Gulf Resources, Inc. operates through four wholly-owned subsidiaries, Shouguang City Haoyuan Chemical Company Limited ("SCHC"), Shouguang Yuxin Chemical Industry Co., Limited ("SYCI"), Daying County Haoyuan Chemical Company Limited (“DCHC”) and Shouguang Hengde Salt Industry Co. Ltd. (“SHSI”). The Company believes that it is one of the largest producers of bromine in China. Elemental Bromine is used to manufacture a wide variety of compounds utilized in industry and agriculture. Through SYCI, the Company manufactures chemical products utilized in a variety of applications, including oil and gas field explorations and papermaking chemical agents, and materials for human and animal antibiotics. Through SHSI, the Company manufactures and sell crude salt. DCHC was established to further explore and develop natural gas and brine resources (including bromine and crude salt) in China. For more information, visit www.gulfresourcesinc.com.
Company profile
Ticker
GURE
Exchange
Website
CEO
Xiaobin Liu
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Huntsman • Chemours • FMC • Ecovyst • Olin • Perimeter Solutions • GCP Applied • Innospec • Ingevity • Livent ...
Former names
DIVERSIFAX INC
SEC CIK
Corporate docs
IRS number
133637458
GURE stock data
Latest filings (excl ownership)
8-K
Changes in Registrant's Certifying Accountant
16 Apr 24
NT 10-K
Notice of late annual filing
28 Mar 24
8-K
Gulf Resources Announces the Completion of the Flood Prevention Project
30 Jan 24
8-K
Gulf Resources Announces the Receipt of Governmental Notification to Temporarily Close Bromine Facilities
22 Dec 23
8-K
Submission of Matters to a Vote of Security Holders
30 Nov 23
8-K
Gulf Resources Reports Unaudited Financial Results for Three and Nine Months Ended September 30,2023
20 Nov 23
10-Q
2023 Q3
Quarterly report
20 Nov 23
8-K
Gulf Resources Announces Its Flood Prevention Plan
17 Nov 23
DEFA14A
Additional proxy soliciting materials
15 Nov 23
NT 10-Q
Notice of late quarterly filing
14 Nov 23
Transcripts
GURE
Earnings call transcript
2023 Q2
14 Aug 23
GURE
Earnings call transcript
2023 Q1
16 May 23
GURE
Earnings call transcript
2022 Q4
3 Apr 23
GURE
Earnings call transcript
2022 Q3
15 Nov 22
GURE
Earnings call transcript
2022 Q2
16 Aug 22
GURE
Earnings call transcript
2022 Q1
16 May 22
GURE
Earnings call transcript
2021 Q4
13 Apr 22
GURE
Earnings call transcript
2021 Q3
16 Nov 21
GURE
Earnings call transcript
2021 Q2
16 Aug 21
GURE
Earnings call transcript
2021 Q1
18 May 21
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 103.77 mm | 103.77 mm | 103.77 mm | 103.77 mm | 103.77 mm | 103.77 mm |
Cash burn (monthly) | 3.83 mm | (no burn) | 764.43 k | 376.41 k | 380.65 k | (no burn) |
Cash used (since last report) | 25.52 mm | n/a | 5.09 mm | 2.51 mm | 2.53 mm | n/a |
Cash remaining | 78.25 mm | n/a | 98.68 mm | 101.27 mm | 101.24 mm | n/a |
Runway (months of cash) | 20.4 | n/a | 129.1 | 269.0 | 266.0 | n/a |
Institutional ownership, Q2 2023
3.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 8 |
Opened positions | 4 |
Closed positions | 2 |
Increased positions | 2 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 432.52 mm |
Total shares | 373.84 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Renaissance Technologies | 197.29 k | $494.00 k |
Bridgeway Capital Management | 150.94 k | $374.33 mm |
Citadel Advisors | 11.34 k | $28.13 mm |
Millennium Management | 10.91 k | $27.05 mm |
Simplex Trading | 2.36 k | $5.00 k |
MS Morgan Stanley | 600.00 | $1.50 mm |
BAC Bank Of America | 400.00 | $1.00 mm |
BLK Blackrock | 3.00 | $8.00 k |
Proequities | 0.00 | $0.00 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
27 Dec 23 | Dongshan Wang | Common Stock | Grant | Acquire A | No | No | 0 | 1,000 | 0.00 | 1,000 |
27 Dec 23 | Naihui Miao | Common Stock | Grant | Acquire A | No | No | 0 | 40,000 | 0.00 | 58,115 |
27 Dec 23 | Shengwei Ma | Common Stock | Grant | Acquire A | No | No | 0 | 1,000 | 0.00 | 2,000 |
27 Dec 23 | Min Li | Common Stock | Grant | Acquire A | No | No | 0 | 40,000 | 0.00 | 58,115 |
27 Dec 23 | Jiang Shitong | Common Stock | Grant | Acquire A | No | No | 0 | 1,000 | 0.00 | 4,000 |