Gulf Resources, Inc

[v80alue]

GURE, Just to show how CCM didn't do good reserach in Bromine Producer in China. How can Kerrisdale's hit piece relying on shaky research data ?

1)Haiwang's website shows it has 18000MT Bromine Capacity. Its S1 filng confirms that.
http://en.sdhwchem.com/products_detail/&productId=40466a21-c92b-43c9-a656-d3e97245017b&comp_stats=comp-FrontProducts_list01-1282098372783.html

GURE 10k did not even list them as competitor.
CCM's top 30 list does not have Haiwang

2)GURE's competitor Dadi salt Company claims 15000MT in its website
http://user.sm160.com/Company/Profile/1-000-0098-277.html

CCM's top 30 list does not have Haiwang.

3) Shouguang Bromine Association 2009 data list Haoyuan as #1 as local producer with over 20000MT in 2009 and over 30000MT in 2010. In the same list #2 is Dadi with only 5600MT. Dadi grew by 10000MT since 2009 in the same pace as Haoyuan grew.

http://www.sgxsxh.com/newshow.asp?id=547

Many should be in top 30 list if data is up to date but not.