{"schema_version":"secwatch.filing_event.v1","accession":"0001193805-23-001516","form_type":"8-K","ticker":"GURE","cik":"0000885462","company_name":"GULF RESOURCES, INC.","filed_at":"2023-11-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.250943+00:00","generated_at":"2026-06-07T23:40:57.575691+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Gulf Resources Q3 revenue down 74%, net loss of $1.78M on weak bromine pricing","bullets":["Q3 revenue fell 74% to $5.87M from $22.86M; net loss of $1.78M vs. profit of $8.97M YoY.","Net loss per share ($0.17) vs. earnings of $0.86; 9-month revenue down 51% to $23.17M.","Bromine revenue dropped 75% to $4.91M on 43% lower volume and 57% lower avg price ($3,237/tonne).","Cash at $103.8M ($9.95/share); shareholders' equity $260.7M ($24.99/share).","CEO cites weak Chinese construction demand and post-COVID excess inventory; delaying new factory approvals."],"urls":{"canonical":"https://secwatch.observer/filing/0001193805-23-001516","json":"https://secwatch.observer/filing/0001193805-23-001516.json","markdown":"https://secwatch.observer/filing/0001193805-23-001516.md","text":"https://secwatch.observer/filing/0001193805-23-001516.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/885462/000119380523001516/0001193805-23-001516-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/885462/000119380523001516/e619073_8k-gulf.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T23:40:57.575691+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"124c3ffc6f5764cdf3f11f904402d02341c2a8f8","claim":"GULF RESOURCES, INC. reported three months ended September 30, 2023 results: revenue $5,865,615, net income loss of $1,775,797, EPS ($0.17).","evidence_excerpt":"share. · Shareholders’ equity was $260,723,332 or $24.99* per share. Results for the Three Months Ended Sept. 30,2023 In the third quarter of 2023, revenue declined by 74% to $5,865,615 from $22,862,795. Specifically, Bromine revenues decreased by 75% to $4,908,152 from $19,845,773. The decrease in net revenues was primarily due to a 43% reduction in the volume","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/885462/000119380523001516/0001193805-23-001516-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended September 30, 2023"},{"label":"Revenue","value":"$5,865,615"},{"label":"Net income","value":"loss of $1,775,797"},{"label":"EPS","value":"($0.17)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"f5fb07369c76770a3823523630bf38b22c47a105","claim":"GULF RESOURCES, INC. reported nine months ended September 30, 2023 results: revenue $23,173,404, net income loss of ($3,015,360), EPS ($0.29).","evidence_excerpt":"the net loss per share was ($0.17*) compared to a net profit of $0.86*. Results for the 9 months Ended Sept. 30, 2023 Revenues over the 9 months declined by 51%, decreasing to $23,173,404 from $47,505,246. Specifically, bromine revenues also fell by 51% to $20,734,871 from $41,865,598. Notably, there was a 9% increase in bromine tonnes sold, reflecting the addition","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/885462/000119380523001516/0001193805-23-001516-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"nine months ended September 30, 2023"},{"label":"Revenue","value":"$23,173,404"},{"label":"Net income","value":"loss of ($3,015,360)"},{"label":"EPS","value":"($0.29)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}