CHINA NATURAL RESOURCES, INC. REPORTS FULL YEAR 2025 RESULTS

Rhea-AI Summary

China Natural Resources (NASDAQ: CHNR) reported full year 2025 results for the year ended December 31, 2025.

Administrative expenses fell to CNY3.30 million from CNY7.20 million, and net loss narrowed to CNY1.23 million from CNY3.16 million. Cash declined to CNY0.48 million. On March 17, 2026, CHNR signed a non-binding LOI to acquire indirect control of 59.79% of HooRii Technology (HK) Limited.

Positive

• Administrative expenses reduced from CNY7.20 million to CNY3.30 million in 2025
• Net loss narrowed from CNY3.16 million to CNY1.23 million in 2025
• Total liabilities decreased from CNY172.83 million to CNY160.85 million
• Loss per share from continuing operations improved from CNY2.62 to CNY0.98

Negative

• Cash and cash equivalents declined from CNY3.08 million to CNY0.48 million
• Total assets decreased from CNY260.89 million to CNY247.18 million
• Accumulated losses increased from CNY1,126.01 million to CNY1,127.24 million
• Total comprehensive loss for 2025 was CNY1.73 million
• Equity attributable to owners decreased from CNY88.06 million to CNY86.33 million

News Market Reaction – CHNR

-4.09%

3 alerts

-4.09% Session close to close

-21.8% Trough Tracked

$5.52M Market Cap

0.8x Rel. Volume

In the May 18 session, CHNR declined 4.09%, reflecting a moderate negative market reaction. Argus tracked a trough of -21.8% from its starting point during tracking. Our momentum scanner triggered 3 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details FY2025 results showing continued cost discipline and a smaller net loss of...

Analysis

This announcement details FY2025 results showing continued cost discipline and a smaller net loss of CNY1.23 million versus 2024, with administrative expenses reduced to CNY3.30 million. The balance sheet lists CNY247.18 million in assets against CNY160.85 million in liabilities and equity of CNY86.33 million. Investors may monitor future filings and earnings for trends in cash levels, ongoing loss profile, and how strategic initiatives affect these metrics.

Key Figures

Administrative expenses 2025: CNY3.30M (US$0.47M) Net loss 2025: CNY1.23M (US$0.18M) Cash and cash equivalents: CNY475K (US$68K) +5 more

8 metrics

Administrative expenses 2025 CNY3.30M (US$0.47M) Year ended Dec 31, 2025; down from CNY7.20M in 2024

Net loss 2025 CNY1.23M (US$0.18M) Year ended Dec 31, 2025; improved from CNY3.16M in 2024

Cash and cash equivalents CNY475K (US$68K) As of Dec 31, 2025 consolidated statement of financial position

Total assets CNY247.18M (US$35.33M) As of Dec 31, 2025 consolidated statement of financial position

Total liabilities CNY160.85M (US$22.99M) As of Dec 31, 2025 consolidated statement of financial position

Total equity CNY86.33M (US$12.34M) Equity attributable to owners as of Dec 31, 2025

Loss per share 2025 CNY(0.98) / US$(0.14) Basic and diluted, continuing operations, FY2025

Share combination 8-to-1 Share combination effective June 13, 2025; EPS retrospectively restated

Previous Earnings Reports

2 past events · Latest: May 15 (Positive)

Same Type Pattern 2 events

Date	Event	Sentiment	24h Move	Catalyst
May 15	Full-year 2024 earnings	Positive	+6.2%	Reported sharply reduced FY2024 net loss and lower administrative expenses.
Dec 31	H1 2024 earnings	Positive	+4.3%	Announced major improvement in H1 loss and favorable fair value gains.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent earnings releases have focused on shrinking losses and cost controls and have typically been followed by single-digit positive price moves, suggesting the market has rewarded incremental financial improvement.

Recent Company History

Over the past two years, CHNR’s earnings updates have emphasized narrowing losses and lower administrative expenses. FY2024 results showed net loss reduced to CNY3.16 million, helped by higher fair value gains on financial instruments and reduced professional fees. H1 2024 results similarly highlighted a sharply smaller loss versus the prior year. Today’s FY2025 release continues that trend, with net loss down to CNY1.23 million and further cost reductions, while management reiterates its focus on the Wulatehouqi Moruogu Tong Mine and strategic portfolio evolution.

Key Terms

fair value gain on financial instruments, derivative financial liabilities, lease liabilities, foreign currency translation adjustments

4 terms

fair value gain on financial instruments financial

"Fair value gain on financial instruments, net decreased by CNY1.92 million..."

An increase in the reported value of a company’s financial assets or liabilities when those items are measured using current market-based prices or estimates; it reflects that the items are now worth more than they were on the books. It matters to investors because these gains can boost reported profits or equity and change a company’s apparent financial strength and volatility—like an appraisal that raises the stated value of your home even though you haven’t sold it yet, which can affect borrowing, investor sentiment, and stock price.

derivative financial liabilities financial

"Derivative financial liabilities | | 2,138 | | 19 | | 3"

Derivative financial liabilities are obligations a company records when contracts whose value depends on market variables (like interest rates, currencies, or stock prices) could force the company to pay money or deliver assets; common examples are written options, swaps, or forward contracts that show a negative value on the books. They matter to investors because their value can swing quickly with market moves, creating unexpected losses or cash needs that change a company’s reported debt and volatility—think of them as bets that can become real bills if markets move against the company.

lease liabilities financial

"Lease liabilities | | — | | — | | —"

Lease liabilities are the recorded obligations a company has to make future payments for assets it uses under lease contracts, treated on the balance sheet much like a loan for rented equipment or property. Investors care because these liabilities increase a firm’s reported debt and affect measures of leverage, cash requirements and credit risk, so recognizing them gives a clearer picture of financial strength and the company’s ability to meet obligations.

foreign currency translation adjustments financial

"Foreign currency translation adjustments of the subsidiaries | | (2,810)..."

Adjustments made when a company converts the financial results of its foreign operations into its reporting currency to reflect changes in exchange rates; these gains or losses are recorded separately from operating profit and usually affect the company’s reported equity. Investors care because large swings can change a firm’s reported financial strength and hide or amplify real business performance — like checking how much a foreign bank account is worth at today’s exchange rate rather than when the money was first deposited.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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)				(1,231)				(176)
LOSS PER SHARE ATTRIBUTABLE TO OWNERS OF THE COMPANY:
Basic and diluted
- For loss from continuing operations			(8.11	)*			(2.62	)*			(0.98)				(0.14)
- For loss from discontinued operations			(5.35	)*			—				—				—
- Loss per share			(13.46	)*			(2.62	)*			(0.98)				(0.14)

* Retrospectively restated for effect of the 8-to-1 share combination effective on June 13, 2025.

         

CHINA NATURAL RESOURCES, INC.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
FOR THE YEARS ENDED DECEMBER 31, 2023, 2024 AND 2025
(Amounts in thousands)
		Year Ended December 31,
		2023				2024				2025				2025
		CNY				CNY				CNY				US$
LOSS FOR THE YEAR			(12,443)				(3,160)				(1,231)				(176)
Other comprehensive loss that will be reclassified to profit or loss in     subsequent periods:
Foreign currency translation adjustments of the subsidiaries			(2,810)				(4,053)				(5,366)				(767)
Other comprehensive income that will not be reclassified to profit or     loss in subsequent periods:
Foreign currency translation adjustments of the Company			1,421				5,590				4,863				695
Total other comprehensive (loss)/income for the year, net of tax			(1,389)				1,537				(503)				(72)
TOTAL COMPREHENSIVE LOSS FOR THE YEAR			(13,832)				(1,623)				(1,734)				(248)
Attributable to:
Owners of the Company
From continuing operations			(9,726)				(1,623)				(1,734)				(248)
From discontinued operations			(5,504)				—				—				—
Non-controlling interests
From continuing operations			—				—				—				—
From discontinued operations			1,398				—				—				—
TOTAL COMPREHENSIVE LOSS FOR THE YEAR			(13,832)				(1,623)				(1,734)				(248)

 

 

CHINA NATURAL RESOURCES, INC.
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
AS OF DECEMBER 31, 2024 AND 2025
(Amounts in thousands)
		December 31,
		2024				2025				2025
		CNY				CNY				US$
ASSETS
NON-CURRENT ASSETS
Property, plant and equipment			49				30				4
Right-of-use assets			—				—				—
Other non-current assets			256,484				245,400				35,075
TOTAL NON-CURRENT ASSETS			256,533				245,430				35,079
CURRENT ASSETS
Prepayments			1,242				1,234				176
Other receivables			32				43				6
Cash and cash equivalents			3,082				475				68
TOTAL CURRENT ASSETS			4,356				1,752				250
TOTAL ASSETS			260,889				247,182				35,329

 

 

CHINA NATURAL RESOURCES, INC.
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (CONTINUED)
AS OF DECEMBER 31, 2024 AND 2025
(Amounts in thousands)
		December 31,
		2024				2025				2025
		CNY				CNY				US$
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Trade payables			280				280				40
Other payables and accruals			3,536				1,151				164
Derivative financial liabilities			2,138				19				3
Lease liabilities			—				—				—
Due to related companies			11,361				12,709				1,817
TOTAL CURRENT LIABILITIES			17,315				14,159				2,024
NON-CURRENT LIABILITIES
Other payables			76,945				73,620				10,523
Due to the Shareholder			78,567				73,075				10,445
TOTAL NON-CURRENT LIABILITIES			155,512				146,695				20,968
TOTAL LIABILITIES			172,827				160,854				22,992
EQUITY
Issued capital			450,782				450,782				64,431
Other capital reserves			772,465				772,465				110,409
Accumulated losses			(1,126,011)				(1,127,242)				(161,120)
Other comprehensive losses			(9,174)				(9,677)				(1,383)
EQUITY ATTRIBUTABLE TO OWNERS    OF THE COMPANY			88,062				86,328				12,337
NON-CONTROLLING INTERESTS			—				—				—
TOTAL EQUITY			88,062				86,328				12,337
TOTAL LIABILITIES AND EQUITY			260,889				247,182				35,329

 

The condensed consolidated statements of profit or loss of the Company for the year ended December 31, 2025 and 2024, and the condensed consolidated statements of financial position of the Company as of December 31, 2025 and December 31, 2024, have been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board. The condensed consolidated statements of profit or loss and the condensed consolidated statements of financial position have been derived from and should be read in conjunction with the Company's audited consolidated financial statements for the year ended December 31, 2025 contained in the Company's Annual Report on Form 20-F as filed with the Commission on May 15, 2026.

About China Natural Resources:
China Natural Resources, Inc. (NASDAQ: CHNR) is currently a holding company that operated in exploration and mining business. Upon the completion of Precise Space-Time Technology disposition on July 28, 2023, the Company is engaged in the acquisition and exploitation of mining rights in Inner Mongolia, including exploring for lead, silver and other nonferrous metal, and is actively exploring business opportunities in other non-natural resource sectors. In 2023, China Natural Resources agreed to acquire Williams Minerals, which operates a lithium mine in Zimbabwe, for a maximum consideration of US$1.75 billion. Currently, we are actively working with all involved parties to close the deal by December 2025. Williams Minerals is owned by China Natural Resources' controlling shareholder, Feishang Group Limited, and a non-affiliate, Top Pacific (China) Limited.

Forward-Looking Statements:
This press release includes forward-looking statements within the meaning of the U.S. federal securities laws. These statements include, without limitation, statements regarding the intent, belief and current expectations of the Company, its directors or its officers with respect to: the potential presented by the exploration and mining sector in the People's Republic of China (the "PRC") and other industry sectors in the PRC generally; the impact on the Company's financial position, growth potential and business of in the sale of Precise Space-Time Technology and Shanghai Onway specifically; the experience, supply chain and customer relationships and market insights of the Precise Space-Time Technology team; and the Company's ability to locate and execute on strategic opportunities in non-natural resources sectors. Forward-looking statements are not a guarantee of future performance and involve risks and uncertainties, and actual results may differ materially from those in the forward-looking statement as a result of various factors. Among the risks and uncertainties that could cause the Company's actual results to differ from its forward-looking statements are uncertainties associated with metal price volatility; uncertainties concerning the viability of mining and estimates of reserves at the Company's Wulatehouqi Moruogu Tong Mine in Inner Mongolia; uncertainties regarding our ability to acquire a mining permit and to extract mineral reserves located in the Moruogu Tong Mine in an economically feasible manner; uncertainties related to our ability to fund operations and capital expenditures; uncertainties relating to the acquisition of Williams Minerals that were not discovered by us through our due diligence investigation; uncertainties related to the completion of the acquisition of Williams Minerals which is conditional upon satisfaction or waiver of various conditions; failure to complete the acquisition of Williams Minerals may have a material adverse effect on the Company's business, financial condition and results of operations; uncertainties related to the realization of the anticipated benefits associated with it; the potential lack of appetite for the Company's current holdings as consideration for a transaction; uncertainties related to geopolitical events and conflicts, such as the conflict between Russia and Ukraine; uncertainties regarding the impact of climate change on our operations and business; uncertainties related to possible future increases in operating expenses; the fluctuations of interest rates and foreign exchange rates; the results of the next assessment by the Staff of the Nasdaq Listing Qualifications department of the Company's compliance with the Nasdaq Listing Rules; uncertainties related to governmental, economic and political circumstances in the PRC; uncertainties related to the Company's ability to fund operations; uncertainties related to possible future increases in operating expenses, including costs of labor and materials; uncertainties related to the political situation between the PRC and the United States, and potential negative impacts on companies with operations in the PRC that are listed on exchanges in the United States; and other risks detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission. When, in any forward-looking statement, the Company, or its management, expresses an expectation or belief as to future results, that expectation or belief is expressed in good faith and is believed to have a reasonable basis, but there can be no assurance that the stated expectation or belief will result or be achieved or accomplished. Except as required by law, the Company undertakes no obligation to update any forward-looking statements.

View original content:https://www.prnewswire.com/news-releases/china-natural-resources-inc-reports-full-year-2025-results-302773938.html

SOURCE China Natural Resources, Inc.

FAQ

How did China Natural Resources (CHNR) perform financially in full year 2025?

China Natural Resources reported a 2025 net loss of CNY1.23 million, down from CNY3.16 million in 2024. According to the company, cost controls reduced administrative expenses, while fair value gains on financial instruments were lower year over year.

What were China Natural Resources (CHNR) administrative expenses for 2025?

Administrative expenses in 2025 were CNY3.30 million, down from CNY7.20 million in 2024. According to the company, this decrease mainly reflected lower professional fees, including legal and audit expenses, as part of broader expense control efforts.

How did China Natural Resources (CHNR) balance sheet change between 2024 and 2025?

Total assets declined from CNY260.89 million in 2024 to CNY247.18 million in 2025. According to the company, total liabilities fell to CNY160.85 million, while equity attributable to owners slipped to CNY86.33 million at year-end 2025.

What was China Natural Resources (CHNR) loss per share for 2025 after the share combination?

For 2025, basic and diluted loss per share from continuing operations was CNY0.98. According to the company, prior-period per-share figures were retrospectively restated to reflect an 8-to-1 share combination effective June 13, 2025.

How much cash did China Natural Resources (CHNR) hold at December 31, 2025?

China Natural Resources reported CNY0.48 million in cash and cash equivalents at December 31, 2025. According to the company, this was down from CNY3.08 million a year earlier, contributing to lower total current assets.

What did China Natural Resources (CHNR) announce about the HooRii Technology stake in March 2026?

On March 17, 2026, China Natural Resources signed a non-binding LOI to acquire indirect control of 59.79% of HooRii Technology (HK) Limited. According to the company, HooRii specializes in combining IoT and AI for physical AI development.

How did fair value gains on financial instruments impact CHNR’s 2025 results?

Fair value gain on financial instruments, net, was CNY2.08 million in 2025, down from CNY4.00 million in 2024. According to the company, this change reflected fluctuations in the fair values of its outstanding warrants.