China Natural Resources (CHNR) AI Stock Analysis

• Market Cap: $5.27M
• Dividend Yield: N/A
• Average Volume (3M): 42.74K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.96
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 9
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Waste Management
• EPS (TTM): -0.14
• Shares Outstanding: 1,233,221
• 10 Day Avg. Volume: 9,710
• 30 Day Avg. Volume: 42,740
• PEG Ratio: 1.26K
• Price to Book (P/B): 4.34
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -51.48
• Enterprise Value/Market Cap: 0.98
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: -18.78K
• Enterprise Value/Ebitda: 2.84
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: $4.00 ▲(8.11% Upside)

The score is constrained primarily by weak financial performance (revenue collapse, ongoing losses, and inconsistent/negative cash flow), partially offset by a healthier recent balance sheet with minimal debt. Technicals add some support due to improving near-term momentum, while valuation remains challenged by loss-making results and no dividend.

Positive Factors

Improved Balance Sheet

Near-zero reported debt and a positive equity base materially reduce financial leverage risk and provide a solvency buffer. This improved balance sheet gives management structural flexibility to fund operations, pursue strategic deals, or withstand cash volatility over the next several months.

Reduced Net Loss in 2024

A marked narrowing of annual net loss signals progress toward cost control or operational stabilization. If this reflects durable expense discipline or curtailed non-core cash outflows, it materially improves the company's runway and the odds of reaching break-even within a multi-month horizon.

Active Strategic Acquisition Pipeline

The ongoing push to acquire Williams Minerals indicates a concrete growth strategy and potential to add producing assets or reserves. Maintaining this transaction keeps a structural pathway to rebuild revenue and operational scale if regulatory and closing conditions are met.

Negative Factors

Revenue Collapse

Revenue falling to near-zero over two consecutive years fundamentally undermines the business model: without recurring product sales or asset monetizations, covering fixed costs and supporting operations becomes difficult, creating a structural threat to survival.

Weak and Inconsistent Cash Generation

Persistent negative operating and free cash flow, capped by a renewed ~-$7.4M cash burn in 2024, raises durable funding risk. With limited internal cash generation and minimal revenue, the company likely needs external financing or asset sales to sustain operations over the medium term.

Persistent Losses and Capital Instability

Multi-year net losses and negative ROE reflect an inability to produce shareholder returns. Historical swings—including past negative equity and periods of higher debt—point to an unstable capital structure that increases long-run execution and financing risk for remediation or growth plans.

China Natural Resources Business Overview & Revenue Model

Company Description

China Natural Resources, Inc., through its subsidiaries, engages in the exploration and mining of metal properties in the People's Republic of China. It explores for lead, silver, and other nonferrous metals. The company holds interest in the Moruogu Tong mine that covers an area of 7.81 square kilometers located in Bayannaoer City, Inner Mongolia. It also offers equipment for rural wastewater treatment; and engineering, procurement, and construction services related to wastewater treatment. The company was incorporated in 1993 and is headquartered in Sheung Wan, Hong Kong. China Natural Resources, Inc. is a subsidiary of Feishang Group Limited.

How the Company Makes Money

China Natural Resources generates revenue through the exploration, extraction, and sale of mineral resources. The company's key revenue streams include the sale of non-ferrous metals extracted from its mining operations. It also explores opportunities for joint ventures and partnerships with other mining entities to enhance its operational capabilities and access additional resources. The company's earnings are influenced by the global demand for minerals, commodity prices, and its operational efficiency in resource extraction and processing.

China Natural Resources Financial Statement Overview

Summary

Overall financial quality is weak: revenue collapsed to near-zero in 2023–2024, EBIT and net income were negative across 2021–2024, and operating/free cash flow have been mostly negative with renewed cash burn in 2024. The main offset is a recently cleaner balance sheet with minimal debt and positive equity.

Income Statement

Profitability remains weak and volatile. The company posted net losses in 2021–2024, with EBIT also negative across those years, indicating an ongoing inability to generate operating profits. Revenue effectively collapsed to zero in 2023 and 2024 (vs. ~$20.3M in 2022), which is a major red flag for operating stability. A notable positive is that the net loss narrowed sharply in 2024 (to about -$3.2M from about -$13.8M in 2023), but the overall earnings profile is still loss-making with inconsistent margins.

Balance Sheet

The balance sheet looks mixed but improved versus earlier periods. Total debt is minimal in 2023–2024 (near-zero), and equity is positive and sizable in 2020–2024, which reduces near-term financial leverage risk. However, the business has not generated consistent returns for shareholders: return on equity is negative in 2021–2024, reflecting persistent losses despite the capital base. Historical volatility is also evident (e.g., negative equity in 2019 and much higher debt in 2021–2022), suggesting the capital structure has been unstable over time.

Cash Flow

Cash generation is pressured and inconsistent. Operating cash flow was negative in most years (2019–2022 and 2024), and free cash flow is also negative in those same periods, implying the company is consuming cash rather than producing it. While 2023 showed positive operating and free cash flow, that improvement did not persist into 2024, when operating cash flow fell to about -$7.4M. Overall, the pattern suggests limited cash-flow reliability and elevated funding risk if losses and cash burn continue.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	20.31M	18.73M	42.50M
Gross Profit	-275.00	0.00	0.00	5.82M	241.00K	3.28M
EBITDA	1.82M	-7.20K	-12.32M	-22.72M	-9.73M	30.02M
Net Income	-117.77K	-3.16K	-13.84M	-24.62M	-48.15M	24.34M
Balance Sheet
Total Assets	35.10M	260.89M	253.81M	319.99M	333.45M	530.06M
Cash, Cash Equivalents and Short-Term Investments	101.46K	3.08M	4.75M	32.70M	59.36M	201.37M
Total Debt	0.00	0.00	360.00K	76.92M	79.19M	83.55M
Total Liabilities	23.03M	172.83M	177.81M	142.54M	151.41M	238.26M
Stockholders Equity	12.07M	88.06M	76.00M	67.77M	74.68M	172.73M
Cash Flow
Free Cash Flow	-7.98M	-7.42M	1.61M	-13.04M	-12.22M	-4.57M
Operating Cash Flow	-7.98M	-7.42M	1.62M	-12.79M	-12.07M	-4.56M
Investing Cash Flow	1.00K	1.00K	-148.76K	7.05M	53.35M	-9.00K
Financing Cash Flow	15.39M	15.11M	-5.09M	-22.83M	-38.79M	48.59M

China Natural Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.70
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CHNR, the sentiment is Positive. The current price of 3.7 is below the 20-day moving average (MA) of 3.93, below the 50-day MA of 3.83, and below the 200-day MA of 4.26, indicating a bullish trend. The MACD of 0.11 indicates Negative momentum. The RSI at 55.71 is Neutral, neither overbought nor oversold. The STOCH value of 59.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CHNR.

China Natural Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
QRHC	51 Neutral	$44.87M	-1.97	-44.35%	―	-9.25%	-189.37%
CHNR	48 Neutral	$5.27M	-8.60	―	―	―	―
AWX	47 Neutral	$10.61M	59.65	0.47%	―	-4.84%	-81.73%
AQMS	47 Neutral	$14.22M	-0.05	-187.08%	―	―	-106.93%
CDTG	42 Neutral	$4.75M	-24.19	-3.36%	―	-45.28%	-100.22%

China Natural Resources Corporate Events

China Natural Resources Amends Ownership Disclosures and Sets Effective Date for 2025 Shareholder Actions

China Natural Resources, Inc. has filed an amended information statement with the U.S. Securities and Exchange Commission after correcting disclosures on the beneficial ownership of its common shares as of the December 12, 2025 record date for its 2025 annual meeting of shareholders. The company also notified investors that a majority shareholder has already approved, by written consent in lieu of an in-person annual meeting, the election of two Class III directors for three-year terms and the ratification of ARK Pro CPA & Co as its independent auditor for the fiscal year ending December 31, 2025, with these corporate actions deemed effective on or about January 27, 2026, following mailing of the information statement beginning around January 6, 2026.

The most recent analyst rating on (CHNR) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on China Natural Resources stock, see the CHNR Stock Forecast page.

China Natural Resources Extends Williams Minerals Acquisition Deadline to End-2026

China Natural Resources, Inc. reported unaudited interim financial statements for the six months ended June 30, 2025, furnishing condensed consolidated profit or loss, comprehensive income, financial position, changes in equity and cash flow statements, together with management’s discussion and analysis, as part of a Form 6-K filed in December 2025. On December 31, 2025, the company signed a third amendment to its February 27, 2023 sale and purchase agreement to acquire 100% of Greatfame Investments Limited, owner of Williams Minerals (Pvt) Ltd, extending the transaction’s long stop date for satisfying closing conditions, including regulatory approvals, from December 31, 2025 to December 31, 2026, signaling that the strategically important mining acquisition remains delayed but still active, with timing risk pushed out another year for stakeholders.

The most recent analyst rating on (CHNR) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on China Natural Resources stock, see the CHNR Stock Forecast page.

China Natural Resources Sets January 13, 2026 Effective Date for Shareholder-Approved Director and Auditor Actions

On December 19, 2025, China Natural Resources, Inc. reported that a majority shareholder had approved, by written consent in lieu of an in‑person 2025 annual meeting, the election of two Class III directors for a three-year term and the ratification of ARK Pro CPA & Co as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. The company will treat January 13, 2026 as the effective date of these corporate actions—and as the deemed date of its 2025 annual meeting—after mailing an information statement to shareholders on or about December 23, 2025, a process that underscores its reliance on British Virgin Islands law and Nasdaq’s accommodations for foreign private issuers to reduce the cost and formality of in-person shareholder meetings while maintaining formal approval of board composition and auditor oversight.