Gulf Resources, Inc. (GURE)

From the record

Gulf Resources, Inc.'s filings since 2017 show 36 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, 18 times, the latest 2026-09-03); a warning not to rely on past financial statements (8-K item 4.02, 2 times, the latest 2026-06-04); an auditor change (8-K item 4.01, 2 times, the latest 2024-04-16); a late-report notice (Form NT 10-K or NT 10-Q, 14 times, the latest 2026-11-12) (its current reports).

From the record

Gulf Resources, Inc.'s 10 filed years say what it did: revenue went from $149 million in fiscal 2016 to $25 million in fiscal 2025, down 17.9% a year; it rose in 5 of 9 years; the deepest fall was 98% from fiscal 2016 to fiscal 2018; net income was positive in 3 of 10 of those years (its annual reports).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Gulf Resources, Inc. lost about 39 cents for every dollar of shareholders' money. Leverage: it owed about 17 cents per dollar of assets, and net share issuance: its share count grew 22.1% over the year (the filed statements).

From the record

Gulf Resources, Inc.'s standing among 15 graded names in its industry family: revenue of $25 million in fiscal 2025 ranks in the bottom 18% by size; a net margin of -172.8% ranks in the bottom 23%; revenue growth of -27.3% a year over the last 3 filed years ranks in the bottom 23% (its annual reports).

From the record

Gulf Resources, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Liu, Xiaobin (Chief Executive Officer, as filed), filing under that title since 2016-08-17, 10.2 years (top 21% of its family); the 3 officers and directors filing in the last fifteen months have been on the record a median of 17.7 years (top 5%); no officer or director change was reported on Form 8-K since 2023-11-13, against the 3 people in charge now (top 4%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Gulf Resources, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $4 thousand against no long-term debt tagged leaves 0% of its assets as net cash, top 41% of its family; cash from operations less capital spending is -4.1% of revenue (bottom 23%) (its annual report).

From the record

Gulf Resources, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -27.3% a year over the last three filed years against -17.9% over all 10, slowing (bottom 46% of its family); the newest year grew 232.1% (top 4%); capital spending grew -26.4% a year (bottom 4%) (its annual reports). Gulf Resources, Inc. reported 4 lines of business in fiscal 2024: Bromine at $6 million, Crude Salt at $2 million, Natural Gas at $61 thousand, and 1 more. 0 of 4 grew in the latest filed year, and the largest line is 72% of revenue (its annual report).

From the record

Gulf Resources, Inc.'s newest year against its own record: revenue of $25 million in fiscal 2025 came in 873.8% above the $3 million its prior three years' pace pointed to (top 4% of its family); net income of $44 million against a prior three-year average of $37 million (top 29%); a net margin of a loss larger than its revenue against losses larger than its revenue before (top 12%) (its annual reports).