Company: CHNR
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001079973-25-000827
Chunk: 102

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-05-15
Form: 20-F
Item: Item 5
Chunk 102
---
31, 2024.
Years Ended December 31, 2023 and 2022 
 Administrative Expenses. Administrative expenses decreased by CNY12.37 million from CNY25.25 million for the year ended December 31, 2022 to CNY12.88 million for the year ended December 31, 2023. The decrease was mainly caused by the one-off option awards granted on July 14, 2022 to certain eligible individuals covering an aggregate of 8,100,000 of the Company’s common shares under the 2014 Plan.
 Other Income. Other income increased by CNY3.04 million from CNY0.70 million for the year ended December 31, 2022 to CNY3.74 million for the year ended December 31, 2023. The increase was mainly caused by government compensation received in 2023 for termination of 5 mine exploration rights in Dengkou County, Inner Mongolia Autonomous Region.
 Fair Value Gain/(Loss) on Financial Instruments, net. Fair value gain on financial instruments, net decreased by CNY0.16 million from CNY1.01 million for the year ended December 31, 2022 to CNY0.85 million for the year ended December 31, 2023. The decrease was caused by the fluctuation of fair values of the Company’s outstanding warrants.
 Profit/(loss) for the year from discontinued operations, net of tax. The profit for the year from discontinued operations, net of tax decreased by CNY5.15 million from CNY1.04 million for the year ended December 31, 2022 to a loss of CNY4.11 million for the period ended July 31, 2023. The loss in 2023 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.
 Net Profit/(Loss). As a result of the foregoing, our net loss decreased by CNY9.86 million from CNY22.30 million for the year ended December 31, 2022 to CNY12.44 million for the year ended December 31, 2023.
 

46
--
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