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Financial statements

CHINA NATURAL RESOURCES INC financial statements

Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data CHINA NATURAL RESOURCES INC files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2021FY2022FY2023FY2024
Revenue2.952.94
Cost of revenue2.912.1
Gross profit0.040.84
Selling, general and administrative0.150.1
Selling and marketing0.02
General and administrative0.01
Interest expense-0.69-0.010
Interest income2.672.2600.01
Pre-tax income-8.31-2.38-1.18-0.43
Income tax0.340.850.27
Income from continuing operations-3.23-1.18-0.43
Net income to minority interests-1.070.34
Net income-7.58-3.57-1.76-0.43
EPS, basic-0.24-0.04
EPS, diluted-0.44-0.24-0.04

Balance sheet

FY2021FY2022FY2023FY2024
Cash and equivalents8.464.480.670.42
Receivables8.038.3
Inventory0.160.11
Total current assets3328.60.830.6
Property, plant and equipment0.11
Lease right-of-use assets0.370.430.05
Intangible assets0.11
Total assets52.546.435.935.7
Accounts payable3.322.950.010.04
Total current liabilities11.69.3725.12.37
Lease liabilities0.190.23
Total liabilities23.820.725.123.7
Retained earnings-171-161-159-154
Shareholders' equity28.625.710.712.1
Minority interests16.915.9
Total equity28.625.710.712.1
Total liabilities and equity52.546.435.935.7

Cash flow statement

FY2021FY2022FY2023FY2024
Net income-8.65-3.23-1.76-0.43
Depreciation and amortization-0.08-0.04-0.1-0
Cash from operations-1.9-1.851.88-1.03
Capital expenditures-0-0-0-0
Cash from investing8.41.02-0.15
Dividends paid-0
Cash from financing-6.1-3.31-5.362.07
Exchange rate effect-0.120.28-0.18-1.29
Free cash flow-1.9-1.861.88-1.03
Interest paid0.58

Key metrics

Worked out from the statements above. Latest values use fiscal 2024. Valuation uses the share price of $3.92 on September 28, 2026.

Profitability

MetricValueHow it is calculated
Return on equity (ROE)-3.8%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-1.2%Net income / average total assets.

Growth

MetricValueHow it is calculated
Operating cash flow growth, 1y-154.4%Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y-154.5%Free cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y12.4%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y-25.0%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y-0.3%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-12.0%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.25xCurrent assets / current liabilities.
Quick ratio0.18x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.18x(Cash + short-term investments) / current liabilities.
Liabilities / assets66.2%Total liabilities / total assets.
Working capital-$1.8MCurrent assets - current liabilities.
Tangible book value$12.1MShareholders' equity - goodwill - intangible assets.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.04Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic-$0.04Net income per basic share, as reported (split-adjusted).

Valuation

MetricValueHow it is calculated
Market cap$4.8MShare price x shares outstanding.
Enterprise value$4.4MMarket cap + total debt - cash - short-term investments.
P/B0.40xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book0.40xMarket cap / tangible book value, when positive.
FCF yield-21.2%Free cash flow / market cap.
Earnings yield-8.9%Net income / market cap (the inverse of P/E).
Was CHINA NATURAL RESOURCES INC profitable in fiscal 2024?

No. It reported a net loss of $432.0K.

How much free cash flow did CHINA NATURAL RESOURCES INC generate in fiscal 2024?

Cash from operations of $1.0M minus capital expenditures of $1.0K left free cash flow of -$1.0M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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