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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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TTENK/calls
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Home›GURE›Financials
Annual statements · SEC XBRL · FY2015 – FY2024

GULF RESOURCES, INC. (GURE) financials

Income statement

GULF RESOURCES, INC. (GURE) income statement, annual, from SEC filings
Fiscal yearFY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Revenue$162M$149M$108M$2.59M$10.6M$28.2M$55.0M$66.1M$30.0M$7.66M
Revenue growth—-8.0%-28.0%-97.6%308.4%166.2%95.1%20.1%-54.5%-74.5%
Operating income$45.2M$47.7M$11.2M-$83.6M-$23.3M-$9.68M$5.21M$16.5M-$11.9M-$21.3M
Operating margin27.8%32.0%10.4%-3219.8%-219.8%-34.3%9.5%24.9%-39.6%-277.8%
Net income$34.1M$36.2M$7.95M-$70.0M-$25.8M-$8.42M-$925K$10.1M-$61.8M-$58.9M
Net margin21.0%24.3%7.4%-2696.2%-243.5%-29.9%-1.7%15.2%-205.7%-769.3%
EPS (diluted)$0.74$0.78$0.17-$7.45-$2.73-$0.87-$0.09———

Cash flow

GULF RESOURCES, INC. (GURE) cash flow, annual, from SEC filings
Fiscal yearFY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Operating cash flow$70.4M$55.2M$62.8M$17.3M-$15.3M$9.31M$23.3M$51.1M-$32.8M$675K
Capital expenditures$22.9M$17.0M$17.9M$35.3M$60.6M$21.7M$30.1M$37.6M—$60.5M
Free cash flow$47.5M$38.2M$44.8M-$17.9M-$75.9M-$12.4M-$6.78M$13.6M—-$59.9M
Share buybacks$37.7K$0.00————————

Balance sheet

GULF RESOURCES, INC. (GURE) balance sheet, annual, from SEC filings
Fiscal yearFY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Cash & equivalents————$100M$94.2M$95.8M$108M$72.2M$10.1M
Total assets$357M$366M$387M$299M$279M$294M$310M$292M$227M$169M
Total liabilities$18.6M$16.2M$5.54M$4.69M$16.1M$17.0M$23.2M$20.8M$21.4M$25.7M
Shareholders' equity$338M$349M$382M$294M$263M$277M$287M$272M$205M$144M
Shares (wtd avg diluted)45.2M46.3M46.8M46.8M9.52M10.00M10.5M10.0M10.4M10.7M

Every figure is extracted from GULF RESOURCES, INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is GULF RESOURCES, INC.'s annual revenue?
GULF RESOURCES, INC. (GURE) reported $7.66M of revenue for fiscal year 2024 — down 74.5% from $30.0M in FY2023, per its annual report filed with the SEC.
Is GULF RESOURCES, INC. profitable?
Not in FY2024 — GURE reported a net loss of $58.9M, per SEC filings.
What is GULF RESOURCES, INC.'s free cash flow?
-$59.9M in FY2024 (operating cash flow $675K minus $60.5M of capital expenditures), from the SEC cash-flow statement.
Does GURE pay a dividend?
GULF RESOURCES, INC. reported no cash dividends paid in FY2024, per its SEC cash-flow statement.
Full GURE analysis — verdict, score & filings →Is GURE a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.