Press Release: CHINA NATURAL RESOURCES REPORTS FIRST HALF 2024 RESULTS

Dow Jones
31 Dec 2024
    operations              (0.55)       (0.01)           -- 
   - For loss from 
   discontinued 
   operations               (0.76)           --           -- 
   - Loss per share         (1.31)       (0.01)           -- 
                      ============  ===========  =========== 
 
 
       CHINA NATURAL RESOURCES, INC. AND SUBSIDIARIES 
   CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION 
    AS OF JUNE 30, 2024 (UNAUDITED) AND DECEMBER 31, 2023 
                   (Amounts in thousands) 
 
                     December 31,           June 30, 
                     -------------  ------------------------ 
                         2023          2024         2024 
                     -------------  -----------  ----------- 
                          CNY           CNY          US$ 
                       (Audited)    (Unaudited)  (Unaudited) 
 
ASSETS 
 
NON-CURRENT ASSETS 
 Property, plant and 
  equipment                     53           54            7 
 Right-of-use 
 assets                        346           --           -- 
 Other non-current 
  assets                   247,530      254,238       34,984 
                      ------------  -----------  ----------- 
 
TOTAL NON-CURRENT 
 ASSETS                    247,929      254,292       34,991 
                      ------------  -----------  ----------- 
 
CURRENT ASSETS 
 Prepayments                 1,107        1,067          147 
 Other receivables              18           21            3 
Cash and cash 
 equivalents                 4,753        8,779        1,208 
                      ------------  -----------  ----------- 
 
TOTAL CURRENT ASSETS         5,878        9,867        1,358 
                      ------------  -----------  ----------- 
 
TOTAL ASSETS               253,807      264,159       36,349 
                      ============  ===========  =========== 
 
 
LIABILITIES AND 
EQUITY 
 
CURRENT LIABILITIES 
 Trade payables                  100          100         14 
Other payables and 
 accruals                     82,610       79,405     10,926 
 Derivative financial 
  liabilities                     --        4,419        608 
 Lease liabilities               360          376         52 
 Due to related 
  companies                    9,069        6,221        856 
 Due to the Shareholder       85,673       77,317     10,639 
                         -----------  -----------  --------- 
 
TOTAL CURRENT 
 LIABILITIES                 177,812      167,838     23,095 
                         -----------  -----------  --------- 
 
TOTAL LIABILITIES            177,812      167,838     23,095 
                         -----------  -----------  --------- 
 
EQUITY 
 Issued capital              450,782      450,782     62,029 
 Other capital reserves      758,775      770,874    106,074 
 Accumulated losses      (1,122,851)  (1,122,973)  (154,524) 
 Other comprehensive 
  losses                    (10,711)      (2,362)      (325) 
                         -----------  -----------  --------- 
 
EQUITY ATTRIBUTABLE TO 
 OWNERS OF THE 
   COMPANY                    75,995       96,321     13,254 
                         -----------  -----------  --------- 
NON-CONTROLLING 
INTERESTS                         --           --         -- 
                         -----------  -----------  --------- 
 
TOTAL EQUITY                  75,995       96,321     13,254 
                         -----------  -----------  --------- 
 
TOTAL LIABILITIES AND 
 EQUITY                      253,807      264,159     36,349 
                         ===========  ===========  ========= 
 

The condensed consolidated statements of profit or loss of the Company for the six months ended June 30, 2024 and 2023, and the condensed consolidated statements of financial position of the Company as of December 31, 2023 and June 30, 2024, have been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board. The condensed consolidated statements of profit or loss and the condensed consolidated statements of financial position have been derived from and should be read in conjunction with the Company's audited consolidated financial statements for the year ended December 31, 2023 contained in the Company's Annual Report on Form 20-F as filed with the Commission on April 30, 2024.

View original content:https://www.prnewswire.com/news-releases/china-natural-resources-reports-first-half-2024-results-302340625.html

SOURCE China Natural Resources, Inc.

/CONTACT: Zhu Youyi, Chief Financial Officer, Phone: 011-852-2810-7205, Email: cfo@chnr.net

 

(END) Dow Jones Newswires

December 31, 2024 07:55 ET (12:55 GMT)

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