Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 97

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 97
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, 2021
to CNY0.19 million for the year ended December 31, 2022. This was mainly due to exchange gain/(loss) on the appreciation/(depreciation)
of foreign currency deposits.

Finance Income.Finance income was CNY0.01 million for the year ended December 31, 2021, and the same for the year ended December 31,
2022.

Income Tax Expense.
Income tax expense decreased by CNY5.10 million from CNY5.10 million for the year ended December 31, 2021 to nil for the
year ended December 31, 2022. The decrease was due to no revenue generated from continued operations in 2022.

Profit/(loss) for the year from discontinued operations, net of tax. The profit for the year from discontinued operations, net of tax increased
by CNY12.13 million from a loss of CNY11.09 million for the year ended December 31, 2021 to a profit of CNY1.04 million for the
period ended December 31, 2022. The increase of profit was due to higher revenue and gross profit margin in 2022.

Net Loss.As a result of the foregoing,
our net loss decreased by CNY32.67 million, from CNY54.97 million for the year ended December 31, 2021 to CNY22.30 million for the
year ended December 31, 2022.

| 59 |

Results of Operations – Discontinued Operations

The following table sets out the results of
operations of our discontinued operations for the periods indicated:

|                                                                    |     |                                Year 
                  Ended December 31, |         |   |     |      |         |   |     |                                             |        |   |     |                   Six 
 Months Ended June 30, |         |   |     |      |   |     |      |   |
|:-------------------------------------------------------------------|:----|------------------------------------:|--------:|:--|:----|-----:|--------:|:--|:----|--------------------------------------------:|-------:|:--|:----|----------------------:|--------:|:--|:----|-----:|:--|:----|-----:|:--|
|                                                                    |     |                            -Amounts 
 in thousands, except per share data |         |   |     |      |         |   |     |                                             |        |   |