Gulf Resources, Inc. ("Gulf Resources" or the "Company") is a leading provider of chemical products in the People's Republic of China ("PRC"). The Company operates through its two wholly-owned subsidiaries; Shouguang City Haoyuan Chemical Co. Ltd ("SCHC"), which primarily produces and distributes bromine and crude salt, and Shouguang Yuxin Chemical Industry Co. Ltd ("SYCI"), which focuses on manufacturing and selling chemical products.
Elemental bromine is used to manufacture a wide range of compounds utilized in manufacturing industries and in agriculture. The Company's chemical products are currently utilized in a variety of applications, including oil & gas field exploration, papermaking chemical agents, wastewater treatment chemicals, and inorganic chemicals, such as industrial refrigeration chemicals. The Company has also developed proprietary pharmaceutical intermediary products that await commercialization.
Gulf Resources became a U.S. publicly traded company in December 2006 and started trading on NASDAQ in October 2009.