---
schema_version: "secwatch.filing_event.v1"
accession: "0001193805-23-000427"
form_type: "8-K"
ticker: "GURE"
cik: "0000885462"
company_name: "GULF RESOURCES, INC."
filed_at: "2023-03-31T23:59:59+00:00"
generated_at: "2026-06-17T08:46:33.356628+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Gulf Resources FY2022 net income $1.00/share vs loss $0.09; bromine prices down ~40% in 2023

## Summary
- Revenue up 20% to $66.1M; net income $10.1M vs loss $0.9M in 2021.
- Bromine segment revenue +21% to $59.0M; avg selling price +14%, volume +6%.
- Cash $108.2M ($10.37/share); working capital $107.6M; net net cash $8.38/share.
- Bromine prices declined ~40% since early 2023; no 2023 guidance provided.
- Yuxin chemical factory delayed; expects 3-4 months installation, then testing and approvals.

## SEC filing metadata
- accession: 0001193805-23-000427
- form_type: 8-K
- ticker: GURE
- cik: 0000885462
- company_name: GULF RESOURCES, INC.
- filed_at: 2023-03-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/885462/000119380523000427/0001193805-23-000427-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885462/000119380523000427/e618425_8k-gulf.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193805-23-000427
- JSON: https://secwatch.observer/filing/0001193805-23-000427.json
- Plain text: https://secwatch.observer/filing/0001193805-23-000427.txt

## Key facts
- Earnings Releases
  GULF RESOURCES, INC. reported fiscal year ended December 31, 2022 results: revenue $66,094,486, net income $10,059,450, EPS $1.00.
  - Period: fiscal year ended December 31, 2022
  - Revenue: $66,094,486
  - Net income: $10,059,450
  - EPS: $1.00
  - Result: reported results
  source text: During 2022, revenues increased 20% to $66,094,486.
  evidence_url: https://www.sec.gov/Archives/edgar/data/885462/000119380523000427/0001193805-23-000427-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.