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Gulf Resources Inc (GURE.OQ)

GURE.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Gulf Resources says closing certain factories to meet new environmental rules in China
Thursday, 7 Sep 2017 11:00am EDT 

Sept 7 (Reuters) - Gulf Resources Inc ::Gulf Resources announces the closing of its bromine, crude salt and chemical factories for rectification and improvement in order to meet the new environmental rules in China.While there is no way of knowing how much all of steps relating to closure will cost, co believes it could be between $15 and $30 million​.On Sept 1, got letters which stated that to improve safety of chemical enterprises, plants are requested to stop production.Local government requested that facilities be closed, so that facilities can undergo inspection and analysis​.Letters stated that plants to perform rectification, improvements in line with China's new safety, environmental protection requirements​.Over short term, prices of commodities to increase as there are temporary shortages.At this time, co does not know timing of further inspections/cost of remediation, improvement, nor how long factories will be closed​.  Full Article

Gulf Resources Q2 earnings per share $0.29
Friday, 11 Aug 2017 04:45pm EDT 

Aug 11 (Reuters) - Gulf Resources Inc :Gulf Resources reports second quarter 2017 financial results.Q2 earnings per share $0.29.Q2 earnings per share $0.30 excluding items.Qtrly total net revenue were $47.5 million versus. $47.6 million.Gulf Resources Inc qtrly ‍adjusted diluted EPS $0.3​.  Full Article

Gulf Resources temporarily suspends production at Sichuan Province well
Monday, 10 Jul 2017 08:00am EDT 

July 10 (Reuters) - Gulf Resources Inc :Gulf resources announces temporary suspension of production at its first natural gas well in sichuan province.Gulf resources inc - ‍in initial stages of production, content of natural gas did not meet expected quality standards​.Gulf resources inc - ‍gulf resources continues to be optimistic about both its core business and opportunities in sichuan province​.Gulf resources inc - ‍at present time, gulf expects to report strong results in bromine and improved results in chemicals for q2 of 2017​.Gulf resources- ‍overall, excluding potential extraordinary items, currency exchange problem, expects to report sales in q2 2017 increased over previous year​.Gulf resources inc - ‍also expects to report that earnings and earnings per share increased by double digits in q2 2017​.Gulf resources inc - ‍believes suspension will not change intermediate to long-term opportunities for natural gas production in sichuan province​.  Full Article

Gulf Resources discusses sales of shares by executive officers
Friday, 9 Jun 2017 08:30am EDT 

June 9 (Reuters) - Gulf Resources Inc :Gulf Resources discusses sales of shares by executive officers.Executives continue to hold 271,725 shares in aggregate, that were not on deposit at ASTIS​.‍Executives agreed they will sign a lock-up agreement with company to restrict sale of remainder of their shares for next three years​.Today announced a statement on sales of shares in company by three executive officers​.On May 24, AST Investor Services, notified its holders of personal brokerage accounts is filing broker-dealer withdrawal with FINRA​.On May 24, ASTIS notified its holders of personal brokerage accounts is ceasing its broker-dealer operations as of June 15, 2017.Due to short timeframe certain of co's executive officers who had accounts at ASTIS were unable to find new brokerage to hold shares​.Co's executive officers decided to sell their shares deposited at ASTIS, which is a portion of their total holding shares​.‍ASTIS's decision to cease operations as broker-dealer has no impact on business, operations, financial condition/results of operations of co​.‍ASTIS's action only had consequences for personal brokerage accounts of executive officers​.  Full Article

Gulf Resources Q1 earnings per share $0.17
Friday, 12 May 2017 04:45pm EDT 

May 12 (Reuters) - Gulf Resources Inc ::Gulf Resources reports first quarter 2017 financial results.Q1 earnings per share $0.17.Sees FY 2017 sales up 3 to 8 percent.Gulf Resources Inc- Q1 of 2017, revenues declined 5% to $32.8 million.  Full Article

Gulf Resources announces contract with Sichuan Heshun Natural Gas Sales
Wednesday, 3 May 2017 08:30am EDT 

May 3 (Reuters) - Gulf Resources Inc ::Contract with Sichuan Heshun Natural Gas Sales; under contract, co will sell 8,000 cubic meters of natural gas each day to Sichuan.  Full Article

Gulf resources reports merger of Yuxin and Rongyuan
Tuesday, 30 Aug 2016 08:00am EDT 

Gulf Resources Inc : Gulf resources announces the merger of Yuxin chemical and Rongyuan chemical . Under terms of agreement, Yuxin will acquire Rongyuan. . Gulf Resources Inc says under terms of agreement, Yuxin will acquire Rongyuan .Gulf Resources Inc says after merger is completed, during q3 of 2016, Yuxin will be surviving division.  Full Article

Gulf Resources Inc - "We believe we will begin production on first well in October or November"
Wednesday, 10 Aug 2016 04:45pm EDT 

Gulf Resources Inc : Gulf Resources reports second quarter 2016 financial results . Q2 earnings per share $0.28 . Q2 revenue fell 4 percent to $47.6 million . "We are looking for various strategies for reducing our cost structure in chemical segment" ."We believe we will begin production on first well in October or November".  Full Article

Gulf Resources announces sales and earnings guidance for 2016
Wednesday, 18 May 2016 08:00am EDT 

Gulf Resources Inc : Gulf Resources announces sales and earnings guidance for 2016 . For year 2016, Gulf Resources Projects annual revenue from $160-$170 million . 2016 net income is projected to be between $35-36 million, compared to $34.1 million in 2015 . Sees 2016 fully diluted EPS should equal or somewhat exceed $0.74 reported in 2015 . For Q2, revenues should be between $49-$50 million . Sees Q2 net income should be between $10-$11 million, as compared to $10.8 million in Q2 of 2015 .Sees Q2 EPS should be between $0.21-$0.24, compared to $0.23 in Q2 of 2015.  Full Article

Gulf Resources Q1 earnings per share $0.14
Wednesday, 11 May 2016 04:30pm EDT 

Gulf Resources Inc : Utilization ratio decreased by 2% for three-month period ended march 31, 2016 . "do not know how Chinese economy will fare during remainder of 2016" . Gulf Resources reports first quarter 2016 financial results . Q1 earnings per share $0.14 .Q1 revenue fell 1 percent to $34.5 million.  Full Article

BRIEF-Gulf Resources says closing certain factories to meet new environmental rules in China

* Gulf Resources announces the closing of its bromine, crude salt and chemical factories for rectification and improvement in order to meet the new environmental rules in China

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