Market Overview

China Natural Resources, Inc. Announces 2016 Results Of Operations

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HONG KONG, June 19, 2017 /PRNewswire/ -- CHINA NATURAL RESOURCES, INC. (NASDAQ: CHNR), a company based in the People's Republic of China, today announced its results of operations for the year ended December 31, 2016 as follows.

 

CHINA NATURAL RESOURCES, INC.

CONSOLIDATED STATEMENTS OF PROFIT OR LOSS

YEARS ENDED DECEMBER 31, 2014, 2015 AND 2016

(Amounts in thousands, except share and per share data)





Year Ended December 31,




2014


2015


2016


2016




CNY


CNY


CNY


US$






(Restated)





CONTINUING OPERATIONS










Revenues



8,303


18,342



Cost of sales



(6,563)


(31,936)



Gross profit/(loss)



1,740


(13,594)



Selling and distribution expenses



(80)


(31)


(23)


(3)

Administrative expenses



(12,226)


(20,163)


(15,014)


(2,162)

Loss arising from temporary suspension of 
     production




(830)


(4,073)


(586)

Impairment loss on property, plant and equipment



(8,065)


(7,542)



Write-down/(Reversal of write-down) of 
     inventories to net realizable value, net



(9,299)


5,474


1,744


251

Other operating income/(expenses), net



554


(3,424)


(3,182)


(457)











OPERATING LOSS



(27,376)


(40,110)


(20,548)


(2,957)











Finance costs



(392)


(444)


(331)


(48)

Foreign exchange difference, net




(354)



Interest income



1,602


1,056


194


28

Non-operating expenses, net



(218)


(93)


(2,351)


(339)











LOSS BEFORE INCOME TAX FROM 
     CONTINUING OPERATIONS



(26,384)


(39,945)


(23,036)


(3,316)











INCOME TAX EXPENSE



(6,839)


(1,504)













LOSS FOR THE YEAR FROM CONTINUING 
     OPERATIONS



(33,223)


(41,449)


(23,036)


(3,316)











DISCONTINUED OPERATIONS










Loss for the period from discontinued operations, 
     net of tax



(10,708)














LOSS FOR THE YEAR



(43,931)


(41,449)


(23,036)


(3,316)











ATTRIBUTABLE TO:










Owners of the Company










  From continuing operations



(33,223)


(41,449)


(23,036)


(3,316)

  From discontinued operations



(9,925)







(43,148)


(41,449)


(23,036)


(3,316)











Non-controlling interests










  From continuing operations






  From discontinued operations



(783)







(783)

















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