secwatch.observer — SEC 8-K summary
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Issuer:     GULF RESOURCES, INC. (GURE)
CIK:        0000885462
Form:       8-K
Filed at:   2023-11-20T23:59:59+00:00
Accession:  0001193805-23-001516
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885462/000119380523001516/0001193805-23-001516-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885462/000119380523001516/e619073_8k-gulf.htm
  HTML page:      https://secwatch.observer/filing/0001193805-23-001516

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