Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 100

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 100
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5.15 million, from CNY1.04 million of profit for the
year ended December 31, 2022 to CNY4.11 million of loss for the period ended July 28, 2023.

Years Ended December 31, 2022 and 2021

Revenue.
Revenue from discontinued operations increased by CNY1.57 million from CNY18.74 million for the year ended December 31,
2021 to CNY20.31 million for the year ended December 31, 2022. The increase in revenues was mainly caused by the confirmed
progress of services provided for constructions projects commenced in prior years.

Cost of sales.Cost of sales from discontinued operations decreased by CNY4.00 million from CNY18.49 million for the year ended December 31,
2021 to CNY14.49 million for the year ended December 31, 2022. This decrease was mainly due to the deferral in the execution of
some new or ongoing projects during the first half of 2022 as a result of the then strict pandemic controls in Shanghai.

Selling and Distribution Expenses.Selling and distribution expenses from discontinued operations decreased by CNY0.22 million from CNY0.92 million
for the year ended December 31, 2021 to CNY0.70 million for the year ended December 31, 2022. The decrease was mainly due to
tighter expense control efforts in 2022.

Administrative Expenses.Administrative expenses from discontinued operations decreased by CNY0.29 million from CNY11.79 million for
the year ended December 31, 2021 to CNY11.50 million for the year ended December 31, 2022. No material fluctuation was
noted for the year 2021 and 2022.

Other Income/(Losses).Other income from discontinued operations increased by CNY0.99 million from CNY0.78 million of loss for the year ended December 31,
2021 to CNY0.21 million of income for the year ended December 31, 2022. The increase in other income was mainly caused by other
income relating to impairment reversal of other receivables, which were fully impaired and written off in prior years but collected in
2022, and other loss relating to the return of tax refund to tax authorities in 2021.

Impairment (Losses)/Reversal on Financial Assets. Impairment losses