---
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"
generated_at: "2026-06-07T23:40:57.575691+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Gulf Resources Q3 revenue down 74%, net loss of $1.78M on weak bromine pricing

## Summary
- 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.

## SEC filing metadata
- 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
- 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/885462/000119380523001516/0001193805-23-001516-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/885462/000119380523001516/e619073_8k-gulf.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193805-23-001516
- JSON: https://secwatch.observer/filing/0001193805-23-001516.json
- Plain text: https://secwatch.observer/filing/0001193805-23-001516.txt

## Key facts
- Earnings Releases
  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).
  - Period: three months ended September 30, 2023
  - Revenue: $5,865,615
  - Net income: loss of $1,775,797
  - EPS: ($0.17)
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/885462/000119380523001516/0001193805-23-001516-index.htm
- Earnings Releases
  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).
  - Period: nine months ended September 30, 2023
  - Revenue: $23,173,404
  - Net income: loss of ($3,015,360)
  - EPS: ($0.29)
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/885462/000119380523001516/0001193805-23-001516-index.htm

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