Company: CHNR
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001079973-25-000827
Chunk: 103

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-05-15
Form: 20-F
Item: Item 5
Chunk 103
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 sales from discontinued operations decreased by CNY8.62 million from CNY14.49 million for the year ended December 31, 2022 to CNY5.87 million for the period ended July 28, 2023. The decrease in cost of sales was mainly caused by the shorter operating period of the discontinued operations due to our disposal of PST Technology in July 2023.
 Selling and Distribution Expenses. Selling and distribution expenses from discontinued operations decreased by CNY0.26 million from CNY0.70 million for the year ended December 31, 2022 to CNY0.44 million for the period ended July 28, 2023. The decrease was mainly due to tighter expense control efforts in 2023 and the shorter operating period of the discontinued operations due to our disposal of PST Technology in July 2023.
 Administrative Expenses. Administrative expenses from discontinued operations decreased by CNY5.80 million from CNY11.50 million for the year ended December 31, 2022 to CNY5.70 million for the period ended July 28, 2023. The decrease was mainly caused by one-off technology consultancy fees incurred in 2022 for certain water treatment projects.
 Other Income/(Losses). Other income/(loss) from discontinued operations decreased by CNY0.07 million from CNY0.21 million of loss for the year ended December 31, 2022 to CNY0.14 million of income for the period ended July 28, 2023. No material fluctuation was noted.

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Impairment (Losses)/Reversal on Financial Assets. Impairment (losses)/reversal on financial assets from discontinued operations decreased by CNY11.00 million from CNY1.07 million of reversal for the year ended December 31, 2022 to a loss of 9.93 million for the period ended July 28, 2023. The decrease was the result of an expected credit loss assessment of receivables and contract assets, due to the fact that the amount of uncollected and aged receivables and contract assets was relatively higher than the amount in 2022.
 Finance Costs. Finance costs from discontinued operations decreased by CNY1.68 million from CNY3.59 million for the year ended December 31, 2022 to CNY1.91 million for the period ended July 28, 2023. This was mainly due to the shorter operating period of