---
schema_version: "secwatch.filing_event.v1"
accession: "0001193805-23-001177"
form_type: "8-K"
ticker: "GURE"
cik: "0000885462"
company_name: "GULF RESOURCES, INC."
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T13:33:33.680966+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Gulf Resources reports Q2 net loss of $0.07/share; bromine prices down 74% from peak

## Summary
- Q2 net loss of $681,816 ($0.07 EPS) vs. profit of $3.9M ($0.37 EPS) a year ago; revenue fell 49% to $8.0M.
- Six-month net loss of $1.24M ($0.12 EPS); revenue $17.3M, down 30% YoY on weak bromine demand.
- Bromine price fell to RMB 18,000/tonne on June 30 from RMB 69,500 in Oct 2021; price since recovered 34% to RMB 24,200.
- Cash from operations of $11.0M in H1; cash balance $115.3M ($11.05/share); net net cash $97.2M ($9.32/share).
- Company delaying approval for two idle bromine factories and equipment delivery for Yuxin Chemical until market improves.

## SEC filing metadata
- accession: 0001193805-23-001177
- form_type: 8-K
- ticker: GURE
- cik: 0000885462
- company_name: GULF RESOURCES, INC.
- filed_at: 2023-08-14T23:59:59+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/885462/000119380523001177/0001193805-23-001177-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885462/000119380523001177/e618873_8k-gulf.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193805-23-001177
- JSON: https://secwatch.observer/filing/0001193805-23-001177.json
- Plain text: https://secwatch.observer/filing/0001193805-23-001177.txt

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