Gulf Resources, Inc. (GURE) received approval from the Shouguang Municipal Government to resume production at Factories No. 2 and No. 10. The company will immediately begin preparation work, including upgrading some facilities, and expects to complete test and trial production in the fourth quarter of 2026. It believes the factories will produce revenue in the first half of 2027.
According to its 2025 annual report, resuming production at the two factories would increase annual production capacity by more than 20%.
Gulf Resources, Inc. (GURE) said Nasdaq staff notified it on October 1, 2026, that it had regained compliance with the periodic filing requirement under Listing Rule 5250(c)(1). The staff determined that the company complies with the rule, which applies to continued listing on The Nasdaq Capital Market.
Gulf Resources, Inc. (GURE) is scheduled to hold its annual meeting on November 11, 2026, with votes on electing seven directors, ratifying GGF CPA LTD. as auditor for fiscal 2026, amending the 2025 Stock Incentive Plan, advisory executive compensation approval, and other business. Holders of record on September 18, 2026 may vote; 1,813,531 common shares were entitled to vote.
Subject to stockholder approval, the proposed plan amendment would raise shares authorized under the 2025 Plan from 14,000 to 300,000, an increase of 286,000 shares. The executive-compensation vote is advisory and nonbinding. For fiscal 2025, reported total compensation was $174,500 for CEO Xiaobin Liu and $191,572 each for CFO Min Li and COO Naihui Miao.
Gulf Resources, Inc. reported second-quarter revenue of $12,886,977, compared with $8,343,785 in the restated 2025 quarter, and net income of $1,143,193, versus a net loss of $814,364. Operating income was $1,252,167, compared with an operating loss of $791,273. Bromine generated $12,244,273 of quarterly revenue and crude salt $642,704.
For the six months ended June 30, 2026, revenue was $15,255,603 versus $9,948,232, while the company recorded a net loss of $2,783,188 compared with a restated $5,484,544 loss. Operating activities used $4,241,827 of cash, versus $2,139,734 in the 2025 period; cash stood at $9,189,231 on June 30.
Four private placements issued 274,000 shares between February and April 2026. The chemical factory relocation is estimated to cost approximately $69 million in total; $45,584,344 in relocation costs was recorded across prepaid land leases, prepayments and deposits, and property, plant and equipment. The company completed the sale of SYCI on December 22, 2025, for $2,999,304.
Gulf Resources, Inc. (GURE) amended its quarterly report for the three months ended March 31, 2026, revising specified financial-statement notes and risk disclosures following a restatement of its March 31, 2025 quarterly report. The company says the original financial statements should no longer be relied upon because of errors described in the amendment.
First-quarter 2026 revenue was $2.37 million, versus $1.60 million in restated first-quarter 2025, while net loss narrowed to $3.93 million from $4.67 million. Operating cash flow was $1.09 million provided, compared with $1.58 million used a year earlier. GURE sold 66% of its products to its top five customers during the quarter.
GURE issued 69,000 shares at $3.57 each for $246,330 on February 10, 2026, and 75,000 shares at $3.57 each for $267,750 on March 24, 2026, under private placements. A loan from Shandong Shouguang Industrial and Commercial Bank Co., Ltd. with principal of $2.89 million passed its December 26, 2025 maturity and remained unpaid as of March 31, 2026.
Gulf Resources, Inc. (GURE) amended its report for the quarter ended June 30, 2025, in response to SEC comment letters, revising financial-statement notes and risk disclosures. It says errors mean the original financial statements should no longer be relied upon; the amendment should be read with the original report.
For the three months ended June 30, 2025, revenue was $8,343,785, versus $2,383,169 a year earlier, while net loss was $814,364 versus $33,097,918. For the six months, revenue was $9,948,232 versus $3,690,231 and net loss was $5,484,544 versus $37,090,050. Operating cash use was $2,139,734, compared with $812,141.
At June 30, 2025, cash was $7,736,081, current assets were $20,275,976 and current liabilities were $10,001,448. Gulf Resources said significant doubts remain about its ability to continue operations, and the statements do not reflect potential effects if it cannot continue as a going concern.
Gulf Resources, Inc. amended its first-quarter 2025 report with restated financial statements and revised notes and risk disclosures in response to SEC staff comments. It says the original financial statements should no longer be relied upon because of errors.
For the three months ended March 31, 2025, revenue was $1,604,447, compared with $1,307,062 a year earlier, while net loss was $4,670,180 versus $3,992,132. Net cash used in operating activities was $1,580,128, compared with $1,330,476; cash was $8,523,045 at March 31, 2025.
At March 31, 2025, Gulf Resources reported current assets of $17.64 million and current liabilities of $10.47 million, a stated $7.17 million surplus, but said significant doubts remain about its ability to continue operations. The relocation project is estimated to cost approximately $69 million; new chemical factory construction remains suspended while it evaluates which products can be produced most profitably. On February 28, 2025, it issued 205,969 post-reverse-split common shares for crude-salt field acquisitions. Gulf Resources reported regaining minimum-bid-price compliance for continued Nasdaq Capital Market listing on December 1, 2025.
Gulf Resources amended its 2025 annual report to revise its Business and Controls and Procedures disclosures. Its statements report 2025 revenue of $25,418,335, versus $7,661,010 in 2024, and net loss of $43,920,231, compared with $59,900,372; long-lived-asset impairment was $30,068,794. Cash and cash equivalents were $3,793 at December 31, 2025, versus $10,075,162 a year earlier, and net cash from operating activities was $7,802,497.
The company said its 2024 annual and first three 2025 quarterly reports should no longer be relied upon after identifying errors in the classification of buildings without ownership certificates; it said it would reclassify them from fixed assets to right-of-use assets under lease agreements. Nasdaq granted an exception requiring delinquent reports by August 31, 2026.
Gulf Resources completed the sale of 100% of Shouguang Yuxin Chemical Industry Co., Limited for RMB 21.2 million, payable in installments through 2028, on December 22, 2025. Four 2026 private-placement agreements provide for new shares representing approximately 18% of shares issued and outstanding as of December 31, 2025.
Gulf Resources, Inc. (GURE) reports that Nasdaq has granted an additional exception to allow more time to regain compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic reports. The company has now filed its Form 10-Q for the quarter ended March 31, 2026, but remains non-compliant because it has not yet filed its Form 10-Q for the quarter ended June 30, 2026.
The company submitted an Updated Compliance Plan to Nasdaq staff on August 28, 2026 and must file the delinquent June 30th Form 10-Q by the extended deadline to evidence compliance. If it fails to do so, Nasdaq staff may move to delist the company’s securities, though Gulf Resources would have the right to appeal. The notices have no immediate effect on the listing or trading of the common stock, and the company states it intends to use reasonable efforts to regain compliance but gives no assurance of success.
Gulf Resources, Inc. (GURE) reported higher net revenue but continued losses for the quarter ended March 31, 2026. Net revenue rose to $2.37 million from $1.60 million a year earlier, mainly from the bromine and crude salt segments, while the chemical products segment had no revenue.
The company recorded a net loss of $3.93 million, an improvement from a $4.63 million loss in 2025, as operating loss narrowed and foreign currency translation produced other comprehensive income. Total assets were $132.8 million and stockholders’ equity $109.9 million, reflecting a largely equity-funded balance sheet.
Operating cash flow turned positive at $1.09 million versus an outflow previously, aided by non‑cash depreciation and working capital movements. Cash increased sharply to $6.54 million, helped by $5.03 million of loan repayments from third parties and $0.28 million from private placement units, while short‑term bank borrowing increased and one bank loan principal became past due.