Gulf Resources Inc. Reports 23% Revenue Increase, Net Loss of $4.63M, EPS at $(0.40) for Q1 2025

Reuters
14 May
Gulf Resources Inc. Reports 23% Revenue Increase, Net Loss of $4.63M, EPS at $(0.40) for Q1 2025

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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gulf Resources Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193805-25-000641), on May 13, 2025, and is solely responsible for the information contained therein.

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