Company Quick10K Filing
Gulf Resources
10-Q 2020-03-31 Filed 2020-05-20
10-K 2019-12-31 Filed 2020-04-14
10-Q 2019-09-30 Filed 2019-11-14
10-Q 2019-06-30 Filed 2019-08-14
10-Q 2019-03-31 Filed 2019-05-13
10-K 2018-12-31 Filed 2019-03-15
10-Q 2018-09-30 Filed 2018-11-13
10-Q 2018-06-30 Filed 2018-08-10
10-Q 2018-03-31 Filed 2018-05-10
10-K 2017-12-31 Filed 2018-03-16
10-Q 2017-09-30 Filed 2017-11-13
10-Q 2017-06-30 Filed 2017-08-11
10-Q 2017-03-31 Filed 2017-05-12
10-K 2016-12-31 Filed 2017-03-17
10-Q 2016-09-30 Filed 2016-11-14
10-Q 2016-06-30 Filed 2016-08-10
10-Q 2016-03-31 Filed 2016-05-11
10-K 2015-12-31 Filed 2016-03-15
10-Q 2015-09-30 Filed 2015-11-10
10-Q 2015-06-30 Filed 2015-08-07
10-Q 2015-03-31 Filed 2015-05-15
10-K 2014-12-31 Filed 2015-03-13
10-Q 2014-09-30 Filed 2014-11-07
10-Q 2014-06-30 Filed 2014-08-08
10-Q 2014-03-31 Filed 2014-05-09
10-K 2013-12-31 Filed 2014-03-17
10-Q 2013-09-30 Filed 2013-11-08
10-Q 2013-06-30 Filed 2013-08-09
10-Q 2013-03-31 Filed 2013-05-09
10-K 2012-12-31 Filed 2013-03-18
10-Q 2012-09-30 Filed 2012-11-08
10-Q 2012-06-30 Filed 2012-08-09
10-Q 2012-03-31 Filed 2012-05-07
10-K 2011-12-31 Filed 2012-03-15
10-Q 2011-09-30 Filed 2011-11-14
10-Q 2011-06-30 Filed 2011-08-16
10-Q 2011-03-31 Filed 2011-05-16
10-K 2010-12-31 Filed 2011-03-16
10-Q 2010-09-30 Filed 2010-11-15
10-Q 2010-06-30 Filed 2010-08-16
10-Q 2010-03-31 Filed 2010-05-11
10-K 2009-12-31 Filed 2010-03-02
8-K 2020-05-20 Earnings, Exhibits
8-K 2020-05-07 Other Events, Exhibits
8-K 2020-04-14 Earnings, Exhibits
8-K 2020-04-06 Other Events, Exhibits
8-K 2020-03-09 Other Events, Exhibits
8-K 2020-02-28 Other Events, Exhibits
8-K 2020-02-11 Other Events, Exhibits
8-K 2020-01-27 Shareholder Rights, Amend Bylaw, Exhibits
8-K 2020-01-23 Other Events, Exhibits
8-K 2020-01-07 Other Events, Exhibits
8-K 2019-12-19 Other Events, Exhibits
8-K 2019-12-18 Shareholder Vote
8-K 2019-12-12 Other Events, Exhibits
8-K 2019-11-14 Earnings, Exhibits
8-K 2019-10-30
8-K 2019-09-13
8-K 2019-08-20
8-K 2019-08-14 Earnings, Exhibits
8-K 2019-08-09 Other Events, Exhibits
8-K 2019-06-03 Other Events, Exhibits
8-K 2019-05-13 Earnings, Exhibits
8-K 2019-04-22 Officers
8-K 2019-04-22
8-K 2019-04-11 Other Events, Exhibits
8-K 2019-04-02 Other Events, Exhibits
8-K 2019-03-15 Earnings, Exhibits
8-K 2019-02-05
8-K 2018-12-21
8-K 2018-11-13 Earnings, Exhibits
8-K 2018-10-18 Amendment, Exhibits
8-K 2018-09-26 Other Events, Exhibits
8-K 2018-08-10 Earnings, Exhibits
8-K 2018-07-05 Other Events, Exhibits
8-K 2018-06-21 Shareholder Vote
8-K 2018-05-10 Earnings, Exhibits
8-K 2017-12-31

Gulf Resources Financials

GURE Metrics, Comps, Filings

Quarterly | Annual

Business

We manufacture and trade bromine and crude salt, natural gas, manufacture and sell chemical products used in oil and gas field exploration, oil and gas distribution, oil field drilling, papermaking chemical agents, and manufacture and sell materials for human and animal antibiotics. To date, our products have been sold only within the People's Republic of China. As used in this report, the terms "we," "our," "Company" and "Gulf Resources" refers to Gulf Resources, Inc. and its wholly-owned subsidiaries, and the terms “ton” and “tons” refers to metric tons, in each case, unless otherwise stated or the context requires otherwise.

The functional currency of the Company's operating foreign subsidiaries is the Renminbi (“RMB”), which had an average exchange rate of $0.14811 and $0.15143 during fiscal years 2017 and 2018, respectively. The reporting currency of the Company is the United States dollar (“USD” or $”).

We were originally incorporated in Delaware and subsequently re-incorporated in Nevada. From November 1993 through August 2006, we were engaged in the business of owning, leasing and operating coin and debit card pay-per copy photocopy machines, fax machines, microfilm reader-printers and accessory equipment under the name “Diversifax, Inc.”. Due to the increased use of internet services, demand for our services declined sharply, and in August 2006, our Board of Directors decided to discontinue our operations.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Equity

Income Statement ($MM Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($MM Quarterly)

Ops, Inv, Fin

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Advanced Emissions Solutions (ADES) 264,786 10% 4.6 19% 178,728 71,428 64,665 6,594 33,437 64,359 294,979
Venator Materials (VNTR) 264,368 12% 17.5 -3% 2,330,000 1,485,000 2,150,000 249,000 -66,000 56,000 977,368
NL Industries (NL) 198,924 31% 2.2 4% 555,348 231,887 122,009 37,939 24,388 28,401 61,282
Flotek Industries (FTK) 124,498 -5% 0.4 16% 249,357 37,646 143,276 -6,767 40,276 48,367 17,504
LSB Industries (LXU) 103,000 8% 10.4 -4% 1,129,781 846,285 385,904 29,673 -48,748 47,345 492,970
Tantech Holdings (TANH) 50,782 0% 134,194 24,208 0 0 0 0 40,912
Gevo (GEVO) 47,193 -55% -1.5 -23% 95,468 18,548 17,599 -9,707 -21,845 -16,996 26,249
Gulf Resources (GURE) 46,631 49% 36.6 -6% 287,947 21,824 10,597 5,166 -18,671 -1,600 -58,587
Flexible Solutions International (FSI) 29,344 31% 7.5 5% 33,513 12,613 26,462 8,265 1,778 3,603 26,879
Delta Technology Holdings (DELT) 13,293 0% 67,175 89,982 0 0 0 0 12,275
Synthesis Energy Systems (SES) 6,178 87% -1.0 -125% 9,010 7,748 422 369 -11,219 -9,879 9,502
Pacific Ethanol (PEIX) 28 -3% -7.4 -12% 652,860 380,345 1,067,264 -34,155 -79,872 -30,392 225,492
Aemetis (AMTX) 21 5% -15.2 -33% 96,683 243,435 149,896 6,904 -31,823 -12,871 196,229
Hydrogenics (HYGS)
Methanex Corporation (MEOH)
Sinopec Shanghai Petrochemical (SHI) 0% 44,385,897 13,923,456 0 0 0 0 -8,719,811
Urban Tea (MYT) 0% 10,847 1,695 0 0 0 0 -4,669
Element Solutions (ESI) 43% 8.3 0% 4,273,100 2,152,600 1,859,600 799,200 4,200 160,000 1,321,700
Westlake Chemical Partners (WLKP) 32% -0.0 23% 1,407,056 444,325 1,154,798 369,460 322,567 403,458 -18,647
Green Plains Partners (GPP) 0% 3.4 26% 119,758 194,696 85,319 0 31,089 40,409 139,072

Balance Sheet ($'000)2011-09-302011-12-312012-03-312012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash85,82278,57681,86758,64465,24178,49286,42397,205107,829119,263128,952131,867146,586111,413118,028120,892133,606148,412146,273141,084163,885172,804176,303193,386208,907236,721215,976208,246178,999179,653160,354105,219
Accounts Receivable24,28321,92027,27941,93135,97030,89239,16341,54344,88541,33545,30348,33441,99860,37875,42974,28049,98051,62671,33671,39751,83560,62686,85971,79229,76610,2474,6503960216,7159,674
Inventory3,1514,4384,7674,7875,9945,4045,3715,8055,3025,7715,5745,2735,3687,0006,7567,3707,1816,9586,7085,7725,8825,1484,8432,4311,1971941816500454681
PP&E138,917147,201141,741213,400228,147228,749232,091232,889237,628235,538235,465240,720242,118269,519270,777268,564274,868276,301269,635282,071255,575257,153261,890267,320277,545288,348282,321217,379234,686248,625280,254297,634
Assets258,779258,328261,798269,119278,193279,629291,497301,726309,245309,614316,346320,998322,982354,325369,026367,240356,743367,145374,776377,708365,691378,335405,265402,569387,499397,340370,844336,500298,547310,980329,564287,947
Accounts Payable3,5263,7984,6315,1744,8273,9994,4054,9964,1603,18115,19315,83111,0638,83511,09114,2569,6557,5139,43313,3913,438003900
Long-Term Debt
Liabilities20,14815,21515,10514,17313,96912,74914,43515,02614,25013,22314,30813,89910,90924,70426,81828,90818,63220,66624,85619,89016,23018,75324,6649,73110,93911,80810,7125,1984,69315,84241,72221,824
Stockholders' Equity238,631243,113246,693254,946264,224266,880277,062286,700294,995296,391302,037307,100312,073329,621342,208338,332338,111346,478349,920357,817349,461359,583380,601392,838376,560385,532360,132331,302293,853295,137287,842266,123
Income Statement ($'000)2011-09-302011-12-312012-03-312012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue37,76230,53923,80924,53022,04722,50332,85432,93530,10025,59231,75331,10725,20834,91149,35042,60235,45534,49547,60138,81228,36732,78847,53223,8403,3622,2475343396,0094,549
Cost of Revenue23,82420,12817,11617,10017,83417,98524,14622,00620,95718,73422,56721,90118,53525,48132,28027,00124,27423,88229,19523,10818,60120,21426,93214,5181,4931,242068362,9902,404
Gross Profit13,93810,4116,6937,4304,2134,5178,70810,9299,1436,8589,1869,2066,6739,43017,07015,60111,18010,61418,40615,7049,76612,57520,6009,3221,8691,005527523,0192,145
R&D34514328311854333531333140486369496070686462654226000
SG&A5,4596,3592,1122,3379721,9692,4221,9622,2091,3211,7021,8952,2441,9811218321,4221,9161,0101,6148951,8042,2724,5173003,6071,1471,3342,1051,3425,026
Tax3,1801,9001,6891,5291,4277422,0492,8181,9982,5711,9341,7331,1911,8713,8433,2902,3672,3194,2103,5191,8142,8224,8214,9571,5230000-3666,729
Net Income5,5849803,2874,1131,9071,8835,3568,1105,6194,2865,6655,0382,8825,31510,77510,6797,2986,46713,19710,5166,0468,07513,7523,426-22,701-6,977-4,813-19,493-4,904-738-13,029
Cash Flow ($'000)2011-09-302011-12-312012-03-312012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating5,5063,31414,02313,3487,35810,6838,76212,82010,2839,37314,09817,7806,74910,38735,48514,3723,09811,74426,0028,4231,08113,97439,27419,8991,4931,588-264-6,502-5,555
Cash Investing-13,222-109-7,952-290-299-363990-351-282-6,469-79-52,556-307-2,844-20,066-384-1,104-15,9362,462-385-494-604-26,937-489-10,538-1,071-2,528-8,974-45,816
Cash Financing00000-62-38-307000-287000-000