Gulf Resources 株価情報 (NASDAQ: GURE)

最新ニュース Gulf Resources (NASDAQ:GURE) 株価情報

Gulf

Gulf Resources Inc is a holding company engaged in the manufacture and trade of bromine and crude salt, and natural gas; manufactures and sells chemical products used in oil and gas field exploration, oil and gas distribution, oil field drilling, wastewater processing, papermaking chemical agents and inorganic chemicals, and manufactures and sells materials for human and animal antibiotics. It operates in four segments: Bromine, Crude Salt, Chemical Products and Natural Gas. It derives maximum revenue from the Bromine segment which is commonly used in brominated flame retardants, fumigants, water purification compounds, dyes, medicines and disinfectants.

Gulf Resources

Gulf Resources Inc

WIIM

GURE

Gulf Resources shares are trading lower after the company provided business updates, including a net loss on revenues.

Gulf Resources, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GURE#NASDAQ">GURE</a>) ("Gulf Resources," "we," or the "Company"), a leading manufacturer of bromine, crude salt, and specialty chemical products in China, today issued a press release providing an update on its bromine segment.
In 2024, our bromine segment reported a net loss of $8,200,236 on revenues of $5,549,815. Two primary factors contributed to this loss. First, bromine prices were significantly depressed. The average price for 2024 was RMB 17,561, representing a decline of 27.1% from 2023 and 67.3% from 2022.
Due to these unfavorable market conditions, the Company intentionally scaled back bromine sales. As a result, sales volume dropped by 71.7% year-over-year. This sharp decline in volume led to a substantial increase in the cost per tonne—up 83.4%—as fixed costs and overhead expenses had to be spread across a much smaller production base.
As demonstrated in the table below, the profitability of our bromine segment is highly sensitive to both market prices and production volumes. With fixed costs and overhead remaining relatively constant, a decline in either factor has a significant impact on the segment's financial performance.

News

Gulf Resources Reports $8.2M Net Loss On Revenues Of ~$5.55M In 2024 Bromine Segment As Depressed Prices And Strategic Sales Reduction Lead To 71.7% Volume Drop And 83.4% Cost Surge, Highlighting Sensitivity To Market Conditions And Fixed Overhead Impact; Says "For The Remainder Of 2025, At Current Levels, Our Bromine Segment Is Expected To Be Highly Profitable And Generate Strong Free Cash Flow"

Shares of Calix, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CALX#NYSE">CALX</a>) rose sharply in today's pre-market trading as the company reported better-than-expected first-quarter financial results and issued strong <a href="https://in.benzinga.com/news/buybacks/25/04/44911715/calix-stock-jumps-on-strong-q1-earnings-100-million-buyback-increase">second-quarter guidance</a>.
After market close on Monday, cloud and managed services company Calix announced that its board increased its buyback authorization by an additional $100 million, bringing the total repurchase authorization up to $162.9 million.
Calix reported first-quarter revenue of $220.24 million, beating analyst estimates of $206.98 million. The company reported first-quarter adjusted earnings of 19 cents per share, beating estimates of 13 cents per share, according to Benzinga Pro.
Calix shares jumped 13.1% to $37.61 in pre-market trading
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<h3 class="wp-block-heading">Losers</h3>
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<li>MKDWELL Tech Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKDW#NASDAQ">MKDW</a>) fell 43.5% to $0.22 in pre-market trading after jumping over 70% on Monday.</li>
<li>TNL Mediagene (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TNMG#NASDAQ">TNMG</a>) fell 36.7% to $0.1857 in pre-market trading after declining 5% on Monday.</li>
<li>SHF Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHFS#NASDAQ">SHFS</a>) shares fell 22.2% to $3.26 in pre-market trading after jumping around 96% on Monday.</li>
<li>Outset Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OM#NASDAQ">OM</a>) shares tumbled 16.8% to $8.30 in pre-market trading. Outset Medical will release financial results for the first quarter after the close of trading on Wednesday, May 7.</li>
<li>National Energy Services Reunited Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NESR#NASDAQ">NESR</a>) shares fell 16.4% to $5.00 in pre-market trading.</li>
<li>INmune Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INMB#NASDAQ">INMB</a>) fell 16.1% to $6.11 in pre-market trading.</li>
<li>Gulf Resources, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GURE#NASDAQ">GURE</a>) shares dipped 11.7% to $0.6890 in pre-market trading after dipping over 17% on Monday.</li>
<li>USA Rare Earth, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USAR#NASDAQ">USAR</a>) declined 9.3% to $10.65 in pre-market trading. USA Rare Earth will release financial results for the first quarter, after the closing bell on Wednesday, May 14.</li>
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<li>SITE Centers Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SITC#NYSE">SITC</a>) dipped 5.7% to $11.01 in pre-market trading.</li>
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Why Calix Shares Are Trading Higher By 13%; Here Are 20 Stocks Moving Premarket

Shares of Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) rose sharply in today's pre-market trading <a href="https://in.benzinga.com/general/entertainment/25/04/44877995/netflix-crushes-q1-says-its-working-hard-to-improve-and-expand-its-offering">following first-quarter results</a>.
Netflix reported stronger-than-expected first-quarter financial results after the closing bell on Thursday. The company said it expects second-quarter revenue of $11.04 billion and earnings per share of $6.61.
Netflix shares jumped 3% to $1,002.59 in pre-market trading
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>SHF Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHFS#NASDAQ">SHFS</a>) rose 79% to $3.83 in pre-market trading after gaining 18% on Thursday. SHF Holdings announced a strategic partnership with FundCanna to expand access to capital for cannabis operators.</li>
<li>Aptevo Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APVO#NASDAQ">APVO</a>) surged 53.2% to $1.32 in pre-market trading.</li>
<li>Gulf Resources, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GURE#NASDAQ">GURE</a>) gained 51.1% to $1.43 in pre-market after gaining 14% on Thursday.</li>
<li>Intelligent Protection Management Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPM#NASDAQ">IPM</a>) gained 28.1% to $2.14 in pre-market trading after falling around 4% on Thursday.</li>
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<li>Telecom Argentina S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEO#NYSE">TEO</a>) jumped 21.4% to $13.29 in pre-market trading.</li>
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<li>American Assets Trust, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAT#NYSE">AAT</a>) fell 58% to $8.01 in pre-market trading. American Assets Trust will announce its first quarter earnings after the market closes on Tuesday, April 29.</li>
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Gulf (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GURE#NASDAQ">GURE</a>) reported quarterly losses of $(0.33) per share. This is a 94.12 percent decrease over losses of $(0.17) per share from the same period last year. The company reported $2.24 million in sales this quarter. This is a 61.77 percent decrease over sales of $5.87 million the same period last year.

Earnings

Gulf Q3 EPS $(0.33) Down From $(0.17) YoY, Sales $2.24M Down From $5.87M YoY

Gulf Resources shares are trading lower after the company received a Nasdaq listing notice for a late Q2 filing.

Gulf Resources Receives Nasdaq Notice For Late Filing Of Q2 2024 10-Q Report, Must Submit Updated Compliance Plan By September 4, 2024

Gulf Resources Granted Extension From Nasdaq To Regain Compliance

Gulf Resources, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GURE#NASDAQ">GURE</a>) shares are trading lower by 10.4% to $1.08 during Friday&#8217;s session. The stock is trading lower, pulling back following Wednesday&#8217;s strength, after the company announced the <a href="https://www.benzinga.com/pressreleases/24/07/g39616066/gulf-resources-announces-the-signing-of-agreements-to-acquire-crude-salt-fields">signing of agreements to acquire crude salt fields</a>.
<h2 class="wp-block-heading">What Happened?</h2>
Subsidiary Shouguang Hengde Salt Industry agreed to purchase crude salt fields in China for RMB280,762,000 (about USD $38,619,257). The acquisition involves 5 parcels totaling 5,141,000 square meters (approximately 1,270 acres).
80% of the payment (RMB224,609,600 or approximately USD $30,895,406) will be made in cash upon signing, with the remaining 20% paid in company shares within three months, post-inspection. This acquisition will allow Gulf Resources to reopen two bromine factories and drill more wells, with production expected to start in the first half of 2025.
CEO Xiaobin Liu expressed satisfaction with the agreements, highlighting the potential to increase production and ensure flood protection for their facilities. Despite China&#8217;s economic challenges, Liu is optimistic about the future of bromine and crude salt, noting their strategic importance and the potential for price increases due to geopolitical issues and new battery technologies.
EXCLUSIVE:&nbsp;<a href="https://www.benzinga.com/top-stories/24/07/39607932/exclusive-tesla-shorts-were-profitable-this-year-until-shareholders-approved-musks-pay-package-exper" target="_blank" rel="noreferrer noopener">Tesla Shorts Were Profitable This Year Until Shareholders Approved Musk's Pay Package, Expert Says</a>
<h2 class="wp-block-heading">How To Buy GURE Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Gulf Resources&#8217; case, it is in the Materials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, GURE has a 52-week high of $2.63 and a 52-week low of $0.85.

What's Going On With Gulf Resources (GURE) Stock?

Gulf Resources shares are trading higher after the company announced the signing of agreements to acquire crude salt fields.

Gulf Resources Signs Agreements To Acquire Crude Salt Fields For Aggregate Price Of $38,619,257

Gulf Resources, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GURE#NASDAQ">GURE</a>) ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that it received a notice (the "Notice") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that due to the Company's failure to timely file its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2024 (the "Form 10-Q"), with the Securities and Exchange Commission (the "SEC"), the Company is not in compliance with Nasdaq's continued listing requirements under Nasdaq Listing Rule 5250(c)(1) (the "Rule"), which requires the timely filing of all required periodic reports with the SEC.

Gulf Resources Acknowledges Receipt Of Nasdaq Non-Compliance Notice

Gulf Resources, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GURE#NASDAQ">GURE</a>) ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that it received a notice (the "Notice") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that due to the Company's failure to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (the "2023 Form 10-K"), with the Securities and Exchange Commission (the "SEC"), the Company is not in compliance with Nasdaq's continued listing requirements under Nasdaq Listing Rule 5250(c)(1) (the "Rule"), which requires the timely filing of all required periodic reports with the SEC. &nbsp;
The Notice has no immediate effect on the listing of the Company's common stock on Nasdaq. Under the Nasdaq rules, the Company has 60 calendar days, or until June 17, 2024, to file the 2023 Form 10-K or to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rule. If the Company submits a plan to Nasdaq and Nasdaq accepts the plan, Nasdaq can grant an exception of up to 180 calendar days from the filing's due date, or until October 14, 2024, to regain compliance. If the Company fails to timely regain compliance with Nasdaq Listing Rule 5250(c)(1), the Company's common stock will be subject to delisting from Nasdaq.
The Company continues to work diligently to complete the 2023 Form 10-K and currently intends to file the 2023 Form 10-K by no later than June 10, 2024.
This announcement is made in compliance with the Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a notification of deficiency.

Gulf Resources Announces Receipt Of Nasdaq Non-Compliance Notice Notifying The Company That Due To The Co's Failure To Timely File Its Annual Report On Form 10-K For The Fiscal Year Ended December 31, 2023

Gulf Resources, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GURE#NASDAQ">GURE</a>) ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced it would like to update shareholders on the status of the Yuxin Chemical factory. &nbsp;
At this time, the company has still not ordered the delivery of the remaining equipment for the factory while it evaluates market opportunities.
<ul>
<li>The Chinese economy is currently weak. The weakness is especially significant in the housing market, which is a significant customer of bromine. The Company believes that most Chinese chemical companies in our niche, are currently losing money. While the company believes the economy will eventually improve, it does not believe it should spend more money on a business that is likely to lose money in the short term.</li>
<li>Once the company sees improvement in the economy, it can take delivery of the remaining equipment and begin production.</li>
<li>The Company continues to evaluate different segments of the chemical market to see which, if any, offer the best opportunity for profits.</li>
<li>The Company is especially focusing on market segments possibility, such as pharmaceuticals, that may offer the opportunity to generate capital offshore, so the company may consider to generate funds for the benefit of its shareholders.</li>
<li>The company is also continuing to monitor events in the Middle East. Since approximately 74% of the world's bromine production takes place in the Dead Sea region between Israel and Jordan, the company is aware that any expansion of the war could materially change world-wide market conditions.</li>
<li>The company is also continuing to explore other potential business opportunities.
<ul>
<li>The most interesting current opportunity may be in the field of sodium-ion batteries.</li>
<li>Two major Chinese auto manufacturers (CATL (Chery) and BYD are already producing cars with sodium-ion batteries.</li>
<li>The company has not completed its study on the opportunities for sodium—ion batteries, but it believes this could be a logical extension for its crude salt business.</li>
</ul>
</li>
<li>Gulf Resources believes it will eventually move ahead with the completion of its chemical factory. However, if the Chinese economy continues to remain weak and if the Company believes this weakness will continue, the company may theoretically utilize its chemical factory for the production of Sodium-Ion batteries. &nbsp;</li>
</ul>
The company would like to assure investors that all of the decisions related to the Yuxin Chemical project are being reviewed by the Board of Directors.
The company has posted photos of some of the flood prevention work on its website (<a href="https://www.globenewswire.com/Tracker?data=EPy06FEgIhHxM0LTAUtzacjGmnQBnINPdUpdSq5_vNq8cCqnlcEDBOWtZixsrHVIqsNnfZUhwdYczlD-5seWGDv-0KkdfYNmI1Lu6RbN2XY1tUqIZRL_dKiYu48nH61V_s3y3iEwJmfoSh8GoWSIllVzINTf83fKNssSR1NrycZJ6Ogqv96TfLOkQwm4K4PbHquu9q2U92RD1d5cUKVISuXJ3kyALZbHmKRJNn2bcHLJtwBK7V4tPidET4ZJfXPPZW-aGFXv7rF1Xvc-livEntTa3m1n7kVLmx2aaKxcLnJMlU0Wpsb6IlWwxWGysP4w">http://www.gulfresourcesinc.com</a>).

Gulf Resources Provides Update On The Yuxin Chemical Factory; Says "Once The Company Sees Improvement In The Economy, It Can Take Delivery Of The Remaining Equipment And Begin Production."

Gulf Resources, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GURE#NASDAQ">GURE</a>) ("Gulf Resources" or the "Company"), today announced that it received notification from the government of Shouguang City on December 22, 2023, pursuant to which its all bromine and crude salt facilities will be temporarily closed from December 25, 2023 to February 20, 2024. To comply with such notification, the Company expects to temporarily halt production during this period. &nbsp;
We believe this seasonal closure aligns with the government's efforts to address winter air pollution and enhance the overall efficiency of brine resources.
Compared to the 2023 closure from December 10 to February 1, the closure in 2024 means that the Company will have an additional 15 days of production in the fourth quarter of 2023 and will lose 19 days of production in the first quarter of 2024.
Winter typically sees slower bromine sales as our customers are closed for Chinese New Year holidays, leading to fewer orders before their closure. Further, processing crude salt becomes challenging during the coldest months because of low temperatures.

Legal

Gulf Resources Announces The Receipt Of Governmental Notification To Temporarily Close Bromine Facilities

The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.
Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3>United States Antimony Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uamy#NYSE">UAMY</a>)</h3>
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<li>U.S. Antimony, during August, announced appointment of Gary C. Evans as Chairman of its Board of Directors. The company&rsquo;s stock has a <a href="https://www.benzinga.com/quote/UAMY">52-week low of $0.24 </a>.</li>
<li>RSI Value: 29.71</li>
<li>UAMY Price Action: Shares of United States Antimony fell 2% to close at $0.2550 on Tuesday.</li>
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<h3>Northern Technologies International Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ntic#NASDAQ">NTIC</a>)</h3>
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<li>Northern Technologies posted weaker-than-expected earnings for the fourth quarter. &ldquo;Fiscal 2023 marked NTIC&rsquo;s third year of consecutive record sales, despite the economic challenges growing in both Europe and China, as well as rising interest rates in the U.S. Our continued sales growth success demonstrates the increasing value we provide our global customers as well as the efficacy of our strategic focus on diversifying our products, end markets and geographies,&rdquo; said G. Patrick Lynch, President and CEO of NTIC. It <a href="https://www.benzinga.com/quote/NTIC"> has a 52-week low </a> of $10.10.</li>
<li>RSI Value: 24.22</li>
<li>NTIC Price Action: Shares of Northern Technologies International fell 4.2% to close at $11.21 on Tuesday.</li>
</ul>
<h3>Gulf Resources, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gure#NASDAQ">GURE</a>)</h3>
<ul>
<li>The company posted a loss for the third quarter. &ldquo;We are vigilantly monitoring events in the Middle East, recognizing that any disruptions in the Dead Sea region could suddenly alter market dynamics. Looking ahead, we envision returning to profitability in the forthcoming quarters,&rdquo; Mr. Liu Xiaobin, CEO said. The company&rsquo;s stock has a 52-week <a href="https://www.benzinga.com/quote/GURE"> low of $1.44.</a></li>
<li>RSI Value: 20.59</li>
<li>GURE Price Action: Shares of Gulf Resources fell 4.2% to close at $1.4650 on Tuesday.</li>
</ul>
<h3>Millennium Group International Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mgih#NASDAQ">MGIH</a>)</h3>
<ul>
<li>The company&rsquo;s stock lost around 41% over the past month. The company&rsquo;s 52-week low is $0.89.</li>
<li>RSI Value: 24.10</li>
<li>MGIH Price Action: Shares of Millennium Group International fell 1.4% to close at $0.9660 on Tuesday.</li>
</ul>
<h3>Sibanye Stillwater Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sbsw#NYSE">SBSW</a>)</h3>
<ul>
<li>B of A Securities, last month, downgraded Sibanye Stillwater from Neutral to Underperform. The company <a href="https://www.benzinga.com/quote/SBSW"> has a 52-week low </a> of $4.00.</li>
<li>RSI Value: 24.44</li>
<li>SBSW Price Action: Shares of Sibanye Stillwater fell 17.9% to close at $4.27 on Tuesday.</li>
</ul>
&nbsp;
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Gulf (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GURE#NASDAQ">GURE</a>) reported quarterly losses of $(0.17) per share. This is a 119.77 percent decrease over earnings of $0.86 per share from the same period last year. The company reported $5.87 million in sales this quarter. This is a 74.34 percent decrease over sales of $22.86 million the same period last year.

Gulf Q3 EPS $(0.17) Down From $0.86 YoY, Sales $5.87M Down From $22.86M YoY

Gulf Resources, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GURE#NASDAQ">GURE</a>) ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, recently disclosed proposed management changes to come into effect during the Company's annual meeting of shareholders which is to be hold on November 30, 2023 (the "Annual Meeting"), in a Form 8-K filed with the SEC on October 3, 2023. This information was reiterated to ensure shareholders were informed, given the possibility that some may have missed the initial 8-K filing. &nbsp;
On September 28, 2023, Min Yang, the Chairman of the Board of Directors (the "Board") of the Company, informed the Board that he will not stand for&nbsp;re-election&nbsp;when his term expires at the Annual Meeting, and he tendered his resignation as Chairman of the Board effective as of the Annual Meeting. The Board accepted Mr. Yang's resignation, effective as of the Annual Meeting, and elected Mr. Xiaobin Liu, Chief Executive Officer of the Company, as Chairman of the Board, effective as of the Annual Meeting.
On September 28, 2023, Tengfei Zhang, member of the Board, the chair of the Compensation Committee and member of the Nominating and Corporate Governance Committee, of the Company, informed the Board that he will not stand for&nbsp;re-election&nbsp;when his terms expires at the Annual Meeting, and he tendered his resignation as the chair of the Compensation Committee and member of the Nominating and Corporate Governance Committee. The Board accepted Mr.&nbsp;Zhang's resignation as the chair of the Compensation Committee and member of the Nominating and Corporate Governance Committee, effective as of the Annual Meeting. The Company has nominated a director candidate to fill in the resulted vacancy. The information about the director nominee was disclosed in the definitive proxy statement filed with the SEC by the Company on October 3, 2023.
Mr. Yang remarked, "I take pride in the team we have cultivated at Gulf Resourced, guided by Mr. Liu Xiaobin's leadership. With some of our bromine and crude salt businesses back in operation, I believe it's an opportune moment for me to step aside and focus on my other business pursuits."
Expressing gratitude, Mr. Liu stated, "I extend my appreciation to Mr. Yang for his mentorship and backing in shaping Gulf Resources. Since joining the company in 2006 and taking on the role of CEO in 2009, we have collaborated closely. My team and I deeply value Mr. Yang's contributions and eagerly anticipate assisting Gulf's continued growth in the future."

Management

Gulf Resources Announces Management Changes; On September 28, 2023, Min Yang, The Chairman Of The Board Of Directors, Informed The Board That He Will Not Stand For Re-Election

Gulf Resources Files Form 12b-25 Notification Of Late Filing; Expects To File Within Five-Calendar Day Extension Provided By Rule 12b-25

Gulf (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GURE#NASDAQ">GURE</a>) reported quarterly losses of $(0.07) per share. This is a 118.92 percent decrease over earnings of $0.37 per share from the same period last year. The company reported $8.01 million in sales this quarter. This is a 49.05 percent decrease over sales of $15.71 million the same period last year.

Gulf Q2 EPS $(0.07) Down From $0.37 YoY, Sales $8.01M Down From $15.71M YoY

Press Releases

Gulf Resources Announces Receipt of Nasdaq Non-Compliance Notice

Contracts

Gulf Resources Announces the Signing of Agreements to Acquire Crude Salt Fields

Gulf Resources Receives Extension from NASDAQ to Regain Compliance

Gulf Resources Releases Letter to Shareholders

Gulf Resources Announces Conference Call to Discuss its Third Quarter 2024 Results

Gulf Resources Announces Third Quarter and Nine Months 2024 Unaudited Financial Results

General

Gulf Resources Announces Press Release Regarding Acquisition of Salt Fields

Gulf Resources Provides Detailed Overview of the Economics of its Bromine Segment

Gulf Resources Provides Business Update on Bromine Segment

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