China Historical Income Statement
| CHNR Stock | USD 0.97 0.03 3.00% |
Historical analysis of China Natural income statement accounts such as Total Revenue of 17.4 M, Gross Profit of 5 M or Income Tax Expense of 4.3 M can show how well China Natural Resources performed in making a profits. Evaluating China Natural income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of China Natural's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining China Natural Resources latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether China Natural Resources is a good buy for the upcoming year.
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About China Income Statement Analysis
China Natural Resources Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to China Natural shareholders. The income statement also shows China investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
China Natural Income Statement Chart
China Natural Resources Income Statement is one of the three primary financial statements used for reporting China's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of China Natural Resources revenue and expense. China Natural Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, China Natural's Interest Expense is relatively stable compared to the past year. As of 05/04/2024, Selling General Administrative is likely to grow to about 23.8 M, while Gross Profit is likely to drop slightly above 5 M. Add Fundamental
Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of China Natural Resources. It is also known as China Natural overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most accounts from China Natural's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into China Natural Resources current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Natural Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, China Natural's Interest Expense is relatively stable compared to the past year. As of 05/04/2024, Selling General Administrative is likely to grow to about 23.8 M, while Gross Profit is likely to drop slightly above 5 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Reconciled Depreciation | 2.8M | 2.5M | 2.9M | 1.7M | Interest Income | 16.9M | 15.6M | 17.9M | 18.8M |
China Natural income statement Correlations
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China Natural Account Relationship Matchups
High Positive Relationship
High Negative Relationship
China Natural income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 60K | 38K | 4.1M | 4.0M | 3.6M | 3.9M | |
| Total Revenue | 13.0M | 6.9M | 18.7M | 20.3M | 18.3M | 17.4M | |
| Gross Profit | 217K | 13K | 241K | 5.8M | 5.2M | 5.0M | |
| Operating Income | (5.6M) | (7.1M) | (7.0M) | (15.2M) | (12.9M) | (12.2M) | |
| Ebit | (5.6M) | (7.1M) | (7.0M) | (15.2M) | (12.9M) | (12.2M) | |
| Ebitda | (4.3M) | (6.1M) | (4.3M) | (12.6M) | (12.3M) | (11.7M) | |
| Net Income | (5.7M) | 24.3M | (55.0M) | (22.3M) | (8.3M) | (7.9M) | |
| Income Tax Expense | 60K | (1.4M) | 2.1M | 5.9M | 5.3M | 4.3M | |
| Depreciation And Amortization | 1.3M | 1.1M | 2.8M | 2.5M | 560K | 532K | |
| Selling General Administrative | 5.8M | 7.1M | 22.9M | 36.7M | 12.9M | 23.8M | |
| Other Operating Expenses | 18.6M | 14.0M | 42.3M | 51.9M | 8.3M | 7.9M | |
| Cost Of Revenue | 12.8M | 6.9M | 18.5M | 14.5M | 13.0M | 12.4M | |
| Total Operating Expenses | 5.8M | 7.1M | 23.8M | 37.4M | 8.3M | 7.9M | |
| Income Before Tax | (5.6M) | 24.2M | (52.8M) | (16.4M) | (8.3M) | (7.9M) | |
| Total Other Income Expense Net | (46K) | 31.3M | (45.8M) | (1.3M) | 4.5M | 4.3M | |
| Net Income Applicable To Common Shares | (6.2M) | (5.6M) | 25.6M | (48.2M) | (55.4M) | (58.1M) | |
| Net Income From Continuing Ops | (5.6M) | 25.6M | (55.0M) | (22.3M) | (20.1M) | (21.1M) | |
| Net Interest Income | (46K) | (27K) | 12.6M | 11.6M | 13.3M | 13.9M | |
| Interest Income | 16K | 18K | 16.9M | 15.6M | 17.9M | 18.8M | |
| Reconciled Depreciation | 1.3M | 1.0M | 2.8M | 2.5M | 2.9M | 1.7M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards China Natural in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, China Natural's short interest history, or implied volatility extrapolated from China Natural options trading.
Pair Trading with China Natural
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if China Natural position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in China Natural will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to China Natural could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China Natural when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back China Natural - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling China Natural Resources to buy it.
The correlation of China Natural is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as China Natural moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Natural Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for China Natural can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in China Natural Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Complementary Tools for China Stock analysis
When running China Natural's price analysis, check to measure China Natural's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy China Natural is operating at the current time. Most of China Natural's value examination focuses on studying past and present price action to predict the probability of China Natural's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Natural's price. Additionally, you may evaluate how the addition of China Natural to your portfolios can decrease your overall portfolio volatility.
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Is China Natural's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of China Natural. If investors know China will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about China Natural listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.29) | Revenue Per Share 2.009 | Quarterly Revenue Growth (0.24) | Return On Assets (0.03) | Return On Equity (0.07) |
The market value of China Natural Resources is measured differently than its book value, which is the value of China that is recorded on the company's balance sheet. Investors also form their own opinion of China Natural's value that differs from its market value or its book value, called intrinsic value, which is China Natural's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because China Natural's market value can be influenced by many factors that don't directly affect China Natural's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between China Natural's value and its price as these two are different measures arrived at by different means. Investors typically determine if China Natural is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, China Natural's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.