Gulf Resources, Inc.

GURE

US40251W4087

Commodity Chemicals

Market Closed - Nasdaq Other stock markets 04:30:00 2024-04-26 pm EDT			5-day change	1st Jan Change
1.52 ^USD	-1.03%		+9.35%	-7.88%

2023	Gulf Resources Announces the Receipt of Governmental Notification to Temporarily Close Bromine Facilities	CI
2023	Gulf Resources Insider Sold Shares Worth $275,000, According to a Recent SEC Filing	MT

Gulf Resources Announces the Receipt of Governmental Notification to Temporarily Close Bromine Facilities

December 22, 2023 at 04:30 pm EST

Gulf Resources, Inc. 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. 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 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.

Latest news about Gulf Resources, Inc.

Gulf Resources Announces the Receipt of Governmental Notification to Temporarily Close Bromine Facilities	Dec. 22	CI
Gulf Resources Insider Sold Shares Worth $275,000, According to a Recent SEC Filing	Dec. 21	MT
Gulf Resources Insider Sold Shares Worth $275,000, According to a Recent SEC Filing	Dec. 21	MT
Gulf Resources, Inc. Approves Appointment of Board of Directors	Nov. 30	CI
Gulf Resources, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 20	CI
Gulf Resources Announces Management Changes	Nov. 16	CI
Gulf Resources, Inc. Announces Executive Changes	23-10-03	CI
Gulf Resources Seeks Acquisitions	23-08-15	CI
Transcript : Gulf Resources, Inc., Q2 2023 Earnings Call, Aug 14, 2023	23-08-14
Gulf Resources, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-14	CI
Transcript : Gulf Resources, Inc., Q1 2023 Earnings Call, May 16, 2023	23-05-16
Gulf Resources, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-15	CI
Transcript : Gulf Resources, Inc., 2022 Earnings Call, Apr 03, 2023	23-04-03
Gulf Resources Set to Open Higher Following Surge in Share Prices Late on Friday After Swinging Back into the Black in 2022	23-04-03	MT
Gulf Resources, Inc. Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-31	CI
Gulf Resources, Inc. Announces the Receipt of Governmental Notification to Temporarily Close Bromine Facilities	22-12-09	CI
Gulf Resources to Buy 80,000 Shares From Three Senior Management Officers	22-12-02	MT
Transcript : Gulf Resources, Inc., Q3 2022 Earnings Call, Nov 15, 2022	22-11-15
Earnings Flash (GURE) GULF RESOURCES Posts Q3 EPS $0.86	22-11-14	MT
Gulf Resources, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	22-11-14	CI
Gulf Resources Expects to Complete Delayed Yuxin Chemical Plant Construction in Six to Eight Months	22-10-14	MT
Gulf Resources, Inc. Updates Investors on the Construction of Its New Yuxin Chemical Factory	22-10-14	CI
Gulf Resources, Inc. Provides Earnings Guidance for the Third Quarter Ending September 30, 2022 and Full Year Ending December 31, 2022	22-08-30	CI
Gulf Resources Says It Obtained Governmental Approval to Resume Production at Bromine Factory	22-08-24	MT
Gulf Resources, Inc. Announces Governmental Approval for Bromine Factory No. 8	22-08-24	CI

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Company Profile

Gulf Resources, Inc. is a holding company. The Company manufactures and trades bromine and crude salt; 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. The Company operates in three segments: bromine, crude salt and chemical products. Crude salt is the principal material in alkali production, as well as chlorine alkali production and is used in the chemical, food and beverage, and other industries. Its Chemical products include Hydroxyl guar gum, Demulsified agent, Corrosion inhibitor for acidizing, Bactericide, Iron ion stabilizer, Flocculants agent, Bromopropane, Solid lubricant, Polyether lubricant and Chlorantraniliprole. Its production sites are located in the Shandong Province in northeastern China.

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Commodity Chemicals

Calendar

2024-05-12 - Q1 2024 Earnings Release (Projected)

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