Business
CHINA NATURAL RESOURCES REPORTS FIRST HALF 2025 RESULTS
China Natural Resources Inc. (NASDAQ: CHNR) (the "Company") today announced its results of operations for the six months ended June 30, 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$1.00 = CNY7.1725 as quoted by www.ofx.com on June 30, 2025, except as otherwise disclosed.
About this update from China Natural Resources, Inc.
[{"type":"text","content":"HONG KONG, Dec. 31, 2025 /PRNewswire/ -- China Natural Resources Inc. (NASDAQ: CHNR) (the "Company") today announced its results of operations for the six months ended June 30, 2025. For the convenience of the reader, amounts in Chinese Yuan ("CNY") have been translated into United States dollars ("US$") at the rate of US$1.00 = CNY7.1725 as quoted by www.ofx.com on June 30, 2025, except as otherwise disclosed.","length":449,"tagName":"p"},{"type":"text","content":"Mr. Wong Wah On Edward, Chairman of the Company, commented, "We are continuing to prudently invest in our exploration activities as we work to extract further value from the Wulatehouqi Moruogu Tong Mine. Although the acquisition of William Minerals has encountered delay, we are using our best endeavors to resolve the condition precedent to the closing of the acquisition. We will move forward and leverage our mining expertise as we continue to execute on our long-term business strategy."","length":502,"tagName":"p"},{"type":"text","content":"Financial Results for the Six Months Ended June 30, 2025","length":56,"tagName":"p"},{"type":"text","content":"Administrative expenses for the six months ended June 30, 2025 were CNY3.14 million (US$0.44 million), as compared to expenses of CNY4.00 million for the same period in 2024. The decrease was mainly due to the reduction of daily expenditure as the company adopted a stringent cost control policy.","length":296,"tagName":"p"},{"type":"text","content":"Fair value gain on financial instruments for the six months ended June 30, 2025 was CNY1.88 million (US$0.26 million), as compared to CNY3.86 million for the same period in 2024. The amount represented the fluctuation of fair values of the Company's outstanding warrants.","length":275,"tagName":"p"},{"type":"text","content":"Loss for the six months ended June 30, 2025 was CNY1.27 million (US$0.18 million) as compared to CNY0.12 million for the six months ended June 30, 2024. The increase in loss was mainly due to the decrease of fair value gain on financial instruments.","length":249,"tagName":"p"},{"type":"text","content":"The Company had a US$0.10 million balance of cash and cash equivalents at June 30, 2025.","length":88,"tagName":"p"},{"type":"text","content":"About China Natural Resources:","length":30,"tagName":"p"},{"type...