DALLAS, May 18, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Gulf Resources Inc. (Nasdaq:GFRE). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
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Gulf Resources Inc. (GFRE) is a leading manufacturer of bromine, crude salt and specialty chemical products in China. The Company operates through its two wholly owned subsidiaries, Shouguang City Haoyuan Chemical Co. Ltd., which primarily produces and distributes bromine and crude salt; and Shouguang Yuxin Chemical Industry Co. Ltd., 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 and 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. To date, GFRE's products have been sold only within the People's Republic of China.
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In the report, the analyst notes:
"Shares of GFRE surged in Tuesday's trading after the China-focused bromine and crude salt producer announced its financial results for the first quarter of 2011, showing that it has nearly doubled its net profits over the past year on higher revenue."
"The Company intends to maximize sales this year in light of higher bromine prices, while gradually ramping up additional bromine and crude salt production capacity. It also expects a higher contribution to growth from its chemical product segment, as it added capacity from the wastewater treatment chemical additive production line."
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