CHINA NATURAL RESOURCES CHNR, today released unaudited interim financial information for the three and six months ended June 30, 2013 as follows:
CHINA NATURAL RESOURCES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)
THREE AND SIX MONTHS ENDED JUNE 30, 2013 AND 2012
(Amounts in thousands, except share and per share data)
Three Months Ended
June 30,
Six Months Ended
June 30,
2012
2013
2013
2012
2013
2013
CNY
CNY
US$
CNY
CNY
US$
REVENUE
37,841
41,268
6,724
66,903
70,555
11,496
COST OF SALES
(22,344)
(31,937)
(5,204)
(38,687)
(51,428)
(8,379)
GROSS PROFIT
15,497
9,331
1,520
28,216
19,127
3,117
SELLING AND DISTRIBUTION EXPENSES
(840)
(1,363)
(222)
(1,525)
(2,791)
(455)
ADMINISTRATIVE EXPENSES
(21,203)
(42,090)
(6,858)
(39,166)
(65,942)
(10,744)
IMPAIRMENT LOSS ON PROPERTY, PLANT AND EQUIPMENT
—
—
—
—
(184,417)
(30,048)
OTHER OPERATING EXPENSES
(3,591)
(1,760)
(287)
(4,704)
(3,372)
(549)
OPERATING LOSS
(10,137)
(35,882)
(5,847)
(17,179)
(237,395)
(38,679)
FINANCE COSTS
(11,368)
(31,902)
(5,198)
(20,818)
(43,912)
(7,155)
INTEREST INCOME
905
1,337
218
1,695
1,778
290
NON-OPERATING INCOME (EXPENSE), NET
(858)
1,613
263
(889)
1,215
198
PROFIT (LOSS) BEFORE INCOME TAXES
(21,458)
(64,834)
(10,564)
(37,191)
(278,314)
(45,346)
INCOME TAXES (EXPENSE) BENEFIT
(7,078)
6,448
1,051
(8,361)
50,083
8,160
LOSS FOR THE PERIOD
(28,536)
(58,386)
(9,513)
(45,552)
(228,231)
(37,186)
ATTRIBUTABLE TO:
Owners of the Company
(28,547)
(56,840)
(9,261)
(47,707)
(227,422)
(37,054)
Non-controlling interests
11
(1,546)
(252)
2,155
(809)
(132)
(28,536)
(58,386)
(9,513)
(45,552)
(228,231)
(37,186)
LOSSES PER SHARE ATTRIBUTABLE TO OWNERS OF THE COMPANY:
Basic
(1.15)
(2.28)
(0.37)
(1.92)
(9.13)
(1.49)
Diluted
(1.15)
(2.28)
(0.37)
(1.92)
(9.13)
(1.49)
LOSS FOR THE PERIOD
(28,536)
(58,386)
(9,513)
(45,552)
(228,231)
(37,186)
Other comprehensive income (loss):
Items to be classified to profit or loss in subsequent period:
Foreign currency translation adjustments
(2,794)
2,475
403
(2,579)
3,845
627
TOTAL OTHER COMPREHENSIVE INCOME
(2,794)
2,475
403
(2,579)
3,845
627
TOTAL COMPREHENSIVE LOSS FOR THE PERIOD, NET OF TAX
(31,330)
(55,911)
(9,110)
(48,131)
(224,386)
(36,559)
Attributable to:
Owners of the Company
(31,341)
(54,365)
(8,858)
(50,286)
(223,577)
(36,427)
Non-controlling interests
11
(1,546)
(252)
2,155
(809)
(132)
(31,330)
(55,911)
(9,110)
(48,131)
(224,386)
(36,559)
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
AS OF JUNE 30, 2013 AND DECEMBER 31, 2012
(Amounts in thousands)
December 31,
June 30,
June 30,
2012
2013
2013
CNY
CNY
US$
(Unaudited)
(Unaudited)
ASSETS
NON-CURRENT ASSETS
Property, plant and equipment
2,349,914
2,308,729
376,168
Rehabilitation fund
33,052
44,942
7,323
Prepayments
117,123
118,629
19,329
Deferred tax assets
6,916
8,145
1,327
TOTAL NON-CURRENT ASSETS
2,507,005
2,480,445
404,147
CURRENT ASSETS
Inventories
18,403
21,642
3,526
Trade and bill receivables
49,275
46,551
7,585
Prepayments
5,992
6,892
1,123
Other receivables
31,909
37,211
6,063
Restricted bank deposits
7,082
—
—
Term deposits with an original maturity over three months
23,650
3,699
603
Cash and cash equivalents
210,944
298,533
48,641
TOTAL CURRENT ASSETS
347,255
414,528
67,541
TOTAL ASSETS
2,854,260
2,894,973
471,688
LIABILITIES
See full press release
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in