Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE

SECURITIES EXCHANGE ACT OF 1934

For the month of December 2024.

Commission File Number 0-26046

China Natural Resources, Inc.

(Translation of registrant's name into English)

Room 2205, 22/F, West Tower, Shun Tak Centre,

168-200 Connaught Road Central, Sheung Wan, Hong Kong

(Address of principal executive offices)

Indicate by check mark whether the registrant files of will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

This report on Form 6-K is hereby incorporated by reference into the Registration Statement on Form F-3 (File No. 333-268454) of China Natural Resources, Inc. (the “Company”), and the related prospectuses, as such registration statement and prospectuses may be amended or supplemented from time to time, and to be a part thereof from the date on which this report is furnished, to the extent not superseded by documents or reports subsequently filed or furnished.

Unaudited Results of Operations

Furnished herewith on behalf of the Company are the following:

(a) Unaudited Financial Statements:

Condensed Consolidated Statements of Profit or Loss (Unaudited) for the Six Months Ended June 30, 2024 and 2023

Condensed Consolidated Statements of Comprehensive Income (Unaudited) for the Six Months Ended June 30, 2024 and 2023

Condensed Consolidated Statements of Financial Position as of June 30, 2024 (Unaudited) and December 31, 2023

Condensed Consolidated Statements of Changes in Equity (Unaudited) for the Six Months Ended June 30, 2024 and 2023

Condensed Consolidated Statements of Cash Flows (Unaudited) for the Six Months Ended June 30, 2024 and 2023

Notes to Condensed Consolidated Financial Statements (Unaudited)

(b) Management's Discussion and Analysis of Financial Condition and Results of Operations

Amendment Agreement to Sale and Purchase Agreement for William Minerals

On December 31, 2024, the Company entered into an amendment agreement (the “Amendment Agreement II“) to further amend the sale and purchase agreement dated as of February 27, 2023 by and among Feishang Group and Top Pacific (China) Limited (together, the “Sellers”), and the respective beneficial owner of the Sellers, Mr. Li Feilie and Mr. Yao Yuguang (the “SPA”) with the parties thereto, which was first amended by an amendment agreement dated December 22, 2023 (the “Amendment Agreement”). The SPA was originally entered into for the purposes of acquiring 100% equity interests of Greatfame Investments Limited, which owns 100% equity interest in Williams Minerals (Pvt) Ltd (“Williams Minerals”) (the “Acquisition”). As the Sellers are still in the process of satisfying conditions precedent to the closing of the Acquisition in accordance with the SPA, including but not limited to obtaining requisite governmental approvals, the parties first entered into the Amendment Agreement to extend the long stop date for closing the Acquisition (the “Long Stop Date”) from December 31, 2023 to December 31, 2024, and entered into the Amendment Agreement II on December 31, 2024 to further extend the Long Stop Date from December 31, 2024 to December 31, 2025.

The description of the Amendment Agreement II herein is qualified in its entirety by reference to the Amendment Agreement II to Sale and Purchase Agreement dated as of December 31, 2024 by and among the Company, the Sellers and the respective beneficial owner of the Sellers, which is filed as Exhibit 99.1 to this Form 6-K.

Press Release

On December 31, 2024, the Company issued a press release including a portion of the information contained in this current report. The press release furnished herewith as Exhibit 15.1 shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

Exhibit Index

15.1		Press Release dated December 31, 2024.
99.1		Amendment Agreement II dated December 31, 2024 to Sale and Purchase Agreement dated as of February 27, 2023 by and among the Company, Feishang Group and Top Pacific (China) Limited, Li Feilie and Yao Yuguang
101.INS		Inline XBRL Instance Document - this instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.
101.SCH		Inline XBRL Taxonomy Extension Schema Document.
101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase Document.
101.DEF		Inline XBRL Taxonomy Extension Definition Linkbase Document.
101.LAB		Inline XBRL Taxonomy Extension Label Linkbase Document.
101.PRE		Inline XBRL Taxonomy Extension Presentation Linkbase Document.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	CHINA NATURAL RESOURCES, INC.

Date: December 31, 2024	By:	/s/ Wong Wah On Edward
		Wong Wah On Edward
		Chairman and Chief Executive Officer

CHINA NATURAL RESOURCES, INC.

INDEX TO CONSOLIDATED FINANCIAL STATEMENTS

UNAUDITED INTERIM FINANCIAL STATEMENTS	Pages

Condensed Consolidated Statements of Profit or Loss (Unaudited) for the Six Months Ended June 30, 2024 and 2023	F-2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) for the Six Months Ended June 30, 2024 and 2023	F-3

Condensed Consolidated Statements of Financial Position as of June 30, 2024 (Unaudited) and December 31, 2023	F-4 – F-5

Condensed Consolidated Statements of Changes in Equity (Unaudited) for the Six Months Ended June 30, 2024 and 2023	F-6

Condensed Consolidated Statements of Cash Flows (Unaudited) for the Six Months Ended June 30, 2024 and 2023	F-7

Notes to Condensed Consolidated Financial Statements (Unaudited)	F-8 – F-29

F-1

CHINA NATURAL RESOURCES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS (UNAUDITED)

FOR THE SIX MONTHS ENDED JUNE 30, 2024 AND 2023

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


			Six Months Ended June 30,
			2023			2024			2024
			CNY			CNY			US$
	Notes		(Unaudited)			(Unaudited)			(Unaudited)
CONTINUING OPERATIONS
Administrative expenses				(4,879	)		(3,996	)		(550	)
Other income				500			—			—
Fair value (loss)/gain on financial instruments		5		(86	)		3,862			531
Finance costs				(44	)		(30	)		(4	)
Finance income				3			42			6

LOSS BEFORE INCOME TAX		5		(4,506	)		(122	)		(17	)

Income tax expense		6		—			—			—

LOSS FOR THE PERIOD FROM CONTINUING OPERATIONS				(4,506	)		(122	)		(17	)

DISCONTINUED OPERATIONS
Loss for the period from discontinued operations, net of tax				(4,955	)		—			—

LOSS FOR THE PERIOD				(9,461	)		(122	)		(17	)

ATTRIBUTABLE TO:
Owners of the Company
From continuing operations				(4,506	)		(122	)		(17	)
From discontinued operations				(6,236	)		—			—
Non-controlling interests
From continuing operations				—			—			—
From discontinued operations				1,281			—			—

LOSS FOR THE PERIOD				(9,461	)		(122	)		(17	)

LOSS PER SHARE ATTRIBUTABLE TO OWNERS OF THE COMPANY:
Basic and diluted
- For loss from continuing operations		7		(0.55	)		(0.01	)		—
- For loss from discontinued operations		7		(0.76	)		—			—
- Loss per share		7		(1.31	)		(0.01	)		—

F-2

CHINA NATURAL RESOURCES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)

FOR THE SIX MONTHS ENDED JUNE 30, 2024 AND 2023

(Amounts in thousands)


	Six Months Ended June 30,
	2023			2024			2024
	CNY			CNY			US$
	(Unaudited)			(Unaudited)			(Unaudited)

LOSS FOR THE PERIOD		(9,461	)		(122	)		(17	)

Other comprehensive (loss)/income that will be reclassified to profit or loss in subsequent periods:
Foreign currency translation adjustments of the subsidiaries		(5,129	)		3,991			549
Other comprehensive income that will not be reclassified to profit or loss in subsequent periods:
Foreign currency translation adjustments of the Company		4,747			4,358			600

Total other comprehensive (loss)/ income for the period, net of tax		(382	)		8,349			1,149

TOTAL COMPREHENSIVE (LOSS)/ INCOME FOR THE PERIOD		(9,843	)		8,227			1,132

Attributable to:
Owners of the Company
From continuing operations		(4,888	)		8,227			1,132
From discontinued operations		(6,236	)		—			—
Non-controlling interests
From continuing operations		—			—			—
From discontinued operations		1,281			—			—

TOTAL COMPREHENSIVE LOSS FOR THE YEAR		(9,843	)		8,227			1,132

F-3

CHINA NATURAL RESOURCES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

AS OF JUNE 30, 2024 (UNAUDITED) AND DECEMBER 31, 2023

(Amounts in thousands)


			December 31,		June 30,
			2023		2024		2024
			CNY		CNY		US$
	Notes		(Audited)		(Unaudited)		(Unaudited)

ASSETS

NON-CURRENT ASSETS
Property, plant and equipment		8		53		54		7
Right-of-use assets				346		—		—
Other non-current assets		9		247,530		254,238		34,984

TOTAL NON-CURRENT ASSETS				247,929		254,292		34,991

CURRENT ASSETS
Prepayments		10		1,107		1,067		147
Other receivables		11		18		21		3
Cash and cash equivalents		12		4,753		8,779		1,208

TOTAL CURRENT ASSETS				5,878		9,867		1,358

TOTAL ASSETS				253,807		264,159		36,349

F-4

CHINA NATURAL RESOURCES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (CONTINUED)

AS OF JUNE 30, 2024 (UNAUDITED) AND DECEMBER 31, 2023

(Amounts in thousands)

			December 31,			June 30,
			2023			2024			2024
			CNY			CNY			US$
	Notes		(Audited)			(Unaudited)			(Unaudited)

LIABILITIES AND EQUITY

CURRENT LIABILITIES
Trade payables				100			100			14
Other payables and accruals		13		82,610			79,405			10,926
Derivative financial liabilities		14		—			4,419			608
Lease liabilities				360			376			52
Due to related companies		18		9,069			6,221			856
Due to the Shareholder		18		85,673			77,317			10,639

TOTAL CURRENT LIABILITIES				177,812			167,838			23,095

TOTAL LIABILITIES				177,812			167,838			23,095

EQUITY
Issued capital		16		450,782			450,782			62,029
Other capital reserves		16		758,775			770,874			106,074
Accumulated losses				(1,122,851	)		(1,122,973	)		(154,524	)
Other comprehensive losses				(10,711	)		(2,362	)		(325	)

EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY				75,995			96,321			13,254
NON-CONTROLLING INTERESTS				—			—			—

TOTAL EQUITY				75,995			96,321			13,254

TOTAL LIABILITIES AND EQUITY				253,807			264,159			36,349

F-5

CHINA NATURAL RESOURCES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED)

FOR THE SIX MONTHS ENDED JUNE 30, 2024 AND 2023

(Amounts in thousands)

Attributable to Owners of the Company


	Issued capital		Other capital reserves		Accumulated losses			Other comprehensive (loss)/income			Total			Non-controlling interests		Total Equity
		CNY		CNY		CNY			CNY			CNY			CNY		CNY

Balance as of January 1, 2023		450,782		735,319		(1,109,010	)		(9,322	)		67,769			109,680		177,449
(Loss)/profit for the period		—		—		(10,742	)		—			(10,742	)		1,281		(9,461	)
Foreign currency translation adjustments		—		—		—			(382	)		(382	)		—		(382	)

Total comprehensive (loss)/income		—		—		(10,742	)		(382	)		(11,124	)		1,281		(9,843	)

Balance as of June 30, 2023		450,782		735,319		(1,119,752	)		(9,704	)		56,645			110,961		167,606

Balance as of January 1, 2024		450,782		758,775		(1,122,851	)		(10,711	)		75,995			—		75,995
Loss for the period		—		—		(122	)		—			(122	)		—		(122	)
Foreign currency translation adjustments		—		—		—			8,349			8,349			—		8,349

Total comprehensive (loss)/income		—		—		(122	)		8,349			8,227			—		8,227

Issue of shares		—		11,511		—			—			11,511			—		11,511
Share-based payments (Note 17)		—		588		—			—			588			—		588

Balance as of June 30, 2024		450,782		770,874		(1,122,973	)		(2,362	)		96,321			—		96,321

Balance as of June 30, 2024 (US$)		62,029		106,074		(154,524	)		(325	)		13,254			—		13,254

F-6

CHINA NATURAL RESOURCES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED)

FOR THE SIX MONTHS ENDED JUNE 30, 2024 AND 2023

(Amounts in thousands)


			Six Months Ended June 30,
			2023			2024			2024
			CNY			CNY			US$
	Note		(Unaudited)			(Unaudited)			(Unaudited)

OPERATING ACTIVITIES				3,047			(11,846	)		(1,630	)

INVESTING ACTIVITIES
Purchase of property, plant and equipment				(6	)		(4	)		(1	)
Expenditures on mine development				(1,042	)		—			—

Net cash flows used in investing activities				(1,048	)		(4	)		(1	)

FINANCING ACTIVITIES
Proceeds from issuance of shares				—			20,429			2,811
Repayments of bank loans				(1,500	)		—			—
Advances from related companies				2,440			60			8
Repayments to the Shareholder				—			(4,653	)		(640	)
Payment of principal portion of lease liabilities				(583	)		—			—
Payment of interest expenses of lease liabilities				(81	)		—			—
Interest paid				(1,878	)		—			—

Net cash flows (used in)/from financing activities				(1,602	)		15,836			2,179

NET INCREASE IN CASH AND CASH EQUIVALENTS				397			3,986			548

NET FOREIGN EXCHANGE DIFFERENCE				117			40			6

CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD				31,695			4,753			654

CASH AND CASH EQUIVALENTS AT END OF PERIOD		12		32,209			8,779			1,208

F-7

CHINA NATURAL RESOURCES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

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

ORGANIZATION AND PRINCIPAL ACTIVITIES

China Natural Resources, Inc. (“CHNR” or the “Company”) is a British Virgin Islands (“BVI”) holding company incorporated in 1993. The address of the principal executive office is Room 2205, 22/F, West Tower, Shun Tak Centre, 168-200 Connaught Road Central, Sheung Wan, Hong Kong. The Company’s principal activity is investment holding. The Company’s subsidiaries (collectively with CHNR, the “Group”) are primarily involved in the exploration and mining and wastewater treatment businesses in the People’s Republic of China (“PRC”).

CHNR’s principal shareholder is Feishang Group Limited (“Feishang Group” or the “Shareholder”), a BVI corporation. Mr. Li Feilie is the controlling shareholder of Feishang Group. In the opinion of the directors of the Company (the “Directors”), the ultimate parent of CHNR is Laitan Investment Limited, a BVI corporation.

2.1

BASIS OF PRESENTATION

The interim condensed consolidated financial statements for the six months ended June 30, 2024 have been prepared in accordance with International Accounting Standard (“IAS”) 34 Interim Financial Reporting.

The Group has prepared the financial statements on the basis that it will continue to operate as a going concern.

As of June 30, 2024, the Group had net current liabilities of CNY157,971 (US$21,737). In view of the circumstance, the directors have given consideration to the future liquidity and performance of the Group and its available sources of financing in assessing whether the Group will have sufficient financial resources to continue as a going concern. The Group has obtained letters from each of Feishang Group Limited (“Feishang Group” or the “Shareholder”) and Feishang Enterprise Group Company Limited (“Feishang Enterprise”), entities controlled by Mr. Li Feilie, the principal beneficial shareholder of the Company, which state that Feishang Group and Feishang Enterprise will provide continuous financial support to the Group in relation to the going concern of its operations, and will not recall any amounts due to them until the Group has sufficient liquidity to finance its operations. Feishang Enterprise’s letter also states that it will pay debts on behalf of the Group when needed. Accordingly, in the opinion of the directors, it is appropriate for the financial statements to be prepared on a going concern basis, and not less than 12 months from the end of the reporting period.

The interim condensed consolidated financial statements do not include all the information and footnotes required by International Financial Reporting Standards (“IFRS”) for complete financial statements, and should be read in conjunction with the consolidated financial statements and footnotes thereto included in the Group’s annual report on Form 20-F for the year ended December 31, 2023 (the “2023 Annual Report”).

The condensed consolidated financial statements include the accounts of CHNR and those subsidiaries in which CHNR has direct or indirect controlling interests. The Company’s subsidiaries as of June 30, 2024 are as described in the 2023 Annual Report.

For the convenience of readers, amounts in Renminbi, the Chinese currency (“CNY”), have been translated into United States dollars (“US$”) at the applicable rate of US$1.00 = CNY7.2673 as quoted by www.ofx.com as of June 30, 2024, except as otherwise disclosed. No representation is made that the CNY amounts could have been, or could be, converted into US$ at that rate, or at all.

F-8

CHINA NATURAL RESOURCES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

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

2.2

CHANGES IN ACCOUNTING POLICIES AND DISCLOSURES

The accounting policies adopted in the preparation of the interim condensed consolidated financial information are consistent with those applied in the preparation of the Group’s annual consolidated financial statements for the year ended December 31, 2023, except for the adoption of the following new and revised IFRS for the first time for the current period’s financial information.

Amendments to IFRS 16	Lease Liability in a Sale and Leaseback
Amendments to IAS 1	Classification of Liabilities as Current or Non-current (the “2020 Amendments”)
Amendments to IAS 1	Non-current Liabilities with Covenants (the “2022 Amendments”)
Amendments to IAS 7 and IFRS 7	Supplier Finance Arrangements

The nature and impact of the revised IFRSs that are applicable to the Group are described below:

(a)

Amendments to IFRS 16 specify the requirements that a seller-lessee uses in measuring the lease liability arising in a sale and leaseback transaction to ensure the seller-lessee does not recognise any amount of the gain or loss that relates to the right of use it retains. Since the Group has no sale and leaseback transactions with variable lease payments that do not depend on an index or a rate occurring from the date of initial application of IFRS 16, the amendments did not have any impact on the financial position or performance of the Group.

(b)

The 2020 Amendments clarify the requirements for classifying liabilities as current or non-current, including what is meant by a right to defer settlement and that a right to defer must exist at the end of the reporting period. Classification of a liability is unaffected by the likelihood that the entity will exercise its right to defer settlement. The amendments also clarify that a liability can be settled in its own equity instruments, and that only if a conversion option in a convertible liability is itself accounted for as an equity instrument would the terms of a liability not impact its classification. The 2022 Amendments further clarify that, among covenants of a liability arising from a loan arrangement, only those with which an entity must comply on or before the reporting date affect the classification of that liability as current or non-current. Additional disclosures are required for non-current liabilities that are subject to the entity complying with future covenants within 12 months after the reporting period.

The Group has reassessed the terms and conditions of its liabilities as at 1 January 2023 and 2024 and concluded that the classification of its liabilities as current or non-current remained unchanged upon initial application of the amendments. Accordingly, the amendments did not have any impact on the financial position or performance of the Group.

(c)

Amendments to IAS 7 and IFRS 7 clarify the characteristics of supplier finance arrangements and require additional disclosure of such arrangements. The disclosure requirements in the amendments are intended to assist users of financial statements in understanding the effects of supplier finance arrangements on an entity’s liabilities, cash flows and exposure to liquidity risk. The disclosure of relevant information for supplier finance arrangements is not required for any interim reporting period during the first annual reporting period in which an entity applies the amendments. As the Group does not have supplier finance arrangements, the amendments did not have any impact on the interim condensed consolidated financial statements.

F-9

CHINA NATURAL RESOURCES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

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

DISCONTINUED OPERATIONS

On July 28, 2023, the Company’s board of directors had approved the Sale and Purchase Agreement (“SPA") with Feishang Group. Pursuant to the SPA, the Company agreed to sell 100% equity interest of Precise Space-Time Technology Limited ("PSTT") to Feishang Group, together with PSTT's outstanding payable owed to the Company, for consideration of approximately CNY95,761 comprising: (i) CNY-34,197, the fair value of 100% equity interest of PSTT as determined by the independent valuation report dated July 28, 2023. (ii) CNY129,958, the book value of PSTT's outstanding payable owed to the Company (referred as Disposal of PSTT). PSTT operated the wastewater treatment segment. After the disposal, the Company will not operate any wastewater treatment business and will continue operating its exploration and mining business.

The Disposal of PSTT was accounted for as an equity transaction of entities under common control.

The results of PSTT for the period ended June 30, 2023 are presented below.

Schedule of disposal pstt
	Six Months Ended June 30, 2023
		CNY
		(Unaudited)

Revenue		12,216
Cost of sales		(5,376	)
GROSS PROFIT		6,840

Selling and distribution expenses		(420	)
Administrative expenses		(5,139	)
Other income		142
Impairment losses on financial assets		(10,763	)
Finance costs		(1,886	)
Finance income		8,098

LOSS BEFORE INCOME TAX		(3,128	)

Income tax expense		(1,827	)

LOSS FOR THE PERIOD FROM THE DISCONTINUED OPERATIONS		(4,955	)

ATTRIBUTABLE TO:
Owners of the Company		(6,236	)
Non-controlling interests		1,281

F-10

CHINA NATURAL RESOURCES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

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

3. DISCONTINUED OPERATIONS (CONTINUED)

The net cash flows incurred by PSTT are as follows:


	Six Months Ended June 30, 2023
		CNY

Operating activities		5,702
Investing activities		(6	)
Financing activities		(3,378	)
Net foreign exchange difference		52
Net increase in cash and cash equivalents		2,370

Loss per share
– Basic, from the discontinued operations	(0.76	)
– Diluted, from the discontinued operations	(0.76	)

The calculations of basic and diluted earnings per share from discontinued operations are based on:

	Six Months Ended June 30, 2023
		CNY

Loss for the period attributable to owners of the Company from discontinued operations		(6,236	)
Weighted average number of ordinary shares in issue during the period used in the basic and diluted earnings per share calculation (Note 7)		8,197,897

F-11

CHINA NATURAL RESOURCES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

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

SEGMENT INFORMATION

Operating segments are identified on the basis of internal reports about components of the Group that are regularly reviewed by the Group’s management and the Company’s Board of Directors for the purpose of resource allocation and performance assessment.

Management assesses the performance of operating segments based on profit or loss before income tax in related periods. The manner of assessment is consistent with that applied in these financial statements.

Deferred tax assets, income tax payable and deferred tax liabilities are excluded from segment assets and segment liabilities. The Group had neither sale of products nor provisions of services between the operating segments.

As of December 31, 2023 and June 30, 2024, after the disposal of PSTT in July 2023, the Group only operates in one operating segment: exploration and mining, which consists of the exploration for lead, silver, lithium and other metals. The segment results for the six months ended June 30, 2023 were retroactively restated to exclude discontinued operations (Note 3). Segment performance is evaluated based on reportable segment profit / (loss), which is a measure of adjusted profit / (loss) before tax from continuing operations. The segment analysis below is provided for the Group's continuing operations and does not include any amount from a discontinued operation, namely the wastewater treatment (see Note 3 for information on discontinued operations).

For the six months ended June 30, 2023, the segment results were as follows:

Schedule of segment results
	Exploration and mining			Corporate activities			Total
		CNY			CNY			CNY

Other items
Depreciation of property, plant and equipment		(2	)		(1	)		(3	)
Depreciation of right of use assets		—			(354	)		(354	)
Other income		500			—			500
Fair value loss on financial instruments		—			(86	)		(86	)
Finance costs		(1	)		(43	)		(44	)
Finance income		—			3			3
Loss for the period from continuing operations		(73	)		(4,433	)		(4,506	)

For the six months ended June 30, 2024, the segment results were as follows:

	Exploration and mining			Corporate activities			Total
		CNY			CNY			CNY

Other items
Depreciation of property, plant and equipment		(2	)		—			(2	)
Depreciation of right of use assets		—			(356	)		(356	)
Fair value gain on financial instruments		—			3,862			3,862
Finance costs		(1	)		(29	)		(30	)
Finance income		2			40			42
Loss for the period from continuing operations		(548	)		426			(122	)

F-12

CHINA NATURAL RESOURCES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

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

4. SEGMENT INFORMATION (CONTINUED)

For the six months ended June 30, 2024, the segment results were as follows: (continued)

	Exploration and mining			Corporate activities			Total
		US$			US$			US$

Other items
Depreciation of property, plant and equipment		—			—			—
Depreciation of right of use assets		—			(49	)		(49	)
Fair value loss on financial instruments		—			531			531
Finance costs		—			(4	)		(4	)
Finance income		—			6			6
Loss for the period from continuing operations		(75	)		58			(17	)

The reconciliation of segment assets to total assets is as follows:

	December 31,		June 30,
	2023		2024		2024
	CNY		CNY		US$

Segment assets:
Exploration and mining		252,133		258,295		35,542
Corporate activities		1,674		5,864		807
Total assets		253,807		264,159		36,349

The reconciliation of segment liabilities to total liabilities is as follows:

	December 31,		June 30,
	2023		2024		2024
	CNY		CNY		US$

Segment liabilities:
Exploration and mining		159,285		154,240		21,224
Corporate activities		18,527		13,598		1,871
Total liabilities		177,812		167,838		23,095

The reconciliation from loss for the period from continuing operations to net loss is as follows:

Schedule of reconciliation from loss
	June 30,
	2023			2024			2024
	CNY			CNY			US$

Loss for the period from continuing operations		(4,506	)		(122	)		(17	)
Loss for the period from discontinued operations		(4,955	)		—			—
Net loss (including non-controlling interests)		(9,461	)		(122	)		(17	)

F-13

CHINA NATURAL RESOURCES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

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

LOSS BEFORE INCOME TAX

The Group’s loss before tax from continuing operations is arrived at after (crediting)/charging:


	Six months ended June 30,
	2023			2024			2024
	CNY			CNY			US$
	(Unaudited)			(Unaudited)			(Unaudited)

Crediting:
Finance income		(3	)		(42	)		(6	)
Other income		(500	)		—			—

Depreciation:
- Property, plant and equipment		3			2			—
- Right-of-use assets		354			356			49
Expense relating to short-term leases		97			97			13
Fair value loss/(gain) on financial instruments:
- Derivative financial liabilities		86			(3,862	)		(531	)
Finance costs		44			30			4

The Group’s loss before tax from discontinuing operations is arrived at after (crediting)/charging:


	Six months ended June 30,
	2023			2024		2024
	CNY			CNY		US$
	(Unaudited)			(Unaudited)		(Unaudited)

Crediting:
Finance income (Note 3)		(8,098	)		—		—
Other income		(142	)		—		—

Charging:
Cost of sales:
- Construction service		2,423			—		—
- Operation and maintenance services		256			—		—
- Operation services related to service concession arrangement		2,697			—		—
Total		5,376			—		—


Depreciation:
- Property, plant and equipment		103			—		—
- Right-of-use assets		359			—		—
Amortization of intangible assets		395			—		—
Expense relating to short-term leases		112			—		—
Impairment losses on financial assets:
- Trade receivables		388			—		—
- Contract assets		3,546			—		—
- Other receivables		6,829			—		—
Finance costs (Note 3)		1,886			—		—

F-14

CHINA NATURAL RESOURCES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

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

INCOME TAX EXPENSE

The Company is incorporated in the BVI and conducts its primary business operations through its subsidiaries in mainland China. It also has intermediate holding companies in the BVI and Hong Kong. Under the current laws of the BVI, the Company and its subsidiaries incorporated in the BVI are not subject to tax on income or capital gains. The Hong Kong Profits Tax rate is 16.50%. The Company’s Hong Kong subsidiaries have both Hong Kong–sourced and non-Hong Kong–sourced income. The latter is not subject to Hong Kong Profits Tax and the related expenses are non-tax-deductible. For the Hong Kong–sourced income, no provision for Hong Kong Profits Tax was made as such operations sustained tax losses during the period ended June 30, 2023 and 2024. Furthermore, there are no withholding taxes in Hong Kong on the remittance of dividends.

China

Under the Law of the PRC on corporate income tax and the Implementation Regulation of the Corporate Income Tax Law (collectively, the “CIT Law”), the Company’s PRC subsidiaries are generally subject to PRC corporate income tax at the statutory rate of 25% on their respective estimated assessable profits for the six months ended June 30, 2023 and 2024.

Under the prevailing CIT Law and its relevant regulations, any dividends paid by the Company’s mainland China subsidiaries from their earnings derived after January 1, 2008 to the Company’s Hong Kong subsidiaries are subject to PRC dividend withholding tax of 5% or 10%, depending on the applicability of the Sino-Hong Kong tax treaty.

The current and deferred components of income tax expense are as follows:


	Six months ended June 30,
	2023		2024		2024
	CNY		CNY		US$
	(Unaudited)		(Unaudited)		(Unaudited)

Current income tax expense		—		—		—
Deferred income tax benefit		—		—		—
Total tax credit for the period from continuing operations		—		—		—
Total tax charge for the period from a discontinued operation		1,827		—		—

Total		1,827		—		—

F-15

CHINA NATURAL RESOURCES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

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

LOSS PER SHARE

Basic loss per share is calculated by dividing the loss for the period attributable to ordinary equity holders of the Company by the weighted average number of common shares outstanding during the period.

Diluted loss per share is calculated by dividing the loss attributable to ordinary equity holders of the Company by the weighted average number of common shares outstanding during the period plus the weighted average number of common shares that would be issued on conversion of all outstanding dilutive securities into common shares.

Basic and diluted net loss per share for the six months ended June 30, 2023 and 2024 are as follows:


	Six months ended June 30,
	2023			2024			2024
	CNY			CNY			US$
	(Unaudited)			(Unaudited)			(Unaudited)

Loss for the period attributable to owners of the Company
From continuing operations		(4,506	)		(122	)		(17	)
From discontinued operations		(6,236	)		—			—

Weighted average number of ordinary shares for basic and diluted loss per share*		8,197,897			9,398,397			9,398,397

Loss per share:
Basic and diluted*
For loss from continuing operations		(0.55	)		(0.01	)		—
For loss from discontinued operations		(0.76	)		—			—
Loss per share		(1.31	)		(0.01	)		—

For the period ended June 30, 2023 and 2024, the effects of the outstanding warrants and share options were anti-dilutive and excluded from the computation of diluted loss per share. Accordingly, the diluted loss per share amounts are the same as the basic loss per share amounts for the periods presented.

PROPERTY, PLANT AND EQUIPMENT

During the six months ended 30 June 2024, the Group acquired assets at a cost of CNY4 (US$1) (six months ended 30 June 2023: CNY6).

None of assets were disposed by the Group during the six months ended 30 June 2024 and 30 June 2023.

No impairment loss was recognized for the six months ended 30 June 2024 and 2023.

F-16

CHINA NATURAL RESOURCES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

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

OTHER NON-CURRENT ASSETS

Schedule of other non-current assets
	December 31,		June 30,
	2023		2024		2024
	CNY		CNY		US$
	(Audited)		(Unaudited)		(Unaudited)

Zimbabwe lithium deposits (i)		247,420		254,054		34,959
Others		110		184		25

Total		247,530		254,238		34,984

(i) Please refer to Note 18 (b) for more details.

10.

PREPAYMENTS

Schedule of prepayments
	December 31,		June 30,
	2023		2024		2024
	CNY		CNY		US$
	(Audited)		(Unaudited)		(Unaudited)

Prepayment to suppliers		1,093		1,043		144
Deferred expenses		14		24		3

Total		1,107		1,067		147

11.

OTHER RECEIVABLES

Schedule of other receivables
	December 31,		June 30,
	2023		2024		2024
	CNY		CNY		US$
	(Audited)		(Unaudited)		(Unaudited)

Financial assets:
Deposits		3		3		—
Financials asset		3		3		—

Staff advance		12		12		2
Others		3		6		1
Total amount		15		18		3

Total		18		21		3

F-17

CHINA NATURAL RESOURCES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

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

12.

CASH AND CASH EQUIVALENTS

Cash and cash equivalents are set out below as of December 31, 2023 and June 30, 2024:

Schedule of cash and cash equivalents
	December 31,		June 30,
	2023		2024		2024
	CNY		CNY		US$
	(Audited)		(Unaudited)		(Unaudited)

Cash and cash equivalents
- Cash on hand		2		1		1
- Cash at bank		4,751		8,778		1,207

Total		4,753		8,779		1,208

The carrying amounts of the Group’s cash and cash equivalents are denominated in the following currencies:


	December 31,		June 30,
	2023		2024		2024
	CNY		CNY		US$
	(Audited)		(Unaudited)		(Unaudited)

CNY		3,673		1,781		245
US$		762		6,609		909
HK$		318		389		54

Total		4,753		8,779		1,208

Cash at banks earns interest at floating rates based on daily bank deposit rates. The bank balances and time deposits are deposited with creditworthy banks with no recent history of default.

13.

OTHER PAYABLES AND ACCRUALS

Schedule of other payables and accruals
	December 31,		June 30,
	2023		2024		2024
	CNY		CNY		US$
	(Audited)		(Unaudited)		(Unaudited)

Financial liabilities
Accrued expenses		7,748		2,575		354
Deposits from customers		116		102		14
Other payables (financial liabilities)		7,864		2,677		368

Taxes other than income tax payable (a)		2		—		—
Accrued payroll		156		177		24
Transaction deposit of mining right acquisition (Note18 (b))		74,322		76,217		10,488
Others		266		334		46
Others payables (non-financial liabilities)		74,746		76,728		10,558

Total		82,610		79,405		10,926

(a)

Taxes other than income taxes payable mainly comprise accruals for output value-added tax, city construction tax and education surcharge.

F-18

CHINA NATURAL RESOURCES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

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

14.

FINANCIAL INSTRUMENTS

(a)

Financial assets

Set out below is an overview of financial assets, other than cash and short-term deposits, held by the Group as of December 31, 2023 and June 30, 2024:

Schedule of financial assets
	December 31,		June 30,
	2023		2024		2024
	CNY		CNY		US$
	(Audited)		(Unaudited)		(Unaudited)

Debt instruments at amortized cost:
Financial assets included in other Receivables		3		3		—

Total		3		3		—

Total Current		3		3		—
Total Non-current		—		—		—

(b)

Financial liabilities

Set out below, is an overview of financial liabilities of the Group as of December 31, 2023 and June 30, 2024:

Schedule of financial liabilities
	December 31,		June 30
	2023		2024		2024
	CNY		CNY		US$
	(Audited)		(Unaudited)		(Unaudited)

Derivatives not designated as hedging instruments:
Derivative financial liabilities (Note 16)		—		4,419		608
Financial liabilities at amortized cost:
Trade payables		100		100		14
Financial liabilities in other payables and accruals		7,864		2,677		368
Lease liabilities		360		376		52
Due to related companies		9,069		6,221		856
Due to the Shareholder		85,673		77,317		10,639

Total		103,066		91,110		12,537

Total current		103,066		91,110		12,537
Total non-current		—		—		—

F-19

CHINA NATURAL RESOURCES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

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

14.

FINANCIAL INSTRUMENTS (CONTINUED)

(c)

Fair value

The following table provides the fair value measurement hierarchy of the Group's financial liabilities as at June 30, 2024:

Quoted prices

in active markets

(Level 1)

(Unaudited)

Significant

observable

inputs(Level 2)

(Unaudited)

Significant

unobservable

inputs(Level 3)

(Unaudited)

Total

CNY

Financial liabilities

Derivative financial liabilities

—

4,419

—

4,419

Quoted prices

in active markets

(Level 1)

(Unaudited)

Significant

observable

inputs(Level 2)

(Unaudited)

Significant

unobservable

inputs(Level 3)

(Unaudited)

Total

US$

Financial liabilities

Derivative financial liabilities

—

608

—

608

There are no financial assets measured at fair value as of December 31, 2023 and June 30,2024.

F-20

CHINA NATURAL RESOURCES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

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

15.

FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

The financial instruments of the Group primarily include cash and cash equivalents, trade and bills receivable, other receivables, contract assets, derivative financial liabilities, trade payables, other payables, dividends payable, amounts due to related companies, amounts due to the Shareholder, lease liabilities and interest-bearing loans and borrowings.

The Group is exposed to credit risk, foreign currency risk, interest rate risk, business and economic risk and liquidity risk. The Group has not used any derivatives or other instruments for hedging purposes. The Group does not hold or issue derivative financial liabilities for trading purposes. The Group reviews and agrees policies for managing each of these risks and they are summarized below.

(a)

Credit risk

Management has a credit policy in place and the exposures to credit risk are monitored on an ongoing basis. Debts are usually due within 30 to 90 days from the date of billing.

Management groups financial instruments based on shared credit risk characteristics, such as instrument type and credit risk ratings for the purpose of determining significant increase in credit risk and calculation of impairment. The carrying amount of each financial asset in the condensed interim consolidated statement of financial position represents the Group’s maximum exposure to credit risk in relation to its financial assets.

A financial asset is credit-impaired when one or more events that have a detrimental impact on the estimated future cash flows of that financial asset have occurred. Evidence that a financial asset is credit-impaired includes observable data about the following events:

- significant financial difficulty of the debtor

- a breach of contract such as a default or past due event; or

- it is probable that the debtor will enter bankruptcy or other financial reorganization.

To manage credit risk arising from trade receivables and contract assets, the credit quality of the debtors is assessed, taking into account their historical settlement records, past experience and other factors. The Group applies the simplified approach to provide for ECLs prescribed by IFRS 9, which permits the use of lifetime expected loss provision for all trade receivables. The ECLs also incorporated forward-looking information.

For financial assets assessed for impairment under the general approach, the Group established a policy to perform an assessment at the end of each reporting period of whether a financial instrument’s credit risk has increased significantly since initial recognition, by considering the change in the risk of default occurring over the remaining life of the financial instrument. The Group groups its other receivables into Stage 1, Stage 2 and Stage 3, as described below:

Stage 1 – When other receivables are first recognized, the Group recognized an allowance based on 12 months’ ECLs.

Stage 2 – When other receivables have shown a significant increase in credit risk since origination, the Group records an allowance for the lifetime ECLs.

Stage 3 – Other receivables are considered credit-impaired. The Group records an allowance for the lifetime ECLs.

F-21

CHINA NATURAL RESOURCES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

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

15. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED)

(a)

Credit risk (continued)

Management also makes periodic collective assessments for other receivables and amounts due from related companies as well as individual assessments of the recoverability of other receivables based on historical settlement records, past experience and other factors. The Group classified other receivables and amounts due from related companies in Stage 1 and continuously monitored their credit risk. Management believes that there is no material credit risk inherent in the Group’s outstanding balance of other receivables as of December 31, 2023 and June 30, 2024.

The Group does not provide any guarantees that would expose the Group to credit risk. There is no further quantitative disclosures in respect of the Group’s exposure to credit risk arising from financial assets as of December 31, 2023 and June 30, 2024.

Cash and cash equivalents

The Group maintains its cash and cash equivalents primarily with various PRC state-owned banks and Hong Kong based financial institutions, which management believes are of high credit quality. The Group performs periodic evaluations of the relative credit standing of those financial institutions.

(b)

Foreign currency risk

Foreign currency risk primarily arises from certain significant foreign currency deposits denominated in US$ and HK$ and related exposures are disclosed in Note 12. The Group Treasury closely monitors the international foreign currency market on the change of exchange rates and takes these into consideration when investing in foreign currency deposits and borrowing loans.

CNY is not freely convertible into foreign currencies. The State Administration for Foreign Exchange, under the authority of the People's Bank of China, controls the conversion of CNY into foreign currencies. The value of CNY is subject to changes in PRC government policies and to international economic and political developments affecting the supply and demand in the China Foreign Exchange Trading System market. All foreign exchange transactions continue to take place either through the People's Bank of China or other banks authorized to buy and sell foreign currencies at the exchange rates quoted by the People's Bank of China.

There is no significant exposure to foreign currency risk as of December 31, 2023 and June 30, 2024 for the Company.

(c)

Interest rate risk

The fair value interest rate risk of the Group mainly arises from long-term loans at fixed rates. As the fluctuation of comparable interest rate (Loan Prime Rate of PRC market) with similar term was relatively low, the Directors are of the opinion that the Group is not exposed to any significant fair value interest rate risk for its fixed interest rate borrowings held as of December 31, 2023 and June 30, 2024.

(d)

Business and economic risk

The Group's operations may be adversely affected by significant political, economic and social uncertainties in the PRC. Although the PRC government has been pursuing economic reform policies for more than 40 years, no assurance can be given that the PRC government will continue to pursue such policies or that such policies may not be significantly altered, especially in the event of a change in leadership, social or political disruption or unforeseen circumstances affecting the political, economic and social conditions in the PRC. There is also no guarantee that the PRC government's pursuit of economic reforms will be consistent or effective.

F-22

CHINA NATURAL RESOURCES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

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

15. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED)

(e)

Liquidity risk

The Group manages its liquidity risk by regularly monitoring its liquidity requirements and its compliance with debt covenants to ensure that it maintains sufficient cash and cash equivalents, as well as adequate time deposits to meet its liquidity requirements in the short and long term.

The table below summarizes the maturity profile of the Group’s financial liabilities and lease liabilities based on contractual undiscounted payments:


December 31, 2023 (Audited)	On demand		Less than 1 year		1 to 5 years		More than 5 years		Total
		CNY		CNY		CNY		CNY		CNY

Trade payables		100		—		—		—		100
Financial liabilities in other payables and accruals		—		7,864		—		—		7,864
Due to related companies		—		9,069		—		—		9,069
Due to the Shareholder		—		85,673		—		—		85,673
Lease liabilities		—		366		—		—		366

Total		100		102,972		—		—		103,072


June 30, 2024 (Unaudited)	On demand		Less than 1 year		1 to 5 years		More than 5 years		Total
		CNY		CNY		CNY		CNY		CNY

Derivative financial liabilities		4,419		—		—		—		4,419
Trade payables		100		—		—		—		100
Financial liabilities in other payables and accruals		—		2,677		—		—		2,677
Due to related companies		—		6,221		—		—		6,221
Due to the Shareholder		—		77,317		—		—		77,317
Lease liabilities		376		—		—		—		376

Total		4,895		86,215		—		—		91,110


June 30, 2024 (Unaudited)	On demand		Less than 1 year		1 to 5 years		More than 5 years		Total
		US$		US$		US$		US$		US$

Derivative financial liabilities		608		—		—		—		608
Trade payables		14		—		—		—		14
Financial liabilities in other payables and accruals		—		368		—		—		368
Due to related companies		—		856		—		—		856
Due to the Shareholder		—		10,639		—		—		10,639
Lease liabilities		52		—		—		—		52

Total		674		11,863		—		—		12,537

(f)

Capital management

The Group monitors capital on the basis of the debt to capital ratio, which is calculated as interest-bearing debt divided by total capitalization. Interest-bearing debt mainly includes lease liabilities and interest-bearing loans and borrowings. Total capitalization includes total equity and interest-bearing debt. The debt to capital ratio was 0.47% as of December 31, 2023 and 0.39% as of June 30, 2024.

F-23

CHINA NATURAL RESOURCES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

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

16.

EQUITY

(a)

Issued capital

December 31,

June 30,

2023

2024

CNY

US$

(Audited)

(Unaudited)

Preferred shares authorized: June 30, 2024: 10,000,000, (December 31, 2023: 10,000,000) preferred shares, no par value

Preferred shares issued and fully issued paid: June 30, 2024: Nil, (December 31, 2023: Nil) preferred shares, no par value

—

Common shares authorized: June 30, 2024: 200,000,000, (December 31, 2023: 200,000,000) common shares, no par value

Common shares issued and fully paid:

June 30, 2024: 9,865,767*, (December 31, 2023: 8,377,897) common shares, no par value

450,782

62,029


	Number of shares			Share capital
				CNY		US$

As of January 1, 2023		40,948,082			450,782		62,029

Effect of Five-to-One Share Combination		(32,750,185	)		—		—

Equity-settled share-based payments		180,000			—		—

As of December 31, 2023 and January 1, 2024		8,377,897			450,782		62,029

Common shares issued through private placement*		1,487,870			—		—

As of June 30, 2024		9,865,767			450,782		62,029

F-24

CHINA NATURAL RESOURCES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

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

16.

EQUITY (CONTINUED)

* On February 16, 2024, the Company entered into a securities purchase agreement with certain institutional investors, pursuant to which the Company agreed to issue and sell, (i) in a registered direct offering, up to an aggregate of 1,487,870 of common shares with no par value of the Company at a per share purchase price of US$2.20 (the “Registered Offering”), and (ii) in a concurrent private placement, warrants initially exercisable for the purchase of an aggregate of 1,115,903 common shares of the Company at an exercise price of $3.00 per share. The registered Offering was closed on February 21, 2024.

The Company recognized the warrants issued to the investors as derivative financial liabilities (Note 14.b) at the fair value of the warrants on the issue date, which amounted to CNY8,229 (US$1,145*), as the investors have the right to exercise their warrants on a cashless basis according to the agreement clause. Per IAS 32, a contract settled by a single net payment (generally referred to as net cash-settled or net equity-settled as the case may be) is a financial liability and not an equity instrument. The gross proceeds of this offering less the fair value of warrants issued to investors amounted to CNY15,305 (US$2,129*) and was recorded in share capital.

Upon the closing of this offering and the private placement, the Company paid or committed to pay fees and offering expenses of CNY5,250 (US$730*), which consists of 8% of gross proceeds and certain expenses reimbursement to the placement agent in cash and the offering expenses related to other professional services. The total amount of fees and offering expenses were allocated to the issuance of common shares and investor warrants according to their fair value at the date of issuance. The amount allocated to the issuance of the shares of CNY3,414 (US$475*) have been charged directly to equity as a reduction in share capital. The amount allocated to the issuance of investor warrants of CNY1,836 (US$255*) were expensed and are included in administrative expenses. The Company recognized a fair value gain of CNY3,862 (US$ 531) on the derivative financial liabilities (Note 5) from the closing date to June 30, 2024.

*As the changes in equity from this private placement transaction are dominated in US$, all the amount in US$ of this disclosure paragraph are actual transaction amount and corresponding amount in CNY were translated from US$ at the applicable exchange rate of the closing date.

(b)

Other capital reserve

Other capital reserves of the Company are mainly for equity-settled share-based compensation, the exercise of stock options, the exercise of warrants, the business combination and the deemed contribution from the Shareholder of the Company and related companies.

F-25

CHINA NATURAL RESOURCES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

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

17.

SHARE-BASED PAYMENTS

The issuance of warrants to the placement agent

As mentioned in Note 16(a), in addition to fees and offering expenses paid in cash to the placement agent, the Group issued to the placement agent warrants to purchase an aggregate of up to five percent (5%) of the aggregate number of Shares sold in the Registered Offering (the “Placement Agent Warrants”). The Placement Agent Warrants shall generally be on the same terms and conditions as the Investors Warrants except that they will be exercisable at a price of $2.20 per share. The issuance of the agent warrants is an equity-settled share-based payment for professional services received from the placement agent. The Company recognized other capital reserves in an amount of CNY588 (US$82*), which represented the fair value of agent warrants as of issuance date. The fair value of services recorded is not used since it cannot be reliably estimated. The amount was allocated to the issuance of the common shares and investor warrants according to their relative fair values at the date of issuance and CNY383 (US$53*) and CNY205 (US$29*) were charged to share capital and administrative expenses, respectively.

The fair value of the agent warrants is estimated at the issue date using a binomial lattice pricing model using significant observable inputs including underlying spot price of the Company's ordinary shares, exercise price, time to expiration, risk-free rate and equity volatility, etc.

18.

RELATED PARTY BALANCES AND TRANSACTIONS

In addition to the transactions detailed elsewhere in the consolidated financial statements, the Group had the following transactions with related parties during the period:

(a) Commercial transactions with related companies


			Six months ended June 30,
			2023		2024		2024
			CNY		CNY		US$
	Notes		(Unaudited)		(Unaudited)		(Unaudited)

CHNR's share of office rental, rates and others to Anka Consultants Limited (“Anka”) ^*		(i)		218		234		32
Feishang Management's share of office rental to Feishang Enterprise^**		(ii)		84		84		12
Shenzhen New Precise Space-Time Technology Co., Limited (“Shenzhen New PST”)’s share of office rental to Feishang Enterprise^**				45		—		—

(i)

The Company signed a contract with Anka to lease 184 square meters of office premises for two years, from July 1, 2022 to June 30, 2024. The agreement also provides that the Company shares certain costs and expenses in connection with its use of the office, in addition to some of the accounting and secretarial services and day-to-day office administration services provided by Anka.

(ii)

On January 1, 2018, Feishang Management signed an office-sharing agreement with Feishang Enterprise. Pursuant to the agreement, Feishang Management shares 40 square meters of office premises for 33 months. Feishang Management signed a new contract with Feishang Enterprise in October 2023, which will expire on September 30, 2024.

F-26

CHINA NATURAL RESOURCES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

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

18. RELATED PARTY BALANCES AND TRANSACTIONS (CONTINUED)

(b)

Other transactions with related parties

On February 27, 2023, the Company entered into a sale and purchase agreement (the “SPA”) with Feishang Group and Top Pacific (China) Limited (together, the “Sellers”), and the respective beneficial owner of the sellers, Mr. Li Feilie and Mr. Yao Yuguang, to acquire 100% equity interests of Greatfame Investments Limited, which owns 100% equity interest in Williams Minerals (Pvt) Ltd (“Williams Minerals”) (the “Acquisition”). Williams Minerals owns the mining permit for the Zimbabwean lithium mine. The consideration to be paid by the Company for the Acquisition will be calculated by multiplying the qualified measured, indicated and inferred resources quantity of lithium oxide proven to be in the mine by independent technical reports by a unit price of US$500 per ton, less certain due diligence costs and expenses incurred by the Company for the issuance of the independent technical reports.

According to the SPA, the Company issued a US$24,500 promissory note (Promissory Note No. 1) and a US$10,500 promissory note to Feishang Group and Top Pacific (China) Limited respectively on April 14, 2023 to proceed with the acquisition. The Company recognized a liability due to shareholders amounted to US$24,500 and other payable amounted to US$10,500 respectively for the present obligations of these two promissory notes with corresponding non-current assets amounted to US$35,000.

On August 3, 2023, the Company entered into a set-off letter with Feishang Group, pursuant to the letter, the consideration of CNY95,761 liable to be paid by Feishang Group pursuant to the SPA for the disposal of the water treatment segment (Note 3) shall be set off against Promissory Note No. 1 using the exchange rate CNY1.00 = US$0.1400 such that a sum of US$13,407 shall be deducted from the Principal Amount as defined in Promissory Note No. 1. According to the letter, the Company derecognized the receivables from Feishang Group amounted to CNY95,761 and a liability due to shareholders amounted to CNY95,761.

Completion of the transaction as contemplated by the SPA is contingent upon the satisfaction of a number of conditions, including, among other things, the issuance of independent technical reports, the actual quantity of qualified lithium oxide metal resources proven or estimated to exist in each mining area covered by the relevant report, and the Company’s full settlement of the purchase consideration.

F-27

CHINA NATURAL RESOURCES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

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

18. RELATED PARTY BALANCES AND TRANSACTIONS (CONTINUED)

(c)

Balances with related companies

The Company’s balances with related companies are unsecured and non-interest bearing. Feishang Enterprise and the Shareholder have provided letters stating their continuous financial support to the Group and that they will not recall any amounts due to them until the Group has sufficient liquidity to finance its operations. The balances are summarized as follows:


			December 31,		June 30,
			2023		2024		2024
			CNY		CNY		US$
	Notes		(Audited)		(Unaudited)		(Unaudited)

Current:
Payable to related companies:
Feishang Enterprise^**		(i)		6,078		6,221		856
Anka Capital Limited (“Anka Capital”)*		(ii)		2,991		—		—
				9,069		6,221		856

Payable to the Shareholder:
Feishang Group^**		(iii)		7,153		7,153		984
Feishang Group^**				78,520		70,164		9,655
				85,673		77,317		10,639

Lease liabilities to related parties
Anka^*				360		376		52
Total				360		376		52

(i)

The payable to Feishang Enterprise by Feishang Management represents the net amount of advances from Feishang Enterprise. The balance is unsecured and interest-free. The balance is repayable when the Group is in a position to settle the amounts due without having a detrimental impact on the financial resources of the Group.

(ii)

The payable to Anka Capital represents the net amount of advances from Anka Capital. The balance is unsecured and interest-free. The balance is repayable when the Group is in a position to settle the amounts due without having a detrimental impact on the financial resources of the Group.

(iii)

The payable to Feishang Group represents the net amount of advances from Feishang Group. The balance is unsecured and interest-free. The balance is repayable when the Group is in a position to settle the amounts due without having a detrimental impact on the financial resources of the Group.

* Anka Capital and Anka are each jointly owned by Wong Wah On Edward and Tam Cheuk Ho, who are officers of the Company.

**Feishang Enterprise and Feishang Group are controlled by Mr. Li Feilie, who is the controlling shareholder of the Company.

F-28

CHINA NATURAL RESOURCES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

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

18. RELATED PARTY BALANCES AND TRANSACTIONS (CONTINUED)

(d)

Compensation of key management personnel of the Group


	Six months ended June 30,
	2023		2024		2024
	CNY		CNY		US$
	(Unaudited)		(Unaudited)		(Unaudited)

Wages, salaries and allowances		575		374		51
Housing subsidies		7		6		1
Contribution to pension plans		28		25		3

Total		610		405		55

The amounts disclosed in the table are the amounts recognized as expenses during the respective period related to key management personnel.

19.

COMMITMENTS

At June 30, 2024 the Company had capital commitments of CNY2,432 (US$335) (December 31, 2023: CNY2,432) associated with mineral exploration for the Zimbabwean lithium mine. The corresponding capital expenditures will be paid along with the progress of the exploration works once the mine formally enters into the exploration phase.

20.

SUBSEQUENT EVENTS

On December 31, 2024, the Company entered into a second amendment agreement to the Zimbabwe SPA to extend the long stop date for closing the acquisition from December 31, 2024 to December 31, 2025.

21.

APPROVAL OF THE INTERIM FINANCIAL STATEMENTS

These interim condensed consolidated financial statements were approved by the Board of Directors on December 31, 2024.

F-29

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

FORWARD-LOOKING STATEMENTS

The following discussion contains statements that constitute forward-looking statements within the meaning of the U.S. federal securities laws. These statements appear in a number of places throughout this report and include, without limitation, statements regarding the intent, belief and current expectations of China Natural Resources, Inc. (the “Company,” and together with its subsidiaries, the “Group”), its directors or its officers with respect to the applicability of US taxes to the Company, the availability of internally generated funds and funds for the payment of operating expenses, the sufficiency of working capital for present operations and over the next twelve months and access to capital, and its intent to locate and execute on strategic opportunities. 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 our actual results to differ from our forward-looking statements are: uncertainties regarding the governmental, economic and political circumstances in the PRC; the impact on the Company’s financial position, growth potential and business of in the sale of PST Technology and Shanghai Onway specifically; uncertainties related to the Company’s ability to identify potential partners or acquisition targets as it considers strategic alternatives in non-natural resources sectors; 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 the political situation between the PRC and the United States, the ability of the Public Company Accounting Oversight Board to inspect auditors located in the PRC and Hong Kong, the implementation by the U.S. Securities and Exchange Commission of more stringent disclosure and/or other requirements for companies located in the PRC, potential negative impacts on companies with operations in the PRC that are listed on exchanges in the United States, and increasing regulation by PRC government agencies of companies located in the PRC but listed elsewhere; and other risks detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission, including without limitation the information set forth in our Annual Reports on Form 20-F under the heading “Risk Factors.” 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.

ADMINISTRATIVE EXPENSES

Administrative expenses for the six months ended June 30, 2024 were CNY4.00 million (US$0.55 million), as compared to expenses of CNY4.88 million for the same period in 2023. The decrease was mainly due to the professional service fees incurred in 2023 in relation to the Company’s potential acquisition of Zimbabwe lithium mines.

OTHER INCOME

Other income for the six months ended June 30, 2024 was nil, as compared to CNY0.50 million for the same period in 2023. The change was mainly caused by other income relating to impairment reversal of other receivables, which were fully impaired and written off in prior years but collected in 2023.

FAIR VALUE (LOSS)/ GAIN ON FINANCIAL INSTRUMENTS, NET.

Fair value gain on financial instruments for the six months ended June 30, 2024 was CNY3.86 million (US$0.53 million), as compared to a loss of CNY0.09 million for the same period in 2023. The amount represented the fluctuation of fair values of the Company’s outstanding warrants.

INCOME TAX EXPENSE

Management believes that the Company is not subject to US taxes.

Under the current laws of the British Virgin Islands (“BVI”), the Company and its subsidiaries incorporated in the BVI are not subject to tax on income or capital gains.

The Hong Kong Profits Tax rate is 16.50%. The Company’s Hong Kong subsidiaries have both Hong Kong–sourced and non-Hong Kong–sourced income. The latter is not subject to Hong Kong Profits Tax and the related expenses are non-tax-deductible. For the Hong Kong–sourced income, no provision for Hong Kong Profits Tax was made as such operations sustained tax losses during the period ended June 30, 2023 and 2024. Furthermore, there are no withholding taxes in Hong Kong on the remittance of dividends.

LOSS FOR THE PERIOD FROM DISCONTINUED OPERATIONS, NET OF TAX

The loss for the period from discontinued operations, net of tax was nil for the period ended June 30, 2024, as compared with CNY4.96 million for the same period in 2023. The loss in 2023 was the result of an expected credit loss assessment of receivables and contract assets, due to the fact that the amount of uncollected and aged receivables and contract assets was relatively higher than the amount in 2022.

LOSS FOR THE PERIOD

As a result of the foregoing, our net loss decreased by CNY9.34 million (US$1.29 million), from CNY9.46 million for the period ended June 30, 2023 to CNY0.12 million (US$0.02 million) for the period ended June 30, 2024.

LIQUIDITY AND CAPITAL RESOURCES

The Company’s primary liquidity needs are to fund operating expenses, capital expenditures and acquisitions. To date, the Company financed its working capital requirements and capital expenditures through internally generated cash from prior years, non-interest-bearing loans from the related parties, funds provided pursuant to the mutual cooperation agreement with Bayannaoer Jijincheng Mining Co., Ltd., and the issuance of shares and warrants in 2024. As the wastewater treatment business was disposed on July 28, 2023, and the Wulatehouqi Moruogu Tong Mine ("Moruogu Tong Mine") is still in the pre-revenue exploration stage, the Company expect our operations to continue to be funded through internally generated cash reserves from prior years, non-interest-bearing loans from related parties, and funds provided pursuant to the Cooperation Agreement. Feishang Group Limited and Feishang Enterprise Group Company Limited, related parties which have provided non-interest-bearing loans, have confirmed they will not recall any amounts due to them until the Group is in a position to settle the amounts due without having a detrimental impact on the financial resources of the Group.

Net cash used in operating activities for the six months ended June 30, 2024 was approximately CNY11.85 million (US$1.63 million), as compared to net cash inflows of CNY3.05 million for the corresponding period in 2023. The decrease of cash inflows from operating activities was mainly caused by the disposal of PSTT, the water treatment business, on July 28, 2023.

Net cash used in investing activities for the six months ended June 30, 2024 was CNY4.00 thousand (US$1 thousand), as compared to CNY1.05 million for the corresponding period in 2023. The cash outflows in 2023 mainly represent expenditures on mine development.

Net cash from financing activities for the six months ended June 30, 2024 was CNY15.84 million (US$2.18 million), as compared to net cash outflows of CNY1.60 million for the corresponding period in 2023. The increase in cash from financing activities was a result of proceeds from the private placement in February 2024.

The following summarizes the Company's financial condition and liquidity at the dates indicated:

	December 31,			June 30,
	2023			2024
		(Audited)			(Unaudited)
Current ratio		0.03	x		0.06	x
Working capital (CNY'000)		(171,934	)		(157,971	)

OFF BALANCE SHEET ARRANGEMENTS

The Company has no off-balance sheet arrangements that have had or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that would be material to investors.

Exhibit 15.1

CHINA NATURAL RESOURCES REPORTS FIRST HALF 2024 RESULTS

HONG KONG, December 31, 2024 – China Natural Resources Inc. (NASDAQ: CHNR) (the “Company”) today announced its results of operations for the six months ended June 30, 2024. 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 = CNY7.2673 as quoted by www.ofx.com on June 30, 2024, except as otherwise disclosed.

Mr. Wong Wah On Edward, Chairman of the Company, commented, “We are prudently investing 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.”

Financial Results for the Six Months Ended June 30, 2024

Other income for the six months ended June 30, 2024 was nil, as compared to CNY0.50 million for the same period in 2023. The decerease was mainly caused by other income relating to impairment reversal of other receivables, which were fully impaired and written off in prior years but collected in 2023.

Loss for the six months ended June 30, 2024 was CNY0.12 million (US$0.02 million) as compared to CNY9.46 million for the six months ended June 30, 2023. The decrease in loss was mainly due to fair value gain on financial instruments – warrants, and the disposal of loss-generating water treatment business in 2023.

The Company had a US$1.21 million balance of cash and cash equivalents at June 30, 2024.

About China Natural Resources:

China Natural Resources, Inc. (NASDAQ: CHNR) is currently a holding company that operates 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 the healthcare and 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 as soon as possible. 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.

CHINA NATURAL RESOURCES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS (UNAUDITED)

FOR THE SIX MONTHS ENDED JUNE 30, 2024 AND 2023

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

	Six Months Ended June 30,
	2023			2024			2024
	CNY			CNY			US$
	(Unaudited)			(Unaudited)			(Unaudited)
CONTINUING OPERATIONS
Administrative expenses		(4,879	)		(3,996	)		(550	)
Other income		500			—			—
Fair value (loss)/gain on financial instruments		(86	)		3,862			531
Finance costs		(44	)		(30	)		(4	)
Finance income		3			42			6

LOSS BEFORE INCOME TAX		(4,506	)		(122	)		(17	)

Income tax expense		—			—			—

LOSS FOR THE PERIOD FROM CONTINUING OPERATIONS		(4,506	)		(122	)		(17	)

DISCONTINUED OPERATIONS
Loss for the period from discontinued operations, net of tax		(4,955	)		—			—

LOSS FOR THE PERIOD		(9,461	)		(122	)		(17	)

ATTRIBUTABLE TO:
Owners of the Company
From continuing operations		(4,506	)		(122	)		(17	)
From discontinued operations		(6,236	)		—			—
Non-controlling interests
From continuing operations		—			—			—
From discontinued operations		1,281			—			—

		(9,461	)		(122	)		(17	)

LOSS PER SHARE ATTRIBUTABLE TO OWNERS OF THE COMPANY:
Basic and diluted
- For loss from continuing operations		(0.55	)		(0.01	)		—
- For loss from discontinued operations		(0.76	)		—			—
- Loss per share		(1.31	)		(0.01	)		—

CHINA NATURAL RESOURCES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

AS OF JUNE 30, 2024 (UNAUDITED) AND DECEMBER 31, 2023

(Amounts in thousands)

	December 31,		June 30,
	2023		2024		2024
	CNY		CNY		US$
	(Audited)		(Unaudited)		(Unaudited)

ASSETS

NON-CURRENT ASSETS
Property, plant and equipment		53		54		7
Right-of-use assets		346		—		—
Other non-current assets		247,530		254,238		34,984

TOTAL NON-CURRENT ASSETS		247,929		254,292		34,991

CURRENT ASSETS
Prepayments		1,107		1,067		147
Other receivables		18		21		3
Cash and cash equivalents		4,753		8,779		1,208

TOTAL CURRENT ASSETS		5,878		9,867		1,358

TOTAL ASSETS		253,807		264,159		36,349

LIABILITIES AND EQUITY

CURRENT LIABILITIES
Trade payables	100		100		14
Other payables and accruals	82,610		79,405		10,926
Derivative financial liabilities	—		4,419		608
Lease liabilities	360		376		52
Due to related companies	9,069		6,221		856
Due to the Shareholder	85,673		77,317		10,639

TOTAL CURRENT LIABILITIES	177,812		167,838		23,095

TOTAL LIABILITIES	177,812		167,838		23,095

EQUITY
Issued capital	450,782		450,782		62,029
Other capital reserves	758,775		770,874		106,074
Accumulated losses	(1,122,851	)	(1,122,973	)	(154,524	)
Other comprehensive losses	(10,711	)	(2,362	)	(325	)

EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY	75,995		96,321		13,254
NON-CONTROLLING INTERESTS	—		—		—

TOTAL EQUITY	75,995		96,321		13,254

TOTAL LIABILITIES AND EQUITY	253,807		264,159		36,349

CHINA NATURAL RESOURCES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (CONTINUED)

AS OF JUNE 30, 2024 (UNAUDITED) AND DECEMBER 31, 2023

(Amounts in thousands)

The condensed consolidated statements of profit or loss of the Company for the six months ended June 30, 2024 and 2023, and the condensed consolidated statements of financial position of the Company as of December 31, 2023 and June 30, 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, 2023 contained in the Company’s Annual Report on Form 20-F as filed with the Commission on April 30, 2024.

Exhibit 99.1

FEISHANG GROUP LIMITED

TOP PACIFIC (CHINA) LIMITED

CHINA NATURAL RESOURCES, INC.

LI FEILIE

AND

YAO YUGUANG

___________________________________________________________

AMENDMENT AGREEMENT II

IN RESPECT OF

AGREEMENT
FOR
THE SALE AND PURCHASE
OF

THE ENTIRE ISSUED SHARE CAPITAL OF
WILLIAMS MINERALS (PVT) LTD

___________________________________________________________

THIS AMENDMENT AGREEMENT II (as defined below) is made on December 31, 2024

BETWEEN:

(1)

FEISHANG GROUP LIMITED, a company incorporated with limited liability in the British Virgin Islands (“BVI”) (number 212881) whose registered office is at Portcullis Chambers, 4^th Floor, Ellen Skelton Building, 3076 Sir Francis Drake Highway, Road Town, Tortola, British Virgin Islands VG1110 (the “First Seller”);

(2)

Top Pacific (China) Limited, a company incorporated with limited liability in Hong Kong (number 1958760) whose registered office is at Room 2204, West Tower, Shun Tak Centre, 168-200 Connaught Road Central, Sheung Wan, Hong Kong (the “Second Seller”, together with the First Seller, the “Sellers” and each a “Seller”);

(3)

CHINA NATURAL RESOURCES, INC., a company incorporated with limited liability in the BVI (number 102930) whose registered office is at Sea Meadow House, Blackborne Highway, PO Box 116, Road Town, Tortola, British Virgin Islands, the shares of which are listed on NASDAQ (NASDAQ: CHNR) (the “Buyer”);

(4)

LI FEILIE, the holder of PRC Passport numbered ED9899946 whose address is at 18A, Hua Xu Ge, One Honey Lake, Xiangmei Road, Futian District, Shenzhen, Guangdong Province, the PRC (“Mr. Li FL”); and

(5)

YAO YUGUANG, the holder of PRC Passport numbered E77518273 whose address is at Room 2313, Block A, Union Aquare, Futian District, Shenzhen, Guangdong Province, the PRC (“Mr. Yao YG”, together with Mr. Li FL, the “Beneficial Owners” and each a “Beneficial Owner”).

BACKGROUND

(A)

The First Seller, the Second Seller, the Buyer, Mr. Li FL and Mr. Yao YG have entered into the agreement dated 27 February 2023 for the sale and purchase of the entire issued share capital of Williams Minerals (PVT) Ltd (the “Agreement”), which was subsequently amended by an Amendment Agreement dated 22 December 2023 (the “Amendment Agreement”).

(B)

The parties to the Agreement, as amended by the Amendment Agreement, wish to further amend the Agreement by entering into this Amendment Agreement II (the “Amendment Agreement II”) and as expressly stated herein.

(C)

Defined terms and expressions in this Amendment Agreement II shall, unless the context indicates otherwise, bear the same meanings as used in the Agreement.

THE PARTIES AGREE as follows:

AMENDMENT

The reference to “31 December 2024” in the defined expression “Long Stop Date” in clause 1.1 of the Agreement, as amended by the Amendment Agreement, is hereby deleted and replaced with “31 December 2025”. As a result of the above amendment, the defined expression “Long Stop Date” shall mean “31 December 2025 or any other date as agreed by the parties in writing”.

EFFECT OF THIS AMENDMENT AGREEMENT II AND THE AGREEMENT

2.1

This Amendment Agreement II constitutes the entire agreement and supersedes any previous agreement(s), representation, statement, assurance, covenant, undertaking, indemnity, guarantee or commitment (whether contractual or otherwise) between the parties relating to the subject matter of this Amendment Agreement II.

2.2

Save as the amendment(s) expressly set out in Clause 1 above, no other provision or part of the Agreement, as amended, is altered or varied in any other way. The Agreement, as amended by the Amendment Agreement and further amended by this Amendment Agreement II, continues to be in full force and effect.

COUNTERPARTS

This Amendment Agreement II may be executed in any number of counterparts, each of which when executed and delivered is an original and all of which together evidence the same agreement.

APPLICATION OF RELEVANT PROVISIONS OF THE AGREEMENT

Clauses 10 (General), 13 (Notice), 14 (Governing law and jurisdiction) and 15 (Governing language) and other provisions in the Agreement to the extent applicable shall apply to this Amendment Agreement II as though the same were set out herein mutatis mutandis.

[The rest of this page is deliberately left blank.]

EXECUTED by the parties on the date hereinabove stated:

Signed by LI FEILIE	)
its director or lawful attorney for and on behalf of	) /s/ LI Feilie
FEISHANG GROUP LIMITED	)
	)

Witness: ZHENG Xinyi

Execution page to Amendment Agreement II

Signed by	)
its director or lawful attorney for and on behalf of	) /s/ YAO Yuguang
TOP PACIFIC (CHINA) LIMITED	)
	)

Witness:

Execution page to Amendment Agreement II

Signed by	)
its director or lawful attorney for and on behalf of	)) /s/ WONG Wah On Edward
CHINA NATURAL RESOURCES, INC.	)
	)

Execution page to Amendment Agreement II

Signed by LI FEILIE	)
	) /s/ LI Feilie
	)
	)

Witness: ZHENG Xinyi

Execution page to Amendment Agreement II

Signed by YAO YUGUANG	)
	) /s/ YAO Yuguang
	)
	)

Witness:

Execution page to Amendment Agreement II

Cover	6 Months Ended
Cover	Jun. 30, 2024
Cover [Abstract]
Document Type	6-K
Amendment Flag	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Entity File Number	0-26046
Entity Registrant Name	China Natural Resources, Inc.
Entity Central Index Key	0000793628
Entity Address, Address Line One	Room 2205
Entity Address, Address Line Two	22/F
Entity Address, Address Line Three	West Tower
Entity Address, City or Town	Sheung Wan
Entity Address, Country	HK
Entity Address, Address Line Four	Shun Tak Centre
Entity Address, Address Line Five	168-200 Connaught Road Central

CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS (UNAUDITED) ¥ in Thousands, $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($) $ / shares	Jun. 30, 2024 CNY (¥) ¥ / shares	Jun. 30, 2023 CNY (¥) ¥ / shares
CONTINUING OPERATIONS
Administrative expenses	$ (550)	¥ (3,996)	¥ (4,879)
Other income			500
Fair value (loss)/gain on financial instruments	531	3,862	(86)
Finance costs	(4)	(30)	(44)
Finance income	6	42	3
LOSS BEFORE INCOME TAX	(17)	(122)	(4,506)
Income tax expense
LOSS FOR THE PERIOD FROM CONTINUING OPERATIONS	(17)	(122)	(4,506)
DISCONTINUED OPERATIONS
Loss for the period from discontinued operations, net of tax			(4,955)
LOSS FOR THE PERIOD	(17)	(122)	(9,461)
Owners of the Company
From continuing operations	(17)	(122)	(4,506)
From discontinued operations			(6,236)
Non-controlling interests
From continuing operations
From discontinued operations			1,281
LOSS FOR THE PERIOD	$ (17)	¥ (122)	¥ (9,461)
Basic and diluted
Basic loss from continuing operations \| (per share)		¥ (0.01)	¥ (0.55)
Diluted loss from continuing operations \| (per share)		(0.01)	(0.55)
Basic loss from discontinued operations \| (per share)			(0.76)
Diluted loss from discontinued operations \| (per share)			(0.76)
Basic Loss per share \| (per share)		(0.01)	(1.31)
Diluted Loss per share \| (per share)		¥ (0.01)	¥ (1.31)

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) ¥ in Thousands, $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2024 CNY (¥)	Jun. 30, 2023 CNY (¥)
Profit or loss [abstract]
LOSS FOR THE PERIOD	$ (17)	¥ (122)	¥ (9,461)
Other comprehensive (loss)/income that will be reclassified to profit or loss in subsequent periods:
Foreign currency translation adjustments of the subsidiaries	549	3,991	(5,129)
Other comprehensive income that will not be reclassified to profit or loss in subsequent periods:
Foreign currency translation adjustments of the Company	600	4,358	4,747
Total other comprehensive (loss)/ income for the period, net of tax	1,149	8,349	(382)
TOTAL COMPREHENSIVE LOSS FOR THE YEAR	1,132	8,227	(9,843)
Owners of the Company
From continuing operations	1,132	8,227	(4,888)
From discontinued operations			(6,236)
Non-controlling interests
From continuing operations
From discontinued operations			1,281
TOTAL COMPREHENSIVE LOSS FOR THE YEAR	$ 1,132	¥ 8,227	¥ (9,843)

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED) ¥ in Thousands, $ in Thousands	Jun. 30, 2024 USD ($)	Jun. 30, 2024 CNY (¥)	Dec. 31, 2023 CNY (¥)
NON-CURRENT ASSETS
Property, plant and equipment	$ 7	¥ 54	¥ 53
Right-of-use assets			346
Other non-current assets	34,984	254,238	247,530
TOTAL NON-CURRENT ASSETS	34,991	254,292	247,929
CURRENT ASSETS
Prepayments	147	1,067	1,107
Other receivables	3	21	18
Cash and cash equivalents	1,208	8,779	4,753
TOTAL CURRENT ASSETS	1,358	9,867	5,878
TOTAL ASSETS	36,349	264,159	253,807
CURRENT LIABILITIES
Trade payables	14	100	100
Other payables and accruals	10,926	79,405	82,610
Derivative financial liabilities	608	4,419
Lease liabilities	52	376	360
Due to related companies	856	6,221	9,069
Due to the Shareholder	10,639	77,317	85,673
TOTAL CURRENT LIABILITIES	23,095	167,838	177,812
TOTAL LIABILITIES	23,095	167,838	177,812
EQUITY
Issued capital	62,029	450,782	450,782
Other capital reserves	106,074	770,874	758,775
Accumulated losses	(154,524)	(1,122,973)	(1,122,851)
Other comprehensive losses	(325)	(2,362)	(10,711)
EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY	13,254	96,321	75,995
NON-CONTROLLING INTERESTS
TOTAL EQUITY	13,254	96,321	75,995
TOTAL LIABILITIES AND EQUITY	$ 36,349	¥ 264,159	¥ 253,807

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) ¥ in Thousands, $ in Thousands	Issued capital [member] USD ($)	Issued capital [member] CNY (¥)	Other Capital Reserves [Member] USD ($)	Other Capital Reserves [Member] CNY (¥)	Retained earnings [member] USD ($)	Retained earnings [member] CNY (¥)	Other Comprehensive Income Loss [Member] USD ($)	Other Comprehensive Income Loss [Member] CNY (¥)	Total [Member] USD ($)	Total [Member] CNY (¥)	Non-controlling interests [member] CNY (¥)	USD ($)	CNY (¥)
Beginning balance, value at Dec. 31, 2022		¥ 450,782		¥ 735,319		¥ (1,109,010)		¥ (9,322)		¥ 67,769	¥ 109,680		¥ 177,449
IfrsStatementLineItems [Line Items]
Loss for the period						(10,742)				(10,742)	1,281		(9,461)
Foreign currency translation adjustments								(382)		(382)			(382)
Total comprehensive (loss)/income						(10,742)		(382)		(11,124)	1,281		(9,843)
Balance as of June 30, 2024 (US$) at Jun. 30, 2023		450,782		735,319		(1,119,752)		(9,704)		56,645	110,961		167,606
Beginning balance, value at Dec. 31, 2023		450,782		758,775		(1,122,851)		(10,711)		75,995			75,995
IfrsStatementLineItems [Line Items]
Loss for the period						(122)				(122)		$ (17)	(122)
Foreign currency translation adjustments								8,349		8,349			8,349
Total comprehensive (loss)/income						(122)		8,349		8,227			8,227
Issue of shares				11,511						11,511			11,511
Share-based payments (Note 17)				588						588			588
Balance as of June 30, 2024 (US$) at Jun. 30, 2024	$ 62,029	¥ 450,782	$ 106,074	¥ 770,874	$ (154,524)	¥ (1,122,973)	$ (325)	¥ (2,362)	$ 13,254	¥ 96,321		$ 13,254	¥ 96,321

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) ¥ in Thousands, $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2024 CNY (¥)	Jun. 30, 2023 CNY (¥)
Statement of cash flows [abstract]
OPERATING ACTIVITIES	$ (1,630)	¥ (11,846)	¥ 3,047
INVESTING ACTIVITIES
Purchase of property, plant and equipment	(1)	(4)	(6)
Expenditures on mine development			(1,042)
Net cash flows used in investing activities	(1)	(4)	(1,048)
FINANCING ACTIVITIES
Proceeds from issuance of shares	2,811	20,429
Repayments of bank loans			(1,500)
Advances from related companies	8	60	2,440
Repayments to the Shareholder	(640)	(4,653)
Payment of principal portion of lease liabilities			(583)
Payment of interest expenses of lease liabilities			(81)
Interest paid			(1,878)
Net cash flows used in financing activities	2,179	15,836	(1,602)
NET INCREASE IN CASH AND CASH EQUIVALENTS	548	3,986	397
NET FOREIGN EXCHANGE DIFFERENCE	6	40	117
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	654	4,753	31,695
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 1,208	¥ 8,779	¥ 32,209

ORGANIZATION AND PRINCIPAL ACTIVITIES

6 Months Ended

Jun. 30, 2024

Organization And Principal Activities

ORGANIZATION AND PRINCIPAL ACTIVITIES

ORGANIZATION AND PRINCIPAL ACTIVITIES

BASIS OF PRESENTATION

6 Months Ended

Jun. 30, 2024

Notes and other explanatory information [abstract]

BASIS OF PRESENTATION

2.1

BASIS OF PRESENTATION

The Group has prepared the financial statements on the basis that it will continue to operate as a going concern.

CHANGES IN ACCOUNTING POLICIES AND DISCLOSURES

6 Months Ended

Jun. 30, 2024

Changes In Accounting Policies And Disclosures

CHANGES IN ACCOUNTING POLICIES AND DISCLOSURES

2.2

CHANGES IN ACCOUNTING POLICIES AND DISCLOSURES

Amendments to IFRS 16	Lease Liability in a Sale and Leaseback
Amendments to IAS 1	Classification of Liabilities as Current or Non-current (the “2020 Amendments”)
Amendments to IAS 1	Non-current Liabilities with Covenants (the “2022 Amendments”)
Amendments to IAS 7 and IFRS 7	Supplier Finance Arrangements

The nature and impact of the revised IFRSs that are applicable to the Group are described below:

(a)

(b)

(c)

DISCONTINUED OPERATIONS

6 Months Ended

Jun. 30, 2024

Discontinued Operations

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS

The Disposal of PSTT was accounted for as an equity transaction of entities under common control.

The results of PSTT for the period ended June 30, 2023 are presented below.

Schedule of disposal pstt
	Six Months Ended June 30, 2023
		CNY
		(Unaudited)

Revenue		12,216
Cost of sales		(5,376	)
GROSS PROFIT		6,840

Selling and distribution expenses		(420	)
Administrative expenses		(5,139	)
Other income		142
Impairment losses on financial assets		(10,763	)
Finance costs		(1,886	)
Finance income		8,098

LOSS BEFORE INCOME TAX		(3,128	)

Income tax expense		(1,827	)

LOSS FOR THE PERIOD FROM THE DISCONTINUED OPERATIONS		(4,955	)

ATTRIBUTABLE TO:
Owners of the Company		(6,236	)
Non-controlling interests		1,281

The net cash flows incurred by PSTT are as follows:


	Six Months Ended June 30, 2023
		CNY

Operating activities		5,702
Investing activities		(6	)
Financing activities		(3,378	)
Net foreign exchange difference		52
Net increase in cash and cash equivalents		2,370

Loss per share
– Basic, from the discontinued operations	(0.76	)
– Diluted, from the discontinued operations	(0.76	)

The calculations of basic and diluted earnings per share from discontinued operations are based on:

	Six Months Ended June 30, 2023
		CNY

Loss for the period attributable to owners of the Company from discontinued operations		(6,236	)
Weighted average number of ordinary shares in issue during the period used in the basic and diluted earnings per share calculation (Note 7)		8,197,897

SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2024

Segment Information

SEGMENT INFORMATION

SEGMENT INFORMATION

For the six months ended June 30, 2023, the segment results were as follows:

Schedule of segment results
	Exploration and mining			Corporate activities			Total
		CNY			CNY			CNY

Other items
Depreciation of property, plant and equipment		(2	)		(1	)		(3	)
Depreciation of right of use assets		—			(354	)		(354	)
Other income		500			—			500
Fair value loss on financial instruments		—			(86	)		(86	)
Finance costs		(1	)		(43	)		(44	)
Finance income		—			3			3
Loss for the period from continuing operations		(73	)		(4,433	)		(4,506	)

For the six months ended June 30, 2024, the segment results were as follows:

	Exploration and mining			Corporate activities			Total
		CNY			CNY			CNY

Other items
Depreciation of property, plant and equipment		(2	)		—			(2	)
Depreciation of right of use assets		—			(356	)		(356	)
Fair value gain on financial instruments		—			3,862			3,862
Finance costs		(1	)		(29	)		(30	)
Finance income		2			40			42
Loss for the period from continuing operations		(548	)		426			(122	)

	Exploration and mining			Corporate activities			Total
		US$			US$			US$

Other items
Depreciation of property, plant and equipment		—			—			—
Depreciation of right of use assets		—			(49	)		(49	)
Fair value loss on financial instruments		—			531			531
Finance costs		—			(4	)		(4	)
Finance income		—			6			6
Loss for the period from continuing operations		(75	)		58			(17	)

The reconciliation of segment assets to total assets is as follows:

	December 31,		June 30,
	2023		2024		2024
	CNY		CNY		US$

Segment assets:
Exploration and mining		252,133		258,295		35,542
Corporate activities		1,674		5,864		807
Total assets		253,807		264,159		36,349

The reconciliation of segment liabilities to total liabilities is as follows:

	December 31,		June 30,
	2023		2024		2024
	CNY		CNY		US$

Segment liabilities:
Exploration and mining		159,285		154,240		21,224
Corporate activities		18,527		13,598		1,871
Total liabilities		177,812		167,838		23,095

The reconciliation from loss for the period from continuing operations to net loss is as follows:

Schedule of reconciliation from loss
	June 30,
	2023			2024			2024
	CNY			CNY			US$

Loss for the period from continuing operations		(4,506	)		(122	)		(17	)
Loss for the period from discontinued operations		(4,955	)		—			—
Net loss (including non-controlling interests)		(9,461	)		(122	)		(17	)

LOSS BEFORE INCOME TAX

6 Months Ended

Jun. 30, 2024

Loss Before Income Tax

LOSS BEFORE INCOME TAX

LOSS BEFORE INCOME TAX

The Group’s loss before tax from continuing operations is arrived at after (crediting)/charging:


	Six months ended June 30,
	2023			2024			2024
	CNY			CNY			US$
	(Unaudited)			(Unaudited)			(Unaudited)

Crediting:
Finance income		(3	)		(42	)		(6	)
Other income		(500	)		—			—

Depreciation:
- Property, plant and equipment		3			2			—
- Right-of-use assets		354			356			49
Expense relating to short-term leases		97			97			13
Fair value loss/(gain) on financial instruments:
- Derivative financial liabilities		86			(3,862	)		(531	)
Finance costs		44			30			4

The Group’s loss before tax from discontinuing operations is arrived at after (crediting)/charging:


	Six months ended June 30,
	2023			2024		2024
	CNY			CNY		US$
	(Unaudited)			(Unaudited)		(Unaudited)

Crediting:
Finance income (Note 3)		(8,098	)		—		—
Other income		(142	)		—		—

Charging:
Cost of sales:
- Construction service		2,423			—		—
- Operation and maintenance services		256			—		—
- Operation services related to service concession arrangement		2,697			—		—
Total		5,376			—		—


Depreciation:
- Property, plant and equipment		103			—		—
- Right-of-use assets		359			—		—
Amortization of intangible assets		395			—		—
Expense relating to short-term leases		112			—		—
Impairment losses on financial assets:
- Trade receivables		388			—		—
- Contract assets		3,546			—		—
- Other receivables		6,829			—		—
Finance costs (Note 3)		1,886			—		—

INCOME TAX EXPENSE

6 Months Ended

Jun. 30, 2024

Notes and other explanatory information [abstract]

INCOME TAX EXPENSE

INCOME TAX EXPENSE

China

The current and deferred components of income tax expense are as follows:


	Six months ended June 30,
	2023		2024		2024
	CNY		CNY		US$
	(Unaudited)		(Unaudited)		(Unaudited)

Current income tax expense		—		—		—
Deferred income tax benefit		—		—		—
Total tax credit for the period from continuing operations		—		—		—
Total tax charge for the period from a discontinued operation		1,827		—		—

Total		1,827		—		—

LOSS PER SHARE

6 Months Ended

Jun. 30, 2024

Notes and other explanatory information [abstract]

LOSS PER SHARE

LOSS PER SHARE

Basic and diluted net loss per share for the six months ended June 30, 2023 and 2024 are as follows:


	Six months ended June 30,
	2023			2024			2024
	CNY			CNY			US$
	(Unaudited)			(Unaudited)			(Unaudited)

Loss for the period attributable to owners of the Company
From continuing operations		(4,506	)		(122	)		(17	)
From discontinued operations		(6,236	)		—			—

Weighted average number of ordinary shares for basic and diluted loss per share*		8,197,897			9,398,397			9,398,397

Loss per share:
Basic and diluted*
For loss from continuing operations		(0.55	)		(0.01	)		—
For loss from discontinued operations		(0.76	)		—			—
Loss per share		(1.31	)		(0.01	)		—

PROPERTY, PLANT AND EQUIPMENT

6 Months Ended

Jun. 30, 2024

Notes and other explanatory information [abstract]

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

During the six months ended 30 June 2024, the Group acquired assets at a cost of CNY4 (US$1) (six months ended 30 June 2023: CNY6).

None of assets were disposed by the Group during the six months ended 30 June 2024 and 30 June 2023.

No impairment loss was recognized for the six months ended 30 June 2024 and 2023.

OTHER NON-CURRENT ASSETS

6 Months Ended

Jun. 30, 2024

Notes and other explanatory information [abstract]

OTHER NON-CURRENT ASSETS

OTHER NON-CURRENT ASSETS

Schedule of other non-current assets
	December 31,		June 30,
	2023		2024		2024
	CNY		CNY		US$
	(Audited)		(Unaudited)		(Unaudited)

Zimbabwe lithium deposits (i)		247,420		254,054		34,959
Others		110		184		25

Total		247,530		254,238		34,984

(i) Please refer to Note 18 (b) for more details.

PREPAYMENTS

6 Months Ended

Jun. 30, 2024

Disclosure Prepayments Abstract

PREPAYMENTS

10.

PREPAYMENTS

Schedule of prepayments
	December 31,		June 30,
	2023		2024		2024
	CNY		CNY		US$
	(Audited)		(Unaudited)		(Unaudited)

Prepayment to suppliers		1,093		1,043		144
Deferred expenses		14		24		3

Total		1,107		1,067		147

OTHER RECEIVABLES

6 Months Ended

Jun. 30, 2024

Notes and other explanatory information [abstract]

OTHER RECEIVABLES

11.

OTHER RECEIVABLES

Schedule of other receivables
	December 31,		June 30,
	2023		2024		2024
	CNY		CNY		US$
	(Audited)		(Unaudited)		(Unaudited)

Financial assets:
Deposits		3		3		—
Financials asset		3		3		—

Staff advance		12		12		2
Others		3		6		1
Total amount		15		18		3

Total		18		21		3

CASH AND CASH EQUIVALENTS

6 Months Ended

Jun. 30, 2024

Notes and other explanatory information [abstract]

CASH AND CASH EQUIVALENTS

12.

CASH AND CASH EQUIVALENTS

Cash and cash equivalents are set out below as of December 31, 2023 and June 30, 2024:

Schedule of cash and cash equivalents
	December 31,		June 30,
	2023		2024		2024
	CNY		CNY		US$
	(Audited)		(Unaudited)		(Unaudited)

Cash and cash equivalents
- Cash on hand		2		1		1
- Cash at bank		4,751		8,778		1,207

Total		4,753		8,779		1,208

The carrying amounts of the Group’s cash and cash equivalents are denominated in the following currencies:


	December 31,		June 30,
	2023		2024		2024
	CNY		CNY		US$
	(Audited)		(Unaudited)		(Unaudited)

CNY		3,673		1,781		245
US$		762		6,609		909
HK$		318		389		54

Total		4,753		8,779		1,208

Cash at banks earns interest at floating rates based on daily bank deposit rates. The bank balances and time deposits are deposited with creditworthy banks with no recent history of default.

OTHER PAYABLES AND ACCRUALS

6 Months Ended

Jun. 30, 2024

Notes and other explanatory information [abstract]

OTHER PAYABLES AND ACCRUALS

13.

OTHER PAYABLES AND ACCRUALS

Schedule of other payables and accruals
	December 31,		June 30,
	2023		2024		2024
	CNY		CNY		US$
	(Audited)		(Unaudited)		(Unaudited)

Financial liabilities
Accrued expenses		7,748		2,575		354
Deposits from customers		116		102		14
Other payables (financial liabilities)		7,864		2,677		368

Taxes other than income tax payable (a)		2		—		—
Accrued payroll		156		177		24
Transaction deposit of mining right acquisition (Note18 (b))		74,322		76,217		10,488
Others		266		334		46
Others payables (non-financial liabilities)		74,746		76,728		10,558

Total		82,610		79,405		10,926

(a)

Taxes other than income taxes payable mainly comprise accruals for output value-added tax, city construction tax and education surcharge.

FINANCIAL INSTRUMENTS

6 Months Ended

Jun. 30, 2024

Notes and other explanatory information [abstract]

FINANCIAL INSTRUMENTS

14.

FINANCIAL INSTRUMENTS

(a)

Financial assets

Set out below is an overview of financial assets, other than cash and short-term deposits, held by the Group as of December 31, 2023 and June 30, 2024:

Schedule of financial assets
	December 31,		June 30,
	2023		2024		2024
	CNY		CNY		US$
	(Audited)		(Unaudited)		(Unaudited)

Debt instruments at amortized cost:
Financial assets included in other Receivables		3		3		—

Total		3		3		—

Total Current		3		3		—
Total Non-current		—		—		—

(b)

Financial liabilities

Set out below, is an overview of financial liabilities of the Group as of December 31, 2023 and June 30, 2024:

Schedule of financial liabilities
	December 31,		June 30
	2023		2024		2024
	CNY		CNY		US$
	(Audited)		(Unaudited)		(Unaudited)

Derivatives not designated as hedging instruments:
Derivative financial liabilities (Note 16)		—		4,419		608
Financial liabilities at amortized cost:
Trade payables		100		100		14
Financial liabilities in other payables and accruals		7,864		2,677		368
Lease liabilities		360		376		52
Due to related companies		9,069		6,221		856
Due to the Shareholder		85,673		77,317		10,639

Total		103,066		91,110		12,537

Total current		103,066		91,110		12,537
Total non-current		—		—		—

(c)

Fair value

The following table provides the fair value measurement hierarchy of the Group's financial liabilities as at June 30, 2024:

Quoted prices

in active markets

(Level 1)

(Unaudited)

Significant

observable

inputs(Level 2)

(Unaudited)

Significant

unobservable

inputs(Level 3)

(Unaudited)

Total

CNY

Financial liabilities

Derivative financial liabilities

—

4,419

—

4,419

Quoted prices

in active markets

(Level 1)

(Unaudited)

Significant

observable

inputs(Level 2)

(Unaudited)

Significant

unobservable

inputs(Level 3)

(Unaudited)

Total

US$

Financial liabilities

Derivative financial liabilities

—

608

—

608

There are no financial assets measured at fair value as of December 31, 2023 and June 30,2024.

FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

6 Months Ended

Jun. 30, 2024

Notes and other explanatory information [abstract]

FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

15.

FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

(a)

Credit risk

Management has a credit policy in place and the exposures to credit risk are monitored on an ongoing basis. Debts are usually due within 30 to 90 days from the date of billing.

- significant financial difficulty of the debtor

- a breach of contract such as a default or past due event; or

- it is probable that the debtor will enter bankruptcy or other financial reorganization.

Stage 1 – When other receivables are first recognized, the Group recognized an allowance based on 12 months’ ECLs.

Stage 2 – When other receivables have shown a significant increase in credit risk since origination, the Group records an allowance for the lifetime ECLs.

Stage 3 – Other receivables are considered credit-impaired. The Group records an allowance for the lifetime ECLs.

Cash and cash equivalents

(b)

Foreign currency risk

There is no significant exposure to foreign currency risk as of December 31, 2023 and June 30, 2024 for the Company.

(c)

Interest rate risk

(d)

Business and economic risk

(e)

Liquidity risk

The table below summarizes the maturity profile of the Group’s financial liabilities and lease liabilities based on contractual undiscounted payments:


December 31, 2023 (Audited)	On demand		Less than 1 year		1 to 5 years		More than 5 years		Total
		CNY		CNY		CNY		CNY		CNY

Trade payables		100		—		—		—		100
Financial liabilities in other payables and accruals		—		7,864		—		—		7,864
Due to related companies		—		9,069		—		—		9,069
Due to the Shareholder		—		85,673		—		—		85,673
Lease liabilities		—		366		—		—		366

Total		100		102,972		—		—		103,072


June 30, 2024 (Unaudited)	On demand		Less than 1 year		1 to 5 years		More than 5 years		Total
		CNY		CNY		CNY		CNY		CNY

Derivative financial liabilities		4,419		—		—		—		4,419
Trade payables		100		—		—		—		100
Financial liabilities in other payables and accruals		—		2,677		—		—		2,677
Due to related companies		—		6,221		—		—		6,221
Due to the Shareholder		—		77,317		—		—		77,317
Lease liabilities		376		—		—		—		376

Total		4,895		86,215		—		—		91,110


June 30, 2024 (Unaudited)	On demand		Less than 1 year		1 to 5 years		More than 5 years		Total
		US$		US$		US$		US$		US$

Derivative financial liabilities		608		—		—		—		608
Trade payables		14		—		—		—		14
Financial liabilities in other payables and accruals		—		368		—		—		368
Due to related companies		—		856		—		—		856
Due to the Shareholder		—		10,639		—		—		10,639
Lease liabilities		52		—		—		—		52

Total		674		11,863		—		—		12,537

(f)

Capital management

EQUITY

6 Months Ended

Jun. 30, 2024

Equity

EQUITY

16.

EQUITY

(a)

Issued capital

December 31,

June 30,

2023

2024

CNY

US$

(Audited)

(Unaudited)

Preferred shares authorized: June 30, 2024: 10,000,000, (December 31, 2023: 10,000,000) preferred shares, no par value

Preferred shares issued and fully issued paid: June 30, 2024: Nil, (December 31, 2023: Nil) preferred shares, no par value

—

Common shares authorized: June 30, 2024: 200,000,000, (December 31, 2023: 200,000,000) common shares, no par value

Common shares issued and fully paid:

June 30, 2024: 9,865,767*, (December 31, 2023: 8,377,897) common shares, no par value

450,782

62,029


	Number of shares			Share capital
				CNY		US$

As of January 1, 2023		40,948,082			450,782		62,029

Effect of Five-to-One Share Combination		(32,750,185	)		—		—

Equity-settled share-based payments		180,000			—		—

As of December 31, 2023 and January 1, 2024		8,377,897			450,782		62,029

Common shares issued through private placement*		1,487,870			—		—

As of June 30, 2024		9,865,767			450,782		62,029

(b)

Other capital reserve

SHARE-BASED PAYMENTS

6 Months Ended

Jun. 30, 2024

SHARE-BASED PAYMENTS

17.

SHARE-BASED PAYMENTS

The issuance of warrants to the placement agent

RELATED PARTY BALANCES AND TRANSACTIONS

6 Months Ended

Jun. 30, 2024

Notes and other explanatory information [abstract]

RELATED PARTY BALANCES AND TRANSACTIONS

18.

RELATED PARTY BALANCES AND TRANSACTIONS

In addition to the transactions detailed elsewhere in the consolidated financial statements, the Group had the following transactions with related parties during the period:

(a) Commercial transactions with related companies


			Six months ended June 30,
			2023		2024		2024
			CNY		CNY		US$
	Notes		(Unaudited)		(Unaudited)		(Unaudited)

CHNR's share of office rental, rates and others to Anka Consultants Limited (“Anka”) ^*		(i)		218		234		32
Feishang Management's share of office rental to Feishang Enterprise^**		(ii)		84		84		12
Shenzhen New Precise Space-Time Technology Co., Limited (“Shenzhen New PST”)’s share of office rental to Feishang Enterprise^**				45		—		—

(i)

(ii)

(b)

Other transactions with related parties

(c)

Balances with related companies


			December 31,		June 30,
			2023		2024		2024
			CNY		CNY		US$
	Notes		(Audited)		(Unaudited)		(Unaudited)

Current:
Payable to related companies:
Feishang Enterprise^**		(i)		6,078		6,221		856
Anka Capital Limited (“Anka Capital”)*		(ii)		2,991		—		—
				9,069		6,221		856

Payable to the Shareholder:
Feishang Group^**		(iii)		7,153		7,153		984
Feishang Group^**				78,520		70,164		9,655
				85,673		77,317		10,639

Lease liabilities to related parties
Anka^*				360		376		52
Total				360		376		52

(i)

(ii)

(iii)

* Anka Capital and Anka are each jointly owned by Wong Wah On Edward and Tam Cheuk Ho, who are officers of the Company.

**Feishang Enterprise and Feishang Group are controlled by Mr. Li Feilie, who is the controlling shareholder of the Company.

(d)

Compensation of key management personnel of the Group


	Six months ended June 30,
	2023		2024		2024
	CNY		CNY		US$
	(Unaudited)		(Unaudited)		(Unaudited)

Wages, salaries and allowances		575		374		51
Housing subsidies		7		6		1
Contribution to pension plans		28		25		3

Total		610		405		55

The amounts disclosed in the table are the amounts recognized as expenses during the respective period related to key management personnel.

COMMITMENTS

6 Months Ended

Jun. 30, 2024

Notes and other explanatory information [abstract]

COMMITMENTS

19.

COMMITMENTS

SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2024

Notes and other explanatory information [abstract]

SUBSEQUENT EVENTS

20.

SUBSEQUENT EVENTS

On December 31, 2024, the Company entered into a second amendment agreement to the Zimbabwe SPA to extend the long stop date for closing the acquisition from December 31, 2024 to December 31, 2025.

APPROVAL OF THE INTERIM FINANCIAL STATEMENTS

6 Months Ended

Jun. 30, 2024

Approval Of Interim Financial Statements

APPROVAL OF THE INTERIM FINANCIAL STATEMENTS

21.

APPROVAL OF THE INTERIM FINANCIAL STATEMENTS

These interim condensed consolidated financial statements were approved by the Board of Directors on December 31, 2024.

DISCONTINUED OPERATIONS (Tables)

6 Months Ended

Jun. 30, 2024

Discontinued Operations

Schedule of disposal pstt

Schedule of disposal pstt
	Six Months Ended June 30, 2023
		CNY
		(Unaudited)

Revenue		12,216
Cost of sales		(5,376	)
GROSS PROFIT		6,840

Selling and distribution expenses		(420	)
Administrative expenses		(5,139	)
Other income		142
Impairment losses on financial assets		(10,763	)
Finance costs		(1,886	)
Finance income		8,098

LOSS BEFORE INCOME TAX		(3,128	)

Income tax expense		(1,827	)

LOSS FOR THE PERIOD FROM THE DISCONTINUED OPERATIONS		(4,955	)

ATTRIBUTABLE TO:
Owners of the Company		(6,236	)
Non-controlling interests		1,281

Schedule of discontinued operations cash flow


	Six Months Ended June 30, 2023
		CNY

Operating activities		5,702
Investing activities		(6	)
Financing activities		(3,378	)
Net foreign exchange difference		52
Net increase in cash and cash equivalents		2,370

Loss per share
– Basic, from the discontinued operations	(0.76	)
– Diluted, from the discontinued operations	(0.76	)

The calculations of basic and diluted earnings per share from discontinued operations are based on:

	Six Months Ended June 30, 2023
		CNY

Loss for the period attributable to owners of the Company from discontinued operations		(6,236	)
Weighted average number of ordinary shares in issue during the period used in the basic and diluted earnings per share calculation (Note 7)		8,197,897

SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2024

Segment Information

Schedule of segment results

Schedule of segment results
	Exploration and mining			Corporate activities			Total
		CNY			CNY			CNY

Other items
Depreciation of property, plant and equipment		(2	)		(1	)		(3	)
Depreciation of right of use assets		—			(354	)		(354	)
Other income		500			—			500
Fair value loss on financial instruments		—			(86	)		(86	)
Finance costs		(1	)		(43	)		(44	)
Finance income		—			3			3
Loss for the period from continuing operations		(73	)		(4,433	)		(4,506	)

For the six months ended June 30, 2024, the segment results were as follows:

	Exploration and mining			Corporate activities			Total
		CNY			CNY			CNY

Other items
Depreciation of property, plant and equipment		(2	)		—			(2	)
Depreciation of right of use assets		—			(356	)		(356	)
Fair value gain on financial instruments		—			3,862			3,862
Finance costs		(1	)		(29	)		(30	)
Finance income		2			40			42
Loss for the period from continuing operations		(548	)		426			(122	)

	Exploration and mining			Corporate activities			Total
		US$			US$			US$

Other items
Depreciation of property, plant and equipment		—			—			—
Depreciation of right of use assets		—			(49	)		(49	)
Fair value loss on financial instruments		—			531			531
Finance costs		—			(4	)		(4	)
Finance income		—			6			6
Loss for the period from continuing operations		(75	)		58			(17	)

The reconciliation of segment assets to total assets is as follows:

	December 31,		June 30,
	2023		2024		2024
	CNY		CNY		US$

Segment assets:
Exploration and mining		252,133		258,295		35,542
Corporate activities		1,674		5,864		807
Total assets		253,807		264,159		36,349

The reconciliation of segment liabilities to total liabilities is as follows:

	December 31,		June 30,
	2023		2024		2024
	CNY		CNY		US$

Segment liabilities:
Exploration and mining		159,285		154,240		21,224
Corporate activities		18,527		13,598		1,871
Total liabilities		177,812		167,838		23,095

Schedule of reconciliation from loss

Schedule of reconciliation from loss
	June 30,
	2023			2024			2024
	CNY			CNY			US$

Loss for the period from continuing operations		(4,506	)		(122	)		(17	)
Loss for the period from discontinued operations		(4,955	)		—			—
Net loss (including non-controlling interests)		(9,461	)		(122	)		(17	)

LOSS BEFORE INCOME TAX (Tables)

6 Months Ended

Jun. 30, 2024

Loss Before Income Tax

Schedule of loss before tax from continuing operations is arrived at after (crediting)/charging


	Six months ended June 30,
	2023			2024			2024
	CNY			CNY			US$
	(Unaudited)			(Unaudited)			(Unaudited)

Crediting:
Finance income		(3	)		(42	)		(6	)
Other income		(500	)		—			—

Depreciation:
- Property, plant and equipment		3			2			—
- Right-of-use assets		354			356			49
Expense relating to short-term leases		97			97			13
Fair value loss/(gain) on financial instruments:
- Derivative financial liabilities		86			(3,862	)		(531	)
Finance costs		44			30			4

The Group’s loss before tax from discontinuing operations is arrived at after (crediting)/charging:


	Six months ended June 30,
	2023			2024		2024
	CNY			CNY		US$
	(Unaudited)			(Unaudited)		(Unaudited)

Crediting:
Finance income (Note 3)		(8,098	)		—		—
Other income		(142	)		—		—

Charging:
Cost of sales:
- Construction service		2,423			—		—
- Operation and maintenance services		256			—		—
- Operation services related to service concession arrangement		2,697			—		—
Total		5,376			—		—


Depreciation:
- Property, plant and equipment		103			—		—
- Right-of-use assets		359			—		—
Amortization of intangible assets		395			—		—
Expense relating to short-term leases		112			—		—
Impairment losses on financial assets:
- Trade receivables		388			—		—
- Contract assets		3,546			—		—
- Other receivables		6,829			—		—
Finance costs (Note 3)		1,886			—		—

INCOME TAX EXPENSE (Tables)

6 Months Ended

Jun. 30, 2024

Notes and other explanatory information [abstract]

Schedule of current and deferred components of income tax expense


	Six months ended June 30,
	2023		2024		2024
	CNY		CNY		US$
	(Unaudited)		(Unaudited)		(Unaudited)

Current income tax expense		—		—		—
Deferred income tax benefit		—		—		—
Total tax credit for the period from continuing operations		—		—		—
Total tax charge for the period from a discontinued operation		1,827		—		—

Total		1,827		—		—

LOSS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2024

Notes and other explanatory information [abstract]

Schedule of basic and diluted net loss per share


	Six months ended June 30,
	2023			2024			2024
	CNY			CNY			US$
	(Unaudited)			(Unaudited)			(Unaudited)

Loss for the period attributable to owners of the Company
From continuing operations		(4,506	)		(122	)		(17	)
From discontinued operations		(6,236	)		—			—

Weighted average number of ordinary shares for basic and diluted loss per share*		8,197,897			9,398,397			9,398,397

Loss per share:
Basic and diluted*
For loss from continuing operations		(0.55	)		(0.01	)		—
For loss from discontinued operations		(0.76	)		—			—
Loss per share		(1.31	)		(0.01	)		—

OTHER NON-CURRENT ASSETS (Tables)

6 Months Ended

Jun. 30, 2024

Notes and other explanatory information [abstract]

Schedule of other non-current assets

Schedule of other non-current assets
	December 31,		June 30,
	2023		2024		2024
	CNY		CNY		US$
	(Audited)		(Unaudited)		(Unaudited)

Zimbabwe lithium deposits (i)		247,420		254,054		34,959
Others		110		184		25

Total		247,530		254,238		34,984

PREPAYMENTS (Tables)

6 Months Ended

Jun. 30, 2024

Disclosure Prepayments Abstract

Schedule of prepayments

Schedule of prepayments
	December 31,		June 30,
	2023		2024		2024
	CNY		CNY		US$
	(Audited)		(Unaudited)		(Unaudited)

Prepayment to suppliers		1,093		1,043		144
Deferred expenses		14		24		3

Total		1,107		1,067		147

OTHER RECEIVABLES (Tables)

6 Months Ended

Jun. 30, 2024

Notes and other explanatory information [abstract]

Schedule of other receivables

Schedule of other receivables
	December 31,		June 30,
	2023		2024		2024
	CNY		CNY		US$
	(Audited)		(Unaudited)		(Unaudited)

Financial assets:
Deposits		3		3		—
Financials asset		3		3		—

Staff advance		12		12		2
Others		3		6		1
Total amount		15		18		3

Total		18		21		3

CASH AND CASH EQUIVALENTS (Tables)

6 Months Ended

Jun. 30, 2024

Notes and other explanatory information [abstract]

Schedule of cash and cash equivalents

Schedule of cash and cash equivalents
	December 31,		June 30,
	2023		2024		2024
	CNY		CNY		US$
	(Audited)		(Unaudited)		(Unaudited)

Cash and cash equivalents
- Cash on hand		2		1		1
- Cash at bank		4,751		8,778		1,207

Total		4,753		8,779		1,208

Schedule of cash and cash equivalents denominated in different currencies


	December 31,		June 30,
	2023		2024		2024
	CNY		CNY		US$
	(Audited)		(Unaudited)		(Unaudited)

CNY		3,673		1,781		245
US$		762		6,609		909
HK$		318		389		54

Total		4,753		8,779		1,208

OTHER PAYABLES AND ACCRUALS (Tables)

6 Months Ended

Jun. 30, 2024

Notes and other explanatory information [abstract]

Schedule of other payables and accruals

Schedule of other payables and accruals
	December 31,		June 30,
	2023		2024		2024
	CNY		CNY		US$
	(Audited)		(Unaudited)		(Unaudited)

Financial liabilities
Accrued expenses		7,748		2,575		354
Deposits from customers		116		102		14
Other payables (financial liabilities)		7,864		2,677		368

Taxes other than income tax payable (a)		2		—		—
Accrued payroll		156		177		24
Transaction deposit of mining right acquisition (Note18 (b))		74,322		76,217		10,488
Others		266		334		46
Others payables (non-financial liabilities)		74,746		76,728		10,558

Total		82,610		79,405		10,926

(a)

Taxes other than income taxes payable mainly comprise accruals for output value-added tax, city construction tax and education surcharge.

FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2024

Notes and other explanatory information [abstract]

Schedule of financial assets

Schedule of financial assets
	December 31,		June 30,
	2023		2024		2024
	CNY		CNY		US$
	(Audited)		(Unaudited)		(Unaudited)

Debt instruments at amortized cost:
Financial assets included in other Receivables		3		3		—

Total		3		3		—

Total Current		3		3		—
Total Non-current		—		—		—

Schedule of financial liabilities

Schedule of financial liabilities
	December 31,		June 30
	2023		2024		2024
	CNY		CNY		US$
	(Audited)		(Unaudited)		(Unaudited)

Derivatives not designated as hedging instruments:
Derivative financial liabilities (Note 16)		—		4,419		608
Financial liabilities at amortized cost:
Trade payables		100		100		14
Financial liabilities in other payables and accruals		7,864		2,677		368
Lease liabilities		360		376		52
Due to related companies		9,069		6,221		856
Due to the Shareholder		85,673		77,317		10,639

Total		103,066		91,110		12,537

Total current		103,066		91,110		12,537
Total non-current		—		—		—

Schedule of the fair value measurement hierarchy of the Group’s financial assets and financial liabilities

Quoted prices

in active markets

(Level 1)

(Unaudited)

Significant

observable

inputs(Level 2)

(Unaudited)

Significant

unobservable

inputs(Level 3)

(Unaudited)

Total

CNY

Financial liabilities

Derivative financial liabilities

—

4,419

—

4,419

Quoted prices

in active markets

(Level 1)

(Unaudited)

Significant

observable

inputs(Level 2)

(Unaudited)

Significant

unobservable

inputs(Level 3)

(Unaudited)

Total

US$

Financial liabilities

Derivative financial liabilities

—

608

—

608

FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (Tables)

6 Months Ended

Jun. 30, 2024

Notes and other explanatory information [abstract]

Summary the maturity profile of financial liabilities and lease liabilities


December 31, 2023 (Audited)	On demand		Less than 1 year		1 to 5 years		More than 5 years		Total
		CNY		CNY		CNY		CNY		CNY

Trade payables		100		—		—		—		100
Financial liabilities in other payables and accruals		—		7,864		—		—		7,864
Due to related companies		—		9,069		—		—		9,069
Due to the Shareholder		—		85,673		—		—		85,673
Lease liabilities		—		366		—		—		366

Total		100		102,972		—		—		103,072


June 30, 2024 (Unaudited)	On demand		Less than 1 year		1 to 5 years		More than 5 years		Total
		CNY		CNY		CNY		CNY		CNY

Derivative financial liabilities		4,419		—		—		—		4,419
Trade payables		100		—		—		—		100
Financial liabilities in other payables and accruals		—		2,677		—		—		2,677
Due to related companies		—		6,221		—		—		6,221
Due to the Shareholder		—		77,317		—		—		77,317
Lease liabilities		376		—		—		—		376

Total		4,895		86,215		—		—		91,110


June 30, 2024 (Unaudited)	On demand		Less than 1 year		1 to 5 years		More than 5 years		Total
		US$		US$		US$		US$		US$

Derivative financial liabilities		608		—		—		—		608
Trade payables		14		—		—		—		14
Financial liabilities in other payables and accruals		—		368		—		—		368
Due to related companies		—		856		—		—		856
Due to the Shareholder		—		10,639		—		—		10,639
Lease liabilities		52		—		—		—		52

Total		674		11,863		—		—		12,537

EQUITY (Tables)

6 Months Ended

Jun. 30, 2024

Equity

Schedule of issued capital

December 31,

June 30,

2023

2024

CNY

US$

(Audited)

(Unaudited)

Preferred shares authorized: June 30, 2024: 10,000,000, (December 31, 2023: 10,000,000) preferred shares, no par value

Preferred shares issued and fully issued paid: June 30, 2024: Nil, (December 31, 2023: Nil) preferred shares, no par value

—

Common shares authorized: June 30, 2024: 200,000,000, (December 31, 2023: 200,000,000) common shares, no par value

Common shares issued and fully paid:

June 30, 2024: 9,865,767*, (December 31, 2023: 8,377,897) common shares, no par value

450,782

62,029

Schedule of issued capital shares combination


	Number of shares			Share capital
				CNY		US$

As of January 1, 2023		40,948,082			450,782		62,029

Effect of Five-to-One Share Combination		(32,750,185	)		—		—

Equity-settled share-based payments		180,000			—		—

As of December 31, 2023 and January 1, 2024		8,377,897			450,782		62,029

Common shares issued through private placement*		1,487,870			—		—

As of June 30, 2024		9,865,767			450,782		62,029

RELATED PARTY BALANCES AND TRANSACTIONS (Tables)

6 Months Ended

Jun. 30, 2024

Notes and other explanatory information [abstract]

Schedule of commercial transactions with related companies


			Six months ended June 30,
			2023		2024		2024
			CNY		CNY		US$
	Notes		(Unaudited)		(Unaudited)		(Unaudited)

CHNR's share of office rental, rates and others to Anka Consultants Limited (“Anka”) ^*		(i)		218		234		32
Feishang Management's share of office rental to Feishang Enterprise^**		(ii)		84		84		12
Shenzhen New Precise Space-Time Technology Co., Limited (“Shenzhen New PST”)’s share of office rental to Feishang Enterprise^**				45		—		—

(i)

(ii)

Schedule of balances with related companies


			December 31,		June 30,
			2023		2024		2024
			CNY		CNY		US$
	Notes		(Audited)		(Unaudited)		(Unaudited)

Current:
Payable to related companies:
Feishang Enterprise^**		(i)		6,078		6,221		856
Anka Capital Limited (“Anka Capital”)*		(ii)		2,991		—		—
				9,069		6,221		856

Payable to the Shareholder:
Feishang Group^**		(iii)		7,153		7,153		984
Feishang Group^**				78,520		70,164		9,655
				85,673		77,317		10,639

Lease liabilities to related parties
Anka^*				360		376		52
Total				360		376		52

(i)

(ii)

(iii)

* Anka Capital and Anka are each jointly owned by Wong Wah On Edward and Tam Cheuk Ho, who are officers of the Company.

**Feishang Enterprise and Feishang Group are controlled by Mr. Li Feilie, who is the controlling shareholder of the Company.

Schedule of compensation of key management personnel of the group


	Six months ended June 30,
	2023		2024		2024
	CNY		CNY		US$
	(Unaudited)		(Unaudited)		(Unaudited)

Wages, salaries and allowances		575		374		51
Housing subsidies		7		6		1
Contribution to pension plans		28		25		3

Total		610		405		55

BASIS OF PRESENTATION (Details Narrative) - 6 months ended Jun. 30, 2024 ¥ in Thousands, $ in Thousands	USD ($)	CNY (¥)
Notes and other explanatory information [abstract]
Current liabilities	$ 21,737	¥ 157,971
Translated exchange description	US$1.00 = CNY7.2673

DISCONTINUED OPERATIONS (Details) ¥ in Thousands, $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2024 CNY (¥)	Jun. 30, 2023 CNY (¥)
IfrsStatementLineItems [Line Items]
Administrative expenses	$ (550)	¥ (3,996)	¥ (4,879)
Other income			500
Finance costs	(4)	(30)	(44)
Finance income	6	42	3
LOSS BEFORE INCOME TAX	(17)	(122)	(4,506)
Income tax expense			1,827
PSTT [Member]
IfrsStatementLineItems [Line Items]
Revenue			12,216
Cost of sales			(5,376)
GROSS PROFIT			6,840
Selling and distribution expenses			(420)
Administrative expenses			(5,139)
Other income			142
Impairment losses on financial assets			(10,763)
Finance costs			(1,886)
Finance income			8,098
LOSS BEFORE INCOME TAX			(3,128)
Income tax expense			(1,827)
LOSS FOR THE PERIOD FROM THE DISCONTINUED OPERATIONS			(4,955)
ATTRIBUTABLE TO:
Owners of the Company			(6,236)
Non-controlling interests			¥ 1,281

DISCONTINUED OPERATIONS (Details 1) ¥ / shares in Units, ¥ in Thousands, shares in Thousands, $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($) $ / shares	Jun. 30, 2024 CNY (¥) ¥ / shares	Jun. 30, 2023 CNY (¥) ¥ / shares shares
IfrsStatementLineItems [Line Items]
Operating activities	$ (1,630)	¥ (11,846)	¥ 3,047
Investing activities	(1)	(4)	(1,048)
Financing activities	2,179	15,836	(1,602)
Net foreign exchange difference	6	40	117
Net increase in cash and cash equivalents	$ 548	¥ 3,986	¥ 397
Loss per share
– Basic, from the discontinued operations \| (per share)			¥ (0.76)
– Diluted, from the discontinued operations \| (per share)			¥ (0.76)
PSTT [Member]
IfrsStatementLineItems [Line Items]
Operating activities			¥ 5,702
Investing activities			(6)
Financing activities			(3,378)
Net foreign exchange difference			52
Net increase in cash and cash equivalents			¥ 2,370
Loss per share
– Basic, from the discontinued operations \| ¥ / shares			¥ (0.76)
– Diluted, from the discontinued operations \| ¥ / shares			¥ (0.76)
Loss for the period attributable to owners of the Company from discontinued operations			¥ (6,236)
Weighted average number of ordinary shares in issue during the period used in the basic and diluted earnings per share calculation (Note 7) \| shares			8,197,897

SEGMENT INFORMATION (Details) ¥ in Thousands, $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2024 CNY (¥)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2024 CNY (¥)	Dec. 31, 2023 CNY (¥)
IfrsStatementLineItems [Line Items]
Depreciation of property, plant and equipment		¥ (2)	¥ (3)
Depreciation of right of use assets	(49)	(356)	(354)
Other income			500
Fair value loss on financial instruments, net	531	3,862	(86)
Finance costs	(4)	(30)	(44)
Finance income	6	42	3
Loss for the period from continuing operations	(17)	(122)	(4,506)
Total assets	36,349			¥ 264,159	¥ 253,807
Total liabilities	23,095			167,838	177,812
Exploration and Mining [Member]
IfrsStatementLineItems [Line Items]
Depreciation of property, plant and equipment		(2)	(2)
Depreciation of right of use assets
Other income			500
Fair value loss on financial instruments, net
Finance costs		(1)	(1)
Finance income		2
Loss for the period from continuing operations	(75)	(548)	(73)
Total assets	35,542			258,295	252,133
Total liabilities	21,224			154,240	159,285
Corporate Activity [Member]
IfrsStatementLineItems [Line Items]
Depreciation of property, plant and equipment			(1)
Depreciation of right of use assets	(49)	(356)	(354)
Other income
Fair value loss on financial instruments, net	531	3,862	(86)
Finance costs	(4)	(29)	(43)
Finance income	6	40	3
Loss for the period from continuing operations	58	¥ 426	¥ (4,433)
Total assets	807			5,864	1,674
Total liabilities	$ 1,871			¥ 13,598	¥ 18,527

SEGMENT INFORMATION (Details 1) ¥ in Thousands, $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2024 CNY (¥)	Jun. 30, 2023 CNY (¥)
Segment Information
Loss for the year from continuing operations	$ (17)	¥ (122)	¥ (4,506)
Loss for the year from discontinued operations			(4,955)
Net loss (including non-controlling interests)	$ (17)	¥ (122)	¥ (9,461)

LOSS BEFORE INCOME TAX (Details) ¥ in Thousands, $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2024 CNY (¥)	Jun. 30, 2023 CNY (¥)
Depreciation:
Finance costs	$ 4	¥ 30	¥ 44
Continuing Operation [Member]
Crediting:
Finance income	(6)	(42)	(3)
Other income			(500)
Depreciation:
- Property, plant and equipment		2	3
- Right-of-use assets	49	356	354
Expense relating to short-term leases	13	97	97
- Derivative financial liabilities	(531)	(3,862)	86
Finance costs	4	30	44
Discontinued operations [member]
Crediting:
Finance income			(8,098)
Other income			(142)
Depreciation:
- Property, plant and equipment			103
- Right-of-use assets			359
Expense relating to short-term leases			112
Finance costs			1,886
Cost of sales:
- Construction service			2,423
- Opeartion and maintenance services			256
- Operation services related to service concession arrangement			2,697
Total			5,376
Amortization of intangible assets			395
Impairment losses on financial assets:
- Trade receivables			388
- Contract assets			3,546
- Other receivables			¥ 6,829

INCOME TAX EXPENSE (Details) ¥ in Thousands	6 Months Ended
INCOME TAX EXPENSE (Details) ¥ in Thousands	Jun. 30, 2024 USD ($)	Jun. 30, 2024 CNY (¥)	Jun. 30, 2023 CNY (¥)
Notes and other explanatory information [abstract]
Current income tax expense
Deferred income tax expense/ (benefit)
Total tax credit for the year from continuing operations
Total tax charge for the year from a discontinued operation			1,827
Total			¥ 1,827

LOSS PER SHARE (Details) ¥ / shares in Units, ¥ in Thousands, $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($) $ / shares shares	Jun. 30, 2024 CNY (¥) ¥ / shares shares	Jun. 30, 2023 CNY (¥) ¥ / shares shares
Loss for the period attributable to owners of the Company
From continuing operations	$ (17)	¥ (122)	¥ (4,506)
From discontinued operations			¥ (6,236)
Weighted average number of ordinary shares for basic earning per share	9,398,397	9,398,397	8,197,897
Loss per share:
For loss from continuing operations - Basic \| (per share)		¥ (0.01)	¥ (0.55)
For loss from continuing operations - Diluted \| (per share)		(0.01)	(0.55)
For loss from discontinued operations - Basic \| (per share)			(0.76)
For loss from discontinued operations - Diluted \| (per share)			(0.76)
Loss per share - Basic \| (per share)		(0.01)	(1.31)
Loss per share - Diluted \| (per share)		¥ (0.01)	¥ (1.31)

OTHER NON-CURRENT ASSETS (Details) ¥ in Thousands, $ in Thousands	Jun. 30, 2024 USD ($)	Jun. 30, 2024 CNY (¥)	Dec. 31, 2023 CNY (¥)
Notes and other explanatory information [abstract]
Zimbabwe lithium deposits	$ 34,959	¥ 254,054	¥ 247,420
Others	25	184	110
Total	$ 34,984	¥ 254,238	¥ 247,530

PROPERTY, PLANT AND EQUIPMENT (Details Narrative) ¥ in Thousands, $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2024 CNY (¥)	Jun. 30, 2023 CNY (¥)
Notes and other explanatory information [abstract]
Assets acquired	$ 1	¥ 4	¥ 6
Assets disposed		0	0
Impairment loss		¥ 0	¥ 0

PREPAYMENTS (Details) ¥ in Thousands, $ in Thousands	Jun. 30, 2024 USD ($)	Jun. 30, 2024 CNY (¥)	Dec. 31, 2023 CNY (¥)
Disclosure Prepayments Abstract
Prepayment to suppliers	$ 144	¥ 1,043	¥ 1,093
Deferred expenses	3	24	14
Total	$ 147	¥ 1,067	¥ 1,107

OTHER RECEIVABLES (Details) ¥ in Thousands, $ in Thousands	Jun. 30, 2024 USD ($)	Jun. 30, 2024 CNY (¥)	Dec. 31, 2023 CNY (¥)
Financial assets:
Deposits		¥ 3	¥ 3
Financials asset		3	3
Staff advance	2	12	12
Others	1	6	3
Total amount	3	18	15
Total	$ 3	¥ 21	¥ 18

CASH AND CASH EQUIVALENTS (Details) ¥ in Thousands, $ in Thousands	Jun. 30, 2024 USD ($)	Jun. 30, 2024 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2023 CNY (¥)	Jun. 30, 2023 CNY (¥)	Dec. 31, 2022 CNY (¥)
Cash and cash equivalents
- Cash on hand	$ 1	¥ 1		¥ 2
- Cash at bank	1,207	8,778		4,751
Total Cash and cash equivalent	$ 1,208	¥ 8,779	$ 654	¥ 4,753	¥ 32,209	¥ 31,695

CASH AND CASH EQUIVALENTS (Details 1) ¥ in Thousands, $ in Thousands	Jun. 30, 2024 USD ($)	Jun. 30, 2024 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2023 CNY (¥)	Jun. 30, 2023 CNY (¥)	Dec. 31, 2022 CNY (¥)
IfrsStatementLineItems [Line Items]
Cash and cash equivalents	$ 1,208	¥ 8,779	$ 654	¥ 4,753	¥ 32,209	¥ 31,695
RMB [Member]
IfrsStatementLineItems [Line Items]
Cash and cash equivalents	245	1,781		3,673
US [Member]
IfrsStatementLineItems [Line Items]
Cash and cash equivalents	909	6,609		762
HK [Member]
IfrsStatementLineItems [Line Items]
Cash and cash equivalents	$ 54	¥ 389		¥ 318

OTHER PAYABLES AND ACCRUALS (Details)
¥ in Thousands, $ in Thousands

Jun. 30, 2024

USD ($)

Jun. 30, 2024

CNY (¥)

Dec. 31, 2023

CNY (¥)

Financial liabilities

Accrued expenses

$ 354

¥ 2,575

¥ 7,748

Deposits from customers

102

116

Other payables (financial liabilities)

368

2,677

7,864

Taxes other than income tax payable

^[1]

Accrued payroll

177

156

Transaction deposit of mining right acquisition

10,488

76,217

74,322

Others

334

266

Others payables (non-financial liabilities)

10,558

76,728

74,746

Total

$ 10,926

¥ 79,405

¥ 82,610

[1]	Taxes other than income taxes payable mainly comprise accruals for output value-added tax, city construction tax and education surcharge.

FINANCIAL INSTRUMENTS (Details) - Financial assets, class [member] ¥ in Thousands	Jun. 30, 2024 CNY (¥)	Dec. 31, 2023 CNY (¥)
Debt instruments at amortized cost:
Financial assets included in other receivables	¥ 3	¥ 3
Total	3	3
Total Current	3	3
Total Non-current

FINANCIAL INSTRUMENTS (Details 1) ¥ in Thousands, $ in Thousands	Jun. 30, 2024 USD ($)	Jun. 30, 2024 CNY (¥)	Dec. 31, 2023 CNY (¥)
IfrsStatementLineItems [Line Items]
Derivative financial liabilities	$ 608	¥ 4,419
Due to the Shareholder	10,639	77,317	85,673
Financial liabilities at amortised cost, class [member]
IfrsStatementLineItems [Line Items]
Derivative financial liabilities	608	4,419
Trade payables	14	100	100
Financial liabilities in other payables and accruals	368	2,677	7,864
Lease liabilities	52	376	360
Due to related companies	856	6,221	9,069
Due to the Shareholder	10,639	77,317	85,673
Total	12,537	91,110	103,066
Total current	12,537	91,110	103,066
Total non-current

FINANCIAL INSTRUMENTS (Details 2) ¥ in Thousands, $ in Thousands	Jun. 30, 2024 USD ($)	Jun. 30, 2024 CNY (¥)
IfrsStatementLineItems [Line Items]
Derivative financial liabilities	$ 608	¥ 4,419
Level 1 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Derivative financial liabilities
Level 2 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Derivative financial liabilities	608	4,419
Level 3 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Derivative financial liabilities

FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (Details) ¥ in Thousands, $ in Thousands	Jun. 30, 2024 USD ($)	Jun. 30, 2024 CNY (¥)	Dec. 31, 2023 CNY (¥)
IfrsStatementLineItems [Line Items]
Due to related companies	$ 856	¥ 6,221	¥ 9,069
Due to the Shareholder	10,639	77,317	85,673
Total [Member]
IfrsStatementLineItems [Line Items]
Trade payables	14	100	100
Financial liabilities in other payables and accruals	368	2,677	7,864
Due to related companies	856	6,221	9,069
Due to the Shareholder	10,639	77,317	85,673
Lease liabilities	52	376	366
Total	12,537	91,110	103,072
Current derivative financial liabilities	608	4,419
On demand [member]
IfrsStatementLineItems [Line Items]
Trade payables	14	100	100
Financial liabilities in other payables and accruals
Due to related companies
Due to the Shareholder
Lease liabilities	52	376
Total	674	4,895	100
Current derivative financial liabilities	608	4,419
Not later than one year [member]
IfrsStatementLineItems [Line Items]
Trade payables
Financial liabilities in other payables and accruals	368	2,677	7,864
Due to related companies	856	6,221	9,069
Due to the Shareholder	10,639	77,317	85,673
Lease liabilities			366
Total	11,863	86,215	102,972
Current derivative financial liabilities
Later than one year and not later than five years [member]
IfrsStatementLineItems [Line Items]
Trade payables
Financial liabilities in other payables and accruals
Due to related companies
Due to the Shareholder
Lease liabilities
Total
Current derivative financial liabilities
More Than Five Years [Member]
IfrsStatementLineItems [Line Items]
Trade payables
Financial liabilities in other payables and accruals
Due to related companies
Due to the Shareholder
Lease liabilities
Total
Current derivative financial liabilities

FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (Details Narrative)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Notes and other explanatory information [abstract]
Debt to capital ratio	0.39%	0.47%

EQUITY (Details) ¥ in Thousands, $ in Thousands	Jun. 30, 2024 USD ($)	Jun. 30, 2024 CNY (¥)	Dec. 31, 2023 CNY (¥)
Equity
Preferred shares issued and fully issued paid: June 30, 2024: Nil, (December 31, 2023: Nil) preferred shares, no par value
Common shares issued and fully paid:
June 30, 2024: 9,865,767*, (December 31, 2023: 8,377,897) common shares, no par value	$ 62,029	¥ 450,782	¥ 450,782

EQUITY (Details 1) ¥ in Thousands, shares in Thousands, $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2024 USD ($) shares	Jun. 30, 2024 CNY (¥) shares	Dec. 31, 2023 USD ($) shares	Dec. 31, 2023 CNY (¥) shares
Equity
Number of shares, Beginning balance	8,377,897	8,377,897	40,948,082	40,948,082
Issued capital, Beginning	$ 62,029	¥ 450,782	$ 62,029	¥ 450,782
Effect of Five-to-One Share Combination			(32,750,185)	(32,750,185)
Equity-settled share-based payments			180,000	180,000
Common shares issued through private placement	1,487,870	1,487,870
Number of shares, Ending balance	9,865,767	9,865,767	8,377,897	8,377,897
Issued capital, Ending	$ 62,029	¥ 450,782	$ 62,029	¥ 450,782

EQUITY (Details Narrative) ¥ / shares in Units, $ / shares in Units, ¥ in Thousands, $ in Thousands	1 Months Ended
	Feb. 16, 2024 USD ($) $ / shares shares	Feb. 16, 2024 CNY (¥) ¥ / shares shares	Jun. 30, 2024 USD ($)	Jun. 30, 2024 CNY (¥)	Feb. 16, 2024 CNY (¥) shares	Dec. 31, 2023 CNY (¥)
IfrsStatementLineItems [Line Items]
Derivative financial liabilities			$ 608	¥ 4,419
Securities Purchase Agreement [Member]
IfrsStatementLineItems [Line Items]
Derivative financial liabilities			$ 531	¥ 3,862
Fees and offering expenses	$ 730	¥ 5,250
Amount allocated to issuance of shares	$ 475	¥ 3,414
Securities Purchase Agreement [Member] \| Institutional Investors [Member] \| Registered Offering [Member]
IfrsStatementLineItems [Line Items]
Number of shares issued	1,487,870				1,487,870
Share purchase price \| $ / shares	$ 2.20
Warrants initially exercisable	1,115,903	1,115,903
Exercise price, share options granted \| ¥ / shares		¥ 3.00
Securities Purchase Agreement [Member] \| Investors [Member]
IfrsStatementLineItems [Line Items]
Derivative financial liabilities	$ 1,145				¥ 8,229
Share capital	$ 2,129				¥ 15,305

SHARE-BASED PAYMENTS (Details Narrative) - 6 months ended Jun. 30, 2024 - Registered Offering [Member] ¥ / shares in Units, ¥ in Thousands, $ in Thousands	USD ($)	CNY (¥)	CNY (¥) ¥ / shares
IfrsStatementLineItems [Line Items]
Exercisable At Price			¥ 2.20
Capital reserves	$ 82		¥ 588
Fair values at the date of issuance	53	¥ 383
Share capital and administrative expenses	$ 29	¥ 205

RELATED PARTY BALANCES AND TRANSACTIONS (Details)
¥ in Thousands, $ in Thousands

6 Months Ended

Jun. 30, 2024

USD ($)

Jun. 30, 2024

CNY (¥)

Jun. 30, 2023

CNY (¥)

Notes and other explanatory information [abstract]

CHNR's share of office rental, rates and others to Anka Consultants Limited

^[1]

$ 32

¥ 234

¥ 218

Feishang Management's share of office rental to Feishang Enterprise

^[2]

Shenzhen New Precise Space-Time Technology Co., Limited ('Shenzhen New PST')'s share of office rental to Feishang Enterprise

¥ 45

[1]	The Company signed a contract with Anka to lease 184 square meters of office premises for two years, from July 1, 2022 to June 30, 2024. The agreement also provides that the Company shares certain costs and expenses in connection with its use of the office, in addition to some of the accounting and secretarial services and day-to-day office administration services provided by Anka.
[2]	On January 1, 2018, Feishang Management signed an office-sharing agreement with Feishang Enterprise. Pursuant to the agreement, Feishang Management shares 40 square meters of office premises for 33 months. Feishang Management signed a new contract with Feishang Enterprise in October 2023, which will expire on September 30, 2024.

RELATED PARTY BALANCES AND TRANSACTIONS (Details 1)
¥ in Thousands, $ in Thousands

Jun. 30, 2024

USD ($)

Jun. 30, 2024

CNY (¥)

Dec. 31, 2023

CNY (¥)

IfrsStatementLineItems [Line Items]

Payable to related companies

$ 856

¥ 6,221

¥ 9,069

Payable to the Shareholder

10,639

77,317

85,673

Lease liabilities to related parties

376

360

Feishang Enterprise [Member]

IfrsStatementLineItems [Line Items]

Payable to related companies

^[1]

856

6,221

6,078

Anka Capital Limited [Member]

IfrsStatementLineItems [Line Items]

Payable to related companies

^[2]

2,991

Lease liabilities to related parties

376

360

Feishang Group [Member]

IfrsStatementLineItems [Line Items]

Payable to the Shareholder

^[3]

984

7,153

Feishang Group One [Member]

IfrsStatementLineItems [Line Items]

Payable to the Shareholder

$ 9,655

¥ 70,164

¥ 78,520

[1]	The payable to Feishang Enterprise by Feishang Management represents the net amount of advances from Feishang Enterprise. The balance is unsecured and interest-free. The balance is repayable when the Group is in a position to settle the amounts due without having a detrimental impact on the financial resources of the Group.
[2]	The payable to Anka Capital represents the net amount of advances from Anka Capital. The balance is unsecured and interest-free. The balance is repayable when the Group is in a position to settle the amounts due without having a detrimental impact on the financial resources of the Group.
[3]	The payable to Feishang Group represents the net amount of advances from Feishang Group. The balance is unsecured and interest-free. The balance is repayable when the Group is in a position to settle the amounts due without having a detrimental impact on the financial resources of the Group.

RELATED PARTY BALANCES AND TRANSACTIONS (Details 2) ¥ in Thousands, $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2024 CNY (¥)	Jun. 30, 2023 CNY (¥)
Notes and other explanatory information [abstract]
Wages, salaries and allowances	$ 51	¥ 374	¥ 575
Housing subsidies	1	6	7
Contribution to pension plans	3	25	28
Total Compensation of key management personnel	$ 55	¥ 405	¥ 610

RELATED PARTY BALANCES AND TRANSACTIONS (Details Narrative) ¥ in Thousands, $ in Thousands	Jun. 30, 2024 USD ($)	Jun. 30, 2024 CNY (¥)	Dec. 31, 2023 CNY (¥)	Apr. 14, 2023 USD ($)
IfrsStatementLineItems [Line Items]
Non current assets	$ 34,991	¥ 254,292	¥ 247,929
Sale and purchase agreement [Member]
IfrsStatementLineItems [Line Items]
Liabilities due to share holders	24,500
Other payables	10,500
Non current assets	$ 35,000
Feishang Group [Member] \| Sale and purchase agreement [Member]
IfrsStatementLineItems [Line Items]
Promissory note issued				$ 24,500
Top Pacific [Member] \| Sale and purchase agreement [Member]
IfrsStatementLineItems [Line Items]
Promissory note issued				$ 10,500