Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 95

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 95
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 the period from discontinued operations, net of tax decreased by CNY4.96
million (US$0.68 million) from CNY4.96 million for the six months ended June 30, 2023 to nil for the six months ended June 30, 2024.
The decrease was as a result of an expected credit loss assessment of receivables and contract assets in 2023, due to the fact that the
amount of uncollected and aged receivables and contract assets was relatively higher than the amount in 2022.

Net Loss.As
a result of the foregoing, our net loss decreased by CNY9.34 million (US$1.29 million), from CNY9.46 million for the period ended June
30, 2023 to CNY0.12 million (US$0.02 million) for the period ended June 30, 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 reimbursement 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 December31, 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