China Natural Resources Cuts 2025 Net Loss to CNY1.23M and Eyes AI Acquisition
China Natural Resources reduced its 2025 net loss by CNY1.93 million to CNY1.23 million (US$0.18 million) as administrative expenses fell CNY3.90 million (US$0.56 million). On March 17, 2026, it signed a non-binding LOI to acquire 59.79% of HooRii Technology through Feishang’s subsidiary.
1. Full-Year 2025 Financial Results
China Natural Resources reported a net loss of CNY1.23 million (US$0.18 million) for the year ended December 31, 2025, compared with a CNY3.16 million loss in 2024. The reduction reflects elimination of discontinued operations losses and improved cost controls.
2. Expense Reductions Boost Margins
Administrative expenses declined by CNY3.90 million (US$0.56 million) to CNY3.30 million (US$0.47 million), driven by lower legal and audit fees. Other income rose to CNY0.03 million (US$0.01 million) from vehicle disposal gains, while fair value gains on warrants totaled CNY2.08 million (US$0.30 million).
3. Proposed AI-Focused Acquisition
On March 17, 2026, the company signed a non-binding Letter of Intent with Feishang Group to acquire a subsidiary holding 59.79% equity in HooRii Technology (HK) Limited. HooRii specializes in integrating IoT with artificial intelligence for physical AI development.