The company's principal external suppliers are Laizhou Shengfu Chemical Company Limited, Weifang Wanhong Chemical Company Limited, Shandong Xinlong International Trade Company Limited, and Shouguang Runfeng Trading Company Limited. In the years ended December 31, 2025 and 2024, the company purchased 100% of its raw materials for bromine and crude production from these four suppliers. No raw materials for chemical product production were purchased during these years. The company is expanding its production capacity by exploring new bromine and crude salt resources in Sichuan Province, including natural gas resources associated with its bromine well. It has encountered regulatory requirements and approvals related to its natural gas and brine water projects in Sichuan Province and is engaged in discussions with the government of Daying County regarding a joint venture for exploration and production. On September 1, 2017, production at all factories was ordered to halt by the Government of Yangkou Town, Shouguang City, for rectification and compliance improvements.
Gulf Resources Inc's Comment on Supply Chain
The company's principal external suppliers are Laizhou Shengfu Chemical Company Limited, Weifang Wanhong Chemical Company Limited, Shandong Xinlong International Trade Company Limited, and Shouguang Runfeng Trading Company Limited. In the years ended December 31, 2025 and 2024, the company purchased 100% of its raw materials for bromine and crude production from these four suppliers. No raw materials for chemical product production were purchased during these years. The company is expanding its production capacity by exploring new bromine and crude salt resources in Sichuan Province, including natural gas resources associated with its bromine well. It has encountered regulatory requirements and approvals related to its natural gas and brine water projects in Sichuan Province and is engaged in discussions with the government of Daying County regarding a joint venture for exploration and production. On September 1, 2017, production at all factories was ordered to halt by the Government of Yangkou Town, Shouguang City, for rectification and compliance improvements.
Sources:
Gulf Resources Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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