CHINA NATURAL RESOURCES REPORTS FULL YEAR 2023 RESULTS
Mr.
Financial Results for the Twelve Months Ended
Administrative expenses decreased by
Other income increased by
Fair value gain on financial instruments, net decreased by
The profit for the year from discontinued operations, net of tax decreased by
As a result of the foregoing, our net loss decreased by
About
Forward-Looking Statements:
This press release includes forward-looking statements within the meaning of the
CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
FOR THE YEARS ENDED
(Amounts in thousands, except share and per share data)
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Year Ended |
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2021 |
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2022 |
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2023 |
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2023 |
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CNY |
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CNY |
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CNY |
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US$ |
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CONTINUING OPERATIONS |
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Administrative expenses |
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(11,076 |
) |
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(25,248 |
) |
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(12,883 |
) |
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(1,820 |
) |
Other income |
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599 |
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699 |
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3,742 |
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529 |
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Fair value (loss)/gain on financial instruments, net |
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(38,349 |
) |
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1,007 |
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847 |
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120 |
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Finance costs |
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(166 |
) |
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191 |
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(48 |
) |
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(7 |
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Finance income |
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13 |
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13 |
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5 |
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1 |
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LOSS BEFORE INCOME TAX |
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(48,979 |
) |
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(23,338 |
) |
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(8,337 |
) |
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(1,177 |
) |
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Income tax expense |
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5,095 |
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— |
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— |
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— |
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LOSS FOR THE YEAR FROM CONTINUING OPERATIONS |
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(43,884 |
) |
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(23,338 |
) |
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(8,337 |
) |
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(1,177 |
) |
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DISCONTINUED OPERATIONS |
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(Loss)/profit for the year from discontinued operations, net of tax |
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(11,087 |
) |
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1,042 |
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(4,106 |
) |
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(580 |
) |
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LOSS FOR THE YEAR |
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(54,971 |
) |
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(22,296 |
) |
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(12,443 |
) |
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(1,757 |
) |
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ATTRIBUTABLE TO: |
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Owners of the Company |
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From continuing operations |
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(43,884 |
) |
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(23,338 |
) |
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(8,337 |
) |
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(1,177 |
) |
From discontinued operations |
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(4,268 |
) |
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(1,285 |
) |
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(5,504 |
) |
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(777 |
) |
Non-controlling interests |
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From continuing operations |
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— |
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— |
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— |
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— |
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From discontinued operations |
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(6,819 |
) |
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2,327 |
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1,398 |
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197 |
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(54,971 |
) |
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(22,296 |
) |
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(12,443 |
) |
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(1,757 |
) |
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LOSS PER SHARE ATTRIBUTABLE TO OWNERS OF THE COMPANY: |
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Basic and diluted |
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- For loss from continuing operations |
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(5.39 |
) |
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(2.85 |
) |
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(1.01 |
) |
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(0.15 |
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- For loss from discontinued operations |
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(0.52 |
) |
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(0.15 |
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(0.67 |
) |
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(0.09 |
) |
- Loss per share |
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(5.91 |
) |
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(3.00 |
) |
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(1.68 |
) |
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(0.24 |
) |
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
FOR THE YEARS ENDED
(Amounts in thousands)
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Year Ended |
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2021 |
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2022 |
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2023 |
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2023 |
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CNY |
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CNY |
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CNY |
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US$ |
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LOSS FOR THE YEAR |
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(54,971 |
) |
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(22,296 |
) |
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(12,443 |
) |
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(1,757 |
) |
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Other comprehensive income/(loss) that will be reclassified to profit or loss in subsequent periods: |
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Foreign currency translation adjustments of the subsidiaries |
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3,252 |
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(8,094 |
) |
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(2,810 |
) |
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(396 |
) |
Other comprehensive (loss)/income that will not be reclassified to profit or loss in subsequent periods: |
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Foreign currency translation adjustments of the Company |
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(10,909 |
) |
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9,593 |
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1,421 |
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201 |
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Total other comprehensive (loss)/income for the year, net of tax |
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(7,657 |
) |
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1,499 |
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(1,389 |
) |
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(195 |
) |
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TOTAL COMPREHENSIVE LOSS FOR THE YEAR |
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(62,628 |
) |
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(20,797 |
) |
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(13,832 |
) |
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(1,952 |
) |
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Attributable to: |
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Owners of the Company |
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From continuing operations |
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(51,542 |
) |
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(21,839 |
) |
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(9,726 |
) |
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(1,371 |
) |
From discontinued operations |
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(4,267 |
) |
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(1,285 |
) |
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(5,504 |
) |
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(778 |
) |
Non-controlling interests |
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From continuing operations |
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— |
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— |
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— |
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— |
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From discontinued operations |
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(6,819 |
) |
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2,327 |
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1,398 |
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197 |
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TOTAL COMPREHENSIVE (LOSS)/ INCOME FOR THE YEAR |
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(62,628 |
) |
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(20,797 |
) |
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(13,832 |
) |
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(1,952 |
) |
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
AS OF
(Amounts in thousands)
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2022 |
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2023 |
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2023 |
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CNY |
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CNY |
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US$ |
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ASSETS |
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NON-CURRENT ASSETS |
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Property, plant and equipment |
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|
424 |
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53 |
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7 |
|
Intangible assets |
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19,381 |
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— |
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— |
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Right-of-use assets |
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2,993 |
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|
346 |
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|
49 |
|
Trade receivables |
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10,520 |
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— |
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— |
|
Contract assets |
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89,713 |
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— |
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— |
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Other non-current assets |
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4 |
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247,530 |
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34,969 |
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TOTAL NON-CURRENT ASSETS |
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123,035 |
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247,929 |
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35,025 |
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CURRENT ASSETS |
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Inventories |
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729 |
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— |
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— |
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Trade receivables |
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46,760 |
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— |
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— |
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Bills receivable |
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8,500 |
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— |
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— |
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Contract assets |
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|
21,647 |
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— |
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— |
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Prepayments |
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|
1,732 |
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|
1,107 |
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|
156 |
|
Other receivables |
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|
82,733 |
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|
18 |
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|
3 |
|
Other current assets |
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3,160 |
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|
— |
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— |
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Cash and cash equivalents |
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31,695 |
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|
4,753 |
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|
671 |
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TOTAL CURRENT ASSETS |
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|
196,956 |
|
|
|
5,878 |
|
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|
830 |
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TOTAL ASSETS |
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319,991 |
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|
|
253,807 |
|
|
|
35,855 |
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CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (CONTINUED)
AS OF
(Amounts in thousands)
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2022 |
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2023 |
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2023 |
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CNY |
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CNY |
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|
US$ |
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|||
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LIABILITIES AND EQUITY |
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CURRENT LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
Trade payables |
|
|
20,326 |
|
|
|
100 |
|
|
|
14 |
|
Contract liabilities |
|
|
690 |
|
|
|
— |
|
|
|
— |
|
Other payables and accruals |
|
|
16,724 |
|
|
|
82,610 |
|
|
|
11,669 |
|
Income tax payable |
|
|
10,732 |
|
|
|
— |
|
|
|
— |
|
Provisions |
|
|
494 |
|
|
|
— |
|
|
|
— |
|
Interest-bearing loans and borrowings |
|
|
3,000 |
|
|
|
— |
|
|
|
— |
|
Derivative financial liabilities |
|
|
824 |
|
|
|
— |
|
|
|
— |
|
Lease liabilities |
|
|
1,317 |
|
|
|
360 |
|
|
|
51 |
|
Due to related companies |
|
|
3,408 |
|
|
|
9,069 |
|
|
|
1,281 |
|
Due to the Shareholder |
|
|
7,153 |
|
|
|
85,673 |
|
|
|
12,103 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL CURRENT LIABILITIES |
|
|
64,668 |
|
|
|
177,812 |
|
|
|
25,118 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NON-CURRENT LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
Deferred tax liabilities |
|
|
5,276 |
|
|
|
— |
|
|
|
— |
|
Lease liabilities |
|
|
1,598 |
|
|
|
— |
|
|
|
— |
|
Interest-bearing loans and borrowings |
|
|
71,000 |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL NON-CURRENT LIABILITIES |
|
|
77,874 |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL LIABILITIES |
|
|
142,542 |
|
|
|
177,812 |
|
|
|
25,118 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
Issued capital |
|
|
450,782 |
|
|
|
450,782 |
|
|
|
63,682 |
|
Other capital reserves |
|
|
735,319 |
|
|
|
758,775 |
|
|
|
107,194 |
|
Accumulated losses |
|
|
(1,109,010 |
) |
|
|
(1,122,851 |
) |
|
|
(158,626 |
) |
Other comprehensive losses |
|
|
(9,322 |
) |
|
|
(10,711 |
) |
|
|
(1,513 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
EQUITY ATTRIBUTABLE TO OWNERS |
|
|
67,769 |
|
|
|
75,995 |
|
|
|
10,737 |
|
NON-CONTROLLING INTERESTS |
|
|
109,680 |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL EQUITY |
|
|
177,449 |
|
|
|
75,995 |
|
|
|
10,737 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL LIABILITIES AND EQUITY |
|
|
319,991 |
|
|
|
253,807 |
|
|
|
35,855 |
|
The condensed consolidated statements of profit or loss of the Company
for the
year ended
View original content:https://www.prnewswire.com/news-releases/china-natural-resources-reports-full-year-2023-results-302131571.html
SOURCE