China Natural Resources Inc. Files 20-F for Fiscal Year Ended December 31, 2023

TL;DR

<b>China Natural Resources Inc. filed its annual 20-F report for the fiscal year ending December 31, 2023.</b>

AI Summary

CHINA NATURAL RESOURCES INC (CHNR) filed a Foreign Annual Report (20-F) with the SEC on April 30, 2024. The filing is a Form 20-F for China Natural Resources Inc. for the fiscal year ending December 31, 2023. The company's Standard Industrial Classification is Gold & Silver Ores [1040]. The company was formerly known as China Resources Development Inc. and Magenta Corp. The business and mailing address is located in Sheung Wan, Hong Kong. The filing was made on April 30, 2024.

Why It Matters

For investors and stakeholders tracking CHINA NATURAL RESOURCES INC, this filing contains several important signals. This 20-F filing provides a comprehensive overview of the company's financial performance and business operations for the fiscal year 2023, crucial for investors assessing its current standing. The historical company name changes (China Resources Development Inc., Magenta Corp.) are noted, which may be relevant for long-term investors tracking corporate evolution.

Risk Assessment

Risk Level: low — CHINA NATURAL RESOURCES INC shows low risk based on this filing. The filing is a standard annual report (20-F) and does not contain immediate, specific financial results or operational updates that would indicate a high-risk situation.

Analyst Insight

Review the full 20-F filing for detailed financial statements, management discussion, and risk factors to understand China Natural Resources Inc.'s performance and outlook.

Key Numbers

• 2023-12-31 — Fiscal Year End (Conformed period of report)
• 2024-04-30 — Filing Date (Filed as of date)
• 0000793628 — Central Index Key (Filer's unique identifier)
• 1040 — SIC Code (Standard Industrial Classification for Gold & Silver Ores)

Key Players & Entities

• CHINA NATURAL RESOURCES INC (company) — Filer name
• 0000793628 (company) — Central Index Key
• GOLD & SILVER ORES (company) — Standard Industrial Classification
• SHEUNG WAN, HONG KONG (company) — Business address city and state
• CHINA RESOURCES DEVELOPMENT INC (company) — Former company name
• MAGENTA CORP (company) — Former company name
• 2024-04-30 (date) — Filing date
• 2023-12-31 (date) — Fiscal year end

FAQ

Industry Context

China Natural Resources Inc. operates within the Gold & Silver Ores industry, as indicated by its SIC code.

Regulatory Implications

As a foreign private issuer, the company files annual reports on Form 20-F with the SEC, adhering to US securities regulations.

What Investors Should Do

1. Access and review the full 20-F document for detailed financial statements and disclosures.
2. Analyze the company's business description and risk factors for operational insights.
3. Compare the 2023 performance with previous years to identify trends.

Key Dates

• 2024-04-30: Filing Date — Submission of the annual 20-F report for the fiscal year 2023.
• 2023-12-31: Fiscal Year End — The period covered by the financial statements in the 20-F filing.

Year-Over-Year Comparison

This filing is the 20-F for the fiscal year 2023, providing updated information compared to previous filings.

Key Financial Figures

• $ — port") to "U.S. Dollars," "Dollars," "US$," or "$" are to United States dollars;
• $1.00 — x.com on December 31, 2023, which was US$1.00 = CNY7.0786. Translations from Hong Kon
• $7.80 — ial pegged exchange rate of US$1.00 = HK$7.80 as of December 31, 2023, and from Hong
• $1.00 m — Company's common shares to satisfy the $1.00 minimum bid price requirement for continu
• $3.00 — on shares at an exercise price equal to $3.00 per share and to the president and the
• $2.20 — on shares at an exercise price equal to $2.20 per share; References to "Yangpu Shuan

Filing Documents

• chnr_20f-123123.htm (20-F) — 4086KB
• ex4x19.htm (EX-4.19) — 10KB
• ex8.htm (EX-8) — 6KB
• ex12x1.htm (EX-12.1) — 8KB
• ex12x2.htm (EX-12.2) — 8KB
• ex13x1.htm (EX-13.1) — 3KB
• ex13x2.htm (EX-13.2) — 3KB
• ex15x1.htm (EX-15.1) — 5KB
• ex15x2.htm (EX-15.2) — 127KB
• ex97.htm (EX-97) — 27KB
• image_001.jpg (GRAPHIC) — 282KB
• image_002.jpg (GRAPHIC) — 4KB
• image_003.jpg (GRAPHIC) — 5KB
• orgchart.jpg (GRAPHIC) — 25KB
• 0001079973-24-000619.txt (&nbsp;) — 18388KB
• chnr-20231231.xsd (EX-101.SCH) — 150KB
• chnr-20231231_cal.xml (EX-101.CAL) — 93KB
• chnr-20231231_def.xml (EX-101.DEF) — 307KB
• chnr-20231231_lab.xml (EX-101.LAB) — 585KB
• chnr-20231231_pre.xml (EX-101.PRE) — 553KB
• chnr_20f-123123_htm.xml (XML) — 4411KB

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 71 ITEM 12.

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES

DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES 71 PART II ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES 72 ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS 72 ITEM 15.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 72 ITEM 16. [Reserved] 72 ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT 73 ITEM 16B. CODE OF ETHICS 73 ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES 74 ITEM 16D. EXEMPTION FROM THE LISTING STANDARDS FOR THE AUDIT COMMITTEE 74 i ITEM 16E. PURCHASE OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS 74 ITEM 16F. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT 74 ITEM 16G. CORPORATE GOVERNANCE 74 ITEM 16H. MINE SAFETY DISCLOSURE 75 ITEM 16I. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 75 ITEM 16J. INSIDER TRADING POLICIES 74 ITEM 16K. CYBERSECURITY 75 PART III ITEM 17.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 75 ITEM 18.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 75 ITEM 19. EXHIBITS 76

SIGNATURES

SIGNATURES 77 ii CONVENTIONS Unless otherwise specified, all references in this annual report on Form 20-F (the "Annual Report") to "U.S. Dollars," "Dollars," "US$," or "$" are to United States dollars; all references to "HK$" are to Hong Kong dollars; and all references to "Renminbi," "RMB" or "CNY" are to Chinese Yuan, which is the lawful currency of the People's Republic of China. The accounts of the Company and its subsidiaries are maintained in Hong Kong dollars or Renminbi. The financial statements of the Company and its subsidiaries are prepared in Renminbi. Translations of amounts from Renminbi to U.S. Dollars, and from Hong Kong dollars to U.S. Dollars, are for the convenience of the reader. Unless otherwise indicated, any translations from Renminbi to U.S. Dollars or from U.S. Dollars to Renminbi have been made at the single rate of exchange (the "CNY Exchange Rate") as quoted by www.ofx.com on December 31, 2023, which was US$1.00 = CNY7.0786. Translations from Hong Kong dollars to U.S. Dollars have been made at the official pegged exchange rate of US$1.00 = HK$7.80 as of December 31, 2023, and from Hong Kong dollars to Renminbi have been made at the single rate of exchange as quoted by www.ofx.com on December 31, 2023, which was HK$1.00 = CNY0.9063. The Renminbi is not freely convertible into foreign currencies and no representation is made that the Renminbi or U.S. Dollar amounts referred to herein could have been or could be converted into U.S. Dollars or Renminbi, as the case may be, at the CNY Exchange Rate or at all. References to the "Acquisition" are to the Company's pending acquisition of the indirect ownership of Williams Minerals (Pvt) Ltd ("Williams Minerals"), which is the company that holds the mining permit for the Zimbabwean lithium mine. At the time of entry into the sale and purchase agreement on February 27, 2023, Feishang Group, the Company's controlling shareholder, owned 70% of the lithium mine, and the remaining 30% was owne

Forward-Looking Statements

Forward-Looking Statements This annual report contains herein that are not statements of historical fact may be deemed to be forward-looking statements. For example, words such as "may," "will," "should," "estimates," "predicts," "possible," "potential," "continue," "strategy," "believes," "anticipates," "plans," "expects," "intends," and similar expressions are intended to identify forward-looking statements. These statements appear in a number of places in this annual report and include, without limitation, statements regarding the belief and current expectations of the Company, its directors or its officers with respect to the Company's policies regarding its business development, investments, dispositions, financings, conflicts of interest and other matters, and trends affecting the Company's financial condition or results of operations. 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 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 other non-natural resources sectors; uncertainties associated with metal price volatility; uncertainties concerning the viability of mining and estimates of reserves at the Company's Moruogu Tong Mine in Inner Mongolia; uncertainties regarding our ability to acquire a mining per

View Full Filing

View this 20-F filing on SEC EDGAR