secwatch.observer — SEC 8-K summary
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Issuer:     GULF RESOURCES, INC. (GURE)
CIK:        0000885462
Form:       8-K
Filed at:   2023-03-31T23:59:59+00:00
Accession:  0001193805-23-000427
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885462/000119380523000427/0001193805-23-000427-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885462/000119380523000427/e618425_8k-gulf.htm
  HTML page:      https://secwatch.observer/filing/0001193805-23-000427

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