secwatch.observer — SEC 8-K summary
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Issuer:     GULF RESOURCES, INC. (GURE)
CIK:        0000885462
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001193805-22-001536
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gulf Resources Q3 revenue up 29% to $22.9M, EPS $0.86; guides Q4 bromine/crude salt rev $15.4-16.8M
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- Q3 net income $8.97M (+66% YoY); EPS $0.86 vs $0.52; 9-month EPS $1.22 vs $0.02.
- Bromine revenue +33% to $19.8M on 26% higher avg price ($7,474/tonne vs $5,938).
- Factory #8 preparing for production; revenues expected in Q4; factories #2/#10 status uncertain.
- Q4 bromine/crude salt guidance: rev $15.4-16.8M, profit before tax $3.8-4.2M, both down 16-26%.
- Chemical factory opening delayed to early 2024 due to COVID supply chain disruptions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885462/000119380522001536/0001193805-22-001536-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885462/000119380522001536/e618017_8k-gulf.htm
  HTML page:      https://secwatch.observer/filing/0001193805-22-001536

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