$CHNR

CHINA NATURAL RESOURCES INC

CIK:0000793628|SEC Filings

CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
¥ in Thousands, $ in Thousands

12 Months Ended

Dec. 31, 2025

USD ($)

$ / shares

Dec. 31, 2025

CNY (¥)

¥ / shares

Dec. 31, 2024

CNY (¥)

¥ / shares

Dec. 31, 2023

CNY (¥)

¥ / shares

CONTINUING OPERATIONS

Administrative expenses

$ (472)

¥ (3,299)

¥ (7,199)

¥ (12,883)

Other income

3,742

Fair value gain on financial instruments, net

297

2,077

3,996

847

Finance costs

(6)

(44)

(28)

(48)

Finance income

LOSS BEFORE INCOME TAX

(176)

(1,231)

(3,160)

(8,337)

Income tax expense

LOSS FOR THE YEAR FROM CONTINUING OPERATIONS

(176)

(1,231)

(3,160)

(8,337)

DISCONTINUED OPERATIONS

Profit/(loss) for the year from discontinued operations, net of tax

(4,106)

LOSS FOR THE YEAR

(176)

(1,231)

(3,160)

(12,443)

Owners of the Company

From continuing operations

(176)

(1,231)

(3,160)

(8,337)

From discontinued operations

(5,504)

Non-controlling interests

From continuing operations

From discontinued operations

1,398

LOSS FOR THE YEAR

$ (176)

¥ (1,231)

¥ (3,160)

¥ (12,443)

Basic and diluted

Basic loss from continuing operations | (per share)

$ (0.14)

¥ (0.98)

¥ (2.62)

^[1]

¥ (8.11)

^[1]

Diluted loss from continuing operations | (per share)

(0.14)

(0.98)

(2.62)

^[1]

(8.11)

^[1]

Basic loss from discontinued operations | (per share)

(5.35)

Diluted loss from discontinued operations | (per share)

(5.35)

Basic Loss per share | (per share)

(0.14)

(0.98)

(2.62)

(13.46)

Diluted Loss per share | (per share)

$ (0.14)

¥ (0.98)

¥ (2.62)

¥ (13.46)

[1]	Retrospectively restated for effect of the 8-to-1 share combination effective on June 13, 2025, see Note 19(a).

CONSOLIDATED STATEMENTS OF CASH FLOWS ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025 USD ($)	Dec. 31, 2025 CNY (¥)	Dec. 31, 2024 CNY (¥)	Dec. 31, 2023 CNY (¥)
OPERATING ACTIVITIES
Loss before income tax for the year	$ (176)	¥ (1,231)	¥ (3,160)	¥ (10,512)
From continuing operations	(176)	(1,231)	(3,160)	(8,337)
From discontinued operations				(2,175)
Adjustments for:
Interest expenses			6	1,977
Interest income				(4,013)
Gain on disposal of property, plant and equipment	(5)	(34)	(2)
Consultants share-based payment expenses			125	3,074
Expenses related to issuance of shares			1,354
Fair value loss/(gain) on financial instruments, net	(297)	(2,077)	(3,996)	(847)
Depreciation of property, plant and equipment	1	5	4	100
Depreciation of right-of-use assets			346	1,050
Amortization of intangible assets				460
Impairment loss on trade receivables				383
Impairment losses on contract assets				3,545
Impairment losses on other receivables				6,003
Changes in working capital
Inventories				(182)
Trade and bills receivables				(4,406)
Contract assets				(1,550)
Prepayments	1	8	(136)	765
Other receivables	(1)	(11)	(14)	18
Other current assets
Trade payables			180	1,297
Other payables and accruals	(340)	(2,385)	(2,124)	5,749
Provisions				(494)
Cash from/(used in) operations	(817)	(5,725)	(7,417)	14,329
Income tax paid				(1,001)
Net cash flows from/(used in) operating activities	(817)	(5,725)	(7,417)	13,328
INVESTING ACTIVITIES
Proceed from disposal of property, plant and equipment	7	50	5
Purchase of property, plant and equipment			(4)	(12)
Expenditures on mine development				(1,042)
Net cash flows from /(used in) investing activities	7	50	1	(1,054)
FINANCING ACTIVITIES
Repayments of bank loans				(1,500)
Advances from related companies	325	2,276	1,292	3,932
Repayment to related companies			(3,150)
Repayment to related companies			3,150
Advances from the Shareholder			6,898
Repayments to the Shareholder	(371)	(2,595)	(7,892)
Payment of principal portion of lease liabilities			(373)	(925)
Payment of interest expenses on lease liabilities			(6)	(99)
Net proceed from issuance of shares			18,342
Net cash outflow for the distribution of CHNR's 100% equity interest of PSTT				(37,460)
Interest paid				(1,878)
Net cash flows (used in)/from financing activities	(46)	(319)	15,111	(37,930)
NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS	(856)	(5,994)	7,695	(25,656)
NET FOREIGN EXCHANGE DIFFERENCE	483	3,387	(9,366)	(1,286)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	441	3,082	4,753	31,695
CASH AND CASH EQUIVALENTS AT END OF YEAR	68	475	3,082	4,753
ANALYSIS OF BALANCES OF CASH AND CASH EQUIVALENTS
Cash and bank balances attributable to continued operations	68	475	3,082	4,753
Cash, bank balances and short-term deposits attributable to discontinued operations
Cash and cash equivalents as stated in the statement of cash flows	$ 68	¥ 475	¥ 3,082	¥ 4,753

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION ¥ in Thousands, $ in Thousands	Dec. 31, 2025 USD ($)	Dec. 31, 2025 CNY (¥)	Dec. 31, 2024 CNY (¥)
NON-CURRENT ASSETS
Property, plant and equipment	$ 4	¥ 30	¥ 49
Right-of-use assets
Other non-current assets	35,075	245,400	256,484
TOTAL NON-CURRENT ASSETS	35,079	245,430	256,533
CURRENT ASSETS
Prepayments	176	1,234	1,242
Other receivables	6	43	32
Cash and cash equivalents	68	475	3,082
TOTAL CURRENT ASSETS	250	1,752	4,356
TOTAL ASSETS	35,329	247,182	260,889
CURRENT LIABILITIES
Trade payables	40	280	280
Other payables and accruals	164	1,151	3,536
Derivative financial liabilities	3	19	2,138
Lease liabilities
Due to related companies	1,817	12,709	11,361
TOTAL CURRENT LIABILITIES	2,024	14,159	17,315
NON-CURRENT LIABILITIES
Other payables	10,523	73,620	76,945
Due to the Shareholder	10,445	73,075	78,567
Due to the Shareholder	10,445
TOTAL NON-CURRENT LIABILITIES	20,968	146,695	155,512
TOTAL LIABILITIES	22,992	160,854	172,827
EQUITY
Issued capital	64,431	450,782	450,782
Other capital reserves	110,409	772,465	772,465
Accumulated losses	(161,120)	(1,127,242)	(1,126,011)
Other comprehensive losses	(1,383)	(9,677)	(9,174)
EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY	12,337	86,328	88,062
NON-CONTROLLING INTERESTS
TOTAL EQUITY	12,337	86,328	88,062
TOTAL LIABILITIES AND EQUITY	$ 35,329	¥ 247,182	¥ 260,889