Welcome to our dedicated page for Gulf Resource news (Ticker: GURE), a resource for investors and traders seeking the latest updates and insights on Gulf Resource stock.
Gulf Resources Inc (GURE) operates as a key manufacturer of bromine, crude salt, and specialty chemicals serving oil & gas, water treatment, and industrial sectors. This page aggregates official press releases and verified news about the company’s operational developments, financial disclosures, and market activities.
Investors and industry professionals will find timely updates on production milestones, regulatory filings, and strategic initiatives. Content spans earnings announcements, manufacturing capacity changes, product innovations, and resource management updates relevant to chemical industry stakeholders.
All materials are sourced directly from company communications or reputable financial publications. The curated collection enables efficient tracking of GURE’s performance in bromine production, natural gas exploration developments, and crude salt trade dynamics.
Bookmark this page for streamlined access to Gulf Resources’ latest disclosures. Check regularly for updates impacting chemical sector investments and industrial supply chain analysis.
Gulf Resources (Nasdaq: GURE) announced its fiscal year 2022 results, revealing a 20% revenue increase to $66,094,486. Gross profits rose 34% to $37,425,334, while operating profits surged 216% to $16,481,696. The company reported a net income of $1.00 per share, recovering from a loss of ($0.09) in 2021. Despite a significant foreign currency adjustment of ($24,886,118), cash on hand improved by $12,458,951 to $108,226,214. The bromine segment continued to perform well with a 21% revenue increase, while the crude salt sector showed a return to profitability. Management highlighted future growth potential despite current challenges.
Gulf Resources, Inc. (Nasdaq:GURE) will host a conference call on April 3, 2023, at 08:00 AM ET to discuss its Q4 and Fiscal Year 2022 results, which ended December 31, 2022. CEO Xiaobin Liu will lead the call, followed by a Q&A session. Participants can join via phone or webcasting. A replay will be available two hours post-call, expiring April 10, 2023.
The company operates four subsidiaries focusing on bromine, crude salt, and specialty chemicals, positioning itself as one of China’s largest bromine producers.
Gulf Resources (NASDAQ: GURE) provided an update on its Yuxin Chemical Factory, reporting substantial progress in construction and equipment acquisition. Key refrigeration and air compressor units have been received, although delays in environmental equipment deliveries persist due to COVID-19 and heightened governmental safety regulations. Despite potential future delays, the company believes these will not impact long-term sales or profits. Once all equipment is installed, expected timelines include 3-4 months for installation, followed by testing for 2-3 months, application for approvals, and a further 4 months for trial production before starting commercial operations.
