GULF RESOURCES, INC.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $107.5M | $149.3M | $162.3M | $113.7M | $118.4M | $101.7M | $165.0M | $158.3M |
| Cost of Revenue | $63.2M | $94.8M | $109.0M | $81.7M | $84.2M | $73.4M | $89.5M | $80.3M |
| Gross Profit | $44.4M | $54.5M | $53.3M | $31.9M | $34.2M | $28.3M | $75.4M | $78.1M |
| Gross Margin | 41.3% | 36.5% | 32.8% | 28.1% | 28.9% | 27.8% | 45.7% | 49.3% |
| Operating Expenses | ||||||||
| Research & Development | $195.2K | $261.9K | $230.6K | $134.3K | $140.4K | $164.6K | $398.8K | $2.2M |
| SG&A Expense | $278.6K | $343.1K | $375.4K | $7.2M | $8.6M | $6.8M | $17.9M | $6.9M |
| Operating Income | $11.2M | $47.7M | $45.2M | $23.8M | $28.4M | $20.5M | $44.3M | $69.1M |
| Operating Margin | 10.4% | 32.0% | 27.8% | 21.0% | 24.0% | 20.1% | 26.9% | 43.6% |
| Interest Expense | $164.3K | $174.9K | $194.0K | $203.3K | $208.3K | $210.7K | $212.4K | $1.1K |
| Pretax Income | $11.6M | $48.0M | $45.4M | $24.1M | $28.6M | $20.6M | $44.4M | $69.3M |
| Income Tax Expense | $3.6M | $11.8M | $11.4M | $6.2M | $7.6M | $5.6M | $13.4M | $18.1M |
| Net Income | $8.0M | $36.2M | $34.1M | $17.9M | $21.0M | $15.0M | $31.0M | $51.3M |
| Net Margin | 7.4% | 24.3% | 21.0% | 15.7% | 17.7% | 14.7% | 18.8% | 32.4% |
| EPS (Basic) | $0.17 | $0.78 | $0.75 | $0.46 | $0.55 | $0.43 | $0.89 | $1.48 |
| EPS (Diluted) | $0.17 | $0.78 | $0.74 | $0.46 | $0.54 | $0.43 | $0.89 | $1.48 |
| Shares Outstanding (Basic) | 46.8M | 46.3M | 45.2M | 38.7M | 38.4M | 34.7M | 34.7M | 34.6M |
| Shares Outstanding (Diluted) | 46.8M | 46.6M | 46.1M | 39.3M | 38.8M | 35.1M | 34.7M | 34.7M |
| Dividends Per Share | — | — | — | — | — | — | — | — |