secwatch.observer — SEC 8-K summary
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Issuer:     GULF RESOURCES, INC. (GURE)
CIK:        0000885462
Form:       8-K
Filed at:   2022-08-15T23:59:59+00:00
Accession:  0001193805-22-001179
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gulf Resources Q2 net income $3.9M ($0.37 EPS) vs loss of $2.7M; revenue up 41% to $15.7M
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- Q2 revenue $15.7M (+41% YoY); net income $3.9M vs loss $2.7M; EPS $0.37 vs loss $0.26.
- Bromine avg selling price $7,740/tonne (up from $5,556), segment revenue +38% to $13.9M.
- Chemical factory delayed; $0 revenue; $45.6M spent on construction; total cost est. $69M.
- Three factories (No.2,8,10) remain closed; hope to reopen one in 2022, another early 2023.
- Cash $79.1M, book value $26.32/share, invested $32.8M in bromine wells and infrastructure.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885462/000119380522001179/0001193805-22-001179-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885462/000119380522001179/e621872_8k-gulf.htm
  HTML page:      https://secwatch.observer/filing/0001193805-22-001179

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer