SEC filings · customer concentration · GURE

Gulf Resources's major customers

Shandong Morui Chemical accounted for 17% of Gulf Resources's revenue in FY 2025, about the same as 19% a year earlier.

4major customers now
60%of revenue from them
0listed suppliers depending on it
2023–2026years covered
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Major customers of Gulf Resources

Customers that Gulf Resources named in its annual report as 10% or more of revenue. A missing year means the customer was below that line or not named.

CustomerShare of revenueChange vs prior yearHistoryLatest filing
Shandong Morui Chemical17%from 19%FY 2023: 16%FY 2024: 19%FY 2025: 17%3 yearsFY 2025 · filed 17 Aug 2026
Shandong Brother Technology16%from 18%FY 2023: 16%FY 2024: 18%FY 2025: 16%3 yearsFY 2025 · filed 17 Aug 2026
Shandong Shouguang Shenrunfa Marine Chemical14%newFY 2023: 10%FY 2025: 14%2 yearsFY 2025 · filed 17 Aug 2026
Shouguang Weidong Chemical13%from 16%FY 2023: 14%FY 2024: 16%FY 2025: 13%3 yearsFY 2025 · filed 17 Aug 2026

About this data

US-listed companies must disclose revenue from any single customer that reaches 10% of their total (ASC 280). ShadowGraph reads these disclosures from the XBRL data of every 10-K and 20-F we scan, keeps one value per fiscal year (restatements replace earlier values) and links each number to its filing. Companies that describe a customer only as "Customer A" are not listed by name. Figures are as reported; nothing here is investment advice.

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