Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 99

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 99
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-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.

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 the discontinued operations due to our disposal of PST Technology in July 2023.

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Finance Income.Finance income from discontinued operations decreased by CNY6.80 million from CNY15.59 million for the year
ended December 31, 2022 to CNY8.79 million for the period ended July 28, 2023. The decrease in finance income was mainly
due to the decrease of interest income from the service concession arrangement relating to a financing component, which arose due to
a guaranteed 28-year-long collection period for construction services for the Wujiang Project and the shorter operating period of the
discontinued operations due to our disposal of PST Technology in July 2023.

Income Tax Expense.
Income tax expense from discontinued operations decreased by CNY3.93 million from CNY5.86 million for the year ended December 31,
2022 to CNY1.93 million for the period ended July 28, 2023. The decrease was mainly caused by lower revenue in 2023.

(Loss)/Profit.As
a result of the foregoing, profit for discontinued operations decreased by CNY