HONG KONG, May 15, 2026 /PRNewswire/ — China Natural Resources, Inc. (NASDAQ:CHNR) (the “Company”) today announced its results of operations for the year ended December 31, 2025. For the convenience of the reader, amounts in Chinese Yuan (“CNY”) have been translated into United States dollars (“US$”) at the rate of US$1.00 = CNY6.9964 as quoted by www.ofx.com on December 31, 2025, except as otherwise disclosed.
Mr. Wong Wah On Edward, Chief Executive Officer and Chairman of the Company, commented, “We continue to adopt a disciplined approach to our exploration investments as we evaluate the further value creation potential of the Wulatehouqi Moruogu Tong Mine. The escalation of trade frictions and geopolitical tensions has materially affected global market sentiment and economic conditions. Notwithstanding these headwinds, we are actively exploring opportunities to enhance shareholder value. On March 17, 2026, we signed a non-binding Letter of Intent with Feishang Group Limited, its principal shareholder, to acquire 100% shares of a wholly owned subsidiary of Feishang that will own, directly or indirectly, 59.79% of the equity interest of HooRii Technology (HK) Limited, a limited liability company incorporated in Hong Kong specializing in physical AI development, through the combination of IoT and artificial intelligence, to bring AI into the physical.”
Financial Results for the Twelve Months Ended December 31, 2025
Administrative expenses decreased by CNY3.90 million (US$0.56 million) from CNY7.20 million for the year ended December 31, 2024 to CNY3.30 million (US$0.47 million) for the year ended December 31, 2025. The decrease was mainly caused by the decrease of professional fees (mainly legal and audit fees) as a result of expense control.
Other income increased by CNY0.03 million (US$0.01 million) from CNY2.00 thousand for the year ended December 31, 2024 to CNY0.03 million (US$0.01 million) for the year ended December 31, 2025. The increase in other income was mainly due to the gain on disposal of a vehicle.
Fair value gain on financial instruments, net decreased by CNY1.92 million (US$0.27 million) from CNY4.00 million for the year ended December 31, 2024 to CNY2.08 million (US$0.30 million) for the year ended December 31, 2025. The decrease was caused by the fluctuation of fair values of the Company’s outstanding warrants.
As a result of the foregoing, our net loss decreased by CNY1.93 million (US$0.28 million), from CNY3.16 million for the year ended December 31, 2024 to CNY1.23 million (US$0.18 million) for the year ended December 31, 2025.
|
CHINA NATURAL RESOURCES, INC. |
||||||||||||||||
|
CONSOLIDATED STATEMENTS OF PROFIT OR LOSS |
||||||||||||||||
|
FOR THE YEARS ENDED DECEMBER 31, 2023, 2024 AND 2025 |
||||||||||||||||
|
(Amounts in thousands, except share and per share data) |
||||||||||||||||
|
Year Ended December 31, |
||||||||||||||||
|
2023 |
2024 |
2025 |
2025 |
|||||||||||||
|
CNY |
CNY |
CNY |
US$ |
|||||||||||||
|
CONTINUING OPERATIONS |
||||||||||||||||
|
Administrative expenses |
(12,883) |
(7,199) |
(3,299) |
(472) |
||||||||||||
|
Other income |
3,742 |
2 |
34 |
5 |
||||||||||||
|
Fair value gain on financial instruments, net |
847 |
3,996 |
2,077 |
297 |
||||||||||||
|
Finance costs |
(48) |
(28) |
(44) |
(6) |
||||||||||||
|
Finance income |
5 |
69 |
1 |
— |
||||||||||||
|
LOSS BEFORE INCOME TAX |
(8,337) |
(3,160) |
(1,231) |
(176) |
||||||||||||
|
Income tax expense |
— |
— |
— |
— |
||||||||||||
|
LOSS FOR THE YEAR FROM CONTINUING OPERATIONS |
(8,337) |
(3,160) |
(1,231) |
(176) |
||||||||||||
|
DISCONTINUED OPERATIONS |
||||||||||||||||
|
Loss for the year from discontinued operations, net of tax |
(4,106) |
— |
— |
— |
||||||||||||
|
LOSS FOR THE YEAR |
(12,443) |
(3,160) |
(1,231) |
(176) |
||||||||||||
|
ATTRIBUTABLE TO: |
||||||||||||||||
|
Owners of the Company |
||||||||||||||||
|
From continuing operations |
(8,337) |
(3,160) |
(1,231) |
(176) |
||||||||||||
|
From discontinued operations |
(5,504) |
— |
— |
— |
||||||||||||
|
Non-controlling interests |
||||||||||||||||
|
From continuing operations |
— |
— |
— |
— |
||||||||||||
|
From discontinued operations |
1,398 |
— |
— |
— |
||||||||||||
|
LOSS FOR THE YEAR |
(12,443) |
(3,160) |
|
|||||||||||||