CHINA NATURAL RESOURCES, INC.
CONSOLIDATED INCOME STATEMENTS
YEARS ENDED DECEMBER 31, 2010 AND 2011
(Amounts in thousands, except share and per share data)

Year Ended December 31,

2010

2011

2011

CNY

CNY

US$

REVENUES

93,354

148,151

23,535

COST OF SALES

(53,539)

(95,534)

(15,176)

GROSS PROFIT

39,815

52,617

8,359

SELLING AND DISTRIBUTION EXPENSES

(3,303)

(3,282)

(521)

ADMINISTRATIVE EXPENSES

(88,787)

(73,668)

(11,703)

OTHER OPERATING EXPENSES

(9,031)

(1,545)

(245)

OPERATING LOSS

(61,306)

(25,878)

(4,110)

FINANCE COSTS

(6,007)

(32,215)

(5,118)

INTEREST INCOME

1,112

1,713

272

SHARE OF LOSSES OF ASSOCIATES

(6,310)

—

—

GAIN ON DISPOSAL OF ASSOCIATES

30,571

—

—

GAIN FROM BARGAIN PURCHASE OF A SUBSIDIARY

624,148

—

—

NON-OPERATING (EXPENSES) INCOME, NET

(1,874)

4,299

683

PROFIT (LOSS) BEFORE INCOME TAX

580,334

(52,081)

(8,273)

INCOME TAX EXPENSE

(12,224)

(14,035)

(2,230)

PROFIT (LOSS) FOR THE YEAR

568,110

(66,116)

(10,503)

ATTRIBUTABLE TO:

coal mining industry, metal division, international accounting standards board, securities and exchange commission, guizhou province, guizhou, anhui province, usd, cny, china natural resources inc., cny148, bloomberg finance l.p., china, british virgin islands, li feilie, income statement, coal mining, finance, financial statements, international financial reporting standards, coal, business, chairman

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