $3.226 million from $3.735 million in the previous year. These figures highlight the company's efforts to navigate through challenging times and their investments in environmental and flood controls, as well as securing crude salt fields to support future production as market conditions improve.
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