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. (NASDAQ: GURE) news coverage focuses on its activities in bromine, crude salt, chemical products, and natural gas-related brine resources in China. Company press releases and SEC-linked announcements provide regular updates on bromine pricing trends, production volumes, and the economics of its bromine segment, including how changes in utilization rates and fixed costs affect segment profitability.
Investors following GURE news can review detailed quarterly and interim financial results, where Gulf Resources reports segment performance for bromine, crude salt, chemicals, and natural gas. These releases often include management commentary on bromine price volatility, seasonal plant shutdowns, and the impact of government-mandated environmental and resource extraction controls in regions where the company operates.
Corporate and capital markets developments are also a recurring theme in Gulf Resources’ news flow. The company has issued announcements regarding a one-for-ten reverse stock split of its common stock, its efforts to comply with Nasdaq’s minimum bid price requirement, and subsequent notifications from Nasdaq about delisting determinations, appeals, hearings, and the eventual confirmation that GURE had regained compliance and would continue trading on the Nasdaq Capital Market.
Additional news items cover strategic and operational decisions such as the acquisition of additional salt fields intended to expand crude salt production and support more bromine wells, participation in flood prevention programs, and the status of its chemical and natural gas segments. Company updates have described the suspension of certain chemical operations, evaluation of market opportunities, and an agreement to sell 100% of the equity interests in Shouguang Yuxin Chemical Industry Co., Limited due to prolonged operational suspension. For readers tracking GURE, this news stream offers insight into how Gulf Resources responds to market conditions, regulatory requirements, and resource development opportunities.
Gulf Resources, Inc. (Nasdaq: GURE) reported a strong second quarter in 2021, with revenues soaring by 108% to $11.15 million and gross margins jumping 1157% to $4.23 million. The company holds over $97 million in cash, indicating robust financial health. Bromine revenues rose 123%, and profits from bromine surged significantly, representing 45% of sales. However, total net loss after taxes was $2.70 million. Gulf remains optimistic for the second half of 2021, expecting production losses to be recouped and continued high bromine prices. Future developments include potential new revenue from chemical operations in 2022.
Gulf Resources (GURE) announced a conference call on August 16, 2021, at 8:00 AM ET to discuss its Q2 2021 results. Participants can join via phone or web link. The call will feature CEO Xiaobin Liu, with time allocated for investor questions. Gulf Resources operates through three subsidiaries and is recognized as one of China’s largest bromine producers, supplying essential compounds for various industries. Forward-looking statements mention risks such as market competition and economic conditions that could impact future performance.
Gulf Resources, Inc. (GURE) announced the completion of civil works for its new chemical factory at the Bohai Marine Fine Chemical Industrial Park in Shandong, China. This factory will focus on producing higher margin pharmaceutical intermediate products. Following the construction phase, the company will begin purchasing and installing machinery, leading to trial production. Gulf Resources aims to keep shareholders updated on the factory's progress, emphasizing its commitment to enhancing production capabilities and market presence in the pharmaceutical sector.
Gulf Resources (GURE) reported significant growth in Q1 2021, with revenues reaching $5.26 million, an 843% increase from the previous year. Despite factory closures due to weather and holidays, the company generated $3.34 million in free cash flow. Bromine revenues surged 939%, driven by a 33% price increase. The company holds $96.7 million in cash and projects Q2 revenues between $12 million and $14 million, alongside full-year guidance of $45 million to $47 million. However, ongoing facility closures and potential pricing declines pose risks to these estimates.
Gulf Resources, Inc. (GURE), a prominent manufacturer of bromine and specialty chemical products in China, will host a conference call on May 18, 2021, at 08:00 AM ET to discuss its Q1 2021 results. Led by CEO Xiaobin Liu, the management team will take questions following the presentation. A replay of the call will be available after the event until May 25, 2021. Gulf Resources operates through three subsidiaries and is one of the largest bromine producers in China, focusing on various chemical applications for industrial and agricultural uses.
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Gulf Resources announced its financial results for Q4 and the full fiscal year 2020, marking a profitable quarter for the first time in three years. The company achieved net revenue of $28.2 million, a 166% increase from the prior year, driven by a strong bromine segment. Despite operational challenges, including factory closures and seasonal slowdowns, cash from operations improved significantly to $6 million. The company anticipates higher bromine prices and the completion of its Yuxin Chemical Factory in mid-2021, which is expected to enhance profit margins.
Gulf Resources, Inc. (Nasdaq: GURE) announced a conference call scheduled for April 9, 2021, at 08:00 AM ET to discuss its fourth quarter and full-year fiscal results for 2020. CEO Xiaobin Liu will lead the call, providing insights on the Company's performance and fielding investor questions. Following the live presentation, a replay will be available from April 9, 2021, at 11:00 AM ET to April 16, 2021. Gulf Resources operates through three subsidiaries, focusing on bromine and specialty chemicals, essential for various industrial applications.
Gulf Resources, Inc. (Nasdaq: GURE) provided an update on its operations following a temporary shutdown of bromine facilities mandated by the Shouguang City government from December 25, 2020, to February 19, 2021, due to air pollution concerns. The facilities reopened as scheduled, with production ramping back to levels comparable to December 2020. Current bromine prices have increased to approximately RMB34,500 per tonne, a 3.5% rise since the shutdown, and significantly above historical lows. Gulf Resources continues to be a major producer of bromine and specialty chemicals in China.
Gulf Resources, Inc. (Nasdaq: GURE) announced operational guidance for Q4 2020, stating all bromine facilities in Shouguang City will close from December 25, 2020, to February 19, 2021, due to government measures aimed at reducing air pollution. The Company expects minimal impact on its business as winter is generally a slow production period. Projections indicate a possible break-even net income of $0.5 million to $1 million with revenues between $8 million and $9 million for the fourth quarter, 2020. The Company believes operations will resume post-closure without significant repercussions for 2021.
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