Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 105

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 105
---
4,753 |   |     |     |    671 |   |     |                       | 32,209 |   |     |                  |   8,779 |   |     |                  |  1,208 |   |

Operating Activities

Net cash used in operating
activities was CNY11.85 million (US$1.63 million) for the six months ended June 30, 2024, compared to net cash inflows of CNY3.05 million
for the same period in 2023. The decrease of cash inflows from operations was mainly caused by the disposal of PSTT, the water treatment
business, on July 28, 2023.

Net cash generated from operating
activities was CNY13.33million in 2023, compared to net cash used in operating activities of CNY12.79 million in 2022. The increase of
cash inflows from operations in 2023 was mainly attributable to decreased operating loss in 2023.

Net cash used in operating activities was CNY12.79 million in 2022, compared
to CNY12.07 million in 2021. No material fluctuation was noted for the year ended 2022 and 2021.

Investing Activities

Net cash used in investing
activities was CNY4.00 thousand (US$1 thousand) for the six months ended June 30, 2024, compared to net cash used in investing activities
of CNY1.05 million for the same period in 2023. The cash outflows in 2023 mainly represent expenditures on mine development.

Net cash used in investing
activities was CNY1.05 million in 2023, as compared to net cash from investing activities of CNY7.05 million in 2022. The cash inflows
from investing activities in 2022 mainly represents loan interests received from loan due from Shenzhen Chaopeng Investment Co., Limited
(“Shenzhen Chaopeng”), an unrelated company.

Net cash from investing activities
was CNY7.05 million in 2022, compared to CNY53.35 million in 2021. The cash inflows in 2022 mainly represents loan interests received
from loan due from Shenzhen Chaopeng, an unrelated company. The cash inflows in 2021 mainly represents repayments from Xizang Xingwang,
a related party, of an unsecured, non-interest bearing loan extended by