Delisting riskPopularity #5,258
GURE · NASDAQ · Chemicals

Gulf Resources (GURE)

Extracts bromine and crude salt from Shandong brine for Chinese industry.

$3.31
vs last close+0.01 (+0.46%)
Loading prices…

Gulf Resources, Inc.GURE
Materials

Extracts elemental bromine and crude salt from Shandong brine for PRC industrial customers, with bromine as the core revenue-producing operation. A U.S.-listed holding structure oversees China-only operations, while production depends on licenses, government operating windows, and local brine access.

Produces elemental bromine and crude salt from brine in Shandong, China, selling through an in-house team to recurring domestic industrial customers. Bromine feeds flame retardants, fumigants, water-treatment compounds, dyes, medicines, disinfectants, and organic-synthesis intermediates; crude salt supplies alkali and chlor-alkali production along with chemical, food, and beverage uses.

Operates through a U.S.-listed holding structure with BVI and Hong Kong entities above the China subsidiaries. Price, product quality, delivery performance, supplier relationships, and access to local brine deposits shape competition. Production operates within annual licensing reviews and government-directed windows, while the Sichuan gas-and-brine project remains suspended pending approvals.

All disclosed sales and customers are in China, with revenue received substantially in renminbi and PRC rules constraining currency conversion, offshore remittances, and subsidiary dividends.

Company facts

CEOXiaobin Liu
ListedOct 27, 2009
ExchangeNASDAQ
HeadquartersShouguang City, China
CountryChina
Employees367
CIK0000885462
ISINUS40251W5076

Market cap$4.5M
EPS (ttm)−$31.43
P/E (ttm)−0.1047
ROE-36.7%
P/B0.0414
P/S0.1737
Dividend yieldDiv yield
Beta0.17vs XLB 1.04

No analyst consensus on record.

EPSReportedEstimate

Jul '24Oct '24Nov '24Dec '24May '25Aug '25Nov '25Aug '26
Reported−$3.70−$0.37−$0.33−$1.71−$0.40−$0.06−$2.86−$2.48
Estimate
Surprise

RevenueReportedEstimate

Jul '24Oct '24Nov '24Dec '24May '25Aug '25Nov '25Aug '26
Reported$1.3M$2.4M$2.2M$1.7M$1.6M$8.3M$9.0M$6.4M
Estimate
Surprise
Estimate
Reported−$2.48
Estimate
Reported$6.4M
View details

Debt to equity16.20%
Current ratio233.90%

ProfitabilityRevenueNet incomeNet margin

Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26
Revenue$2.4M$2.2M$1.7M$1.6M$8.3M$9.0M$6.4M$2.4M
Net income−$33.1M−$3.5M−$18.4M−$4.6M−$773.8K−$35.7M−$2.9M−$3.9M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26
Operating income−$5.1M−$4.6M−$6.3M−$4.6M−$750.7K$246.3K−$3.5M−$1.3M
YoY growthLoss widenedLoss widenedLoss narrowedLoss narrowedLoss narrowedTurned profitLoss narrowedLoss narrowed

Balance sheet, Mar 31, 2026Cash & short-term investments $6.5M · Total debt $17.8M · Total assets $132.8M · Shareholders' equity $109.9M

Revenue
$2.4M
Operating income
−$1.3M
Net income
−$3.9M
View details

No dividends on record.

Institutions3.42%47.3K shares
8 holders · as of Jun 30, 2026
Insiders9.65%133.3K shares
7 holders · as of Nov 24, 2025
Other86.93%1.20M shares
remainder

1.38M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Min LiInsiderofficer: Chief Financial Officer
3.17%43,812filed Nov 24, 2025
Xiaobin LiuInsiderdirector, officer: Chief Executive Officer
3.17%43,812filed Nov 24, 2025
Naihui MiaoInsiderdirector, officer: COO & Secretary
3.17%43,812filed Nov 24, 2025
Citadel Advisors LLCInstitution
2.35%32,538as of Jun 30, 2026
Two Sigma Investments, LPInstitution
1.06%14,652as of Jun 30, 2026

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

  • ICL

    Global bromine and derivative producer with China operations.

  • Albemarle

    Global bromine-solutions supplier and Jordan Bromine co-owner.

Compare

CompanyPriceChange
Gulf Resources$3.31+0.46%$4.5M0.2−22.9%
ICL$5.38+0.66%$6.89B22.212.20.9+16.5%
Albemarle$113.92+0.88%$13.32B11.62.3+31.1%
Median22.211.91.6+23.8%