secwatch.observer — SEC 8-K summary
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Issuer:     GULF RESOURCES, INC. (GURE)
CIK:        0000885462
Form:       8-K
Filed at:   2022-04-13T23:59:59+00:00
Accession:  0001193805-22-000616
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gulf Resources FY2021 revenue surges 95%, gross profit up 217%; net loss narrows 89% to $0.9M
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- Full year 2021 revenue $55.0M (+95% YoY); gross profit $27.9M (+217%); net loss improved to $0.9M from $8.4M.
- Bromine segment revenue up 78% on 24% higher volume and 57% price increase; average selling price RMB 42,644.
- Q4 2021 net revenue $20.9M (+76.7%), but net loss of $1.1M vs profit of $0.3M a year ago due to $4.1M extra depreciation & $2.7M deferred tax charge.
- Cash from operations $23.3M; cash per share $9.15; working capital $101.5M; equity $286.6M.
- 2022 outlook: high bromine prices expected to continue; one or more closed factories may be re-opened; chemical factory production likely in 2023, cost overrun ~$5M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885462/000119380522000616/0001193805-22-000616-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885462/000119380522000616/e621546_8k-gulf.htm
  HTML page:      https://secwatch.observer/filing/0001193805-22-000616

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