China Natural Resources (CHNR) 20-F 17 May 22 2021 FY Annual report (foreign) Financial data

Cover

Cover	12 Months Ended
	Dec. 31, 2021shares
Entity Addresses [Line Items]
Document Type	20-F
Amendment Flag	false
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Document Period End Date	Dec. 31, 2021
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--12-31
Entity File Number	0-26046
Entity Registrant Name	CHINA NATURAL RESOURCES, INC
Entity Central Index Key	0000793628
Entity Incorporation, State or Country Code	F4
Entity Address, Address Line One	Room 2205, 22/F
Entity Address, Address Line Two	West Tower, Shun Tak Centre
Entity Address, Address Line Three	168-200 Connaught Road Central
Entity Address, City or Town	Sheung Wan
Entity Address, Country	HK
Entity Address, Postal Zip Code	122001
Title of 12(b) Security	Common Shares, without par value
Trading Symbol	CHNR
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Document Accounting Standard	International Financial Reporting Standards
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	40,948,082
Auditor Name	Ernst & Young Hua Ming LLP
Auditor Firm ID	1408
Auditor Location	Beijing, China
Business Contact [Member]
Entity Addresses [Line Items]
Entity Incorporation, State or Country Code	F4
Entity Address, Address Line One	Room 2205, 22/F,
Entity Address, Address Line Two	West Tower, Shun Tak Centre
Entity Address, Address Line Three	168-200 Connaught Road Central
Entity Address, City or Town	Sheung Wan
Entity Address, Country	HK
Entity Address, Postal Zip Code	122001
City Area Code	0118
Local Phone Number	5228107205
Contact Personnel Name	Zhu Youyi, Chief Financial Officer
Contact Personnel Email Address	zhuyouyi@chnr.net

CONSOLIDATED STATEMENTS OF PROF

CONSOLIDATED STATEMENTS OF PROFIT OR LOSS ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)$ / shares	Dec. 31, 2021CNY (¥)¥ / shares	Dec. 31, 2020CNY (¥)¥ / shares	Dec. 31, 2019CNY (¥)¥ / shares
Profit or loss [abstract]
Revenue	$ 2,948	¥ 18,735	¥ 42,498	¥ 147,179
Cost of sales	(2,910)	(18,494)	(39,215)	(132,141)
Gross profit	38	241	3,283	15,038
Selling and distribution expenses	(145)	(922)	(758)	(828)
Administrative expenses	(3,598)	(22,869)	(18,853)	(19,904)
Other income/(losses)	(29)	(183)	1,616	1,431
Fair value gain/(loss) on financial instruments, net	(6,034)	(38,349)	31,334
Impairment losses on financial assets	(524)	(3,330)	(4,162)	(9,367)
Impairment loss on intangible assets				(16,662)
Impairment loss on goodwill				(31,478)
Finance costs	(686)	(4,359)	(3,749)	(340)
Finance income	2,665	16,935	15,468	12,808
(LOSS)/PROFIT BEFORE INCOME TAX	(8,313)	(52,836)	24,179	(49,302)
Income tax benefit/(expense)	(336)	(2,135)	(1,258)	1,374
(LOSS)/PROFIT FOR THE YEAR	(8,649)	(54,971)	22,921	(47,928)
ATTRIBUTABLE TO:
Owners of the Company	(7,576)	(48,152)	24,336	(43,042)
Non-controlling interests	(1,073)	(6,819)	(1,415)	(4,886)
(LOSS)/PROFIT for the year	$ (8,649)	¥ (54,971)	¥ 22,921	¥ (47,928)
(LOSS)/EARNINGS PER SHARE ATTRIBUTABLE TO OWNERS OF THE COMPANY:
- (Loss)/earnings per share | (per share)	$ (0.19)	¥ (1.18)	¥ 0.78	¥ (1.54)

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019CNY (¥)
Profit or loss [abstract]
(LOSS)/PROFIT FOR THE YEAR	$ (8,649)	¥ (54,971)	¥ 22,921	¥ (47,928)
Other comprehensive (loss)/income that may be reclassified to profit or loss in subsequent periods:
Foreign currency translation adjustments	(1,204)	(7,657)	703	(111)
Total other comprehensive (loss)/income for the year, net of tax	(1,204)	(7,657)	703	(111)
TOTAL COMPREHENSIVE (LOSS)/INCOME FOR THE YEAR	(9,853)	(62,628)	23,624	(48,039)
Attributable to:
Owners of the Company	(8,780)	(55,809)	25,039	(43,153)
Non-controlling interests	(1,073)	(6,819)	(1,415)	(4,886)
Total	$ (9,853)	¥ (62,628)	¥ 23,624	¥ (48,039)

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION ¥ in Thousands, $ in Thousands	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)	Jan. 01, 2020CNY (¥)
NON-CURRENT ASSETS
Property, plant and equipment	$ 112	¥ 715	¥ 1,203	¥ 1,512
Intangible assets	3,176	20,189	643	799
Right-of-use assets	370	2,351	3,560	1,142
Trade and bills receivable	1,495	9,501	31,676	27,869
Contract assets	14,323	91,035	111,689	91,486
Deferred income tax assets	10	66	2,920	3,132
Other non-current assets	2	10
TOTAL NON-CURRENT ASSETS	19,488	123,867	151,691	125,940
CURRENT ASSETS
Inventories	155	986	838	637
Trade and bills receivable	6,533	41,526	29,771	64,385
Contract assets	2,412	15,331	14,558	11,928
Prepayments	352	2,236	384	790
Other receivables	13,562	86,201	1,920	1,962
Due from related companies			123,893	123,677
Other current assets	778	4,942	6,747	6,243
Financial assets at fair value through profit or loss			143,674
Cash and cash equivalents	9,182	58,359	56,580	59,398
TOTAL CURRENT ASSETS	32,974	209,581	378,365	269,020
TOTAL ASSETS	52,462	333,448	530,056	394,960
CURRENT LIABILITIES
Trade payables	3,321	21,118	28,621	70,906
Contract liabilities	108	690	690	690
Other payables and accruals	1,903	12,098	9,750	19,711
Income tax payable	1,456	9,254	18,612	24,161
Dividends payable	794	5,048
Interest-bearing loans and borrowings	472	3,000	3,000
Derivative financial liabilities	269	1,710
Lease liabilities	154	981	1,382	1,238
Due to related companies	898	5,710	79,459	75,306
Due to the Shareholder	2,211	14,050	7,149	7,097
TOTAL CURRENT LIABILITIES	11,586	73,659	148,663	199,109
NON-CURRENT LIABILITIES
Deferred tax liabilities	401	2,544	10,426	150
Lease liabilities	191	1,208	2,168
Interest-bearing loans and borrowings	11,643	74,000	77,000	30,000
TOTAL NON-CURRENT LIABILITIES	12,235	77,752	89,594	30,150
TOTAL LIABILITIES	23,821	151,411	238,257	229,259
EQUITY
Issued capital	70,924	450,782	419,091	340,875
Other capital reserves	113,141	719,110	787,987	763,729
Accumulated losses	(170,611)	(1,084,387)	(1,031,187)	(1,055,523)
Other comprehensive losses	(1,703)	(10,821)	(3,164)	(3,867)
EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY	11,751	74,684	172,727	45,214
NON-CONTROLLING INTERESTS	16,890	107,353	119,072	120,487
TOTAL EQUITY	28,641	182,037	291,799	165,701
TOTAL LIABILITIES AND EQUITY	$ 52,462	¥ 333,448	¥ 530,056	¥ 394,960

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY ¥ in Thousands, $ in Thousands	Issued capital [member]USD ($)	Issued capital [member]CNY (¥)	Capital reserve [member]USD ($)	Capital reserve [member]CNY (¥)	Retained earnings [member]USD ($)	Retained earnings [member]CNY (¥)	Other Comprehensive Income Loss [Member]USD ($)	Other Comprehensive Income Loss [Member]CNY (¥)	Total [Member]USD ($)	Total [Member]CNY (¥)	Non-controlling interests [member]USD ($)	Non-controlling interests [member]CNY (¥)	USD ($)	CNY (¥)
Beginning balance, value at Dec. 31, 2018		¥ 340,875		¥ 763,729		¥ (1,012,481)		¥ (3,756)		¥ 88,367		¥ 111,656		¥ 200,023
IfrsStatementLineItems [Line Items]
Loss for the year						(43,042)				(43,042)		(4,886)		(47,928)
Foreign currency translation adjustments								(111)		(111)				(111)
Total comprehensive loss						(43,042)		(111)		(43,153)		(4,886)		(48,039)
Capital injection from non-controlling shareholders												13,717		13,717
Ending balance at Dec. 31, 2019		340,875		763,729		(1,055,523)		(3,867)		45,214		120,487		165,701
IfrsStatementLineItems [Line Items]
Loss for the year						24,336				24,336		(1,415)		22,921
Foreign currency translation adjustments								703		703				703
Total comprehensive loss						24,336		703		25,039		(1,415)		23,624
Issuance of shares (Note 25(a))		78,216		24,258						102,474				102,474
Ending balance at Dec. 31, 2020		419,091		787,987		(1,031,187)		(3,164)		172,727		119,072		291,799
IfrsStatementLineItems [Line Items]
Loss for the year						(48,152)				(48,152)		(6,819)		(54,971)
Foreign currency translation adjustments								(7,657)		(7,657)				(7,657)
Total comprehensive loss						(48,152)		(7,657)		(55,809)		(6,819)		(62,628)
Issuance of shares (Note 25(a))		31,691								31,691				31,691
Deemed distribution to the controlling shareholder (Note 29)				(75,651)						(75,651)				(75,651)
Dividends declared (Note 10)						(5,048)				(5,048)				(5,048)
Dividends paid to non-controlling shareholders												(4,900)	$ (771)	(4,900)
Equity-settled share-based payments (Note 27)				2,311						2,311				2,311
Others (Note 25(b))				4,463						4,463				4,463
Ending balance at Dec. 31, 2021	$ 70,924	¥ 450,782	$ 113,141	¥ 719,110	$ (170,611)	¥ (1,084,387)	$ (1,703)	¥ (10,821)	$ 11,751	¥ 74,684	$ 16,890	¥ 107,353	$ 28,641	¥ 182,037

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019CNY (¥)
OPERATING ACTIVITIES
(Loss)/profit before income tax for the year	$ (8,313)	¥ (52,836)	¥ 24,179	¥ (49,302)
Adjustments for:
Finance costs	650	4,128	3,457	383
Interest income	(1,157)	(7,358)	(7,330)	(6,797)
Expenses related to issuance of shares	248	1,579
Fair value (gain)/loss on financial instruments, net	6,034	38,349	(31,334)
Depreciation of property, plant and equipment	80	510	565	534
Depreciation of right-of-use assets	215	1,366	1,663	1,816
Amortization of intangible assets	139	884	156	1,185
Impairment losses on trade receivables	604	3,840	4,544	7,673
Impairment losses on contract assets	56	357	172	33
Impairment losses on other receivables	38	239
Impairment losses/(reversal) on amounts due from related companies	(174)	(1,106)	(554)	1,661
Impairment loss on intangible assets				16,662
Impairment loss of goodwill				31,478
Changes in working capital
Inventories	(23)	(148)	(201)	490
Trade and bills receivables	1,035	6,580	26,263	3,372
Contract assets	(123)	(780)	(18,595)	(83,920)
Prepayments	(291)	(1,852)	406	8,639
Other receivables	(146)	(930)	41	61
Other current assets	284	1,805	(504)	(3,485)
Trade payables	(1,181)	(7,507)	(38,471)	31,722
Other payables and accruals	128	813	(10,961)	10,064
Cash used in operations	(1,897)	(12,067)	(46,504)	(27,731)
Income tax paid		(1)	(22)	(2,609)
Net cash flows used in operating activities	(1,897)	(12,068)	(46,526)	(30,340)
INVESTING ACTIVITIES
Interest received	592	3,760	7,667	7,359
Additions of service concession right	(11)	(68)	(7,575)	(9,212)
Purchase of property, plant and equipment	(4)	(28)	(266)	(630)
Prepayment for right-of-use assets	(9)	(55)
Purchase of structured deposit product	(9,440)	(60,000)	(45,000)
Disposal of property, plant and equipment	1	6	96	30
Disposal of a subsidiary	(41)	(263)
Loan to an unrelated company	(12,587)	(80,000)
Repayment from loans due from related companies	19,667	125,000
Proceeds from maturity of structured deposit product	10,227	65,000	40,000
Net cash flows (used in)/from investing activities	8,395	53,352	(5,168)	(2,453)
Net cash flows (used in)/from investing activities	8,395	53,352	(5,168)	(2,453)
FINANCING ACTIVITIES
Proceeds from issuance of shares	6,607	41,996
Proceeds from bank loans			50,000	30,000
Repayments of bank loans	(472)	(3,000)
Advances from related companies	57	360	4,082	6,759
Advances from the Shareholder			462
Repayment to related companies	(7,890)	50,148		5,704
Repayments to the Shareholder	(1,125)	7,149
Payment of principal portion of lease liabilities	(230)	(1,463)	(1,769)	(1,503)
Payment of interest expenses of lease liabilities	(24)	(150)	(80)	(102)
Deemed distribution to the controlling shareholder	(1,620)	(10,297)
Payments related to issuance of shares			(72)
Dividends paid to non-controlling shareholders		(4,900)
Dividends paid to non-controlling shareholders	(771)	(4,900)
Advances from non-controlling shareholder				13,717
Interest paid	(635)	(4,035)	(4,028)	(345)
Net cash flows from/(used in) financing activities	(6,103)	(38,786)	48,595	42,822
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS	395	2,498	(3,099)	10,029
NET FOREIGN EXCHANGE DIFFERENCE	(115)	(719)	281	(27)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	8,902	56,580	59,398	49,396
CASH AND CASH EQUIVALENTS AT END OF YEAR	$ 9,182	¥ 58,359	¥ 56,580	¥ 59,398

ORGANIZATION AND PRINCIPAL ACTI

ORGANIZATION AND PRINCIPAL ACTIVITIES	12 Months Ended
	Dec. 31, 2021
Organization And Principal Activities
ORGANIZATION AND PRINCIPAL ACTIVITIES	1. ORGANIZATION AND PRINCIPAL ACTIVITIES China Natural Resources, Inc. (“CHNR” or the “Company”) is a British Virgin Islands (“BVI”) holding company incorporated in 1993. The address of the principal executive office is Room 2205, 22/F, West Tower, Shun Tak Centre, 168-200 Connaught Road Central, Sheung Wan, Hong Kong. The Company’s principal activity is investment holding. The Company’s subsidiaries (collectively with CHNR, the “Group”) are primarily involved in the exploration and mining and wastewater treatment businesses in the People’s Republic of China (“PRC”). CHNR’s principal shareholder is Feishang Group Limited (“Feishang Group” or the “Shareholder”), a BVI corporation. Mr. Li Feilie is the controlling shareholder of Feishang Group. In the opinion of the directors of the Company (the “Directors”), the ultimate parent of CHNR is Laitan Investment Limited, a BVI corporation. As of the date of this report, the Company had direct and indirect interests in the following subsidiaries, the particulars of which are set out below: Schedule of Organisation Place of registration and Nominal value Percentage of equity Principal activities Name Direct Indirect China Coal Mining Investment Limited (“China Coal”) Hong Kong * 100 — Investment holding FMH Corporate Services Inc. United States * 100 — Dormant Feishang Dayun Coal Mining Limited Hong Kong * — 100 Investment holding Feishang Mining Holdings Limited BVI * 100 — Investment holding Feishang Yongfu Mining Limited Hong Kong * — 100 Investment holding Newhold Investments Limited BVI * 100 — Investment holding Pineboom Investments Limited BVI * 100 — Investment holding Shenzhen Feishang Management and Consulting Co., Limited (“Feishang Management”) PRC/Mainland China CNY10,000 — 100 Provision of management and consulting services to other companies in the Group Silver Moon Technologies Limited BVI CNY1 80 — Dormant Sunwide Capital Limited BVI * 100 — Dormant Yangpu Shuanghu Industrial Development Co., Limited PRC/Mainland China CNY1,000 — 100 Investment holding Yunnan Feishang Mining Co., Limited PRC/Mainland China CNY50,000 — 100 Investment holding Bayannaoer City Feishang Mining Company Limited PRC/Mainland China CNY59,480 — 100 Exploration and development of lead mine Precise Space-Time Technology Limited (“PST Technology”)** Hong Kong HK$10 100 Investment holding Shenzhen New Precise Space-Time Technology Co., Limited (“Shenzhen New PST”) PRC/Mainland China US$800 — 100 Investment holding Shenzhen Qianhai Feishang Environmental Investment Co., Limited (“Shenzhen Qianhai”)** PRC/Mainland China CNY100,000 — 100 Investment holding Shanghai Onway Environmental Development Co., Limited (“Shanghai Onway”)** PRC/Mainland China CNY20,408 — 51 Construction service, maintenance service and sales of equipment related to wastewater treatment Zhejiang Xinyu Environmental Technology Co., Limited** PRC/Mainland China CNY20,000 — 51 Construction service, maintenance service and sales of equipment related to wastewater treatment Shaoguan Angrui Environmental Technology Development Co., Limited (“Shaoguan Angrui”)** PRC/Mainland China CNY26,682 — 28 Wastewater and refuse treatment under service concession agreement * Insignificant ** The Company obtained the control of these entities through acquiring 100% of the equity interests of PST Technology from Mr. Li Feilie on July 27, 2021. Refer to Note 29 for further details. The consolidated financial statements of the Group for the year ended December 31, 2021 were authorized for issuance in accordance with a resolution of the Directors on May 17, 2022.

BASIS OF PREPARATION

BASIS OF PREPARATION	12 Months Ended
	Dec. 31, 2021
Basis Of Preparation
BASIS OF PREPARATION	2.1 BASIS OF PREPARATION The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRSs”) as issued by the International Accounting Standards Board (“IASB”). The consolidated financial statements have been prepared on a historical cost basis, except for derivative financial liabilities, and equity financial assets that have been measured at fair value. The consolidated financial statements are presented in Chinese Yuan (“CNY”) and all values are rounded to the nearest thousand, except when otherwise indicated. US$ indicates U.S. dollars. BASIS OF CONSOLIDATION The consolidated financial statements comprise the financial statements of the Company and its subsidiaries for each of the three years in the period ended December 31, 2021. A subsidiary is an entity (including a structured entity), directly or indirectly, controlled by the Company. Control is achieved when the Group is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee (i.e., existing rights that give the Group the current ability to direct the relevant activities of the investee). When the Company has, directly or indirectly, less than a majority of the voting or similar right of an investee, the Group considers all relevant facts and circumstances in assessing whether it has power over an investee, including: (a) the contractual arrangement with the other vote holders of the investee; (b) rights arising from other contractual arrangements; and (c) the Group’s voting rights and potential voting rights. The financial statements of the subsidiaries are prepared for the same reporting period as the Company, using consistent accounting policies. The results of subsidiaries are consolidated from the date on which the Group obtains control and continue to be consolidated until the date that such control ceases. Profit or loss and each component of other comprehensive income are attributed to owners of the Company and to the non-controlling interests, even if this results in the non-controlling interests having a deficit balance. All intra-group assets and liabilities, equity, income, expenses and cash flows relating to transactions between members of the Group are eliminated in full on consolidation. The Group reassesses whether it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control above. A change in the ownership interest of a subsidiary, without a loss of control, is accounted for as an equity transaction. If the Group loses control over a subsidiary, it derecognizes (i) the assets (including goodwill) and liabilities of the subsidiary, (ii) the carrying amount of any non-controlling interest and (iii) the cumulative translation differences recorded in equity; and recognizes (i) the fair value of the consideration received, (ii) the fair value of any investment retained and (iii) any resulting surplus or deficit in profit or loss. The Group’s share of components previously recognized in other comprehensive income is reclassified to profit or loss or retained earnings, as appropriate, on the same basis as would be required if the Group had directly disposed of the related assets or liabilities. 2.3 CHANGES IN ACCOUNTING POLICIES AND DISCLOSURES The Group has adopted the following revised IFRSs for the first time for the current year’s consolidated financial statements: Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 Interest Rate Benchmark Reform - Phase 2 Amendment to IFRS 16 Covid-19-Related Rent Concessions beyond 30 June 2021 (early adopted) The nature and the impact of the revised IFRSs are described below: (a) Amendments to IFRS 9, International Accounting Standard (“IAS”) 39, IFRS 7, IFRS 4 and IFRS 16 address issues not dealt with in the previous amendments which affect financial reporting when an existing interest rate benchmark is replaced with an alternative risk-free rate (“RFR”). The amendments provide a practical expedient to allow the effective interest rate to be updated without adjusting the carrying amount of financial assets and liabilities when accounting for changes in the basis for determining the contractual cash flows of financial assets and liabilities if the change is a direct consequence of the interest-rate benchmark reform and the new basis for determining the contractual cash flows is economically equivalent to the previous basis immediately preceding the change. In addition, the amendments permit changes required by the interest-rate benchmark reform to be made to hedge designations and hedge documentation without the hedging relationship being discontinued. Any gains or losses that could arise on transition are dealt with through the normal requirements of IFRS 9 to measure and recognize hedge ineffectiveness. The amendments also provide a temporary relief to entities from having to meet the separately identifiable requirement when an RFR is designated as a risk component. The relief allows an entity, upon designation of the hedge, to assume that the separately identifiable requirement is met, provided the entity reasonably expects the RFR risk component to become separately identifiable within the next 24 months. Furthermore, the amendments require an entity to disclose additional information to enable users of financial statements to understand the effect of interest-rate benchmark reform on an entity’s financial instruments and risk management strategy. These amendments had no material impact on the consolidated financial statements of the Group. (b ) Amendment to IFRS 16 issued in March 2021 extends the availability of the practical expedient for lessees to elect not to apply lease-modification accounting for rent concessions arising as a direct consequence of the Covid-19 pandemic by 12 months. Accordingly, the practical expedient applies to rent concessions for which any reduction in lease payments affects only payments originally due on or before June 30, 2022, provided the other conditions for applying the practical expedient are met. The amendment is effective retrospectively for annual periods beginning on or after April 1, 2021 with any cumulative effect of initially applying the amendment recognized as an adjustment to the opening balance of retained profits at the beginning of the current accounting period. Earlier application is permitted. The amendment did not have any impact on the financial position and performance of the Group as there were no lease payments reduced or waived by the lessors as a result of the Covid-19 pandemic during the year. ISSUED BUT NOT YET EFFECTIVE INTERNATIONAL FINANCIAL REPORTING STANDARDS The Group has not applied the following new and revised IFRSs, that have been issued but are not yet effective, in these financial statements: Amendments to IFRS 3 Reference to the Conceptual Framework 1 Amendments to IFRS 10 and IAS 28 Sale or Contribution of Assets between an Investor and Its Associate or Joint Venture 3 IFRS 17 Insurance Contracts 2 Amendments to IFRS 17 Insurance Contracts 2,4 Amendments to IAS 1 Classification of Liabilities as Current or Non-current 2 Amendments to IAS 1 and IFRS Practice Statement 2 Disclosure of Accounting Policies 2 Amendments to IAS 8 Definition of Accounting Estimates 2 Amendments to IAS 12 Deferred Tax Related to Assets and Liabilities Arising from a Single Transaction 2 Amendments to IAS 16 Property, Plant and Equipment: Proceeds Before Intended Use 1 Amendments to IAS 37 Onerous Contracts - Cost of Fulfilling a Contract 1 Annual Improvements to IFRS Standards 2018-2020 Amendments to IFRS 1, IFRS 9, Illustrative Examples accompanying IFRS 16, and IAS 41 1 ——————— 1 Effective for annual periods beginning on or after January 1, 2022 2 Effective for annual periods beginning on or after January 1, 2023 3 No mandatory effective date yet determined but available for adoption 4 As a consequence of the amendments to IFRS 17 issued in June 2020, the effective date of IFRS 17 was deferred to January 1, 2023, and IFRS 4 was amended to extend the temporary exemption that permits insurers to apply IAS 39 rather than IFRS 9 for annual periods beginning before January 1, 2023 Further information about those IFRSs that are expected to be applicable to the Group is described below. (a) Amendments to IFRS 3 are intended to replace a reference to the previous Framework for the Preparation and Presentation of Financial Statements Conceptual Framework for Financial Reporting (b) Amendments to IFRS 10 and IAS 28 address an inconsistency between the requirements in IFRS 10 and in IAS 28 in dealing with the sale or contribution of assets between an investor and its associate or joint venture. The amendments require a full recognition of a gain or loss resulting from a downstream transaction when the sale or contribution of assets between an investor and its associate or joint venture constitutes a business. For a transaction involving assets that do not constitute a business, a gain or loss resulting from the transaction is recognized in the investor’s profit or loss only to the extent of the unrelated investor’s interest in that associate or joint venture. The amendments are to be applied prospectively. The previous mandatory effective date of amendments to IFRS 10 and IAS 28 was removed by the IASB in December 2015 and a new mandatory effective date will be determined after the completion of a broader review of accounting for associates and joint ventures. However, the amendments are available for adoption now. The amendments are not expected to have any significant impact on the Group’s financial statements. (c) Amendments to IAS 1 Classification of Liabilities as Current or Non-current (d) Amendments to IAS 8 introduce a new definition of accounting estimates. The amendments are designed to clarify the distinction between changes in accounting estimates and changes in accounting policies and the correction of errors. An entity shall apply these amendments for annual reporting periods beginning on or after January 1, 2023. Earlier application is permitted. An entity shall apply the amendments to changes in accounting estimates and changes in accounting policies that occur on or after the beginning of the first annual reporting period in which it applies the amendments. The Company is currently assessing the impact of the amendments on the Group’s financial statements. (e) Amendments to IAS 12 narrow the scope of the initial recognition exception so that it no longer applies to transactions that give rise to equal taxable and deductible temporary differences, such as leases and decommissioning obligations. Therefore, entities are required to recognize a deferred tax asset and a deferred tax liability for temporary differences arising from these transactions. The amendments are effective for annual reporting periods beginning on or after January 1, 2023 and shall be applied to transactions related to leases and decommissioning obligations at the beginning of the earliest comparative period presented, with any cumulative effect recognized as an adjustment to the opening balance of retained profits or other component of equity as appropriate at that date. In addition, the amendments shall be applied prospectively to transactions other than leases and decommissioning obligations. Earlier application is permitted. The Group has applied the initial recognition exception and did not recognize a deferred tax asset and a deferred tax liability for temporary differences for transactions related to leases. Upon initial application of these amendments, the Group will recognize a deferred tax asset and a deferred tax liability for deductible and taxable temporary differences associated with right-of-use assets and lease liabilities, and recognize the cumulative effect of initially applying the amendments as an adjustment to the opening balance of retained profits at the beginning of the earliest comparative period presented. (f) Amendments to IAS 16 prohibit an entity from deducting from the cost of an item of property, plant and equipment any proceeds from selling items produced while bringing that asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Instead, an entity recognizes the proceeds from selling any such items, and the cost of those items, in profit or loss. The amendments are effective for annual periods beginning on or after January 1, 2022 and shall be applied retrospectively only to items of property, plant and equipment made available for use on or after the beginning of the earliest period presented in the financial statements in which the entity first applies the amendments. Earlier application is permitted. The amendments are not expected to have any significant impact on the Group’s financial statements. (g) Amendments to IAS 37 clarify that for the purpose of assessing whether a contract is onerous under IAS 37, the cost of fulfilling the contract comprises the costs that relate directly to the contract. Costs that relate directly to a contract include both the incremental costs of fulfilling that contract (e.g., direct labor and materials) and an allocation of other costs that relate directly to fulfilling that contract (e.g., an allocation of the depreciation charge for an item of property, plant and equipment used in fulfilling the contract as well as contract management and supervision costs). General and administrative costs do not relate directly to a contract and are excluded unless they are explicitly chargeable to the counterparty under the contract. The amendments are effective for annual periods beginning on or after January 1, 2022 and shall be applied to contracts for which an entity has not yet fulfilled all its obligations at the beginning of the annual reporting period in which it first applies the amendments. Earlier application is permitted. Any cumulative effect of initially applying the amendments shall be recognized as an adjustment to the opening equity at the date of initial application without restating the comparative information. The amendments are not expected to have any significant impact on the Group’s financial statements. (h) Annual Improvements to IFRS Standards 2018-2020 · IFRS 9 Financial Instruments · IFRS 16 Leases

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2021
Summary Of Significant Accounting Policies
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2.5 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (a) Business combinations and goodwill Business combinations are accounted for using the acquisition method. The consideration transferred is measured at the acquisition date fair value which is the sum of the acquisition date fair values of assets transferred by the Group, liabilities assumed by the Group to the former owner of the acquiree and the equity interests issued by the Group in exchange for control of the acquiree. For each business combination, the Group elects whether to measure the non-controlling interests in the acquiree that are present ownership interests and entitle their holders to a proportionate share of net assets in the event of liquidation at fair value or at the proportionate share of the acquiree’s identifiable net assets. All other components of non-controlling interests are measured at fair value. Acquisition-related costs are expensed as incurred. The Group determines that it has acquired a business when the acquired set of activities and assets includes an input and a substantive process that together significantly contribute to the ability to create outputs. When the Group acquires a business, it assesses the financial assets and liabilities assumed for appropriate classification and designation in accordance with the contractual terms, economic circumstances and pertinent conditions as of the acquisition date. This includes the separation of embedded derivatives in host contracts of the acquiree. If the business combination is achieved in stages, the acquisition date fair value of the acquirer’s previously held equity interest in the acquiree is remeasured to fair value at the acquisition date through the consolidated statement of profit or loss. Any contingent consideration to be transferred by the acquirer is recognized at fair value at the acquisition date. Contingent consideration classified as an asset or liability is measured at fair value with changes in fair value recognized in profit or loss. If the contingent consideration is not within the scope of IAS 39, it is measured in accordance with the appropriate IFRSs. Contingent consideration that is classified as equity is not remeasured and subsequent settlement is accounted for within equity. Goodwill is initially measured at cost, being the excess of the aggregate of the consideration transferred, the amount recognized for non-controlling interests and any fair value of the Group’s previously held equity interests in the acquiree over the identifiable assets acquired and liabilities assumed. If the sum of this consideration and other items is lower than the fair value of the net assets of the subsidiary acquired, the difference is, after reassessment, recognized in the consolidated statement of profit or loss as a gain on bargain purchase. After initial recognition, goodwill is measured at cost less any accumulated impairment losses. Goodwill is tested for impairment annually or more frequently if events or changes in circumstances indicate that the carrying value may be impaired. The Group performs its annual impairment test of goodwill as of December 31. For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated to each of the Group’s cash-generating units, or groups of cash-generating units, that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the Group are assigned to those units or groups of units. Impairment is determined by assessing the recoverable amount of the cash-generating unit (group of cash-generating units) to which the goodwill relates. Where the recoverable amount of the cash-generating unit (group of cash-generating units) is less than the carrying amount, an impairment loss is recognized. An impairment loss recognized for goodwill is not reversed in a subsequent period. (a) Business combinations and goodwill (continued) Where goodwill has been allocated to a cash-generating unit (or group of cash-generating units) and part of the operation within that unit is disposed of, the goodwill associated with the operation disposed of is included in the carrying amount of the operation when determining the gain or loss on the disposal. Goodwill disposed of in these circumstances is measured based on the relative value of the operation disposed of and the portion of the cash-generating unit retained. (b) Fair value measurement The Group measures equity investments and derivative financial liabilities at fair value at the end of each reporting period. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either in the principal market for the asset or liability, or in the absence of a principal market, in the most advantageous market for the asset or liability. The principal or the most advantageous market must be accessible by the Group. The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their economic best interest. A fair value measurement of a non-financial asset takes into account a market participant’s ability to generate economic benefits by using the asset in its highest and best use or by selling it to another market participant that would use the asset in its highest and best use. The Group uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs. All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorized within the fair value hierarchy, described as follows, based on the lowest-level input that is significant to the fair value measurement as a whole: Level 1 – based on quoted prices (unadjusted) in active markets for identical assets or liabilities Level 2 – based on valuation techniques for which the lowest-level input that is significant to the fair value measurement is observable, either directly or indirectly Level 3 – based on valuation techniques for which the lowest-level input that is significant to the fair value measurement is unobservable For assets and liabilities that are recognized in the financial statements on a recurring basis, the Group determines whether transfers have occurred between levels in the hierarchy by reassessing categorization (based on the lowest-level input that is significant to the fair value measurement as a whole) at the end of each reporting period. (c) Related parties A party is considered to be related to the Group if: (1) the party is a person or a close member of that person’s family and that person (i) has control or joint control over the Group; (ii) has significant influence over the Group; or (iii) is a member of the key management personnel of the Group or of a parent of the Group; or (2) the party is an entity where any of the following conditions applies: (i) the entity and the Group are members of the same group; (ii) one entity is an associate or joint venture of the other entity (or of a parent, subsidiary or fellow subsidiary of the other entity); (iii) the entity and the Group are joint ventures of the same third party; (iv) one entity is a joint venture of a third entity and the other entity is an associate of the third entity; (v) the entity is a post-employment benefit plan for the benefit of employees of either the Group or an entity related to the Group; (vi) the entity is controlled or jointly controlled by a person identified in (1); (vii) a person identified in (1)(i) has significant influence over the entity or is a member of the key management personnel of the entity (or of a parent of the entity); and (viii) the entity, or any member of a group of which it is a part, provides key management personnel services to the Group or to the parent of the Group. (d) Property, plant and equipment and depreciation Property, plant and equipment comprise buildings, machinery and equipment, motor vehicles and office and other equipment. The cost of an item of property, plant and equipment comprises its purchase price and any directly attributable costs of bringing the asset to its working condition and location for its intended use. Buildings, machinery and equipment, motor vehicles and office and other equipment are stated at cost less accumulated depreciation and any impairment losses. Expenditures for routine repairs and maintenance are expensed as incurred. Depreciation for the following items is calculated on the straight-line basis over each asset’s estimated useful life down to the estimated residual value of each asset. Estimated useful lives are as follows: Schedule of Estimated Useful Life Buildings 8 – 35 years Machinery and equipment 3 – 15 years Motor vehicles 4 – 8 years Office and other equipment 4 – 8 years Residual values, useful Expenditure incurred after items of property, plant and equipment have been put into operation, such as repairs and maintenance, is normally charged to the statement of profit or loss in the period in which it is incurred. In situations where the recognition criteria are satisfied, the expenditure for a major inspection is capitalized in the carrying amount of the asset as a replacement. Where significant parts of property, plant and equipment are required to be replaced at intervals, the Group recognizes such parts as individual assets with specific useful lives and depreciates them accordingly. An item of property, plant and equipment including any significant part initially recognized is derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss on disposal or retirement recognized in the statement of profit or loss in the year the asset is derecognized is the difference between the net sales proceeds and the carrying amount of the relevant asset. (e) Intangible assets (other than goodwill) Intangible assets acquired separately are measured on initial recognition at cost. The cost of intangible assets acquired in a business combination is the fair value at the date of acquisition. The useful lives of intangible assets are assessed to be either finite or indefinite. Intangible assets with finite lives are subsequently amortized over the useful economic life and assessed for impairment whenever there is an indication that the intangible asset may be impaired. The amortization period and the amortization method for an intangible asset with a finite useful life are reviewed at least at each financial year end. The following intangible assets are amortized from the date they are available for use and their estimated useful lives are as follows: Concession right 28 Patents 18 Computer software 5 The useful life of the patents of the Group is determined based on the shorter of their statutory validity periods and the expected benefit periods. An intangible asset is derecognized on disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss arising upon derecognition (calculated as the difference between the net sale proceeds and the carrying amount of the relevant intangible asset) is included in the statement of profit or loss. (f) Leases The Group assesses at contract inception whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. Group as a lessee The Group applies a single recognition and measurement approach for all leases, except for short-term leases and leases of low-value assets. The Group recognizes lease liabilities for obligations to make lease payments and right-of-use assets representing the right to use the underlying assets. At inception or on reassessment of a contract that contains a lease component and a non-lease component, the Group adopts the practical expedient not to separate the non-lease component and to account for the lease component and the associated non-lease component (e.g., property management services for leases of properties) as a single lease component. (1) Right-of-use assets Right-of-use assets are recognized at the commencement date of the lease (that is, the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and any impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognized, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Right-of-use assets are depreciated on a straight-line basis over the shorter of the lease terms and the estimated useful lives of the assets as follows: Offices and warehouse 2 5 Motor vehicles 2 If ownership of the leased asset transfers to the Group by the end of the lease term or the cost reflects the exercise of a purchase option, depreciation is calculated using the estimated useful life of the asset. (2) Lease liabilities Lease liabilities are recognized at the commencement date of the lease at the present value of lease payments to be made over the lease term. The lease payments include fixed payments (including in-substance fixed payments) less any lease incentives receivable, variable lease payments that depend on an index or a rate, and amounts expected to be paid under residual value guarantees. The lease payments also include the exercise price of a purchase option reasonably certain to be exercised by the Group and payments of penalties for termination of a lease, if the lease term reflects the Group exercising the option to terminate the lease. The variable lease payments that do not depend on an index or a rate are recognized as an expense in the period in which the event or condition that triggers the payment occurs. In calculating the present value of lease payments, the Group uses its incremental borrowing rate at the lease commencement date because the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities is remeasured if there is a modification, a change in the lease term, a change in lease payments (e.g., a change to future lease payments resulting from a change in an index or rate) or a change in assessment of an option to purchase the underlying asset. (3) Short-term leases The Group applies the short-term lease recognition exemption to its short-term leases of buildings (that is those leases that have a lease term of 12 months or less from the commencement date and do not contain a purchase option). Lease payments on short-term leases are recognized as an expense on a straight-line basis over the lease term. (g) Exploration and evaluation costs Exploration and evaluation assets include topographical and geological surveys, exploratory drilling, sampling and trenching and activities in relation to commercial and technical feasibility studies, and expenditure incurred to secure further mineralization in existing bodies and to expand the capacity of a mine. Expenditure incurred prior to acquiring legal rights to explore an area is expensed as incurred. Once the exploration right has been acquired, exploration and evaluation expenditures are charged to the consolidated statement of profit or loss as , unless a future economic benefit is more likely than not to be realized. Exploration and evaluation assets acquired in a business combination are initially recognized at fair value. They are subsequently stated at cost less accumulated impairment. When it can be reasonably ascertained that a mining property is capable of commercial production, exploration and evaluation costs are transferred to tangible or intangible assets according to the nature of the exploration and evaluation assets. If any project is abandoned during the evaluation stage, the total expenditure thereon will be written off. (h) Impairment of non-financial assets Where an indication of impairment exists, or when annual impairment testing for an asset is required (other than inventories, financial assets, deferred tax assets and contract assets), the asset’s recoverable amount is estimated. An asset’s recoverable amount is the higher of the asset’s or cash-generating unit’s value in use and its fair value less costs of disposal, and is determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or groups of assets, in which case the recoverable amount is determined for the cash-generating unit to which the asset belongs. In testing a cash-generating unit for impairment, a portion of the carrying amount of a corporate asset (e.g., a headquarters building) is allocated to an individual cash-generating unit if it can be allocated on a reasonable and consistent basis or, otherwise, to the smallest group of cash-generating units. An impairment loss is recognized only if the carrying amount of an asset exceeds its recoverable amount. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. An impairment loss is charged to the statement of profit or loss in the period in which it arises in those expense categories consistent with the function of the impaired asset. An assessment is made at the end of each reporting period as to whether there is an indication that previously recognized impairment losses may no longer exist or may have decreased. If such an indication exists, the recoverable amount is estimated. A previously recognized impairment loss of an asset other than goodwill is reversed only if there has been a change in the estimates used to determine the recoverable amount of that asset, but not to an amount higher than the carrying amount that would have been determined (net of any depreciation/amortization) had no impairment loss been recognized for the asset in prior years. A reversal of such an impairment loss is credited to the statement of profit or loss in the period in which it arises. (i) Investments and other financial assets Initial recognition and measurement Financial assets are classified, at initial recognition, as subsequently measured at amortized cost, fair value through other comprehensive income, and fair value through profit or loss. The classification of financial assets at initial recognition depends on the financial asset’s contractual cash flow characteristics and the Group’s business model for managing them. With the exception of trade receivables that do not contain a significant financing component or for which the Group has applied the practical expedient of not adjusting the effect of a significant financing component, the Group initially measures a financial asset at its fair value, plus in the case of a financial asset not at fair value through profit or loss, transaction costs. Trade receivables that do not contain a significant financing component or for which the Group has applied the practical expedient are measured at the transaction price determined under IFRS 15 in accordance with the policies set out in Note 2.5 (aa) In order for a financial asset to be classified and measured at amortized cost or fair value through other comprehensive income, it needs to give rise to cash flows that are solely payments of principal and interest (“SPPI”) on the principal amount outstanding. Financial assets with cash flows that are not SPPI are classified and measured at fair value through profit or loss, irrespective of the business model. The Group’s business model for managing financial assets refers to how it manages its financial assets in order to generate cash flows. The business model determines whether cash flows will result from collecting contractual cash flows, selling the financial assets, or both. Financial assets classified and measured at amortized cost are held within a business model with the objective to hold financial assets in order to collect contractual cash flows, while financial assets classified and measured at fair value through other comprehensive income are held within a business model with the objective of both holding to collect contractual cash flows and selling. Financial assets which are not held within the aforementioned business models are classified and measured at fair value through profit or loss. All regular way purchases and sales of financial assets are recognized on the trade date, that is, the date that the Group commits to purchase or sell the asset. Regular way purchases or sales are purchases or sales of financial assets that require delivery of assets within the period generally established by regulation or convention in the marketplace. Subsequent measurement The subsequent measurement of financial assets depends on their classification as follows: Financial assets at amortized cost (debt instruments) Financial assets at amortized cost are subsequently measured using the effective interest method and are subject to impairment. Gains and losses are recognized in the statement of profit or loss when the asset is derecognized, modified or impaired. Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss are carried in the statement of financial position at fair value with net changes in fair value recognized in the statement of profit or loss. This category includes derivative instruments and equity investments which the Group had not irrevocably elected to classify at fair value through other comprehensive income. Dividends on equity investments classified as financial assets at fair value through profit or loss are also recognized as other income in the consolidated statement of profit or loss when the right of payment has been established, it is probable that the economic benefits associated with the dividend will flow to the Group and the amount of the dividend can be measured reliably. (j) Derecognition of financial assets A financial asset (or, where applicable, a part of a financial asset or part of a group of similar financial assets) is primarily derecognized (i.e., removed from the Group’s consolidated statement of financial position) when: • the rights to receive cash flows from the asset have expired; or • the Group has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in full without material delay to a third party under a “pass-through” arrangement; and either (a) the Group has transferred substantially all the risks and rewards of the asset, or (b) the Group has neither transferred nor retained substantially all the risks and rewards of the asset but has transferred control of the asset. When the Group has transferred its rights to receive cash flows from an asset or has entered into a pass-through arrangement, it evaluates if, and to what extent, it has retained the risk and rewards of ownership of the asset. When it has neither transferred nor retained substantially all the risks and rewards of the asset nor transferred control of the asset, the Group continues to recognize the transferred asset to the extent of the Group’s continuing involvement. In that case, the Group also recognizes an associated liability. The transferred asset and the associated liability are measured on a basis that reflects the rights and obligations that the Group has retained. Continuing involvement that takes the form of a guarantee over the transferred asset is measured at the lower of the original carrying amount of the asset and the maximum amount of consideration that the Group could be required to repay. (k) Impairment of financial assets The Group recognizes an allowance for expected credit losses (“ECLs”) for all debt instruments not held at fair value through profit or loss. ECLs are based on the difference between the contractual cash flows due in accordance with the contract and all the cash flows that the Group expects to receive, discounted at an approximation of the original effective interest rate. The expected cash flows will include cash flows from the sale of collateral held or other credit enhancements that are integral to the contractual terms. General approach ECLs are recognized in two stages. For credit exposures for which there has not been a significant increase in credit risk since initial recognition, ECLs are provided for credit losses that result from default events that are possible within the next 12 months (a 12-month ECL). For those credit exposures for which there has been a significant increase in credit risk since initial recognition, a loss allowance is required for credit losses expected over the remaining life of the exposure, irrespective of the timing of the default (a lifetime ECL). At each reporting date, the Group assesses whether the credit risk on a financial instrument has increased significantly since initial recognition. When making the assessment, the Group compares the risk of a default occurring on the financial instrument as of the reporting date with the risk of a default occurring on the financial instrument as of the date of initial recognition and considers reasonable and supportable information that is available without undue cost or effort, including historical and forward-looking information. The Group considers a financial asset in default based on historical patterns and the credit risk management practices of the Group. However, in certain cases, the Group may also consider a financial asset to be in default when internal or external information indicates that the Group is unlikely to receive the outstanding contractual amounts in full before taking into account any credit enhancements held by the Group. A financial asset is written off when there is no reasonable expectation of recovering the contractual cash flows. Financial assets at amortized cost excluding trade receivables and contract assets are subject to impairment under the general approach and they are classified within the following stages for measurement of ECLs except for trade receivables and contract assets which apply the simplified approach as detailed below: Stage 1 – Financial instruments for which credit risk has not increased significantly since initial recognition and for which the loss allowance is measured at an amount equal to 12-month ECLs Stage 2 – Financial instruments for which credit risk has increased significantly since initial recognition but that are not credit-impaired financial assets and for which the loss allowance is measured at an amount equal to lifetime ECLs Stage 3 – Financial assets that are credit-impaired at the reporting date (but that are not purchased or originated credit-impaired) and for which the loss allowance is measured at an amount equal to lifetime ECLs Simplified approach For trade receivables and contract assets including those containing a significant financing component, the Group applies the simplified approach in calculating ECLs. Therefore, the Group does not track changes in credit risk, but instead recognizes a loss allowance based on lifetime ECLs at each reporting date. The Group has established a provision matrix that is based on its historical credit loss experience, adjusted for forward-looking factors specific to the debtors and the economic environment. (l) Financial liabilities Initial recognition and measurement Financial liabilities are classified, at initial recognition, as financial liabilities at fair value through profit or loss, loans and borrowings, payables, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. All financial liabilities are recognized initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable transaction costs. The Group’s financial liabilities include trade payables, financial liabilities included in other payables and accruals, dividends payable, derivative financial liabilities, interest-bearing loans and borrowings, due to related companies and due to the shareholders. Subsequent measurement The subsequent measurement of financial liabilities depends on their classification as follows: Financial liabilities at fair value through profit or loss Financial liabilities at fair value through profit or loss include financial liabilities held for trading and financial liabilities designated upon initial recognition as at fair value through profit or loss. Financial liabilities are classified as held for trading if they are incurred for the purpose of repurchasing in the near term. This category also includes derivative financial instruments entered into by the Group that are not designated as hedging instruments in hedge relationships as defined by IFRS 9. Separated embedded derivatives are also classified as held for trading unless they are designated as effective hedging instruments. Gains or losses on liabilities held for trading are recognized in the statement of profit or loss. The net fair value gain or loss recognized in the statement of profit or loss does not include any interest charged on these financial liabilities. Financial liabilities designated upon initial recognition as at fair value through profit or loss are designated at the initial date of recognition, and only if the criteria in IFRS 9 are satisfied. Gains or losses on liabilities designated at fair value through profit or loss are recognized in the statement of profit or loss, except for the gains or losses arising from the Group’s own credit risk which are presented in other comprehensive income with no subsequent reclassification to the statement of profit or loss. The net fair value gain or loss recognized in the statement of profit or loss does not include any interest charged on these financial liabilities. Financial liabilities at amortized cost After initial recognition, lease liabilities are subsequently measured at amortized cost, using the effective interest rate method unless the effect of discounting would be immaterial, in which case they are stated at cost. Gains and losses are recognized in the statement of profit or loss when the liabilities are derecognized as well as through the effective interest rate amortization process. Amortized cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the effective interest rate. The effective interest rate amortization is included in finance costs in the statement of profit or loss. (m) Derecognition of financial liabilities A financial liability is derecognized when the obligation under the liability is discharged or cancelled, or expires. When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as a derecognition of the original liability and a recognition of a new liability, and the difference between the respective carrying amounts is recognized in the statement of profit or loss. (n) Offsetting of financial instruments Financial assets and financial liabilities are offset and the net amount is reported in the statement of financial position if there is a currently enforceable legal right to offset the recognized amounts and there is an intention to settle on a net basis, or to realize the assets and settle the liabilities simultaneously. (o) Inventories Inventories include materials and spare parts and are stated at the lower of cost and net realizable values. Cost is determined on a weighted average cost basis and comprises costs of purchase and transportation costs. Net realizable values are based on the estimated selling expenses less any estimated cost to be incurred to completion and disposal. (p) Cash and cash equivalents For the purpose of the consolidated statement of cash flows, cash an

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2021
Segment Information
SEGMENT INFORMATION	SEGMENT INFORMATION Operating segments are identified on the basis of internal reports about components of the Group that are regularly reviewed by the Group’s management and the Company’s board of Directors for the purpose of resource allocation and performance assessment. Management assesses the performance of operating segments based on profit or loss before income tax in related periods. The manner of assessment is consistent with that applied in these financial statements. As of December 31, 2021, the Group’s two reportable operating segments are summarized below: - Wastewater treatment segment, which consists of sales of assembled equipment, provision of construction service and participating in PPP projects as operator; - Exploration and mining segment, which consists of the exploration of lead, silver and other metals in the Inner Mongolia Autonomous Region of the PRC and the trading of copper ores products; Deferred tax assets, income tax payable and deferred tax liabilities are excluded from segment assets and segment liabilities. The Group had neither sales of products nor provisions of services between the operating segments. For the year ended December 31, 2019, the segment results were as follows: Schedule of Segment Results Year Ended December 31, 2019 (As adjusted) Wastewater treatment Exploration and mining Corporate activities Total CNY CNY CNY CNY Revenues from external customers 134,210 12,969 — 147,179 Segment loss before income tax (43,557 ) (964 ) (4,781 ) (49,302 ) Income tax benefit 1,374 Loss for the year (47,928 ) Other items Depreciation of property, plant and equipment (468 ) (62 ) (4 ) (534 ) Depreciation of right of use assets (629 ) (34 ) (1,153 ) (1,816 ) Amortization of intangible assets (1,185 ) — — (1,185 ) Impairment losses on financial assets - Trade receivables (7,673 ) — — (7,673 ) - Contract assets (33 ) — — (33 ) - Amounts due from related companies (1,109 ) — (552 ) (1,661 ) Impairment loss on intangible assets (16,662 ) — — (16,662 ) Impairment loss on goodwill (31,478 ) — — (31,478 ) Other income 1,430 — 1 1,431 Finance costs (273 ) (2 ) (65 ) (340 ) Finance income 12,792 1 15 12,808 As of December 31, 2019 (As adjusted) Segment assets 335,858 4,268 51,702 391,828 Unallocated assets: Deferred tax assets 3,132 Total assets 394,960 Segment liabilities 121,318 6,560 77,070 204,948 Unallocated liabilities: Deferred tax liabilities 150 Income tax payable 24,161 Total liabilities 229,259 For the year ended December 31, 2020, the segment results were as follows: Year Ended December 31, 2020 (As adjusted) Wastewater treatment Exploration and mining Corporate activities Total CNY CNY CNY CNY Revenues from external customers 35,631 6,867 — 42,498 Segment (loss)/profit before income tax (112 ) (682 ) 24,973 24,179 Income tax expense (1,258 ) Profit for the year 22,921 Other items Depreciation of property, plant and equipment (500 ) (62 ) (3 ) (565 ) Depreciation of right of use assets (687 ) — (976 ) (1,663 ) Amortization of intangible assets (156 ) — — (156 ) Impairment (losses)/reversal on financial assets - Trade receivables (4,544 ) — — (4,544 ) - Contract assets (172 ) — — (172 ) - Amounts due from related companies 334 — 220 554 Fair value gain on financial instrument — — 31,334 31,334 Other income 1,415 200 1 1,616 Finance costs (3,687 ) (1 ) (61 ) (3,749 ) Finance income 15,449 1 18 15,468 As of December 31, 2020 (As adjusted) Segment assets 337,050 39 190,047 527,136 Unallocated assets: Deferred tax assets 2,920 Total assets 530,056 Segment liabilities 116,140 3,013 90,066 209,219 Unallocated liabilities: Deferred tax liabilities 10,426 Income tax payable 18,612 Total liabilities 238,257 For the year ended December 31, 2021, the segment results were as follows: Year Ended December 31, 2021 Wastewater treatment Exploration and mining Corporate activities Total CNY CNY CNY CNY Revenues from external customers 18,735 — — 18,735 Segment loss before income tax (7,216 ) (161 ) (45,459 ) (52,836 ) Income tax expense (2,135 ) Loss for the year (54,971 ) Other items Depreciation of property, plant and equipment (445 ) (62 ) (3 ) (510 ) Depreciation of right of use assets (647 ) — (719 ) (1,366 ) Amortization of intangible assets (884 ) — — (884 ) Impairment (losses)/reversal on financial assets - Trade receivables (3,840 ) — — (3,840 ) - Contract assets (357 ) — — (357 ) - Other receivables — — (239 ) (239 ) - Amounts due from related companies 775 — 331 1,106 Fair value loss on financial instruments, net — — (38,349 ) (38,349 ) Other (losses)/income (782 ) 600 (1 ) (183 ) Finance costs (4,192 ) (1 ) (166 ) (4,359 ) Finance income 13,537 1 3,397 16,935 As of December 31, 2021 Segment assets 390,895 321 22,166 413,382 Reconciliation: Elimination of inter-segment receivables (80,000 ) Unallocated assets: Deferred tax assets 66 Total assets 333,448 Segment liabilities 113,124 3,294 103,195 219,613 Reconciliation: Elimination of inter-segment payables (80,000 ) Unallocated liabilities: Deferred tax liabilities 2,544 Income tax payable 9,254 Total liabilities 151,411 For the year ended December 31, 2021, the segment results were as follows (continued): Year Ended December 31, 2021 Wastewater treatment Exploration and mining Corporate activities Total US$ US$ US$ US$ Revenues from external customers 2,948 — — 2,948 Segment loss before income tax (1,135 ) (25 ) (7,153 ) (8,313 ) Income tax expense (336 ) Loss for the year (8,649 ) Other items Depreciation of property, plant and equipment (70 ) (10 ) — (80 ) Depreciation of right of use assets (102 ) — (113 ) (215 ) Amortization of intangible assets (139 ) — — (139 ) Impairment (losses)/reversal on financial assets - Trade receivables (604 ) — — (604 ) - Contract assets (56 ) — — (56 ) - Other receivables — — (38 ) (38 ) - Amounts due from related companies 122 — 52 174 Other (losses)/income (123 ) 94 — (29 ) Fair value loss on financial instruments, net — — (6,034 ) (6,034 ) Finance costs (660 ) — (26 ) (686 ) Finance income 2,131 — 534 2,665 As of December 31, 2021 Segment assets 61,501 51 3,487 65,039 Reconciliation: Elimination of inter-segment receivables (12,587 ) Unallocated assets: Deferred tax assets 10 Total assets 52,462 Segment liabilities 17,798 518 16,235 34,551 Reconciliation: Elimination of inter-segment payables (12,587 ) Unallocated liabilities: Deferred tax liabilities 401 Income tax payable 1,456 Total liabilities 23,821 Geographical information (a) Non-current assets Schedule of Non-current assets December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) Mainland China 4,327 22,905 3,603 Hong Kong 1,079 360 57 Total 5,406 23,265 3,660 The non-current assets information above is based on the locations of the assets and excludes financial instruments and deferred tax assets. Information about major customers For the year ended December 31, 2019, revenue of approximately CNY 90,917 For the year ended December 31, 2020, revenue of approximately CNY 24,405 6,867 For the year ended December 31, 2021, revenue of approximately CNY 6,349 5,915

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	12 Months Ended
	Dec. 31, 2021
Revenue From Contracts With Customers
REVENUE FROM CONTRACTS WITH CUSTOMERS	4. REVENUE FROM CONTRACTS WITH CUSTOMERS Revenue from contracts with customers Year Ended December 31, 2019 (As adjusted) Wastewater treatment Exploration and mining Total CNY CNY CNY Segments Type of goods or services Sales of copper ores — 12,969 12,969 Sales of water treatment equipment 2,275 — 2,275 Construction contract revenue 37,773 — 37,773 Operation and maintenance services 3,245 — 3,245 Operation services of service concession arrangement 2,295 — 2,295 Construction services of service concession arrangement 88,622 — 88,622 Total revenue from contracts with customers 134,210 12,969 147,179 Geographic market Mainland China 134,210 12,969 147,179 Timing of revenue recognition At a point in time 2,275 12,969 15,244 Over time 131,935 — 131,935 Total revenue from contracts with customers 134,210 12,969 147,179 Year Ended December 31, 2020 (As adjusted) Wastewater treatment Exploration and mining Total CNY CNY CNY Segments Type of goods or services Sales of copper ores — 6,867 6,867 Construction contract revenue 7,665 — 7,665 Operation and maintenance services 3,561 — 3,561 Operation services of service concession arrangement 2,295 — 2,295 Construction services of service concession arrangement 22,110 — 22,110 Total revenue from contracts with customers 35,631 6,867 42,498 Geographic market Mainland China 35,631 6,867 42,498 Timing of revenue recognition At a point in time — 6,867 6,867 Over time 35,631 — 35,631 Total revenue from contracts with customers 35,631 6,867 42,498 Year Ended December 31, 2021 Wastewater treatment Exploration and mining Total Total CNY CNY CNY US$ Segments Type of goods or services Construction contract revenue 12,203 — 12,203 1,920 Operation and maintenance services 183 — 183 29 Operation services of service concession arrangement 5,953 — 5,953 937 Construction services of service concession arrangement 396 — 396 62 Total revenue from contracts with customers 18,735 — 18,735 2,948 Geographic market Mainland China 18,735 — 18,735 2,948 Timing of revenue recognition Over time 18,735 — 18,735 2,948 Total revenue from contracts with customers 18,735 — 18,735 2,948 (i) Disaggregated revenue information As described in Note 2.5(aa) to the financial statements, revenue from construction contract revenue, operation and maintenance services, operation services of service concession arrangements, and construction services of service concession arrangements are recognized over time. Revenue from sales of and copper ores is recognized at a point in time. (ii) Performance obligation The amounts of transaction prices allocated to the remaining performance obligations (unsatisfied or partially unsatisfied) as of December 31 are as follows: Performance Obligation Year Ended December 31, 2019 2020 2021 2021 CNY CNY CNY US$ (As adjusted) (As adjusted) Amounts expected to be recognized as revenue: Within one year 29,383 10,201 17,774 2,797 After one year 202,515 192,314 183,114 28,810 Amounts expected in Revenues 231,898 202,515 200,888 31,607 The amounts of transaction prices allocated to the remaining performance obligations which are expected to be recognized as revenue after one year relate to construction services, operation services and other services, of which the performance obligations are to be satisfied within 28 years. The amounts disclosed above do not include variable consideration, which is constrained. The Group has applied the practical expedient under IFRS 15 and does not include information about revenue that the Group will be entitled to when it satisfies the remaining performance obligations for contracts with an original expected duration of one year or less. (iii) Significant financing components The majority of the Group’s customers are town/village government entities or main contractors of governmental infrastructure projects whose time of payment for the service or goods received from the Group depends on the appropriation and approval of funds. Certain customers for construction services, sales of wastewater treatment equipment, and maintenance services will generally settle the amounts owed to the Group in a number of specified installments covering periods ranging from one year to five years. Therefore, the Group’s management considers the contracts with customers which are town/village government entities or main contractors of the governmental infrastructure projects as containing a significant financing component. For each of the three years ended December 31, 2019, 2020, and 2021, the respective revenue considerations were adjusted for this financing component based on an imputed interest rate of 4.75% per annum and the Group’s revenue was adjusted to CNY 3,300 (as adjusted), CNY991 (as adjusted) and CNY1,631(US$ 257), respectively. The interest income related to the significant financing components is disclosed in Note 5 to the financial statements.

FINANCE INCOME AND COSTS

FINANCE INCOME AND COSTS	12 Months Ended
	Dec. 31, 2021
Finance Income And Costs
FINANCE INCOME AND COSTS	5. FINANCE INCOME AND COSTS Finance income and costs Year Ended December 31, 2019 2020 2021 2021 CNY CNY CNY US$ (As adjusted) (As adjusted) Finance income Interest income on loans to related parties/ a third party 6,581 6,455 6,780 1,066 Interest income on revenue contracts with significant financing component 3,735 3,161 2,313 365 Interest income from service concession arrangement 2,276 4,977 7,264 1,143 Interest income on structured deposits — 660 328 52 Interest income on bank deposit 216 215 250 39 Finance income 12,808 15,468 16,935 2,665 Finance costs Interest expenses on loans 345 4,028 4,035 635 Interest expense on lease liabilities 102 80 150 24 Other finance costs (43 ) 292 231 36 Less: interest expense capitalized into intangible assets-concession right* (64 ) (651 ) (57 ) (9 ) Finance costs 340 3,749 4,359 686 * The borrowing costs have been capitalized at a rate of 5.05% per annum during the years ended December 31, 2019 and 2020.

(LOSS)_PROFIT BEFORE INCOME TAX

(LOSS)/PROFIT BEFORE INCOME TAX	12 Months Ended
	Dec. 31, 2021
Lossprofit Before Income Tax
(LOSS)/PROFIT BEFORE INCOME TAX	6. (LOSS)/PROFIT BEFORE INCOME TAX The Group’s (loss)/ profit before tax is arrived at after (crediting)/charging: Schedule of profit before tax is arrived at after (crediting)/charging Year Ended December 31, 2019 2020 2021 2021 CNY CNY CNY US$ (As adjusted) (As adjusted) Crediting: Finance income (Note 5) (12,808 ) (15,468 ) (16,935 ) (2,665 ) Charging: Cost of sales - Sales of copper ores 12,752 6,854 — — - Sales of water treatment equipment 1,189 — — — - Construction service 31,982 6,479 12,876 2,027 - Operation and maintenance services 2,821 3,177 162 25 - Operation services related to service concession arrangement 3,716 3,878 5,067 797 - Construction services related to service concession arrangement 79,681 18,827 389 61 Cost of sales 132,141 39,215 18,494 2,910 Depreciation - Property, plant and equipment (Note 11) 534 565 510 80 - Right-of-use assets (Note 14) 1,816 1,663 1,366 215 Amortization of intangible assets* (Note 12) 1,185 156 884 139 Expense relating to short-term leases 445 496 601 95 Impairment losses/(reversal) on financial assets: - Trade receivables 7,673 4,544 3,840 604 - Contract assets 33 172 357 56 - Other receivables — — 239 38 - Amounts due from related companies 1,661 (554 ) (1,106 ) (174 ) Impairment loss on intangible assets (Note 13) 16,662 — — — Impairment loss on goodwill (Note 13) 31,478 — — — Fair value (gain)/loss on financial instruments: - Financial assets at fair value through profit or loss (Note 22 (a)) — (31,334 ) 45,816 7,209 - Derivative financial liabilities (Note 22 (b)) — — (7,467 ) (1,175 ) Issuance expense related to placement — — 1,579 248 Other (income)/losses (1,431 ) (1,616 ) 183 29 Finance costs (Note 5) 340 3,749 4,359 686 Employee benefit expenses* (Note 7) 15,395 11,412 11,496 1,809 * The employee benefit expenses and amortization of intangible assets for the year are included in “Cost of sales” and “Administrative expenses” on the face of the consolidated statement of profit or loss.

EMPLOYEE BENEFITS

EMPLOYEE BENEFITS	12 Months Ended
	Dec. 31, 2021
Employee Benefits
EMPLOYEE BENEFITS	7. EMPLOYEE BENEFITS The Group’s employee benefits comprise the following: Schedule of Employee Benefits Year Ended December 31, 2019 2020 2021 2021 CNY CNY CNY US$ (As adjusted) (As adjusted) Wages, salaries and allowances 12,371 9,680 9,302 1,464 Housing funds (a) 405 331 415 65 Contribution to pension plans (a) 1,718 518 1,493 235 Welfare and other expenses 1,038 972 333 52 Less: employee benefit expenses capitalized into intangible assets-concession right (137 ) (89 ) (47 ) (7 ) Total employee benefits 15,395 11,412 11,496 1,809 (a) According to the PRC state regulations, the employees of the Group’s subsidiaries which operate in Mainland China are required to participate in a central pension scheme operated by the local municipal government and government-sponsored housing funds. These subsidiaries are required to contribute a certain percentage of their payroll costs for those qualified urban employees to the central pension scheme as well as the housing funds. Employee benefit expenses include remuneration payables to Directors and senior management as set out in Note 26(e).

INCOME TAX (BENEFIT)_EXPENSE

INCOME TAX (BENEFIT)/EXPENSE	12 Months Ended
	Dec. 31, 2021
Income Tax Benefitexpense
INCOME TAX (BENEFIT)/EXPENSE	8. INCOME TAX (BENEFIT)/EXPENSE The Company is incorporated in the BVI and conducts its primary business operations through its subsidiaries in the PRC. It also has intermediate holding companies in the BVI and Hong Kong. Under the current laws of the BVI, the Company and its subsidiaries incorporated in the BVI are not subject to tax on income or capital gains. The Hong Kong Profits Tax rate is 16.50%. The Company’s Hong Kong subsidiaries have both Hong Kong–sourced and non-Hong Kong–sourced income. The latter is not subject to Hong Kong Profits Tax and the related expenses are non-tax-deductible. For the Hong Kong–sourced income, no provision for Hong Kong Profits Tax was made as such operations sustained tax losses during China Under the Law of the PRC on corporate income tax and the Implementation Regulation of the Corporate Income Tax Law (collectively, the “CIT Law”), the Company’s PRC subsidiaries are generally subject to PRC corporate income tax at the statutory rate of 25% on their respective estimated assessable profits for the years ended December 31, 2019, 2020 and 2021. Certain PRC subsidiaries of the Company engaged in environmental protection projects were subject to tax at a preferential tax rate of 12.5% or fully exempted from income tax according to the preferential policy of CIT law for the years ended December 31, 2019, 2020 and 2021. Under the prevailing CIT Law and its relevant regulations, any dividends paid by the Company’s PRC subsidiaries from their earnings derived after January 1, 2008 to the Company’s Hong Kong subsidiaries are subject to a PRC dividend withholding tax of 5% or 10%, depending on the applicability of the Sino-Hong Kong tax treaty. The current and deferred components of income tax (benefit)/expense are as follows: Schedule of Current and Deferred Components of Income Tax Year Ended December 31, 2019 2020 2021 2021 CNY CNY CNY US$ (As adjusted) (As adjusted) Current income tax expense/(benefit) 3,817 (4,436 ) 2,294 361 Deferred income tax (benefit)/expense (5,191 ) (5,694 ) (159 ) (25 ) Total (1,374 ) 1,258 2,135 336 (Loss)/profit before income tax consists of the following: Schedule of Loss Before Income Tax from Continuing Operations Year Ended December 31, 2019 2020 2021 2021 CNY CNY CNY US$ (As adjusted) (As adjusted) PRC (45,335 ) (1,214 ) (4,669 ) (734 ) BVI (3,824 ) 25,442 (48,106 ) (7,569 ) Hong Kong (143 ) (49 ) (61 ) (10 ) Total (loss)/profit before income tax for the year (49,302 ) 24,179 (52,836 ) (8,313 ) A reconciliation of the income taxes computed at the PRC statutory tax rate of 25% to the actual income tax (benefit)/expense is as follows: Schedule of Reconciliation of Income Taxes from Continuing Operations Year Ended December 31, 2019 2020 2021 2021 CNY CNY CNY US$ (As adjusted) (As adjusted) (Loss)/profit before income tax for the year (49,302 ) 24,179 (52,836 ) (8,313 ) Tax at the statutory tax rate 25 % 25 % 25 % 25 % Computed income tax (benefit)/expense (12,325 ) 6,045 (13,209 ) (2,078 ) Effect of different tax rates of the Company and certain subsidiaries 966 (1,186 ) 6,937 1,091 Tax losses with no deferred tax assets recognized 468 1,067 1,770 278 Non-deductible expenses - Impairment of goodwill 7,870 — — — - Other non-deductible expenses 153 196 122 19 Deductibility of statutory income/(expense) 1,117 (903 ) — — Utilization of previously unrecognized deductible temporary differences — (50 ) (150 ) (24 ) Write-off of unrecoverable deferred tax assets previously recognized — — 2,987 470 Preferential tax rate 360 2,038 2,215 348 Current and deferred tax rate differences (436 ) (488 ) — — Others* 453 (5,461 )* 1,463 232 Income tax (benefit)/expense (1,374 ) 1,258 2,135 336 * It mainly represents the reversal of a prior withholding CIT payable which is no longer required to be paid according to the prevailing Regulations for Implementing the Corporate Income Tax Law of the PRC and penalties for overdue income tax payment. The Company’s provision for income tax related to uncertain tax position including in the tax payables for the years ended December 31, 2019, 2020 and 2021 was as follows: Schedule of Deferred Tax Liabilities Year Ended December 31, 2019 2020 2021 2021 CNY CNY CNY US$ (As adjusted) (As adjusted) As of January 1 4,042 7,319 8,378 1,318 Additions based on tax positions 3,277 1,059 — — As of December 31 7,319 8,378 8,378 1,318 The Group’s uncertain tax positions arose from a temporary inconsistency between the tax filings of the Company’s subsidiary Shanghai Onway and the CIT laws regarding effective tax holiday periods, non-exemptible revenue, and additional research and development expenses deductions. The Group has recorded the tax provision based on the most likely amounts and included the amounts in the consolidated statement of financial position but has not made revisions to the tax filings.

(LOSS)_EARNINGS PER SHARE

(LOSS)/EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2021
Lossearnings Per Share
(LOSS)/EARNINGS PER SHARE	9. (LOSS)/EARNINGS PER SHARE Basic (loss)/earnings per share is calculated by dividing the (loss)/profit for the period attributable to ordinary equity holders of the Company by the weighted average number of common shares outstanding during the period. Diluted loss per share is calculated by dividing the (loss)/profit attributable to ordinary equity holders of the Company by the weighted average number of common shares outstanding during the period plus the weighted average number of common shares that would be issued on conversion of all outstanding dilutive securities into common shares. Basic and diluted net (loss)/earnings per share for the years ended December 31, 2019, 2020 and 2021 are as follows: Schedule of Basic and Diluted Loss Per Share Year Ended December 31, 2019 2020 2021 2021 CNY CNY CNY US$ (As adjusted) (As adjusted) (Loss)/ profit: (Loss)/ profit attributable to ordinary equity holders of the Company (43,042 ) 24,336 (48,152 ) (7,576 ) Number of shares: Weighted average number of common shares for basic and diluted loss per share: Basic and diluted 27,910,916 31,308,653 40,720,246 40,720,246 (Loss)/earnings per share: Basic and diluted (1.54 ) 0.78 (1.18 ) (0.19 ) The Company did not have any potential diluted shares for the years ended December 31, 2019 and 2020. For the year ended December 31, 2021, the effects of the outstanding warrants were anti-dilutive and excluded from the computation of diluted loss per share. Accordingly, the diluted (loss)/earnings per share amounts are the same as the basic (loss)/earnings per share amounts for all periods presented.

DIVIDEND

DIVIDEND	12 Months Ended
	Dec. 31, 2021
Dividend
DIVIDEND	10. DIVIDEND No dividend was paid or declared by the Company for the years ended December 31, 2019, 2020 and 2021. The Company’s subsidiary Shenzhen Qianhai declared a dividend amounting to CNY 5,048 794

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	12 Months Ended
	Dec. 31, 2021
Property, plant and equipment [abstract]
PROPERTY, PLANT AND EQUIPMENT	PROPERTY, PLANT AND EQUIPMENT Schedule of Property Plant and Equipment Machinery and Motor Office and other Buildings equipment vehicle equipment Total CNY CNY CNY CNY CNY ( As adjusted) Cost As of January 1, 2020 43 1,270 2,440 667 4,420 Additions 3 12 218 33 266 Disposal — — (130 ) — (130 ) Foreign exchange difference — (51 ) — — (51 ) As of December 31, 2020 46 1,231 2,528 700 4,505 Accumulated depreciation As of January 1, 2020 (3 ) (1,191 ) (1,298 ) (416 ) (2,908 ) Depreciation charge (3 ) (18 ) (439 ) (105 ) (565 ) Disposal — — 124 — 124 Foreign exchange difference (3 ) 50 — — 47 As of December 31, 2020 (9 ) (1,159 ) (1,613 ) (521 ) (3,302 ) Net book value As of January 1, 2020 40 79 1,142 251 1,512 As of December 31, 2020 37 72 915 179 1,203 Cost As of January 1, 2021 (As adjusted) 46 1,231 2,528 700 4,505 Additions — — — 28 28 Disposal — (28 ) (42 ) — (70 ) Foreign exchange difference — (26 ) — — (26 ) As of December 31, 2021 46 1,177 2,486 728 4,437 Accumulated depreciation As of January 1, 2021 (As adjusted) (9 ) (1,159 ) (1,613 ) (521 ) (3,302 ) Depreciation charge (3 ) (13 ) (441 ) (53 ) (510 ) Disposal — 24 40 — 64 Foreign exchange difference — 26 — — 26 (12 ) (1,122 ) (2,014 ) (574 ) (3,722 ) Net book value As of December 31, 2021 34 55 472 154 715 As of December 31, 2021 (US$) 6 10 73 23 112 There was no impairment loss on property, plant and equipment for the years ended December 31, 2019, 2020 and 2021.

INTANGIBLE ASSETS

INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2021
Intangible Assets
INTANGIBLE ASSETS	12. INTANGIBLE ASSETS Schedule of Intangible assets Patent Concession right Software Total CNY CNY CNY CNY (As adjusted) Cost As of January 1, 2020 22,878 — 274 23,152 Additions — — — — As of December 31, 2020 22,878 — 274 23,152 Accumulated amortization and impairment As of January 1, 2020 (22,273 ) — (80 ) (22,353 ) Amortization charge (115 ) — (41 ) (156 ) As of December 31, 2020 (22,388 ) — (121 ) (22,509 ) Net carrying amount As of January 1, 2020 605 — 194 799 As of December 31, 2020 490 — 153 643 Cost As of January 1, 2021 (As adjusted) 22,878 — 274 23,152 Transfer in — 20,430 — 20,430 As of December 31, 2021 22,878 20,430 274 43,582 Accumulated amortization and impairment As of January 1, 2021 (As adjusted) (22,388 ) — (121 ) (22,509 ) Amortization charge (105 ) (730 ) (49 ) (884 ) As of December 31, 2021 (22,493 ) (730 ) (170 ) (23,393 ) Net carrying amount As of December 31, 2021 385 19,700 104 20,189 As of December 31, 2021 (US$) 61 3,099 16 3,176 As of December 31, 2020 and 2021, the Group’s concession rights associated with the environmental water projects (comprising intangible asset, contract assets and trade receivables) with aggregate gross carrying amounts of CNY121,224 (as adjusted) and CNY129,437, respectively, were pledged to secure bank loans from Bank of Communications with outstanding balances of CNY80,000 (as adjusted) and CNY77,000, respectively. Please refer to Note 21 for further details. As a result of the long-term assets impairment assessment, an impairment loss amounting to CNY16,662 was recognized for intangible assets for the year ended December 31, 2019. Refer to Note 13 for further details, and there was no impairment loss on intangible assets for the years ended December 31, 2020 and 2021.

IMPAIRMENT OF GOODWILL AND INTA

IMPAIRMENT OF GOODWILL AND INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2021
Impairment Of Goodwill And Intangible Assets
IMPAIRMENT OF GOODWILL AND INTANGIBLE ASSETS	13. IMPAIRMENT OF GOODWILL AND INTANGIBLE ASSETS Impairment loss on goodwill and long-lived assets The goodwill amounting to CNY31,478 arising from the acquisition of the entire equity interest in Shanghai Onway in 2017 and was mainly attributable to the expected synergies from combining the operations of the Group and the acquiree. The goodwill was allocated to the wastewater treatment cash-generating units (“CGU”) which is also an operating and reportable segment. The Group performed its annual impairment test in December 2019. Additionally, the management considered that there were impairment indicators on the wastewater treatment CGU due to the regional market saturation of the wastewater treatment sector which may lead to a decline in business volume and profitability of the wastewater treatment CGU. The recoverable amount of the wastewater treatment CGU as of December 31, 2019 was determined based on a value in use calculation using cash flow projections from financial budgets approved by senior management covering a five-year period. The projected cash flows were updated to reflect the decreased business volume and profitability of the construction service and equipment sales of the wastewater treatment business. The pre-tax discount rate applied to cash flow projections was 12%, and cash flows beyond the five-year period were extrapolated using a 3.0% growth rate that is the same as the long-term average growth rate for the wastewater treatment industry. As a result of this analysis, management recognized an impairment of goodwill and intangible assets amounting to CNY31,478 and CNY16,662, respectively, for the year ended December 31, 2019. The impairment charge is recorded in impairment loss on goodwill and impairment loss on intangible assets, respectively in the statement of profit or loss.

LEASES

LEASES	12 Months Ended
	Dec. 31, 2021
Leases
LEASES	14. LEASES (a) Right-of-use assets The carrying amounts of the Group’s right-of-use assets and the movements during the years indicated are as follows: Schedule of Associated Lease Liabilities Motor vehicles Offices and warehouse Total CNY CNY CNY (As adjusted) As of January 1, 2020 — 1,142 1,142 Addition 490 3,591 4,081 Depreciation charge (82 ) (1,581 ) (1,663 ) As of December 31, 2020 408 3,152 3,560 As of January 1, 2021 (As adjusted) 408 3,152 3,560 Addition — 157 157 Depreciation charge (163 ) (1,203 ) (1,366 ) As of December 31, 2021 245 2,106 2,351 As of December 31, 2021 (US$) 39 331 370 There was no impairment loss on right-of-use assets for the years ended December 31, 2019, 2020 and 2021. (b) Lease liabilities Schedule of Lease Liabilities Motor vehicles Offices and warehouse Total CNY CNY CNY (As adjusted) As of January 1, 2020 — 1,238 1,238 Addition 490 3,591 4,081 Accretion of interest recognized during the year 12 68 80 Payments — (1,849 ) (1,849 ) As of December 31, 2020 502 3,048 3,550 Analyzed into: Current portion 163 1,219 1,382 Non-current portion 339 1,829 2,168 Motor vehicles Offices and warehouse Total CNY CNY CNY As of January 1, 2021(As adjusted) 502 3,048 3,550 Addition — 102 102 Accretion of interest recognized during the year 17 133 150 Payments (364 ) (1,249 ) (1,613 ) As of December 31, 2021 155 2,034 2,189 Analyzed into: Current portion 155 826 981 Non-current portion — 1,208 1,208 As of December 31, 2021 (US$) 24 321 345 Current portion (US$) 24 130 154 Non-current portion (US$) — 191 191 (c) Lease-related expenses The amounts recognized in profit or loss in relation to leases are as follows: Schedule of Maturity Analysis of Operating Lease Payments Year Ended December 31, 2019 2020 2021 2021 CNY CNY CNY US$ (As adjusted) (As adjusted) Depreciation expense of right-of-use assets 1,816 1,663 1,366 215 Interest on lease liabilities 102 80 150 24 Expense relating to short-term leases 445 496 601 95 Total amounts recognized in profit or loss 2,363 2,239 2,117 334 (d) The total cash outflow for leases is disclosed in Note 32(c) to the financial statements.

TRADE AND BILLS RECEIVABLE

TRADE AND BILLS RECEIVABLE	12 Months Ended
	Dec. 31, 2021
Trade And Bills Receivable
TRADE AND BILLS RECEIVABLE	15. TRADE AND BILLS RECEIVABLE Schedule of Trade Receivables December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) Non-current Trade receivables from third parties 35,481 17,033 2,680 Less: Impairment allowance (3,805 ) (7,532 ) (1,185 ) Total of Non-current trade receivables 31,676 9,501 1,495 Current Trade receivables from third parties 39,660 51,608 8,119 Less: Impairment allowance (9,969 ) (10,082 ) (1,586 ) Total of current trade receivables 29,691 41,526 6,533 Bills receivable 80 — — Total 61,447 51,027 8,028 The Group’s trade receivables arise from the provision of construction services for wastewater treatment projects, sale of wastewater treatment equipment, and operation service of the service concession arrangement. The majority of the Group’s customers are town/village government entities or main contractors of the governmental infrastructure projects whose time of payment for the service or goods received from the Group depend on the appropriation and approval of the fiscal funds. Accordingly, the Group granted various credit terms to different customers, depending on the nature and background of the customers and projects. The Group generally granted customers a credit period of one month to three months, except for some of the customers for construction services, sales of wastewater treatment equipment and maintenance services who will generally settle the amounts owed to the Group in a number of specified installments covering periods ranging from one year to five years. Apart from the trade receivables related to the service concession arrangement which bear no interest, the trade receivables of construction services, operation and maintenance services and sale of wastewater treatment equipment bear an imputed interest rate of 4.75% An aging analysis of the trade and bills receivables as of the end of the reporting period, based on the invoice date and net of loss allowance, is as follows: Schedule of Aging Analysis of Trade Payables December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) Within 1 year 12,167 19,026 2,994 Between 1-2 years 20,125 5,106 803 Between 2-3 years 18,794 12,796 2,013 Over 3 years 10,361 14,099 2,218 Total 61,447 51,027 8,028 The movement in the loss allowance for trade receivables during the years indicated are as follows: Schedule of loss allowance for trade receivables December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) Beginning of the year 9,230 13,774 2,167 Provision for expected credit loss, net 4,544 3,840 604 End of the year 13,774 17,614 2,771 The Group elected to apply the simplified approach for providing impairment for ECLs prescribed by IFRS 9, which permits the use of the lifetime expected loss provision for all trade receivables. To measure the ECLs, trade receivables were grouped based on the shared credit risk characteristics and the days past due. The ECLs below also incorporate forward-looking information. The impairment as of December 31, 2020 and 2021 was determined as follows: Schedule of impairment Past due Current Within 1 year 1-2 2-3 Over 3 Total As of December 31, 2020 (As adjusted): Expected credit loss rate 5 % 12 % 11 % 45 % 18 % Gross carrying amount (CNY) 5,166 7,273 22,826 21,043 18,833 75,141 Impairment allowances (CNY) 352 2,701 (i) 2,249 (ii) 8,472 (iii) 13,774 As of December 31, 2021: Expected credit loss rate 6 % 26 % 13 % 48 % 26 % Gross carrying amount (CNY) 3,670 16,311 6,865 14,712 27,083 68,641 Impairment allowances (CNY) 955 1,759 1,916 (ii) 12,984 (iii) 17,614 Impairment allowances (US$) 150 277 301 2,043 2,771 (i) The impairment allowances included an amount of CNY221 (as adjusted) as of December 31, 2020, for specific trade receivables which were considered to be in default due to conditions which indicated that the Group was unlikely to receive the outstanding contractual amounts in full. (ii) The impairment allowances included CNY1,035 (as adjusted) and CNY221 as of December 31, 2020 and 2021, respectively, for specific trade receivables which were considered to be in default due to conditions which indicated that the Group was unlikely to receive the outstanding contractual amounts in full. (iii) The impairment allowances included an amount of CNY5,055 (as adjusted) and CNY4,646 as of December 31, 2020 and 2021, respectively, for specific trade receivables which were considered to be in default due to conditions which indicated that the Group was unlikely to receive the outstanding contractual amounts in full.

CONTRACT ASSETS

CONTRACT ASSETS	12 Months Ended
	Dec. 31, 2021
Contract assets [abstract]
CONTRACT ASSETS	16. CONTRACT ASSETS Schedule of Contract Assets January 1, December 31, 2020 2020 2021 2021 CNY CNY CNY US$ (As adjusted) (As adjusted) Non-current Service concession assets (a) 75,614 91,412 91,062 14,327 Concession right (b) 15,895 20,304 — — Less: impairment allowance (23 ) (27 ) (27 ) (4 ) 91,486 111,689 91,035 14,323 Current Service concession assets (a) 1,532 7,423 7,423 1,168 Other contract assets (c) 10,406 7,313 8,443 1,328 Less: impairment allowance (10 ) (178 ) (535 ) (84 ) 11,928 14,558 15,331 2,412 Total 103,414 126,247 106,366 16,735 (a) Service concession assets bearing an imputed interest of 7% arose from the Group’s revenue from construction service under a BOT arrangement rendered by the Group’s non wholly owned subsidiary, Shaoguan Angrui. The facilities that the service concession arrangement relate to were under construction phases from June 2018 to December 2020 and commenced operation in January 2021. The amounts for the service concession arrangement are not yet due for payment and will be settled by revenue to be generated during the operating periods of the service concession arrangement. Amounts billed will be transferred to trade receivables. As of December 31, 2021, the Group’s concession rights relating to the environmental water projects (comprising intangible assets, contract assets and trade receivables) with an aggregate gross carrying amount of CNY129,437 (and CNY121,224 (as adjusted) as of December 31, 2020) were pledged to secure bank loans from Bank of Communications with outstanding balances of CNY77,000 (and CNY80,000 (as adjusted) as of December 31, 2020). Please refer to Note 21 for further details. (b) Concession right represents the intangible assets component arising from performance under the construction contract in connection with the service concession arrangement during the construction phases from June 2018 to December 2020. The accumulated amount transferred to intangible assets when the service concession arrangement commenced operation in January 2021. (c) The balances as of December 31, 2020 and 2021 comprised contract assets arising from performance under a water treatment plant construction service contract. Such contracts include payment schedules that require stage payments over the service periods when milestones are reached. The movements in the provision for impairment of contract assets are as follows: Schedule of movements December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) Beginning of the year 33 205 32 Provision for expected credit loss, net 172 357 56 End of the year 205 562 88 An impairment analysis is performed at each reporting date using the probability-of-default approach to measure expected credit losses. The probability of default rates are estimated 0.03 29.22 0.03 55.93

OTHER RECEIVABLES

OTHER RECEIVABLES	12 Months Ended
	Dec. 31, 2021
Other Receivables
OTHER RECEIVABLES	17. OTHER RECEIVABLES Schedule of Other Receivables December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) Financial assets Loans to unrelated companies(i) — 83,600 13,154 Deposits 1,118 863 135 Others — 1,000 157 Financial assets 1,118 85,463 13,446 Staff advance 676 697 110 Others 126 280 44 Total amount 802 977 154 Impairment allowance — (239 ) (38 ) Total 1,920 86,201 13,562 (i) The balance as of December 31, 2021 consisted of the loan due from Shenzhen Chaopeng Investment Co., Limited amounting to CNY80,000 and its corresponding interest receivable amounting to CNY3,600. The loan with maturity date of June 30, 2022 is interest bearing at a rate of 9% per annum and guaranteed by Shenzhen Feishang Investment Co., Limited, an unrelated company to the Group. The movements in the loss allowance for other receivables during the years indicated are as follows: Schedule of loss allowance for receivables December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) Beginning of the year — — — Provision for expected credit loss, net — 239 38 End of the year — 239 38 For the financial assets included above, an impairment analysis is performed at each reporting date using the probability-of-default approach to measure expected credit losses. The probability of default rates are estimated based on comparable companies with published credit ratings. The calculation reflects the probability weighted outcome, the time value of money and reasonable and supportable information that is available at the reporting date about past events, current conditions, and forward-looking credit risk information. As of December 31, 2021, the probability of default applied was 0.45%, and the loss given default was 61.6%. The loss allowance for impairment of deposits was minimal.

CASH AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS	12 Months Ended
	Dec. 31, 2021
Cash and cash equivalents [abstract]
CASH AND CASH EQUIVALENTS	18. CASH AND CASH EQUIVALENTS Cash and cash equivalents are set out below as of December 31, 2020 and 2021: Schedule of cash and cash equivalents December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) Cash and cash equivalents - Cash on hand 70 74 11 - Cash at bank 56,510 58,285 9,171 Cash and cash equivalents 56,580 58,359 9,182 The carrying amounts of the Group’s cash and cash equivalents are denominated in the following currencies: Schedule of carrying amount of cash and cash equivalents December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) CNY 52,409 37,333 5,874 US$ 3,944 20,011 3,148 HK$ 227 1,015 160 56,580 58,359 9,182 Cash at banks earns interest at floating rates based on daily bank deposit rates. The bank balances and time deposits are deposited with creditworthy banks with no recent history of default. As of December 31, 2020 and 2021, there were no cash and cash equivalents pledged as security for the Group's liabilities.

TRADE PAYABLES

TRADE PAYABLES	12 Months Ended
	Dec. 31, 2021
Trade Payables
TRADE PAYABLES	19. TRADE PAYABLES Schedule of Trade Payables December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) Trade payables 28,621 21,118 3,321 The aging analysis of trade payables as of December 31, 2020 and 2021 is as follows: Schedule of Aging Analysis of Trade Payables December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) Within 1 year 23,754 8,326 1,308 Between 1 and 2 years 2,286 10,030 1,578 Over 2 years 2,581 2,762 435 Total 28,621 21,118 3,321 Trade payables are mainly due to subcontractors of construction services and the vendors of labor service. The trade payables are non-interest-bearing and are normally settled within one year.

OTHER PAYABLES AND ACCRUALS

OTHER PAYABLES AND ACCRUALS	12 Months Ended
	Dec. 31, 2021
Other Payables And Accruals
OTHER PAYABLES AND ACCRUALS	20. OTHER PAYABLES AND ACCRUALS Schedule of Other Payables and Accrued Liabilities December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) Financial liabilities Accrued expenses 3,791 5,398 849 Deposits from customers 814 505 80 Total payables 4,605 5,903 929 Accrued payroll 3,252 2,878 453 Penalties related to income tax 1,576 3,025 475 Taxes other than income tax payable(a) 143 285 45 Others 174 7 1 Total others payables 5,145 6,195 974 Total 9,750 12,098 1,903 (a) Taxes other than income taxes payable mainly comprise accruals for value-added tax, city construction tax and education surcharge.

INTEREST-BEARING LOANS AND BORR

INTEREST-BEARING LOANS AND BORROWINGS	12 Months Ended
	Dec. 31, 2021
Interest-bearing Loans And Borrowings
INTEREST-BEARING LOANS AND BORROWINGS	21. INTEREST-BEARING LOANS AND BORROWINGS Interest bearing laons December 31, 2020 2021 2021 CNY CNY US$ Interest rate Maturity (As adjusted) Non-current interest-bearing loans Bank loan-secured and guaranteed 5.05 2022 to 2038 77,000 74,000 11,643 Current interest-bearing loans Bank loan-secured and guaranteed 5.05 2021 to 2022 3,000 3,000 472 Total 80,000 77,000 12,115 The bank loan is due to the Bank of Communications and denominated in CNY. The loan is secured by collection right, contract assets, intangible assets and trade receivables in connection with the Group's service concession arrangement (Note 16) and 80% equity interest of the Company's subsidiary, Shaoguan Angrui. The loan is also guaranteed by the Company's subsidiary, Shanghai Onway and Feishang Enterprise Group Co., Ltd. (“Feishang Enterprise”), a related company of the Group. The outstanding balance as of December 31, 2021 is repayable in equal annual installments of CNY3,000 until December of 2023; CNY4,000 from 2024 to 2028; CNY5,000 from 2029 to 2034; CNY6,000 in 2035; and CNY5,000 from 2036 to 2038.

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2021
Financial Instruments
FINANCIAL INSTRUMENTS	22. FINANCIAL INSTRUMENTS (a) Financial assets Set out below is an overview of financial assets, other than cash and short-term deposits, held by the Group as of December 31, 2020 and 2021: Schedule of financial assets December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) Debt instruments at amortized cost: Accounts and bills receivable - current 29,771 41,526 6,533 Accounts and bills receivable - non-current 31,676 9,501 1,495 Financial assets included in other receivables 1,118 85,224 13,408 Due from related companies 123,893 — — Financial assets at fair value through profit or loss ： Listed equity investments (i) 138,674 — — Structured deposit (ii) 5,000 — — Total 330,132 136,251 21,436 Total current 298,456 126,750 19,941 Total non-current 31,676 9,501 1,495 (i) On August 17, 2020, the Company entered into a definitive share purchase agreement with Feishang Group to acquire 120,000,000 shares, or 8.69% of the equity interest in, Feishang Anthracite Resources Limited (“FARL”), a company listed on the Main Board of the Hong Kong Stock Exchange (the “Equity Investment”). In exchange, the Company agreed to issue 9,077,166 of its common shares to Feishang Group at a total transaction price amounting to approximately CNY78,288. The total transaction price of the exchange was based on the average closing price of FARL for the five trading days before August 17, 2020, adjusted for a 27.5% discount in consideration of the impact of a lack of marketability due to the low trading volume of FARL on the Hong Kong Stock Exchange. Upon the completion of the above-mentioned acquisition of shares of FARL and the issuance of the shares of the Company on August 17, 2020, the Company recognized financial assets at fair value through profit or loss amounting to CNY107,340 as they were held for trading. The fair value of the Equity Investment in FARL was determined with reference to its quoted market prices on the Hong Kong Stock Exchange. On July 27, 2021, the Company entered into a Sale and Purchase Agreement with Mr. Li Feilie to acquire 100% of the equity interests of PST Technology The fair value gain/(loss) on the equity investment in FARL for the years ended December 31, 2020 and 2021 was CNY31,334 and CNY (45,816) (US$(7,209)), respectively. (ii) The Company entered into a structured deposit agreement with Bank of Communications pursuant to which the Company made a time deposit with a principal amount of CNY5,000 from December 12, 2020 to June 21, 2021 to receive interest at the higher annual interest rate of 2.75% if the underlying currency pair (EUR/US$) was trading within a pre-determined range on the expiration date. Otherwise, the Company received interest at the lower interest rate of 1.55%. (b) Financial liabilities Set out below is an overview of financial liabilities of the Group as of December 31, 2020 and 2021: Schedule of financial liabilities December 31, December 31, December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) Derivatives not designated as hedging instruments: Derivative financial liabilities (i) — 1,710 269 Financial liabilities at amortized cost: Trade payables 28,621 21,118 3,321 Financial liabilities in other payables and accruals 4,605 5,903 929 Dividends payable — 5,048 794 Lease liabilities 3,550 2,189 345 Due to related companies 79,459 5,710 898 Due to the Shareholder 7,149 14,050 2,211 Interest-bearing loans and borrowings 80,000 77,000 12,115 Total 203,384 132,728 20,882 Total current 124,216 57,520 9,048 Total non-current 79,168 75,208 11,834 (i) On January 20, 2021, the Company entered into a securities purchase agreement with certain institutional investors, pursuant to which the Company issued and sold on January 22, 2021, (i) in a registered direct offering, an aggregate of 3,960,000 of its common shares at a price of US$1.85 per share, and (ii) in a concurrent private placement, warrants initially exercisable for the purchase of an aggregate of 1,584,000 of its common shares with an initial exercise price of US$2.35 per share. Refer to Note 25 for further details. The Company recognized the warrants issued to the investors as derivative financial liabilities (not designated as hedging instruments) with a fair value of CNY9,246 (US$1,427)* on the issue date as the investors have the right to exercise their warrants on a cashless basis. Per IAS 32, a contract settled by a single net payment (generally referred to as net cash-settled or net equity-settled as the case may be) is a financial liability and not an equity instrument. The fair value gain of CNY7,467 (US$1,175) for the year ended December 31, 2021 (Note 6) was recognized according to fair value changes for the period from the issue date to December 31, 2021. * As the changes in equity from this private placement transaction are denominated in US$, the amount in US$ is the actual transaction amount and the corresponding amount in CNY was translated from US$ at the applicable exchange rate of the transaction date, January 22, 2021. (c) Fair value Set out below is a comparison, by class, of the carrying amounts and fair values of the Group’s financial instruments, other than those with carrying amounts that are reasonable approximations of fair values: Fair value of investments December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) Carrying amount Fair value Carrying amount Fair value Carrying amount Fair value Financial liabilities Interest-bearing loans and borrowings 80,000 82,184 77,000 79,003 12,115 12,430 Total 80,000 82,184 77,000 79,003 12,115 12,430 The following table provides the fair value measurement hierarchy of the Group’s financial assets and financial liabilities as of December 31, 2020 and 2021: As of December 31, 2020 (As adjusted) Fair value measurement using Quoted prices in active markets (Level 1) Significant observable inputs (Level 2) Significant unobservable inputs (Level 3) Total CNY CNY CNY CNY Recurring fair value measurement: Financial assets Structured deposit — 5,000 — 5,000 Financial assets at fair value through profit or loss 138,674 — — 138,674 Total financial assets 138,674 5,000 — 143,674 As of December 31, 2021 Fair value measurement using Quoted prices in active markets (Level 1) Significant observable inputs (Level 2) Significant unobservable inputs (Level 3) Total CNY CNY CNY CNY Recurring fair value measurement: Financial liabilities Derivative financial liabilities — 1,710 — 1,710 As of December 31, 2021 Fair value measurement using Quoted prices in active markets (Level 1) Significant observable inputs (Level 2) Significant unobservable inputs (Level 3) Total US$ US$ US$ US$ Recurring fair value measurement: Financial liabilities Derivative financial liabilities — 269 — 269 Level 2: Derivative financial liabilities The fair value of financial instruments that are not traded in an active market is determined by using valuation techniques. These valuation techniques maximize the use of relevant observable inputs and minimize the use of unobservable inputs. If all significant inputs required to fair value an instrument are observable, the instrument is included in Level 2. There is no established public trading market for the warrants issued to investors on January 22, 2021. As of December 31, 2021, the Group measured the fair value of those warrants on a recurring basis using a binomial lattice pricing model with significant inputs including the underlying spot price of the Company’s common shares, exercise price, time to expiration, risk-free rate and equity volatility, etc., which are all relevant observable inputs. During the years of 2020 and 2021, there were no transfers of fair value measurements between Level 1 and Level 2 and no transfers into or out of Level 3 for both financial assets and liabilities.

FINANCIAL RISK MANAGEMENT OBJEC

FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES	12 Months Ended
	Dec. 31, 2021
Financial Risk Management Objectives And Policies
FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES	23. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES The financial instruments of the Group primarily include cash and cash equivalents, financial assets at fair value through profit or loss, trade receivables, other receivables, contract assets, trade payables, other payables, amounts due to related companies, amounts due to the Shareholder, derivative financial liabilities, and interest-bearing loans and borrowings. The Group is exposed to credit risk, foreign currency risk, business and economic risk and liquidity risk. The Group has not used any derivatives and other instruments for hedging purposes. The Group does not hold or issue derivative financial liabilities for trading purposes. The Group reviews and agrees policies for managing each of these risks and they are summarized below. (a) Credit risk Management has a credit policy in place and the exposures to credit risk are monitored on an ongoing basis. Debts are usually due within 30 to 90 days from the date of billing. Trade receivables of the Group mainly represent receivables in respect of revenue from construction services for wastewater treatment plant and sales of wastewater treatment equipment which are settled through progress billing and operation services of service concession arrangements which are settled on a quarterly basis. In addition, the Group has contract assets relating to the service concession arrangement and construction service. As of December 31, 2020, and 2021, “Trade receivables” and “Contract assets” in the aggregate amounted to CNY181,289 and CNY175,569, respectively, of which CNY100,921 and CNY109,737 were due from the largest customer and CNY124,272 and CNY127,415 were due from the five largest customers in the aggregate of the Group, respectively. The maximum exposure to credit risk is represented by the carrying amount of each financial asset in the consolidated statements of financial position. Since the counterparty to the BOT arrangement is a local government authority in the PRC, the Group considers credit risk low as of December 31, 2020 and 2021. The Group does not hold any collateral over these balances. Management groups financial instruments based on shared credit risk characteristics, such as instrument type and credit risk ratings for the purpose of determining significant increase in credit risk and calculation of impairment. The carrying amount of each financial asset in the consolidated statement of financial position represents the Group’s maximum exposure to credit risk in relation to its financial assets. A financial asset is credit-impaired when one or more events that have a detrimental impact on the estimated future cash flows of that financial asset have occurred. Evidence that a financial asset is credit-impaired includes observable data about the following events: - significant financial difficulty of the debtor; - a breach of contract such as a default or past due event; - it is probable that the debtor will enter bankruptcy or other financial reorganization. To manage credit risk arising from trade receivables and contract assets, the credit quality of the debtors is assessed, taking into account their financial position, historical settlement records, past experience and other factors. The Group applies the simplified approach to provide for ECLs prescribed by IFRS 9, which permits the use of lifetime expected loss provision for all trade receivables. The ECLs also incorporated forward-looking information. For financial assets assessed for impairment under the general approach, the Group established a policy to perform an assessment at the end of each reporting period of whether a financial instrument’s credit risk has increased significantly since initial recognition, by considering the change in the risk of default occurring over the remaining life of the financial instrument. The Group groups its other receivables into Stage 1, Stage 2 and Stage 3, as described below: Stage 1 – When other receivables are first recognized, the Group recognized an allowance based on 12 months’ ECLs. Stage 2 – When other receivables have shown a significant increase in credit risk since origination, the Group records an allowance for the lifetime ECLs. Stage 3 – Other receivables are considered credit-impaired. The Group records an allowance for the lifetime ECLs. Management also makes periodic collective assessments for other receivables and amounts due from related companies as well as individual assessments of the recoverability of other receivables based on historical settlement records, past experience and other factors. The Group classified other receivables and amounts due from related companies in Stage 1 and continuously monitored their credit risk. Management believes that there is no material credit risk inherent in the Group’s outstanding balance of other receivables as of December 31, 2019, 2020 and 2021. The Group does not provide any guarantees that would expose the Group to credit risk. Further quantitative disclosures in respect of the Group’s exposure to credit risk arising from financial assets are set out in Notes 15, 16, 17 and 26 to the financial statements. Cash and cash equivalents The Group maintains its cash and cash equivalents primarily with various PRC state-owned banks and Hong Kong based financial institutions, which management believes are of high credit quality. The Group performs periodic evaluations of the relative credit standing of those financial institutions. (b) Foreign currency risk Foreign currency risk primarily arises from certain significant foreign currency deposits denominated in US$ and HK$ and related exposures are disclosed in note 18. The Group Treasury closely monitors the international foreign currency market on the change of exchange rates and takes these into consideration when investing in foreign currency deposits and borrowing loans. The CNY is not freely convertible into foreign currencies. The State Administration for Foreign Exchange, under the authority of the People's Bank of China, controls the conversion of the CNY into foreign currencies. The value of the CNY is subject to changes in PRC government policies and to international economic and political developments affecting the supply and demand in the China Foreign Exchange Trading System market. All foreign exchange transactions continue to take place either through the People's Bank of China or other banks authorized to buy and sell foreign currencies at the exchange rates quoted by the People's Bank of China. As of December 31, 2021, the Group only had significant exposure to US$. If CNY had strengthened/weakened by 5% against US$ with all other variables held constant, the loss for the year would have been approximately CNY 1,001 higher/lower (CNY197 higher/lower for the year ended December 31, 2020), mainly as a result of foreign exchange gains and losses arising from translation of US$-denominated deposits. Profit was more sensitive to the fluctuation in the RMB/US$ exchange rates in 2021 than in 2020, mainly due to the increase in the US$ denominated cash deposits. (c) Interest rate risk The fair value interest rate risk of the Group mainly arises from long-term loans at fixed rates (see Note 21). As the fluctuation of comparable interest rate (Loan Prime Rate of PRC market) with similar term was relatively low, the Directors are of the opinion that the Group is not exposed to any significant fair value interest rate risk for its fixed interest rate borrowings held as of December 31, 2020 and 2021. (d) Business and economic risk The Group's operations may be adversely affected by significant political, economic and social uncertainties in the PRC. Although the PRC government has been pursuing economic reform policies for more than 40 years, no assurance can be given that the PRC government will continue to pursue such policies or that such policies may not be significantly altered, especially in the event of a change in leadership, social or political disruption or unforeseen circumstances affecting the political, economic and social conditions in the PRC. There is also no guarantee that the PRC government's pursuit of economic reforms will be consistent or effective. (e) Liquidity risk The Group manages its liquidity risk by regularly monitoring its liquidity requirements and its compliance with debt covenants to ensure that it maintains sufficient cash and cash equivalents, and adequate time deposits to meet its liquidity requirements in the short and long term. The table below summarizes the maturity profile of the Group’s financial liabilities and lease liabilities based on contractual undiscounted payments: Summary of maturity December 31, 2020 (As adjusted) On demand Less than 1 to 5 years More than Total CNY CNY CNY CNY CNY Trade payables — 28,621 — — 28,621 Financial liabilities in other payables and accruals — 4,605 — — 4,605 Due to related companies — 79,459 — — 79,459 Due to the Shareholder — 7,149 — — 7,149 Lease liabilities — 1,421 2,292 — 3,713 Interest-bearing loans and borrowings — 7,036 28,528 85,286 120,850 Total — 128,291 30,820 85,286 244,397 December 31, 2021 On demand Less than 1 to 5 years More than Total CNY CNY CNY CNY CNY Derivative financial liabilities 1,710 — — — 1,710 Trade payables — 21,118 — — 21,118 Financial liabilities in other payables and accruals — 5,903 — — 5,903 Due to related companies — 5,710 — — 5,710 Due to the Shareholder — 14,050 — — 14,050 Lease liabilities — 1,047 1,354 — 2,401 Interest-bearing loans and borrowings — 6,882 28,792 78,139 113,813 Total 1,710 54,710 30,146 78,139 164,705 December 31, 2021 On demand Less than 1 to 5 years More than Total US$ US$ US$ US$ US$ Derivative financial liabilities 269 — — — 269 Trade payables — 3,321 — — 3,321 Financial liabilities in other payables and accruals — 929 — — 929 Due to related companies — 898 — — 898 Due to the Shareholder — 2,211 — — 2,211 Lease liabilities — 165 213 — 378 Interest-bearing loans and borrowings — 1,083 4,530 12,294 17,907 Total 269 8,607 4,743 12,294 25,913 (f) Capital management The Group monitors capital on the basis of the debt to capital ratio (gearing ratio), which is calculated as interest-bearing debt divided by total capital. Interest-bearing debt mainly includes lease liabilities and interest-bearing loans and borrowings. Capital includes total equity and interest-bearing debt. The gearing ratio was 22.26% (as adjusted) as of December 31, 2020 and 30.31% as of December 31, 2021, respectively.

DEFERRED TAX ASSETS AND LIABILI

DEFERRED TAX ASSETS AND LIABILITIES	12 Months Ended
	Dec. 31, 2021
Deferred Tax Assets And Liabilities
DEFERRED TAX ASSETS AND LIABILITIES	24. DEFERRED TAX ASSETS AND LIABILITIES (a) Deferred tax balance Net deferred tax assets and liabilities recognized in the consolidated statement of financial position are as follows: Schedule of Net deferred tax assets and liabilities December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) Deferred tax assets 5,624 3,291 517 Offset amount (2,704 ) (3,225 ) (507 ) Deferred tax assets after offsetting 2,920 66 10 Deferred tax liabilities before offsetting 13,130 5,769 908 Offset amount (2,704 ) (3,225 ) (507 ) Deferred tax liabilities after offsetting 10,426 2,544 401 (b) Gross movement on the deferred tax account The gross movement on the deferred income tax accounts is as follows: Schedule of deferred income tax accounts 2020 2021 2021 CNY CNY US$ (As adjusted) As of January 1 (2,982 ) 7,506 1,182 Charged/(credited) to other capital reserve (i) 4,794 (4,463 ) (702 ) Charged/(credited) to the statement of profit or loss during the year (Note 8) 5,694 (159 ) (25 ) Currency translation differences — (406 ) (64 ) As of December 31 7,506 2,478 391 (i) Upon the completion of the Equity Investment (Note 22.1 (a) (i)) on August 17, 2020, the Company recognized a deferred tax liability associated with the difference between the fair value of 120,000,000 shares of FARL acquired and the total transaction price based on the statutory tax rate of 16.5% and charged the impact to other capital reserves. Upon the completion of the acquisition of PST Technology (Note 29) on July 27, 2021, the corresponding deferred tax liability was reversed through other capital reserves along with the transfer of 120,000,000 shares of FARL, as part of the acquisition consideration. (c) Deferred tax assets The components of deferred tax assets and their movements during the years indicated, without taking into consideration the offsetting of balances within the same tax jurisdictions, are as follows: Schedule of deferred tax assets Provision for loss allowance Significant financing component of the contract with customers Lease liabilities Losses available for offsetting against future taxable profits Total CNY CNY CNY CNY (As adjusted) As of January 1, 2020 2,731 1,668 54 — 4,453 Credited/(charged) to the statement of profit or loss during the year 1,041 (430 ) 560 — 1,171 As of December 31, 2020 3,772 1,238 614 — 5,624 As of January 1, 2021 (As adjusted) 3,772 1,238 614 — 5,624 (Charged)/credited to the statement of profit or loss during the year (1,629 ) (698 ) (160 ) 154 (2,333 ) As of December 31, 2021 2,143 540 454 154 3,291 As of December 31, 2021 US$ 337 85 71 24 517 (d) Deferred tax liabilities The components of deferred tax liabilities and their movements during the years indicated, without taking into consideration the offsetting of balances within the same tax jurisdictions, are as follows: Financial asset at fair value through profit or loss Temporary difference on assets recognized under IFRIC 12 Right-of-use assets Total CNY CNY CNY CNY (As adjusted) As of January 1, 2020 — 1,405 66 1,471 Charged to the statement of profit or loss during the year 5,170 1,141 554 6,865 Charged to other capital reserves 4,794 — 4,794 As of December 31, 2020 9,964 2,546 620 13,130 As of January 1, 2021 (As adjusted) 9,964 2,546 620 13,130 (Credited)/charged to the statement of profit or loss during the year (5,095 ) 2,724 (121 ) (2,492 ) Credit to other capital reserves (4,463 ) — — (4,463 ) Foreign exchange difference (406 ) — — (406 ) As of December 31, 2021 — 5,270 499 5,769 As of December 31, 2021 US$ — 829 79 908 (e) Deferred tax not recognized As of December 31, 2019, 2020 and 2021, the total amounts of deductible temporary differences and unused tax losses for which no deferred tax assets were recognized in respect of certain deductible temporary differences and accumulated tax losses of the Company’s subsidiaries established in Mainland China that can be carried forward against future taxable income are as follows: Schedule of future taxable December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) Deductible temporary differences with no deferred tax assets recognized 1,800 13,148 2,069 Tax losses with no deferred tax assets recognized 10,658 16,536 2,597 Total 12,458 29,684 4,666 (f) Expiration dates of the losses The expiration dates of the tax losses of the Group for which no deferred tax assets were recognized are summarized as follows: Schedule of tax losses December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) Year of expiration 2021 1,171 — — 2022 1,065 1,065 168 2023 2,318 2,318 365 2024 1,835 1,835 289 2025 4,237 4,237 667 2026 — 7,040 1,108 Total 10,626 16,495 2,597

EQUITY

EQUITY	12 Months Ended
	Dec. 31, 2021
EQUITY
EQUITY	EQUITY (a) Issued capital Schedule of Issued Capital January 1, December 31, 2020 2020 2021 2021 CNY CNY CNY US$ (As adjusted) (As adjusted) Authorized: 10,000,000 preferred shares, no par value — — — — 200,000,000 common shares, no par value — — — — Common shares issued and fully paid: December 31, 2021: 40,948,082 (December 31, 2020: 36,988,082 (as adjusted)) common shares, no par value 340,875 419,091 450,782 70,924 A summary of movements in the Company’s share capital is as follows: Schedule of Company Share Capital Number of shares Share capital CNY US$ (As adjusted) As of January 1, 2020 27,910,916 340,875 53,631 Issuance of shares (Note 22) 9,077,166 78,216 12,306 As of December 31, 2020 and January 1, 2021 (As adjusted) 36,988,082 419,091 65,937 Common shares issued through private placement 3,960,000 31,691 4,987 As of December 31, 2021 40,948,082 450,782 70,924 Common shares issued through private placement On January 20, 2021, the Company entered into a securities purchase agreement with certain institutional investors, pursuant to which the Company issued and sold on January 22, 2021, (i) in a registered direct offering, an aggregate of 3,960,000 of its common shares at a price of US$1.85 per share, and (ii) in a concurrent private placement, warrants initially exercisable for the purchase of an aggregate of 1,584,000 of its common shares with an initial exercise price of US$2.35 per share, for gross proceeds of approximately CNY47,484 (US$7,326*), before deducting fees to the placement agent and other estimated offering expenses payable by the Company. The Company recognized the warrants issued to the investors as derivative financial liabilities (Note 22(b)) at the fair value of the warrants on the issue date, which amounted to CNY9,246 (US$1,427*), as the investors have the right to exercise their warrants on a cashless basis according to the agreement clause. Per IAS 32, a contract settled by a single net payment (generally referred to as net cash-settled or net equity-settled as the case may be) is a financial liability and not an equity instrument. The gross proceeds of this offering less the fair value of warrants issued to investors amounted to CNY38,238 (US$5,899*) and was recorded in share capital. Upon the closing of this offering and the private placement, the Company paid or committed to pay fees and offering expenses of CNY5,815 (US$898*), which consists of 8% of gross proceeds and certain expenses reimbursements to the placement agent in cash and the offering expenses related to other professional services. The total amount of fees and offering expenses was allocated to the issuance of common shares and investor warrants according to their fair value at the date of issuance. The amount allocated to the issuance of the shares of CNY4,685 (US$723*) was charged directly to equity as a reduction in share capital. The amount allocated to the issuance of investor warrants of CNY1,130 (US$175*) was expensed and is included in administrative expenses. * As the changes in equity from this private placement transaction are denominated in US$, all the amounts in US$ in this disclosure paragraph are actual transaction amounts and corresponding amounts in CNY were translated from US$ at the applicable exchange rate on the transaction date, January 22, 2021. (b) Other capital reserves Schedule of Other capital reserves Other capital reserves CNY US$ (As adjusted) As of January 1, 2020 763,729 120,161 Issuance of shares (Note 22(a)) 24,258 3,816 As of December 31, 2020 787,987 123,977 As of January 1, 2021 (As adjusted) 787,987 123,977 Deemed distribution to the controlling shareholder (Note 29) (75,651 ) (11,902 ) Equity-settled share-based payment (Note 27) 2,311 364 Others (i) 4,463 702 As of December 31, 2021 719,110 113,141 Other capital reserves of the Company are mainly for equity-settled share-based compensation, the exercise of stock options, the exercise of warrants, the business combination and the deemed contribution from the Shareholder of the Company and related companies. (i) Upon the completion of the acquisition (Note 29) on July 27, 2021, the deferred tax liability relating to the FARL’s shares was reversed through other capital reserves. For details, please refer to Note 24(b). (c) Dividend restrictions and reserves Due to the Group's structure, the payment of dividends is subject to numerous controls imposed under PRC law, including foreign exchange control on the conversion of the local currency into U.S. dollars and other currencies. In accordance with the relevant PRC regulations, appropriations of net income as reflected in its PRC statutory financial statements are to be allocated to each of the general reserve and enterprise expansion reserve, respectively, as determined by the resolution of the Board of Directors annually.

RELATED PARTY BALANCES AND TRAN

RELATED PARTY BALANCES AND TRANSACTIONS	12 Months Ended
	Dec. 31, 2021
Related Party Balances And Transactions
RELATED PARTY BALANCES AND TRANSACTIONS	26. RELATED PARTY BALANCES AND TRANSACTIONS In addition to the transactions detailed elsewhere in the consolidated financial statements, the Group had the following transactions and balances with related companies: (a) Commercial transactions with related companies Schedule of Commercial Transactions with Related Parties Year Ended December 31, 2019 2020 2021 2021 CNY CNY CNY US$ Notes (As adjusted) (As adjusted) Interest income received from Feishang Enterprise (a) (i) 6,792 6,792 3,396 534 CHNR's share of office rental, rates and others to Anka Consultants Limited (“Anka”) (b) (ii) 1,506 1,368 1,343 211 Feishang Management's share of office rental to Feishang Enterprise (a) (iii) 166 166 166 26 Shenzhen New PST’s share of office rental to Feishang Enterprise (a) (iv) 90 90 90 14 (i) (ii) The Company signed a contract with Anka to lease 184 square meters of office premises for two years, from July 1, 2018 to June 30, 2020, and extended to June 30, 2022. The agreement also provides that the Company shares certain costs and expenses in connection with its use of the office, in addition to some of the accounting and secretarial services and day-to-day office administration services provided by Anka. (iii) On January 1, 2018, Feishang Management signed an office-sharing agreement with Feishang Enterprise. Pursuant to the agreement, Feishang Management shares 40 square meters of office premises for 33 months. Feishang Management signed a new contract with Feishang Enterprise in October 2021, which will expire on September 30, 2022. (iv) Shenzhen New PST signed a contract with Feishang Enterprise to lease 96 square meters of office premises annually. The latest contract is from March 14, 2021 to March 13, 2022. (b) Other transactions with related parties On April 28, 2021, the Company’s subsidiary, China Coal entered into an equity transfer agreement to transfer 100% of the equity interests of Yangpu Lianzhong Mining Co., Ltd (“Yangpu Lianzhong”) for total consideration of CNY103,767 (US$16,326) to the Company’s related party, Feishang Energy (a) On July 27, 2021, the Company entered into a sale and purchase agreement with Mr. Li Feilie, pursuant to which the Company acquired 100% of the equity interests of PST Technology and assumed the outstanding indebtedness owed to Mr. Li Feilie amounting to CNY129,958 (US$20,159), refer to Note 29 for further details. (a) Feishang Enterprise, Feishang Group and Feishang Energy are controlled by Mr. Li Feilie, who is the controlling shareholder of the Company. (b) Anka is jointly owned by Mr. Wong Wah On Edward and Mr. Tam Cheuk Ho, who are officers of the Company. (c) Balances with related companies The Group’s balances with related companies are unsecured and non-interest bearing. Feishang Enterprise and the Shareholder have provided letters stating their continuous financial support to the Group and that they will not recall any amounts due to them until the Group has sufficient liquidity to finance its operations. The balances are summarized as follows: Schedule of Group Balances with Related Parties December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) Current: Receivables from related companies: Xizang Xingwang Investment Co., Ltd. (“Xizang Xingwang”) (d,iv) 44,668 — — Feishang Enterprise (a,v) 79,225 — — 123,893 — — Payable to related companies: Feishang Enterprise (a,i) 6,646 3,019 475 Anka Capital Limited (“Anka Capital”) (b,iii) 2,780 2,691 423 Qianhai Industrial (c,vi) 70,033 — — 79,459 5,710 898 Payable to the Shareholder: Feishang Group (a,ii) 7,149 14,050 2,211 7,149 14,050 2,211 Dividend payables to related companies: Qianhai Industrial (c,vii) — 5,048 794 — 5,048 794 Lease liabilities to related parties: Anka (b) 1,092 372 59 1,092 372 59 (a) Feishang Enterprise and Feishang Group are controlled by Mr. Li Feilie, who is the controlling shareholder of the Company. (b) Anka Capital and Anka are each jointly owned by Mr. Wong Wah On Edward and Mr. Tam Cheuk Ho, who are officers of the Company. (c) Qianhai Industrial is controlled by Mr. Li Feilie, who is the controlling shareholder of the Company. (d) Xizang Xingwang is controlled by Mr. Li Feilie, who is the controlling shareholder of the Company. (d) Balances with related parties (i) The payable to (ii) The payable to Feishang Group represents the net amount of advances from Feishang Group. The balance is unsecured and interest-free. The balance is repayable when the Group is in a position to settle the amounts due without having a detrimental impact on the financial resources of the Group. (iii) The payable to Anka Capital by CHNR represents the net amount of advances from Anka Capital. The balance is unsecured and interest-free. The balance is repayable when the Group is in a position to settle the amounts due without having a detrimental impact on the financial resources of the Group. (iv) The receivable due from Xizang Xingwang as of December 31, 2020 represents an unsecured and interest-free loan amounting to CNY45,000 provided by Shenzhen Qianhai, and the corresponding expected credit loss allowance as of December 31, 2020 was CNY332. Shenzhen Qianhai received full repayment of the CNY45,000 from Xizang Xingwang on May 17, 2021. (v) The receivable due from Feishang Enterprise as of December 31, 2020 represents a loan provided by Shanghai Onway with a principal amount of CNY80,000 at interest rate of 9% per annum, and the corresponding expected credit loss allowance as of December 31, 2020 was CNY775. On July 1, 2021, Feishang Enterprise repaid the outstanding amount owed to the Group through Shenzhen Qianhai, the direct parent of Shanghai Onway. (vi) The payable to Qianhai Industrial by Shenzhen Qianhai represents the net balance of advances from Qianhai Industrial. The balance is unsecured and interest-free. During the year ended December 31, 2021, Shenzhen Qianhai repaid CNY50,148 in cash. The remaining indebtedness amounting to CNY19,958 was changed to an indebtedness owed to the Company through the acquisition of PST Technology in July 2021, refer to Note 29 for further details. (vii) The dividend payable to Qianhai Industrial represents the declared but unpaid dividend that was approved at the shareholder meeting of Shenzhen Qianhai on June 22, 2021, prior to the acquisition of PST Technology and its subsidiaries by the Group. (e) Compensation of key management personnel of the Group Schedule of Compensation of Key Management Personnel of Group Year Ended December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) Wages, salaries and allowances 1,386 1,154 182 Housing subsidies 17 17 3 Contribution to pension plans 79 68 11 Total Compensation of key management personnel 1,482 1,239 196 The amounts disclosed in the table are the amounts recognized as expenses during the respective period related to key management personnel.

SHARE-BASED PAYMENTS

SHARE-BASED PAYMENTS	12 Months Ended
	Dec. 31, 2021
Share-based Payments
SHARE-BASED PAYMENTS	27. SHARE-BASED PAYMENTS The issuance of warrants to the placement agent As mentioned in Note 25 (a),in addition to the fees and offering expenses paid in cash to the placement agent for the January 2021 registered offering and private placement, the Group issued warrants to the placement agent. These warrants were initially exercisable for the purchase of an aggregate of 396,000 common shares of the Company with an initial exercise price of US$2.35 per share (the “agent warrants”) on substantially the same terms as the warrants issued to investors, except that the agent warrants became exercisable on July 22, 2021, 180 days after the issue date. The issuance of the agent warrants is an equity-settled share-based payment for professional services received from the placement agent. The Company recognized other capital reserves in an amount of CNY2,311 (US$357*), the fair value of agent warrants as of the issuance date. The fair value of services recorded is not used since it cannot be reliably estimated. The amount was allocated to the issuance of the common shares and investor warrants according to their fair value at the date of issuance, and CNY1,862 (US$287*) and CNY449 (US$70*) were charged to share capital and administrative expenses, respectively. The fair value of the agent warrants is estimated at the issue date using a binomial lattice pricing model using significant inputs including the underlying spot price of the Company’s common shares, exercise price, time to expiration, risk-free rate and equity volatility, etc. * As the changes in equity from this private placement transaction are denominated in US$, all the amounts in US$ in this disclosure paragraph are actual transaction amounts and the corresponding amounts in CNY were translated from US$ at the applicable exchange rate on the transaction date, January 22, 2021.

DISPOSAL OF A SUBSIDIARY

DISPOSAL OF A SUBSIDIARY	12 Months Ended
	Dec. 31, 2021
Disposal Of Subsidiary
DISPOSAL OF A SUBSIDIARY	28. DISPOSAL OF A SUBSIDIARY On April 28, 2021, the Company’s subsidiary, China Coal entered into an equity transfer agreement to transfer 100% of the equity interests of Yangpu Lianzhong for a total consideration of CNY103,767 (US$16,326) to the Company’s related party, Shenzhen Feishang Energy Investment Co., Limited (“Feishang Energy”). At the date of disposal, the carrying values of the net assets of the subsidiary disposed of were as follows: Schedule of net assets of the disposed subsidiary Date of disposal CNY US$ Other receivables 114,766 18,057 Cash and cash equivalents 263 41 Other payables and accruals (1,062 ) (167 ) Taxes payable (10,200 ) (1,605 ) Net assets subject to disposal 103,767 16,326 Consideration 103,767 16,326 Net impact — — The disposal consideration receivable was fully realized by offsetting amounts due to Feishang Energy under a series of creditor right transfer agreements. An analysis of the cash flow in respect of the disposal of Yangpu Lianzhong is as follows: CNY US$ Cash consideration — — Cash and bank balances disposed (263 ) (41 ) Net outflow of cash and cash equivalents included in cash flows from investing activities (263 ) (41 )

BUSINESS COMBINATION UNDER COMM

BUSINESS COMBINATION UNDER COMMON CONTROL	12 Months Ended
	Dec. 31, 2021
Business Combination Under Common Control
BUSINESS COMBINATION UNDER COMMON CONTROL	29. BUSINESS COMBINATION UNDER COMMON CONTROL Acquisition of 100% equity interest in PST Technology On July 27, 2021, the Company entered into a sale and purchase agreement with Mr. Li Feilie, pursuant to which the Company acquired 100% of the equity interests of PST Technology and assumed the outstanding indebtedness owed to Mr. Li Feilie amounting to CNY129,958 (US$20,159), of which CNY19,958 (US$3,096) was due from Shenzhen Qianhai before December 31, 2020 and CNY110,000 (US$17,063) was a financial support provided by Mr. Li Feilie to Shenzhen New PST, which acquired 100% of the equity interest of Shenzhen Qianhai on July 6, 2021. The considerations consisted of: (1) 3,000,000 newly issued restricted common shares of the Company at a fair value of CNY28,794 (US$4,530); (2)120,000,000 shares (an 8.69% equity interest) of FARL held by the Company at a fair value of CNY85,312 (US$13,423); and (3) cash of CNY10,297 (US$1,597). PST Technology, through its wholly owned subsidiaries, owns a 51% equity interests in Shanghai Onway, which is principally engaged in sales of assembled equipment, the provision of construction services and participating in PPP projects as operator. PST Technology was controlled by Mr. Li Feilie. Subsequent to the acquisition, the Company obtained control of PST Technology. Before and after the acquisition, both PST Technology and the Company were and ultimately controlled by Mr. Li Feilie, and the control is not temporary. Thus, the acquisition of 100% of the equity interests in PST Technology was considered to be a business combination under common control. The transaction was closed on July 27, 2021, the date that the Group obtained control of PST Technology. The acquisition of PST Technology was accounted for as a combination of entities under common control by using the pooling of interests method and the comparative consolidated financial statements were restated as if PST Technology was part of the Group at the beginning of the reporting period. The consolidated statement of comprehensive income includes the results of each of the combining entities or businesses from the later of: (i) the earliest date presented; or (ii) the date when the combining entities or businesses first came under common control. The consideration paid by the Company for the acquisition has been accounted for as a deemed distribution in the consolidated statement of changes in equity. FARL’s shares and the cash consideration paid to Mr. Li Feilie were accounted for as a deemed distribution to the controlling shareholder on the closing date of the transaction.

PARTLY OWNED SUBSIDIARY WITH MA

PARTLY OWNED SUBSIDIARY WITH MATERIAL NON-CONTROLLING INTERESTS	12 Months Ended
	Dec. 31, 2021
Partly Owned Subsidiary With Material Non-controlling Interests
PARTLY OWNED SUBSIDIARY WITH MATERIAL NON-CONTROLLING INTERESTS	30. PARTLY OWNED SUBSIDIARY WITH MATERIAL NON-CONTROLLING INTERESTS Financial information of the subsidiary that has material non-controlling interests is provided below: Proportion of equity interest held by non-controlling interests: Schedule of equity interest held by non-controlling interests Name Country of incorporation and operation 2020 2021 Shanghai Onway PRC/Mainland China 49 % 49 % 2019 2020 2021 2021 CNY CNY CNY US$ (As adjusted) (As adjusted) Loss for the year allocated to non-controlling interests: Shanghai Onway (4,886 ) (1,415 ) (6,819 ) (1,073 ) Dividends paid to non-controlling interests: Shanghai Onway — — 4,900 771 Accumulated balances of non-controlling interest: Shanghai Onway 120,487 119,072 107,353 16,890 The summarized financial information of the Schedule of financial information 2021 Shanghai Onway CNY US$ Revenue 18,735 2,948 Total expenses (32,312 ) (5,084 ) Loss for the year (13,577 ) (2,136 ) Total comprehensive loss for the year (13,577 ) (2,136 ) Current assets 187,619 29,519 Non-current assets 126,573 19,914 Current liabilities (40,716 ) (6,406 ) Non-current liabilities (40,259 ) (6,334 ) Net cash flows used in operating activities (8,758 ) (1,378 ) Net cash flows used in investing activities (1,509 ) (237 ) Net cash flows used in financing activities (3,972 ) (625 ) Effect of foreign exchange rate changes, net — — Net decrease in cash and cash equivalents (14,239 ) (2,240 ) 2020 Shanghai Onway CNY US$ Revenue 35,631 5,606 Total expenses (38,362 ) (6,036 ) Loss for the year (2,731 ) (430 ) Total comprehensive loss for the year (2,731 ) (430 ) Current assets 192,437 30,277 Non-current assets 153,073 24,084 Current liabilities (47,445 ) (7,465 ) Non-current liabilities (34,542 ) (5,435 ) Net cash flows used in operating activities (44,883 ) (7,062 ) Net cash flows used in investing activities (5,608 ) (882 ) Net cash flows from financing activities 48,688 7,660 Effect of foreign exchange rate changes, net — — Net decrease in cash and cash equivalents (1,803 ) (284 ) 2019 Shanghai Onway CNY US$ Revenue 134,210 21,116 Total expenses (120,264 ) (18,922 ) Profit for the year 13,946 2,194 Total comprehensive income for the year 13,946 2,194 Net cash flows used in operating activities (27,121 ) (4,267 ) Net cash flows used in investing activities (2,648 ) (417 ) Net cash flows from financing activities 43,109 6,783 Effect of foreign exchange rate changes, net — — Net increase in cash and cash equivalents 13,340 2,099

RESTATEMENT

RESTATEMENT	12 Months Ended
	Dec. 31, 2021
Restatement
RESTATEMENT	31. RESTATEMENT The Company’s acquisition of PST Technology (as detailed in Note 29) in 2021 was accounted for as a combination of entities under common control since the Company and PST Technology were under the common control of Mr. Li Feilie. T The consolidated financial statements of the Group prior to acquisition were restated to include the results of operations of PST Technology and its subsidiaries on a combined basis when the entities first came under the common control of Mr. Li Feilie. As a result of the acquisition of PST Technology, the relevant line items in the consolidated statements of profit or loss for the years ended December , 2020 and 2019, the consolidated statements of financial position as of December 31, 2020 and January 1, 2020, and the consolidated statements of changes in equity for the years ended December 31, 2020 and 2019 were restated as follows: Schedule of consolidated statement restated Year Ended December 31, 2020 Consolidated statement of profit or loss The Group (as previously reported) Adjustment in relation to acquisition of PST Technology The Group (As adjusted) CNY CNY CNY Revenue 6,867 35,631 42,498 Cost of sales (6,854 ) (32,361 ) (39,215 ) Selling and distribution expenses (2 ) (756 ) (758 ) Administrative expenses (7,140 ) (11,713 ) (18,853 ) Other operating income — 1,616 1,616 Impairment losses — (4,162 ) (4,162 ) Finance costs (60 ) (3,689 ) (3,749 ) Finance income 18 15,450 15,468 Income tax benefit/(expense) 1,416 (2,674 ) (1,258 ) Profit/(loss) for the year 25,579 (2,658 ) 22,921 Consolidated statement of changes in equity: Equity attributable to owners of the Company 101,202 71,525 172,727 Loss per share attributable to ordinary equity holder of the Company: Basic and diluted - Earnings/(loss) per share 0.90 (0.12 ) 0.78 Year Ended December 31, 2019 Consolidated statement of profit or loss The Group (as previously reported) Adjustment in relation to acquisition of PST Technology The Group (As adjusted) CNY CNY CNY Revenue 12,969 134,210 147,179 Cost of sales (12,752 ) (119,389 ) (132,141 ) Selling and distribution expenses (2 ) (826 ) (828 ) Administrative expenses (5,814 ) (14,090 ) (19,904 ) Other operating income — 1,431 1,431 Impairment losses on financial assets — (9,367 ) (9,367 ) Impairment loss on intangible assets (16,662 ) (16,662 ) Impairment loss on goodwill (31,478 ) (31,478 ) Finance costs (62 ) (278 ) (340 ) Finance income 16 12,792 12,808 Income tax benefit — 1,374 1,374 Profit/(loss) for the year (5,645 ) (42,283 ) (47,928 ) Consolidated statement of changes in equity: Equity attributable to owners of the Company (27,554 ) 72,768 45,214 Loss per share attributable to ordinary equity holders of the Company: Basic and diluted - Earnings/(loss) per share 0.23 (1.77 ) (1.54 ) December 31, 2020 Consolidated statement of financial position The Group (as previously reported) Adjustment in relation to acquisition of PST Technology The Group (As adjusted) CNY CNY CNY Non-current assets 1,237 150,454 151,691 Current assets 141,191 237,174 378,365 Total assets 142,428 387,628 530,056 Current liabilities 30,915 117,748 148,663 Non-current liabilities 10,311 79,283 89,594 Total liabilities 41,226 197,031 238,257 Issued capital 390,297 28,794 419,091 Other capital reserves 716,776 71,211 787,987 Accumulated losses (1,002,705 ) (28,482 ) (1,031,187 ) Other comprehensive (loss)/income (3,166 ) 2 (3,164 ) Equity attributable to owners of the Company 101,202 71,525 172,727 Non-controlling interests — 119,072 119,072 Total equity 101,202 190,597 291,799 January 1, 2020 Consolidated statement of financial position The Group (as previously reported) Adjustment in relation to acquisition of PST Technology The Group (As adjusted) CNY CNY CNY Non-current assets 830 125,110 125,940 Current assets 7,468 261,552 269,020 Total assets 8,298 386,662 394,960 Current liabilities 35,852 163,257 199,109 Non-current liabilities — 30,150 30,150 Total liabilities 35,852 193,407 229,259 Issued capital 312,081 28,794 340,875 Other capital reserves 692,518 71,211 763,729 Accumulated losses (1,028,284 ) (27,239 ) (1,055,523 ) Other comprehensive (loss)/income (3,869 ) 2 (3,867 ) Equity attributable to owners of the Company (27,554 ) 72,768 45,214 Non-controlling interests — 120,487 120,487 Total equity (27,554 ) 193,255 165,701

NOTES TO THE CONSOLIDATED STATE

NOTES TO THE CONSOLIDATED STATEMENTS OF CASH FLOWS	12 Months Ended
	Dec. 31, 2021
Notes To Consolidated Statements Of Cash Flows
NOTES TO THE CONSOLIDATED STATEMENTS OF CASH FLOWS	32. NOTES TO THE CONSOLIDATED STATEMENTS OF CASH FLOWS (a) Major non-cash transactions In addition to major non-cash transitions disclosed in Notes 28 and 29, during the year, the Group had non-cash additions to right-of-use assets and lease liabilities of CNY102 CNY4,081 CNY102 4,081 (b) Changes in liabilities arising from financing activities Schedule of Changes in Liabilities Arising Year Ended December 31, 2020 Interest-bearing loans and borrowings Due to related companies Due to the Shareholder Lease liabilities (As adjusted) CNY CNY CNY CNY As of January 1, 2020 33,377 75,306 7,097 1,238 Changes from financing cash flows 50,000 4,082 462 (1,849 ) New leases — — — 4,081 Foreign exchange movement — — (410 ) — Interest expenses and dividends declared (3,377 ) — — 80 Other changes — 71 — — As of December 31, 2020 80,000 79,459 7,149 3,550 Year Ended December 31, 2021 Interest-bearing loans and borrowings Dividends payable Due to related companies Due to the Shareholder Lease liabilities CNY CNY CNY CNY CNY As of January 1, 2021 (As adjusted) 83,979 — 79,459 7,149 3,550 Changes from financing cash flows (3,000 ) (4,900 ) 49,788 (7,149 ) (1,613 ) New leases — — — — 102 Interest expenses and dividends declared (3,979 ) 9,948 — — 150 Other changes — — (123,537 ) 14,050 — As of December 31, 2021 77,000 5,048 5,710 14,050 2,189 Year Ended December 31, 2021 Interest-bearing loans and borrowings Dividends payable Due to related companies Due to the Shareholder Lease liabilities US$ US$ US$ US$ US$ As of January 1, 2021 (As adjusted) 13,213 — 12,502 1,125 559 Changes from financing cash flows (472 ) (771 ) 7,833 (1,125 ) (254 ) New leases — — — — 16 Interest expenses and dividends declared (626 ) 1,565 — — 24 Other changes — — (19,437 ) 2,211 — As of December 31, 2021 12,115 794 898 2,211 345 (c) Total cash outflow for leases Schedule of Cash Outflow for Leases 2020 2021 2021 CNY CNY US$ (As adjusted) Within operating activities (406 ) (511 ) (80 ) Within financing activities (1,849 ) (1,613 ) (254 ) (2,255 ) (2,124 ) (334 )

COMMITMENTS

COMMITMENTS	12 Months Ended
	Dec. 31, 2021
Commitments
COMMITMENTS	33. COMMITMENTS There were no

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2021
Subsequent Events
SUBSEQUENT EVENTS	34. SUBSEQUENT EVENTS There have been no material subsequent events.

CONDENSED FINANCIAL INFORMATION

CONDENSED FINANCIAL INFORMATION OF THE COMPANY	12 Months Ended
	Dec. 31, 2021
Condensed Financial Information Of Company
CONDENSED FINANCIAL INFORMATION OF THE COMPANY	35. CONDENSED FINANCIAL INFORMATION OF THE COMPANY The following is the condensed financial information of the Company on a non-consolidated basis: (a) Condensed statements of financial position Schedule of Non-Consolidated Basis December 31, 2020 2021 2021 CNY CNY US$ ASSETS NON-CURRENT ASSETS Right-of-use assets 1,079 360 57 TOTAL NON-CURRENT ASSETS 1,079 360 57 CURRENT ASSETS Amounts due from subsidiaries 9,404 136,120 21,416 Cash and cash equivalents 58 17,017 2,677 Financial assets at fair value through profit or loss 138,674 — — TOTAL CURRENT ASSETS 148,136 153,137 24,093 TOTAL ASSETS 149,215 153,497 24,150 December 31, 2020 2021 2021 CNY CNY US$ LIABILITIES AND EQUITY NON-CURRENT LIABILITIES Deferred tax liabilities 9,964 — — Lease liabilities 347 — — TOTAL NON-CURRENT LIABILITIES 10,311 — — CURRENT LIABILITIES Other payables and accruals 2,273 4,335 681 Due to the Shareholder 7,149 — — Due to related companies 2,780 2,690 423 Lease liabilities 745 373 59 Derivative financial liabilities — 1,710 269 TOTAL CURRENT LIABILITIES 12,947 9,108 1,432 TOTAL LIABILITIES 23,258 9,108 1,432 EQUITY Issued capital 368,395 428,882 67,478 Other capital reserves 847,839 860,168 135,335 Accumulated losses (1,074,563 ) (1,118,038 ) (175,906 ) Other comprehensive loss (15,714 ) (26,623 ) (4,189 ) TOTAL EQUITY 125,957 144,389 22,718 TOTAL LIABILITIES AND EQUITY 149,215 153,497 24,150 (b) Condensed statements of profit or loss Schedule of Profit or Loss Year Ended December 31, 2019 2020 2021 2021 CNY CNY CNY US$ Administrative expenses (3,814 ) (5,243 ) (10,059 ) (1,583 ) Finance costs — (38 ) (162 ) (25 ) Interest income 1 — — — Fair value gain/(loss) on financial instruments, net — 31,334 (38,349 ) (6,034 ) (Loss)/profit before income tax (3,813 ) 26,053 (48,570 ) (7,642 ) Income tax (expense)/benefit — (5,170 ) 5,095 802 (Loss)/profit for the year (3,813 ) 20,883 (43,475 ) (6,840 ) (c) Condensed statements of cash flows Schedule of Cash Flows Year Ended December 31, 2019 2020 2021 2021 CNY CNY CNY US$ Net cash flows used in operating activities (3,294 ) (3,269 ) (6,076 ) (956 ) Net cash flows used in investing activities (21 ) (216 ) (10,297 ) (1,620 ) Net cash flows from financing activities — 1,982 34,089 5,363 NET (DECREASE)/INCREASE IN CASH (3,315 ) (1,503 ) 17,716 2,787 CASH AT BEGINNING OF THE YEAR 4,122 811 58 9 Net foreign exchange differences 4 750 (757 ) (119 ) CASH AT END OF THE YEAR 811 58 17,017 2,677 The above financial statements have been provided pursuant to the requirements of Rules 12-04(a) and 4-08(e)(3) of Regulation S-X, which require the presentation of condensed financial information as to the financial position, results of operations and cash flows of a parent company as of the same dates and for the same periods for which audited consolidated financial statements have been presented when the restricted net assets of the consolidated and unconsolidated subsidiaries and the parent's equity in the undistributed earnings of 50% or less owned persons, accounted for by the equity method, together exceed 25% of the consolidated net assets as of the end of the most recently completed fiscal year. As of December 31, 2021, CNY 178,394 27,224 In the parent-company-only financial statements, the Company's investments in subsidiaries are stated at cost less accumulated impairment. The carrying amount of the investment in subsidiaries as of December 31, 2020 and 2021 was nil. The parent-company-only financial statements should be read in conjunction with the Company's consolidated financial statements. The Company does not have any significant commitments or long-term obligations as of any of the years presented, except for those disclosed in the consolidated financial statements. During the years ended December 31, 2019, 2020 and 2021, no

BASIS OF PREPARATION (Policies)

BASIS OF PREPARATION (Policies)	12 Months Ended
	Dec. 31, 2021
Basis Of Preparation
BASIS OF CONSOLIDATION	BASIS OF CONSOLIDATION The consolidated financial statements comprise the financial statements of the Company and its subsidiaries for each of the three years in the period ended December 31, 2021. A subsidiary is an entity (including a structured entity), directly or indirectly, controlled by the Company. Control is achieved when the Group is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee (i.e., existing rights that give the Group the current ability to direct the relevant activities of the investee). When the Company has, directly or indirectly, less than a majority of the voting or similar right of an investee, the Group considers all relevant facts and circumstances in assessing whether it has power over an investee, including: (a) the contractual arrangement with the other vote holders of the investee; (b) rights arising from other contractual arrangements; and (c) the Group’s voting rights and potential voting rights. The financial statements of the subsidiaries are prepared for the same reporting period as the Company, using consistent accounting policies. The results of subsidiaries are consolidated from the date on which the Group obtains control and continue to be consolidated until the date that such control ceases. Profit or loss and each component of other comprehensive income are attributed to owners of the Company and to the non-controlling interests, even if this results in the non-controlling interests having a deficit balance. All intra-group assets and liabilities, equity, income, expenses and cash flows relating to transactions between members of the Group are eliminated in full on consolidation. The Group reassesses whether it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control above. A change in the ownership interest of a subsidiary, without a loss of control, is accounted for as an equity transaction. If the Group loses control over a subsidiary, it derecognizes (i) the assets (including goodwill) and liabilities of the subsidiary, (ii) the carrying amount of any non-controlling interest and (iii) the cumulative translation differences recorded in equity; and recognizes (i) the fair value of the consideration received, (ii) the fair value of any investment retained and (iii) any resulting surplus or deficit in profit or loss. The Group’s share of components previously recognized in other comprehensive income is reclassified to profit or loss or retained earnings, as appropriate, on the same basis as would be required if the Group had directly disposed of the related assets or liabilities.
CHANGES IN ACCOUNTING POLICIES AND DISCLOSURES	2.3 CHANGES IN ACCOUNTING POLICIES AND DISCLOSURES The Group has adopted the following revised IFRSs for the first time for the current year’s consolidated financial statements: Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 Interest Rate Benchmark Reform - Phase 2 Amendment to IFRS 16 Covid-19-Related Rent Concessions beyond 30 June 2021 (early adopted) The nature and the impact of the revised IFRSs are described below: (a) Amendments to IFRS 9, International Accounting Standard (“IAS”) 39, IFRS 7, IFRS 4 and IFRS 16 address issues not dealt with in the previous amendments which affect financial reporting when an existing interest rate benchmark is replaced with an alternative risk-free rate (“RFR”). The amendments provide a practical expedient to allow the effective interest rate to be updated without adjusting the carrying amount of financial assets and liabilities when accounting for changes in the basis for determining the contractual cash flows of financial assets and liabilities if the change is a direct consequence of the interest-rate benchmark reform and the new basis for determining the contractual cash flows is economically equivalent to the previous basis immediately preceding the change. In addition, the amendments permit changes required by the interest-rate benchmark reform to be made to hedge designations and hedge documentation without the hedging relationship being discontinued. Any gains or losses that could arise on transition are dealt with through the normal requirements of IFRS 9 to measure and recognize hedge ineffectiveness. The amendments also provide a temporary relief to entities from having to meet the separately identifiable requirement when an RFR is designated as a risk component. The relief allows an entity, upon designation of the hedge, to assume that the separately identifiable requirement is met, provided the entity reasonably expects the RFR risk component to become separately identifiable within the next 24 months. Furthermore, the amendments require an entity to disclose additional information to enable users of financial statements to understand the effect of interest-rate benchmark reform on an entity’s financial instruments and risk management strategy. These amendments had no material impact on the consolidated financial statements of the Group. (b ) Amendment to IFRS 16 issued in March 2021 extends the availability of the practical expedient for lessees to elect not to apply lease-modification accounting for rent concessions arising as a direct consequence of the Covid-19 pandemic by 12 months. Accordingly, the practical expedient applies to rent concessions for which any reduction in lease payments affects only payments originally due on or before June 30, 2022, provided the other conditions for applying the practical expedient are met. The amendment is effective retrospectively for annual periods beginning on or after April 1, 2021 with any cumulative effect of initially applying the amendment recognized as an adjustment to the opening balance of retained profits at the beginning of the current accounting period. Earlier application is permitted. The amendment did not have any impact on the financial position and performance of the Group as there were no lease payments reduced or waived by the lessors as a result of the Covid-19 pandemic during the year.
ISSUED BUT NOT YET EFFECTIVE INTERNATIONAL FINANCIAL REPORTING STANDARDS	ISSUED BUT NOT YET EFFECTIVE INTERNATIONAL FINANCIAL REPORTING STANDARDS The Group has not applied the following new and revised IFRSs, that have been issued but are not yet effective, in these financial statements: Amendments to IFRS 3 Reference to the Conceptual Framework 1 Amendments to IFRS 10 and IAS 28 Sale or Contribution of Assets between an Investor and Its Associate or Joint Venture 3 IFRS 17 Insurance Contracts 2 Amendments to IFRS 17 Insurance Contracts 2,4 Amendments to IAS 1 Classification of Liabilities as Current or Non-current 2 Amendments to IAS 1 and IFRS Practice Statement 2 Disclosure of Accounting Policies 2 Amendments to IAS 8 Definition of Accounting Estimates 2 Amendments to IAS 12 Deferred Tax Related to Assets and Liabilities Arising from a Single Transaction 2 Amendments to IAS 16 Property, Plant and Equipment: Proceeds Before Intended Use 1 Amendments to IAS 37 Onerous Contracts - Cost of Fulfilling a Contract 1 Annual Improvements to IFRS Standards 2018-2020 Amendments to IFRS 1, IFRS 9, Illustrative Examples accompanying IFRS 16, and IAS 41 1 ——————— 1 Effective for annual periods beginning on or after January 1, 2022 2 Effective for annual periods beginning on or after January 1, 2023 3 No mandatory effective date yet determined but available for adoption 4 As a consequence of the amendments to IFRS 17 issued in June 2020, the effective date of IFRS 17 was deferred to January 1, 2023, and IFRS 4 was amended to extend the temporary exemption that permits insurers to apply IAS 39 rather than IFRS 9 for annual periods beginning before January 1, 2023 Further information about those IFRSs that are expected to be applicable to the Group is described below. (a) Amendments to IFRS 3 are intended to replace a reference to the previous Framework for the Preparation and Presentation of Financial Statements Conceptual Framework for Financial Reporting (b) Amendments to IFRS 10 and IAS 28 address an inconsistency between the requirements in IFRS 10 and in IAS 28 in dealing with the sale or contribution of assets between an investor and its associate or joint venture. The amendments require a full recognition of a gain or loss resulting from a downstream transaction when the sale or contribution of assets between an investor and its associate or joint venture constitutes a business. For a transaction involving assets that do not constitute a business, a gain or loss resulting from the transaction is recognized in the investor’s profit or loss only to the extent of the unrelated investor’s interest in that associate or joint venture. The amendments are to be applied prospectively. The previous mandatory effective date of amendments to IFRS 10 and IAS 28 was removed by the IASB in December 2015 and a new mandatory effective date will be determined after the completion of a broader review of accounting for associates and joint ventures. However, the amendments are available for adoption now. The amendments are not expected to have any significant impact on the Group’s financial statements. (c) Amendments to IAS 1 Classification of Liabilities as Current or Non-current (d) Amendments to IAS 8 introduce a new definition of accounting estimates. The amendments are designed to clarify the distinction between changes in accounting estimates and changes in accounting policies and the correction of errors. An entity shall apply these amendments for annual reporting periods beginning on or after January 1, 2023. Earlier application is permitted. An entity shall apply the amendments to changes in accounting estimates and changes in accounting policies that occur on or after the beginning of the first annual reporting period in which it applies the amendments. The Company is currently assessing the impact of the amendments on the Group’s financial statements. (e) Amendments to IAS 12 narrow the scope of the initial recognition exception so that it no longer applies to transactions that give rise to equal taxable and deductible temporary differences, such as leases and decommissioning obligations. Therefore, entities are required to recognize a deferred tax asset and a deferred tax liability for temporary differences arising from these transactions. The amendments are effective for annual reporting periods beginning on or after January 1, 2023 and shall be applied to transactions related to leases and decommissioning obligations at the beginning of the earliest comparative period presented, with any cumulative effect recognized as an adjustment to the opening balance of retained profits or other component of equity as appropriate at that date. In addition, the amendments shall be applied prospectively to transactions other than leases and decommissioning obligations. Earlier application is permitted. The Group has applied the initial recognition exception and did not recognize a deferred tax asset and a deferred tax liability for temporary differences for transactions related to leases. Upon initial application of these amendments, the Group will recognize a deferred tax asset and a deferred tax liability for deductible and taxable temporary differences associated with right-of-use assets and lease liabilities, and recognize the cumulative effect of initially applying the amendments as an adjustment to the opening balance of retained profits at the beginning of the earliest comparative period presented. (f) Amendments to IAS 16 prohibit an entity from deducting from the cost of an item of property, plant and equipment any proceeds from selling items produced while bringing that asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Instead, an entity recognizes the proceeds from selling any such items, and the cost of those items, in profit or loss. The amendments are effective for annual periods beginning on or after January 1, 2022 and shall be applied retrospectively only to items of property, plant and equipment made available for use on or after the beginning of the earliest period presented in the financial statements in which the entity first applies the amendments. Earlier application is permitted. The amendments are not expected to have any significant impact on the Group’s financial statements. (g) Amendments to IAS 37 clarify that for the purpose of assessing whether a contract is onerous under IAS 37, the cost of fulfilling the contract comprises the costs that relate directly to the contract. Costs that relate directly to a contract include both the incremental costs of fulfilling that contract (e.g., direct labor and materials) and an allocation of other costs that relate directly to fulfilling that contract (e.g., an allocation of the depreciation charge for an item of property, plant and equipment used in fulfilling the contract as well as contract management and supervision costs). General and administrative costs do not relate directly to a contract and are excluded unless they are explicitly chargeable to the counterparty under the contract. The amendments are effective for annual periods beginning on or after January 1, 2022 and shall be applied to contracts for which an entity has not yet fulfilled all its obligations at the beginning of the annual reporting period in which it first applies the amendments. Earlier application is permitted. Any cumulative effect of initially applying the amendments shall be recognized as an adjustment to the opening equity at the date of initial application without restating the comparative information. The amendments are not expected to have any significant impact on the Group’s financial statements. (h) Annual Improvements to IFRS Standards 2018-2020 · IFRS 9 Financial Instruments · IFRS 16 Leases

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2021
Summary Of Significant Accounting Policies
Business combinations and goodwill	(a) Business combinations and goodwill Business combinations are accounted for using the acquisition method. The consideration transferred is measured at the acquisition date fair value which is the sum of the acquisition date fair values of assets transferred by the Group, liabilities assumed by the Group to the former owner of the acquiree and the equity interests issued by the Group in exchange for control of the acquiree. For each business combination, the Group elects whether to measure the non-controlling interests in the acquiree that are present ownership interests and entitle their holders to a proportionate share of net assets in the event of liquidation at fair value or at the proportionate share of the acquiree’s identifiable net assets. All other components of non-controlling interests are measured at fair value. Acquisition-related costs are expensed as incurred. The Group determines that it has acquired a business when the acquired set of activities and assets includes an input and a substantive process that together significantly contribute to the ability to create outputs. When the Group acquires a business, it assesses the financial assets and liabilities assumed for appropriate classification and designation in accordance with the contractual terms, economic circumstances and pertinent conditions as of the acquisition date. This includes the separation of embedded derivatives in host contracts of the acquiree. If the business combination is achieved in stages, the acquisition date fair value of the acquirer’s previously held equity interest in the acquiree is remeasured to fair value at the acquisition date through the consolidated statement of profit or loss. Any contingent consideration to be transferred by the acquirer is recognized at fair value at the acquisition date. Contingent consideration classified as an asset or liability is measured at fair value with changes in fair value recognized in profit or loss. If the contingent consideration is not within the scope of IAS 39, it is measured in accordance with the appropriate IFRSs. Contingent consideration that is classified as equity is not remeasured and subsequent settlement is accounted for within equity. Goodwill is initially measured at cost, being the excess of the aggregate of the consideration transferred, the amount recognized for non-controlling interests and any fair value of the Group’s previously held equity interests in the acquiree over the identifiable assets acquired and liabilities assumed. If the sum of this consideration and other items is lower than the fair value of the net assets of the subsidiary acquired, the difference is, after reassessment, recognized in the consolidated statement of profit or loss as a gain on bargain purchase. After initial recognition, goodwill is measured at cost less any accumulated impairment losses. Goodwill is tested for impairment annually or more frequently if events or changes in circumstances indicate that the carrying value may be impaired. The Group performs its annual impairment test of goodwill as of December 31. For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated to each of the Group’s cash-generating units, or groups of cash-generating units, that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the Group are assigned to those units or groups of units. Impairment is determined by assessing the recoverable amount of the cash-generating unit (group of cash-generating units) to which the goodwill relates. Where the recoverable amount of the cash-generating unit (group of cash-generating units) is less than the carrying amount, an impairment loss is recognized. An impairment loss recognized for goodwill is not reversed in a subsequent period. (a) Business combinations and goodwill (continued) Where goodwill has been allocated to a cash-generating unit (or group of cash-generating units) and part of the operation within that unit is disposed of, the goodwill associated with the operation disposed of is included in the carrying amount of the operation when determining the gain or loss on the disposal. Goodwill disposed of in these circumstances is measured based on the relative value of the operation disposed of and the portion of the cash-generating unit retained.
Fair value measurement	(b) Fair value measurement The Group measures equity investments and derivative financial liabilities at fair value at the end of each reporting period. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either in the principal market for the asset or liability, or in the absence of a principal market, in the most advantageous market for the asset or liability. The principal or the most advantageous market must be accessible by the Group. The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their economic best interest. A fair value measurement of a non-financial asset takes into account a market participant’s ability to generate economic benefits by using the asset in its highest and best use or by selling it to another market participant that would use the asset in its highest and best use. The Group uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs. All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorized within the fair value hierarchy, described as follows, based on the lowest-level input that is significant to the fair value measurement as a whole: Level 1 – based on quoted prices (unadjusted) in active markets for identical assets or liabilities Level 2 – based on valuation techniques for which the lowest-level input that is significant to the fair value measurement is observable, either directly or indirectly Level 3 – based on valuation techniques for which the lowest-level input that is significant to the fair value measurement is unobservable For assets and liabilities that are recognized in the financial statements on a recurring basis, the Group determines whether transfers have occurred between levels in the hierarchy by reassessing categorization (based on the lowest-level input that is significant to the fair value measurement as a whole) at the end of each reporting period.
Related parties	(c) Related parties A party is considered to be related to the Group if: (1) the party is a person or a close member of that person’s family and that person (i) has control or joint control over the Group; (ii) has significant influence over the Group; or (iii) is a member of the key management personnel of the Group or of a parent of the Group; or (2) the party is an entity where any of the following conditions applies: (i) the entity and the Group are members of the same group; (ii) one entity is an associate or joint venture of the other entity (or of a parent, subsidiary or fellow subsidiary of the other entity); (iii) the entity and the Group are joint ventures of the same third party; (iv) one entity is a joint venture of a third entity and the other entity is an associate of the third entity; (v) the entity is a post-employment benefit plan for the benefit of employees of either the Group or an entity related to the Group; (vi) the entity is controlled or jointly controlled by a person identified in (1); (vii) a person identified in (1)(i) has significant influence over the entity or is a member of the key management personnel of the entity (or of a parent of the entity); and (viii) the entity, or any member of a group of which it is a part, provides key management personnel services to the Group or to the parent of the Group.
Property, plant and equipment and depreciation	(d) Property, plant and equipment and depreciation Property, plant and equipment comprise buildings, machinery and equipment, motor vehicles and office and other equipment. The cost of an item of property, plant and equipment comprises its purchase price and any directly attributable costs of bringing the asset to its working condition and location for its intended use. Buildings, machinery and equipment, motor vehicles and office and other equipment are stated at cost less accumulated depreciation and any impairment losses. Expenditures for routine repairs and maintenance are expensed as incurred. Depreciation for the following items is calculated on the straight-line basis over each asset’s estimated useful life down to the estimated residual value of each asset. Estimated useful lives are as follows: Schedule of Estimated Useful Life Buildings 8 – 35 years Machinery and equipment 3 – 15 years Motor vehicles 4 – 8 years Office and other equipment 4 – 8 years Residual values, useful Expenditure incurred after items of property, plant and equipment have been put into operation, such as repairs and maintenance, is normally charged to the statement of profit or loss in the period in which it is incurred. In situations where the recognition criteria are satisfied, the expenditure for a major inspection is capitalized in the carrying amount of the asset as a replacement. Where significant parts of property, plant and equipment are required to be replaced at intervals, the Group recognizes such parts as individual assets with specific useful lives and depreciates them accordingly. An item of property, plant and equipment including any significant part initially recognized is derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss on disposal or retirement recognized in the statement of profit or loss in the year the asset is derecognized is the difference between the net sales proceeds and the carrying amount of the relevant asset.
Intangible assets (other than goodwill)	(e) Intangible assets (other than goodwill) Intangible assets acquired separately are measured on initial recognition at cost. The cost of intangible assets acquired in a business combination is the fair value at the date of acquisition. The useful lives of intangible assets are assessed to be either finite or indefinite. Intangible assets with finite lives are subsequently amortized over the useful economic life and assessed for impairment whenever there is an indication that the intangible asset may be impaired. The amortization period and the amortization method for an intangible asset with a finite useful life are reviewed at least at each financial year end. The following intangible assets are amortized from the date they are available for use and their estimated useful lives are as follows: Concession right 28 Patents 18 Computer software 5 The useful life of the patents of the Group is determined based on the shorter of their statutory validity periods and the expected benefit periods. An intangible asset is derecognized on disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss arising upon derecognition (calculated as the difference between the net sale proceeds and the carrying amount of the relevant intangible asset) is included in the statement of profit or loss.
Leases	(f) Leases The Group assesses at contract inception whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. Group as a lessee The Group applies a single recognition and measurement approach for all leases, except for short-term leases and leases of low-value assets. The Group recognizes lease liabilities for obligations to make lease payments and right-of-use assets representing the right to use the underlying assets. At inception or on reassessment of a contract that contains a lease component and a non-lease component, the Group adopts the practical expedient not to separate the non-lease component and to account for the lease component and the associated non-lease component (e.g., property management services for leases of properties) as a single lease component. (1) Right-of-use assets Right-of-use assets are recognized at the commencement date of the lease (that is, the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and any impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognized, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Right-of-use assets are depreciated on a straight-line basis over the shorter of the lease terms and the estimated useful lives of the assets as follows: Offices and warehouse 2 5 Motor vehicles 2 If ownership of the leased asset transfers to the Group by the end of the lease term or the cost reflects the exercise of a purchase option, depreciation is calculated using the estimated useful life of the asset. (2) Lease liabilities Lease liabilities are recognized at the commencement date of the lease at the present value of lease payments to be made over the lease term. The lease payments include fixed payments (including in-substance fixed payments) less any lease incentives receivable, variable lease payments that depend on an index or a rate, and amounts expected to be paid under residual value guarantees. The lease payments also include the exercise price of a purchase option reasonably certain to be exercised by the Group and payments of penalties for termination of a lease, if the lease term reflects the Group exercising the option to terminate the lease. The variable lease payments that do not depend on an index or a rate are recognized as an expense in the period in which the event or condition that triggers the payment occurs. In calculating the present value of lease payments, the Group uses its incremental borrowing rate at the lease commencement date because the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities is remeasured if there is a modification, a change in the lease term, a change in lease payments (e.g., a change to future lease payments resulting from a change in an index or rate) or a change in assessment of an option to purchase the underlying asset. (3) Short-term leases The Group applies the short-term lease recognition exemption to its short-term leases of buildings (that is those leases that have a lease term of 12 months or less from the commencement date and do not contain a purchase option). Lease payments on short-term leases are recognized as an expense on a straight-line basis over the lease term.
Exploration and evaluation costs	(g) Exploration and evaluation costs Exploration and evaluation assets include topographical and geological surveys, exploratory drilling, sampling and trenching and activities in relation to commercial and technical feasibility studies, and expenditure incurred to secure further mineralization in existing bodies and to expand the capacity of a mine. Expenditure incurred prior to acquiring legal rights to explore an area is expensed as incurred. Once the exploration right has been acquired, exploration and evaluation expenditures are charged to the consolidated statement of profit or loss as , unless a future economic benefit is more likely than not to be realized. Exploration and evaluation assets acquired in a business combination are initially recognized at fair value. They are subsequently stated at cost less accumulated impairment. When it can be reasonably ascertained that a mining property is capable of commercial production, exploration and evaluation costs are transferred to tangible or intangible assets according to the nature of the exploration and evaluation assets. If any project is abandoned during the evaluation stage, the total expenditure thereon will be written off.
Impairment of non-financial assets	(h) Impairment of non-financial assets Where an indication of impairment exists, or when annual impairment testing for an asset is required (other than inventories, financial assets, deferred tax assets and contract assets), the asset’s recoverable amount is estimated. An asset’s recoverable amount is the higher of the asset’s or cash-generating unit’s value in use and its fair value less costs of disposal, and is determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or groups of assets, in which case the recoverable amount is determined for the cash-generating unit to which the asset belongs. In testing a cash-generating unit for impairment, a portion of the carrying amount of a corporate asset (e.g., a headquarters building) is allocated to an individual cash-generating unit if it can be allocated on a reasonable and consistent basis or, otherwise, to the smallest group of cash-generating units. An impairment loss is recognized only if the carrying amount of an asset exceeds its recoverable amount. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. An impairment loss is charged to the statement of profit or loss in the period in which it arises in those expense categories consistent with the function of the impaired asset. An assessment is made at the end of each reporting period as to whether there is an indication that previously recognized impairment losses may no longer exist or may have decreased. If such an indication exists, the recoverable amount is estimated. A previously recognized impairment loss of an asset other than goodwill is reversed only if there has been a change in the estimates used to determine the recoverable amount of that asset, but not to an amount higher than the carrying amount that would have been determined (net of any depreciation/amortization) had no impairment loss been recognized for the asset in prior years. A reversal of such an impairment loss is credited to the statement of profit or loss in the period in which it arises.
Investments and other financial assets	(i) Investments and other financial assets Initial recognition and measurement Financial assets are classified, at initial recognition, as subsequently measured at amortized cost, fair value through other comprehensive income, and fair value through profit or loss. The classification of financial assets at initial recognition depends on the financial asset’s contractual cash flow characteristics and the Group’s business model for managing them. With the exception of trade receivables that do not contain a significant financing component or for which the Group has applied the practical expedient of not adjusting the effect of a significant financing component, the Group initially measures a financial asset at its fair value, plus in the case of a financial asset not at fair value through profit or loss, transaction costs. Trade receivables that do not contain a significant financing component or for which the Group has applied the practical expedient are measured at the transaction price determined under IFRS 15 in accordance with the policies set out in Note 2.5 (aa) In order for a financial asset to be classified and measured at amortized cost or fair value through other comprehensive income, it needs to give rise to cash flows that are solely payments of principal and interest (“SPPI”) on the principal amount outstanding. Financial assets with cash flows that are not SPPI are classified and measured at fair value through profit or loss, irrespective of the business model. The Group’s business model for managing financial assets refers to how it manages its financial assets in order to generate cash flows. The business model determines whether cash flows will result from collecting contractual cash flows, selling the financial assets, or both. Financial assets classified and measured at amortized cost are held within a business model with the objective to hold financial assets in order to collect contractual cash flows, while financial assets classified and measured at fair value through other comprehensive income are held within a business model with the objective of both holding to collect contractual cash flows and selling. Financial assets which are not held within the aforementioned business models are classified and measured at fair value through profit or loss. All regular way purchases and sales of financial assets are recognized on the trade date, that is, the date that the Group commits to purchase or sell the asset. Regular way purchases or sales are purchases or sales of financial assets that require delivery of assets within the period generally established by regulation or convention in the marketplace. Subsequent measurement The subsequent measurement of financial assets depends on their classification as follows: Financial assets at amortized cost (debt instruments) Financial assets at amortized cost are subsequently measured using the effective interest method and are subject to impairment. Gains and losses are recognized in the statement of profit or loss when the asset is derecognized, modified or impaired. Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss are carried in the statement of financial position at fair value with net changes in fair value recognized in the statement of profit or loss. This category includes derivative instruments and equity investments which the Group had not irrevocably elected to classify at fair value through other comprehensive income. Dividends on equity investments classified as financial assets at fair value through profit or loss are also recognized as other income in the consolidated statement of profit or loss when the right of payment has been established, it is probable that the economic benefits associated with the dividend will flow to the Group and the amount of the dividend can be measured reliably.
Derecognition of financial assets	(j) Derecognition of financial assets A financial asset (or, where applicable, a part of a financial asset or part of a group of similar financial assets) is primarily derecognized (i.e., removed from the Group’s consolidated statement of financial position) when: • the rights to receive cash flows from the asset have expired; or • the Group has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in full without material delay to a third party under a “pass-through” arrangement; and either (a) the Group has transferred substantially all the risks and rewards of the asset, or (b) the Group has neither transferred nor retained substantially all the risks and rewards of the asset but has transferred control of the asset. When the Group has transferred its rights to receive cash flows from an asset or has entered into a pass-through arrangement, it evaluates if, and to what extent, it has retained the risk and rewards of ownership of the asset. When it has neither transferred nor retained substantially all the risks and rewards of the asset nor transferred control of the asset, the Group continues to recognize the transferred asset to the extent of the Group’s continuing involvement. In that case, the Group also recognizes an associated liability. The transferred asset and the associated liability are measured on a basis that reflects the rights and obligations that the Group has retained. Continuing involvement that takes the form of a guarantee over the transferred asset is measured at the lower of the original carrying amount of the asset and the maximum amount of consideration that the Group could be required to repay.
Impairment of financial assets	(k) Impairment of financial assets The Group recognizes an allowance for expected credit losses (“ECLs”) for all debt instruments not held at fair value through profit or loss. ECLs are based on the difference between the contractual cash flows due in accordance with the contract and all the cash flows that the Group expects to receive, discounted at an approximation of the original effective interest rate. The expected cash flows will include cash flows from the sale of collateral held or other credit enhancements that are integral to the contractual terms. General approach ECLs are recognized in two stages. For credit exposures for which there has not been a significant increase in credit risk since initial recognition, ECLs are provided for credit losses that result from default events that are possible within the next 12 months (a 12-month ECL). For those credit exposures for which there has been a significant increase in credit risk since initial recognition, a loss allowance is required for credit losses expected over the remaining life of the exposure, irrespective of the timing of the default (a lifetime ECL). At each reporting date, the Group assesses whether the credit risk on a financial instrument has increased significantly since initial recognition. When making the assessment, the Group compares the risk of a default occurring on the financial instrument as of the reporting date with the risk of a default occurring on the financial instrument as of the date of initial recognition and considers reasonable and supportable information that is available without undue cost or effort, including historical and forward-looking information. The Group considers a financial asset in default based on historical patterns and the credit risk management practices of the Group. However, in certain cases, the Group may also consider a financial asset to be in default when internal or external information indicates that the Group is unlikely to receive the outstanding contractual amounts in full before taking into account any credit enhancements held by the Group. A financial asset is written off when there is no reasonable expectation of recovering the contractual cash flows. Financial assets at amortized cost excluding trade receivables and contract assets are subject to impairment under the general approach and they are classified within the following stages for measurement of ECLs except for trade receivables and contract assets which apply the simplified approach as detailed below: Stage 1 – Financial instruments for which credit risk has not increased significantly since initial recognition and for which the loss allowance is measured at an amount equal to 12-month ECLs Stage 2 – Financial instruments for which credit risk has increased significantly since initial recognition but that are not credit-impaired financial assets and for which the loss allowance is measured at an amount equal to lifetime ECLs Stage 3 – Financial assets that are credit-impaired at the reporting date (but that are not purchased or originated credit-impaired) and for which the loss allowance is measured at an amount equal to lifetime ECLs Simplified approach For trade receivables and contract assets including those containing a significant financing component, the Group applies the simplified approach in calculating ECLs. Therefore, the Group does not track changes in credit risk, but instead recognizes a loss allowance based on lifetime ECLs at each reporting date. The Group has established a provision matrix that is based on its historical credit loss experience, adjusted for forward-looking factors specific to the debtors and the economic environment.
Financial liabilities	(l) Financial liabilities Initial recognition and measurement Financial liabilities are classified, at initial recognition, as financial liabilities at fair value through profit or loss, loans and borrowings, payables, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. All financial liabilities are recognized initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable transaction costs. The Group’s financial liabilities include trade payables, financial liabilities included in other payables and accruals, dividends payable, derivative financial liabilities, interest-bearing loans and borrowings, due to related companies and due to the shareholders. Subsequent measurement The subsequent measurement of financial liabilities depends on their classification as follows: Financial liabilities at fair value through profit or loss Financial liabilities at fair value through profit or loss include financial liabilities held for trading and financial liabilities designated upon initial recognition as at fair value through profit or loss. Financial liabilities are classified as held for trading if they are incurred for the purpose of repurchasing in the near term. This category also includes derivative financial instruments entered into by the Group that are not designated as hedging instruments in hedge relationships as defined by IFRS 9. Separated embedded derivatives are also classified as held for trading unless they are designated as effective hedging instruments. Gains or losses on liabilities held for trading are recognized in the statement of profit or loss. The net fair value gain or loss recognized in the statement of profit or loss does not include any interest charged on these financial liabilities. Financial liabilities designated upon initial recognition as at fair value through profit or loss are designated at the initial date of recognition, and only if the criteria in IFRS 9 are satisfied. Gains or losses on liabilities designated at fair value through profit or loss are recognized in the statement of profit or loss, except for the gains or losses arising from the Group’s own credit risk which are presented in other comprehensive income with no subsequent reclassification to the statement of profit or loss. The net fair value gain or loss recognized in the statement of profit or loss does not include any interest charged on these financial liabilities. Financial liabilities at amortized cost After initial recognition, lease liabilities are subsequently measured at amortized cost, using the effective interest rate method unless the effect of discounting would be immaterial, in which case they are stated at cost. Gains and losses are recognized in the statement of profit or loss when the liabilities are derecognized as well as through the effective interest rate amortization process. Amortized cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the effective interest rate. The effective interest rate amortization is included in finance costs in the statement of profit or loss.
Derecognition of financial liabilities	(m) Derecognition of financial liabilities A financial liability is derecognized when the obligation under the liability is discharged or cancelled, or expires. When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as a derecognition of the original liability and a recognition of a new liability, and the difference between the respective carrying amounts is recognized in the statement of profit or loss.
Offsetting of financial instruments	(n) Offsetting of financial instruments Financial assets and financial liabilities are offset and the net amount is reported in the statement of financial position if there is a currently enforceable legal right to offset the recognized amounts and there is an intention to settle on a net basis, or to realize the assets and settle the liabilities simultaneously.
Inventories	(o) Inventories Inventories include materials and spare parts and are stated at the lower of cost and net realizable values. Cost is determined on a weighted average cost basis and comprises costs of purchase and transportation costs. Net realizable values are based on the estimated selling expenses less any estimated cost to be incurred to completion and disposal.
Cash and cash equivalents	(p) Cash and cash equivalents For the purpose of the consolidated statement of cash flows, cash and cash equivalents comprise cash on hand and demand deposits, and short-term highly liquid investments that are readily convertible into known amounts of cash, are subject to an insignificant risk of changes in value, and have a short-term maturity of generally within three months when acquired, less bank overdrafts which are repayable on demand and form an integral part of the Group’s cash management. For the purpose of the consolidated statement of financial position, cash and cash equivalents comprise cash on hand and at banks, including term deposits, and assets similar in nature to cash, which are not restricted as to use.
Employee benefits	(q) Employee benefits Pension obligations The Group contributes on a monthly basis to various defined contribution retirement benefit plans administered by the PRC government. The relevant government agencies undertake to assume the retirement benefit obligation payable to all existing and future retired employees under these plans and the Group has no further obligation for post-retirement benefits beyond the contributions made. Further information is set out in Note 7 to the consolidated financial statements. Housing funds All full-time employees of the Group are entitled to participate in various government-sponsored housing funds. The Group contributes on a monthly basis to these funds based on certain percentages of the salaries of the employees. The Group's liability in respect of these funds is limited to the contributions payable in each year.
Share-based payments	(r) Share-based payments The placement agent of the Company’s private placement received a portion of its professional service fees in the form of share-based payments, whereby the placement agent rendered services as consideration for the warrants of the Company’s shares (equity-settled transactions). Equity-settled transaction The cost of equity-settled transactions is determined by the fair value at the date when the grant is made using a binomial lattice pricing model. If the cost of an equity-settled transaction is the transaction cost related to the issuance of a compound financial instrument, it is allocated to the liability and equity components of the instrument in proportion to the respective fair value on the date of issuance. That cost allocated to the liability component and equity component is recognized as an administrative expense and a deduction from equity, together with a corresponding increase in equity (other capital reserves), on the date which the services are rendered.
Borrowing costs	(s) Borrowing costs Borrowing costs consist of interest and other costs that an entity incurs in connection with the borrowing of funds. Borrowing costs directly relating to the acquisition, construction or production of a qualifying asset that necessarily takes a substantial period of time to get ready for its intended use or sale are capitalized as part of the cost of the respective asset. The capitalization of such borrowing costs ceases when the asset is substantially ready for its intended use or sale. All other borrowing costs are expensed in the period in which they are incurred. Borrowing costs consist of interest and other costs that an entity incurred in connection with the borrowing funds.
Income taxes	(t) Income taxes Income tax comprises current and deferred tax. Income tax relating to items recognized outside profit or loss is recognized outside profit or loss, either as other comprehensive income or loss, or directly in equity. Current tax assets and liabilities are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantially enacted by the end of the reporting date, taking into consideration interpretations and practices prevailing in the countries in which the Group operates. Deferred tax is provided, using the liability method, on all temporary differences at the reporting date between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes. Deferred tax liabilities are recognized for all taxable temporary differences, except: · when the deferred tax liability arises from the initial recognition of an asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting profit nor taxable profit or loss; and · in respect of taxable temporary differences associated with investments in subsidiaries, where the timing of the reversal of the temporary differences can be controlled and it is probable that the temporary differences will not reverse in the foreseeable future. Deferred tax assets are recognized for all deductible temporary differences, and the carryforward of unused tax credits and unused tax losses, to the extent that it is probable that taxable profit will be available against which the deductible temporary differences, and the carryforward of unused tax credits and unused tax losses can be utilized, except: · where the deferred tax assets relating to the deductible temporary differences arise from the initial recognition of an asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting profit nor taxable profit or loss; and · in respect of deductible temporary differences associated with investments in subsidiaries, deferred tax assets are only recognized to the extent that it is probable that the temporary differences will reverse in the foreseeable future and taxable profit will be available against which the temporary differences can be utilized. The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilized. Unrecognized deferred tax assets are reassessed at each reporting date and are recognized to the extent that it has become probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the period when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the reporting date. Deferred tax assets and deferred tax liabilities are offset if and only if the Group has a legally enforceable right to set off current tax assets and current tax liabilities and the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same taxation authority on either the same taxable entity or different taxable entities which intend either to settle current tax liabilities and assets on a net basis, or to realize the assets and settle the liabilities simultaneously, in each future period in which significant amounts of deferred tax liabilities or assets are expected to be settled or recovered.
Foreign currencies	(u) Foreign currencies The functional currency of substantially all the operations of the Group is the CNY, the national currency of the PRC. Transactions denominated in currencies other than the CNY recorded by the entities of the Group are initially recorded using their respective functional currency rates prevailing at the dates of the transactions. Monetary assets and liabilities denominated in other currencies have been translated into CNY at the functional currency rates of exchange prevailing at the end of the reporting period. The resulting exchange gains or losses are credited or charged to the consolidated statement of profit or loss. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using the exchange rates at the date of the initial transactions. The functional currency of the Company is the Hong Kong dollar. The consolidated financial statements of certain overseas subsidiary operations with a functional currency other than the CNY have been translated into CNY. The assets and liabilities of these entities have been translated using the exchange rates prevailing at the reporting date and their consolidated statements of profit or loss have been translated using the weighted average exchange rate for the year. Resulting translation adjustments are reported as a separate component of other comprehensive income. On disposal of a foreign operation, the cumulative amount recognized in equity relating to that particular foreign operation is recognized in the consolidated statement of profit or loss.
Convenience translation	(v) Convenience translation The consolidated financial statements are stated in CNY. The translation of amounts from CNY into US$ is supplementary information and is included solely for the convenience of the readers and has been made at the rate of exchange quoted by www.ofx.com on December 31, 2021 of US$1.00 = CNY6.3559. No representation is made that the CNY amounts could have been, or could be, converted into US$ at that rate on December 31, 2021 or at any other date.
Provisions	(w) Provisions A provision is recognized when a present obligation (legal or constructive) has arisen as a result of a past event and it is probable that a future outflow of resources will be required to settle the obligation, provided that a reliable estimate can be made of the amount of the obligation. When the effect of discounting is material, the amount recognized for a provision is the present value at the end of the reporting period of the future expenditures expected to be required to settle the obligation. The increase in the discounted present value amount arising from the passage of time is included in finance costs in the consolidated statement of profit or loss.
Dividends	(x) Dividends Final dividends are recognized as a liability when they are approved by the Directors in a general meeting. Interim dividends are simultaneously proposed and declared, because the Company's memorandum and articles of association grant the Directors the authority to declare interim dividends. Consequently, interim dividends are recognized immediately as a liability when they are proposed and declared.
Government grants	(y) Government grants Government grants are recognized at their fair value where there is reasonable assurance that the grant will be received, and all attaching conditions will be complied with. When the grant relates to an expense item, it is recognized as income on a systematic basis over the period in which the costs for which it is intended to compensate are expensed.
Service concession arrangement	(z) Service concession arrangement The Group has entered a service concession arrangement with the governmental entity of Guangdong Shaoguan which is the grantor of the service concession arrangement. Under this service concession arrangement: - the grantor controls or regulates the services the Group must provide with the infrastructure, to whom it must provide them, and at what price; and - the grantor controls, through ownership, beneficial entitlement or otherwise, any significant residual interest in the infrastructure at the end of the term of the arrangement, or the infrastructure is used for its entire useful life under the arrangements, or both the Group’s practical ability to sell or pledge the infrastructure is restricted and continuing right of use of the infrastructure is given to the grantor throughout the period of the arrangements. A financial asset (receivable under a service concession arrangement) is recognized to the extent that (a) the Group has an unconditional right to receive cash or another financial asset from or at the direction of the grantor for the construction services rendered and/or the consideration paid and payable by the Group for the right to charge users of the public service; and (b) the grantor has little, if any, discretion to avoid payment, usually because the agreement is enforceable by law. The Group has an unconditional right to receive cash or another financial asset if nothing other than the passage of time is required before payment of the consideration is due and the grantor contractually guarantees to pay the Group (a) specified or determinable amounts or (b) the shortfall, if any, between amounts received from users of the public service and specified or determinable amounts, even if the payment is contingent on the Group ensuring that the infrastructure meets specified quality of efficiency requirements. The financial asset (receivable under service concession arrangement) is accounted for in accordance with the policy set out for loans and receivables under “Investments and other financial assets” above. An intangible asset (concession right) is recognized to the extent that the Group receives a right to charge users of the public service, which is not an unconditional right to receive cash because the amounts are contingent on the extent that the public uses the service. The intangible asset (concession right) is accounted for in accordance with the policy set out for “Intangible assets (other than goodwill)” above. Construction services If the Group is paid partly with a financial asset and partly with an intangible asset, each component of the consideration is accounted for separately and the consideration received or receivable for both components will be recognized initially at the fair value of the consideration received or receivable. Revenue relating to construction is accounted for in accordance with the policy set out for “Revenue from contracts with customers - Construction services” below. Operating services Revenue relating to operating services is accounted for in accordance with the policy for “Revenue from contracts with customers-Operation services of service concession arrangements” below. Costs for operating services are expensed in the period in which they are incurred.
Revenue recognition	(aa) Revenue recognition Revenue from contracts with customers Revenue from contracts with customers is recognized when control of goods or services is transferred to the customers at an amount that reflects the consideration to which the Group expects to be entitled in exchange for those goods or services. When the consideration in a contract includes a variable amount, the amount of consideration is estimated to be that to which the Group will be entitled in exchange for transferring the goods or services to the customer. The variable consideration is estimated at contract inception and constrained until it is highly probable that a significant revenue reversal in the amount of cumulative revenue recognized will not occur when the associated uncertainty with the variable consideration is subsequently resolved. When the contract contains a financing component which provides the customer with a significant benefit of financing the transfer of goods or services to the customer for more than one year, revenue is measured at the present value of the amount receivable, discounted using the discount rate that would be reflected in a separate financing transaction between the Group and the customer at contract inception. When the contract contains a financing component which provides the Group with a significant financial benefit for more than one year, revenue recognized under the contract includes the interest expense accreted on the contract liability under the effective interest method. For a contract where the period between the payment by the customer and the transfer of the promised goods or services is one year or less, the transaction price is not adjusted for the effects of a significant financing component, using the practical expedient in IFRS 15. The Group satisfies a performance obligation and recognizes revenue over time, if one of the following criteria is met: – The customer simultaneously receives and consumes the benefits provided by the Group’s performance as the Group performs. – The Group’s performance creates or enhances an asset that the customer controls as the asset is created or enhanced. – The Group’s performance does not create an asset with an alternate use to the Group and the Group has an enforceable right to payment for performance completed to date. If none of the above conditions are met, the Group recognizes revenue at the point in time at which the performance obligation is satisfied. The progress towards complete satisfaction of the performance obligation is measured based on the Group’s efforts or inputs to the satisfaction of the performance obligation, by reference to the surveyors’ assessment of work performed and the costs incurred up to the end of the reporting period as a percentage of total estimated costs for each contract. When the Group provides more than one service in a service concession arrangement, the transaction price will be allocated to each performance obligation by reference to their relative stand-alone selling prices. In determining the transaction price, the Group adjusts the promised amount of consideration for the effect of a financing component if it is significant. Construction services The Group’s performance in respect of construction services creates or enhances an asset or work in progress that the customer controls as the asset is created or enhanced. The Group satisfies the performance obligation and recognizes revenue over time, by reference to completion of the specific transaction assessed on the basis of the surveyors’ assessment of work performed for each contract. The fair value of the construction services under a service concession arrangement is initially estimated at the date of the agreement based on a cost-plus-margin basis with reference to the prevailing market rate of gross margin applicable to similar construction services rendered. Operation services of service concession arrangements The operation revenue from service concession arrangements is recognized over the period of time that the services are rendered, and the benefits are received and consumed simultaneously by the customers. Sales of water treatment equipment Revenue from the sales of water treatment equipment is recognized at the point in time when control of the asset is transferred to the customer. Control is generally transferred when: (i) the customer obtains the physical possession or the legal title of water treatment equipment; and (ii) the Group has a present right to payment and the collection of the consideration is probable. Maintenance services Revenue from maintenance services is recognized over the period of time that the services are rendered, and the benefits are received and consumed simultaneously by the customers. Trading of copper ores The Group purchased copper ores from third-party suppliers and then resells to a third-party trading company. The Group controlled the copper ores prior to selling them to customers. Revenue was recognized on a gross basis, and at the point in time when control of the asset was transferred to the customer, upon delivery of the copper ores to the customers. Other income Imputed finance income under a service concession arrangement is recognized on an accrual basis using the effective interest rate method by applying the rate that discounts the estimated future cash receipts over the expected life of the financial instrument or a shorter period, when appropriate, to the net carrying amount of the financial asset. Interest income is recognized on an accrual basis using the effective interest method by applying the rate that discounts the estimated future cash receipts over the expected life of the financial instrument or a shorter period, when appropriate, to the net carrying amount of the financial asset.
Contract assets and contract liabilities	(ab) Contract assets and contract liabilities Contract assets A contract asset is the right to consideration in exchange for services or goods transferred to the customer. If the Group performs by transferring services or goods to a customer before the customer pays consideration or before the right to payment is unconditional other than the passage of time, a contract asset is recognized for the earned consideration that is conditional. Contract assets are subject to impairment assessment according to the policy set out for “ (k) Impairment of financial assets” Contract liabilities A contract liability is the obligation to transfer services or goods to a customer from which the Group has received consideration (or from which an amount of consideration is unconditionally due) from the customer. If a customer pays consideration before the Group transfers services or goods to the customer, a contract liability is recognized when the payment is made or the payment is unconditionally due (whichever is earlier). Contract liabilities are recognized as revenue when the Group performs under the contract. 2.6 SIGNIFICANT ACCOUNTING JUDGMENTS AND ESTIMATES The preparation of the consolidated financial statements in conformity with IFRSs requires management to make judgments, estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. Uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment to the carrying amount of the asset or liability affected in future periods. Judgments In the process of applying the Group’s accounting policies, management has made the following judgments, apart from those involving estimations, which have the most significant effects on the amounts recognized in the financial statements. Service concession arrangement The Group entered into Public-Private Partnership (“PPP”) projects under Build-Operate-Transfer (“BOT”) arrangements in respect of its environmental water projects. The Group has concluded that the BOT arrangement is a service concession arrangement under IFRIC 12 Service Concession Arrangements, because the local government controls and regulates the services that the Group must provide with the infrastructure at a pre-determined service charge and, upon expiration of concession right agreements, the infrastructure has to be transferred to the local government at nil consideration. Income taxes The Group is subject to income taxes in Hong Kong and the PRC. The Group carefully evaluates tax implications of its transactions in accordance with prevailing tax regulations and makes tax provision accordingly. However, judgment is required in determining the Group’s provision for income taxes as there are many transactions and calculations, of which the ultimate tax determination is uncertain, during the ordinary course of business. Where the final tax outcome of these matters is different from the amounts that were initially recorded, such differences will impact on the income tax and deferred tax provision in the periods in which such determination is made. The carrying amounts of current tax payable carried as a liability in the consolidated statement of financial position as of December 31, 2020 and 2021 were CNY18,612 and CNY9,254 (US$1,456), respectively. Estimation uncertainty Contract asset and intangible asset under IFRIC 12 Service Concession Arrangements The Group recognizes the consideration received or receivable in exchange for the construction services as a contract asset and an intangible asset under a service concession arrangement. However, if the Group is paid for the construction services partly by a cash consideration and partly by an intangible asset, it is necessary to separately account for each component of the operator’s consideration. Both components of consideration received or receivable initially are recognized at their respective fair values. The segregation of the consideration for a service concession arrangement between the contract asset component and the intangible asset component, if any, requires the Group to make an estimate of a number of factors, which include, inter alia concession right Provision for expected credit losses on financial assets at amortized cost and contract assets The policy for provision for expected credit losses on contract assets and financial assets at amortized cost including trade receivables, other receivables and amounts due from related parties is based on an ECL model. A considerable amount of estimation is required in assessing the available information which includes past collection history, age of balances, customer type and forecasts of future economic conditions to estimate the ECLs. The amount of ECLs is sensitive to changes in circumstances and of forecast economic conditions. The Group’s historical credit loss experience and forecast of economic conditions may also not be representative of a customers’ actual default in the future. The information about the ECLs on the Group’s contract assets and financial assets at amortized cost is disclosed in Notes 15, 16, 17 and 26.

ORGANIZATION AND PRINCIPAL AC_2

ORGANIZATION AND PRINCIPAL ACTIVITIES (Tables)	12 Months Ended
	Dec. 31, 2021
Organization And Principal Activities
Schedule of Organisation	Schedule of Organisation Place of registration and Nominal value Percentage of equity Principal activities Name Direct Indirect China Coal Mining Investment Limited (“China Coal”) Hong Kong * 100 — Investment holding FMH Corporate Services Inc. United States * 100 — Dormant Feishang Dayun Coal Mining Limited Hong Kong * — 100 Investment holding Feishang Mining Holdings Limited BVI * 100 — Investment holding Feishang Yongfu Mining Limited Hong Kong * — 100 Investment holding Newhold Investments Limited BVI * 100 — Investment holding Pineboom Investments Limited BVI * 100 — Investment holding Shenzhen Feishang Management and Consulting Co., Limited (“Feishang Management”) PRC/Mainland China CNY10,000 — 100 Provision of management and consulting services to other companies in the Group Silver Moon Technologies Limited BVI CNY1 80 — Dormant Sunwide Capital Limited BVI * 100 — Dormant Yangpu Shuanghu Industrial Development Co., Limited PRC/Mainland China CNY1,000 — 100 Investment holding Yunnan Feishang Mining Co., Limited PRC/Mainland China CNY50,000 — 100 Investment holding Bayannaoer City Feishang Mining Company Limited PRC/Mainland China CNY59,480 — 100 Exploration and development of lead mine Precise Space-Time Technology Limited (“PST Technology”)** Hong Kong HK$10 100 Investment holding Shenzhen New Precise Space-Time Technology Co., Limited (“Shenzhen New PST”) PRC/Mainland China US$800 — 100 Investment holding Shenzhen Qianhai Feishang Environmental Investment Co., Limited (“Shenzhen Qianhai”)** PRC/Mainland China CNY100,000 — 100 Investment holding Shanghai Onway Environmental Development Co., Limited (“Shanghai Onway”)** PRC/Mainland China CNY20,408 — 51 Construction service, maintenance service and sales of equipment related to wastewater treatment Zhejiang Xinyu Environmental Technology Co., Limited** PRC/Mainland China CNY20,000 — 51 Construction service, maintenance service and sales of equipment related to wastewater treatment Shaoguan Angrui Environmental Technology Development Co., Limited (“Shaoguan Angrui”)** PRC/Mainland China CNY26,682 — 28 Wastewater and refuse treatment under service concession agreement

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2021
Summary Of Significant Accounting Policies
Schedule of Estimated Useful Life	Schedule of Estimated Useful Life Buildings 8 – 35 years Machinery and equipment 3 – 15 years Motor vehicles 4 – 8 years Office and other equipment 4 – 8 years

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2021
Segment Information
Schedule of Segment Results	Schedule of Segment Results Year Ended December 31, 2019 (As adjusted) Wastewater treatment Exploration and mining Corporate activities Total CNY CNY CNY CNY Revenues from external customers 134,210 12,969 — 147,179 Segment loss before income tax (43,557 ) (964 ) (4,781 ) (49,302 ) Income tax benefit 1,374 Loss for the year (47,928 ) Other items Depreciation of property, plant and equipment (468 ) (62 ) (4 ) (534 ) Depreciation of right of use assets (629 ) (34 ) (1,153 ) (1,816 ) Amortization of intangible assets (1,185 ) — — (1,185 ) Impairment losses on financial assets - Trade receivables (7,673 ) — — (7,673 ) - Contract assets (33 ) — — (33 ) - Amounts due from related companies (1,109 ) — (552 ) (1,661 ) Impairment loss on intangible assets (16,662 ) — — (16,662 ) Impairment loss on goodwill (31,478 ) — — (31,478 ) Other income 1,430 — 1 1,431 Finance costs (273 ) (2 ) (65 ) (340 ) Finance income 12,792 1 15 12,808 As of December 31, 2019 (As adjusted) Segment assets 335,858 4,268 51,702 391,828 Unallocated assets: Deferred tax assets 3,132 Total assets 394,960 Segment liabilities 121,318 6,560 77,070 204,948 Unallocated liabilities: Deferred tax liabilities 150 Income tax payable 24,161 Total liabilities 229,259 For the year ended December 31, 2020, the segment results were as follows: Year Ended December 31, 2020 (As adjusted) Wastewater treatment Exploration and mining Corporate activities Total CNY CNY CNY CNY Revenues from external customers 35,631 6,867 — 42,498 Segment (loss)/profit before income tax (112 ) (682 ) 24,973 24,179 Income tax expense (1,258 ) Profit for the year 22,921 Other items Depreciation of property, plant and equipment (500 ) (62 ) (3 ) (565 ) Depreciation of right of use assets (687 ) — (976 ) (1,663 ) Amortization of intangible assets (156 ) — — (156 ) Impairment (losses)/reversal on financial assets - Trade receivables (4,544 ) — — (4,544 ) - Contract assets (172 ) — — (172 ) - Amounts due from related companies 334 — 220 554 Fair value gain on financial instrument — — 31,334 31,334 Other income 1,415 200 1 1,616 Finance costs (3,687 ) (1 ) (61 ) (3,749 ) Finance income 15,449 1 18 15,468 As of December 31, 2020 (As adjusted) Segment assets 337,050 39 190,047 527,136 Unallocated assets: Deferred tax assets 2,920 Total assets 530,056 Segment liabilities 116,140 3,013 90,066 209,219 Unallocated liabilities: Deferred tax liabilities 10,426 Income tax payable 18,612 Total liabilities 238,257 For the year ended December 31, 2021, the segment results were as follows: Year Ended December 31, 2021 Wastewater treatment Exploration and mining Corporate activities Total CNY CNY CNY CNY Revenues from external customers 18,735 — — 18,735 Segment loss before income tax (7,216 ) (161 ) (45,459 ) (52,836 ) Income tax expense (2,135 ) Loss for the year (54,971 ) Other items Depreciation of property, plant and equipment (445 ) (62 ) (3 ) (510 ) Depreciation of right of use assets (647 ) — (719 ) (1,366 ) Amortization of intangible assets (884 ) — — (884 ) Impairment (losses)/reversal on financial assets - Trade receivables (3,840 ) — — (3,840 ) - Contract assets (357 ) — — (357 ) - Other receivables — — (239 ) (239 ) - Amounts due from related companies 775 — 331 1,106 Fair value loss on financial instruments, net — — (38,349 ) (38,349 ) Other (losses)/income (782 ) 600 (1 ) (183 ) Finance costs (4,192 ) (1 ) (166 ) (4,359 ) Finance income 13,537 1 3,397 16,935 As of December 31, 2021 Segment assets 390,895 321 22,166 413,382 Reconciliation: Elimination of inter-segment receivables (80,000 ) Unallocated assets: Deferred tax assets 66 Total assets 333,448 Segment liabilities 113,124 3,294 103,195 219,613 Reconciliation: Elimination of inter-segment payables (80,000 ) Unallocated liabilities: Deferred tax liabilities 2,544 Income tax payable 9,254 Total liabilities 151,411 For the year ended December 31, 2021, the segment results were as follows (continued): Year Ended December 31, 2021 Wastewater treatment Exploration and mining Corporate activities Total US$ US$ US$ US$ Revenues from external customers 2,948 — — 2,948 Segment loss before income tax (1,135 ) (25 ) (7,153 ) (8,313 ) Income tax expense (336 ) Loss for the year (8,649 ) Other items Depreciation of property, plant and equipment (70 ) (10 ) — (80 ) Depreciation of right of use assets (102 ) — (113 ) (215 ) Amortization of intangible assets (139 ) — — (139 ) Impairment (losses)/reversal on financial assets - Trade receivables (604 ) — — (604 ) - Contract assets (56 ) — — (56 ) - Other receivables — — (38 ) (38 ) - Amounts due from related companies 122 — 52 174 Other (losses)/income (123 ) 94 — (29 ) Fair value loss on financial instruments, net — — (6,034 ) (6,034 ) Finance costs (660 ) — (26 ) (686 ) Finance income 2,131 — 534 2,665 As of December 31, 2021 Segment assets 61,501 51 3,487 65,039 Reconciliation: Elimination of inter-segment receivables (12,587 ) Unallocated assets: Deferred tax assets 10 Total assets 52,462 Segment liabilities 17,798 518 16,235 34,551 Reconciliation: Elimination of inter-segment payables (12,587 ) Unallocated liabilities: Deferred tax liabilities 401 Income tax payable 1,456 Total liabilities 23,821 Geographical information (a) Non-current assets
Schedule of Non-current assets	Schedule of Non-current assets December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) Mainland China 4,327 22,905 3,603 Hong Kong 1,079 360 57 Total 5,406 23,265 3,660

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	12 Months Ended
	Dec. 31, 2021
Revenue From Contracts With Customers
Revenue from contracts with customers	Revenue from contracts with customers Year Ended December 31, 2019 (As adjusted) Wastewater treatment Exploration and mining Total CNY CNY CNY Segments Type of goods or services Sales of copper ores — 12,969 12,969 Sales of water treatment equipment 2,275 — 2,275 Construction contract revenue 37,773 — 37,773 Operation and maintenance services 3,245 — 3,245 Operation services of service concession arrangement 2,295 — 2,295 Construction services of service concession arrangement 88,622 — 88,622 Total revenue from contracts with customers 134,210 12,969 147,179 Geographic market Mainland China 134,210 12,969 147,179 Timing of revenue recognition At a point in time 2,275 12,969 15,244 Over time 131,935 — 131,935 Total revenue from contracts with customers 134,210 12,969 147,179 Year Ended December 31, 2020 (As adjusted) Wastewater treatment Exploration and mining Total CNY CNY CNY Segments Type of goods or services Sales of copper ores — 6,867 6,867 Construction contract revenue 7,665 — 7,665 Operation and maintenance services 3,561 — 3,561 Operation services of service concession arrangement 2,295 — 2,295 Construction services of service concession arrangement 22,110 — 22,110 Total revenue from contracts with customers 35,631 6,867 42,498 Geographic market Mainland China 35,631 6,867 42,498 Timing of revenue recognition At a point in time — 6,867 6,867 Over time 35,631 — 35,631 Total revenue from contracts with customers 35,631 6,867 42,498 Year Ended December 31, 2021 Wastewater treatment Exploration and mining Total Total CNY CNY CNY US$ Segments Type of goods or services Construction contract revenue 12,203 — 12,203 1,920 Operation and maintenance services 183 — 183 29 Operation services of service concession arrangement 5,953 — 5,953 937 Construction services of service concession arrangement 396 — 396 62 Total revenue from contracts with customers 18,735 — 18,735 2,948 Geographic market Mainland China 18,735 — 18,735 2,948 Timing of revenue recognition Over time 18,735 — 18,735 2,948 Total revenue from contracts with customers 18,735 — 18,735 2,948
Performance Obligation	Performance Obligation Year Ended December 31, 2019 2020 2021 2021 CNY CNY CNY US$ (As adjusted) (As adjusted) Amounts expected to be recognized as revenue: Within one year 29,383 10,201 17,774 2,797 After one year 202,515 192,314 183,114 28,810 Amounts expected in Revenues 231,898 202,515 200,888 31,607

FINANCE INCOME AND COSTS (Table

FINANCE INCOME AND COSTS (Tables)	12 Months Ended
	Dec. 31, 2021
Finance Income And Costs
Finance income and costs	Finance income and costs Year Ended December 31, 2019 2020 2021 2021 CNY CNY CNY US$ (As adjusted) (As adjusted) Finance income Interest income on loans to related parties/ a third party 6,581 6,455 6,780 1,066 Interest income on revenue contracts with significant financing component 3,735 3,161 2,313 365 Interest income from service concession arrangement 2,276 4,977 7,264 1,143 Interest income on structured deposits — 660 328 52 Interest income on bank deposit 216 215 250 39 Finance income 12,808 15,468 16,935 2,665 Finance costs Interest expenses on loans 345 4,028 4,035 635 Interest expense on lease liabilities 102 80 150 24 Other finance costs (43 ) 292 231 36 Less: interest expense capitalized into intangible assets-concession right* (64 ) (651 ) (57 ) (9 ) Finance costs 340 3,749 4,359 686

(LOSS)_PROFIT BEFORE INCOME T_2

(LOSS)/PROFIT BEFORE INCOME TAX (Tables)	12 Months Ended
	Dec. 31, 2021
Lossprofit Before Income Tax
Schedule of profit before tax is arrived at after (crediting)/charging	Schedule of profit before tax is arrived at after (crediting)/charging Year Ended December 31, 2019 2020 2021 2021 CNY CNY CNY US$ (As adjusted) (As adjusted) Crediting: Finance income (Note 5) (12,808 ) (15,468 ) (16,935 ) (2,665 ) Charging: Cost of sales - Sales of copper ores 12,752 6,854 — — - Sales of water treatment equipment 1,189 — — — - Construction service 31,982 6,479 12,876 2,027 - Operation and maintenance services 2,821 3,177 162 25 - Operation services related to service concession arrangement 3,716 3,878 5,067 797 - Construction services related to service concession arrangement 79,681 18,827 389 61 Cost of sales 132,141 39,215 18,494 2,910 Depreciation - Property, plant and equipment (Note 11) 534 565 510 80 - Right-of-use assets (Note 14) 1,816 1,663 1,366 215 Amortization of intangible assets* (Note 12) 1,185 156 884 139 Expense relating to short-term leases 445 496 601 95 Impairment losses/(reversal) on financial assets: - Trade receivables 7,673 4,544 3,840 604 - Contract assets 33 172 357 56 - Other receivables — — 239 38 - Amounts due from related companies 1,661 (554 ) (1,106 ) (174 ) Impairment loss on intangible assets (Note 13) 16,662 — — — Impairment loss on goodwill (Note 13) 31,478 — — — Fair value (gain)/loss on financial instruments: - Financial assets at fair value through profit or loss (Note 22 (a)) — (31,334 ) 45,816 7,209 - Derivative financial liabilities (Note 22 (b)) — — (7,467 ) (1,175 ) Issuance expense related to placement — — 1,579 248 Other (income)/losses (1,431 ) (1,616 ) 183 29 Finance costs (Note 5) 340 3,749 4,359 686 Employee benefit expenses* (Note 7) 15,395 11,412 11,496 1,809

EMPLOYEE BENEFITS (Tables)

EMPLOYEE BENEFITS (Tables)	12 Months Ended
	Dec. 31, 2021
Employee Benefits
Schedule of Employee Benefits	Schedule of Employee Benefits Year Ended December 31, 2019 2020 2021 2021 CNY CNY CNY US$ (As adjusted) (As adjusted) Wages, salaries and allowances 12,371 9,680 9,302 1,464 Housing funds (a) 405 331 415 65 Contribution to pension plans (a) 1,718 518 1,493 235 Welfare and other expenses 1,038 972 333 52 Less: employee benefit expenses capitalized into intangible assets-concession right (137 ) (89 ) (47 ) (7 ) Total employee benefits 15,395 11,412 11,496 1,809

INCOME TAX (BENEFIT)_EXPENSE (T

INCOME TAX (BENEFIT)/EXPENSE (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Benefitexpense
Schedule of Current and Deferred Components of Income Tax	Schedule of Current and Deferred Components of Income Tax Year Ended December 31, 2019 2020 2021 2021 CNY CNY CNY US$ (As adjusted) (As adjusted) Current income tax expense/(benefit) 3,817 (4,436 ) 2,294 361 Deferred income tax (benefit)/expense (5,191 ) (5,694 ) (159 ) (25 ) Total (1,374 ) 1,258 2,135 336
Schedule of Loss Before Income Tax from Continuing Operations	Schedule of Loss Before Income Tax from Continuing Operations Year Ended December 31, 2019 2020 2021 2021 CNY CNY CNY US$ (As adjusted) (As adjusted) PRC (45,335 ) (1,214 ) (4,669 ) (734 ) BVI (3,824 ) 25,442 (48,106 ) (7,569 ) Hong Kong (143 ) (49 ) (61 ) (10 ) Total (loss)/profit before income tax for the year (49,302 ) 24,179 (52,836 ) (8,313 )
Schedule of Reconciliation of Income Taxes from Continuing Operations	Schedule of Reconciliation of Income Taxes from Continuing Operations Year Ended December 31, 2019 2020 2021 2021 CNY CNY CNY US$ (As adjusted) (As adjusted) (Loss)/profit before income tax for the year (49,302 ) 24,179 (52,836 ) (8,313 ) Tax at the statutory tax rate 25 % 25 % 25 % 25 % Computed income tax (benefit)/expense (12,325 ) 6,045 (13,209 ) (2,078 ) Effect of different tax rates of the Company and certain subsidiaries 966 (1,186 ) 6,937 1,091 Tax losses with no deferred tax assets recognized 468 1,067 1,770 278 Non-deductible expenses - Impairment of goodwill 7,870 — — — - Other non-deductible expenses 153 196 122 19 Deductibility of statutory income/(expense) 1,117 (903 ) — — Utilization of previously unrecognized deductible temporary differences — (50 ) (150 ) (24 ) Write-off of unrecoverable deferred tax assets previously recognized — — 2,987 470 Preferential tax rate 360 2,038 2,215 348 Current and deferred tax rate differences (436 ) (488 ) — — Others* 453 (5,461 )* 1,463 232 Income tax (benefit)/expense (1,374 ) 1,258 2,135 336 * It mainly represents the reversal of a prior withholding CIT payable which is no longer required to be paid according to the prevailing Regulations for Implementing the Corporate Income Tax Law of the PRC and penalties for overdue income tax payment.
Schedule of Deferred Tax Liabilities	Schedule of Deferred Tax Liabilities Year Ended December 31, 2019 2020 2021 2021 CNY CNY CNY US$ (As adjusted) (As adjusted) As of January 1 4,042 7,319 8,378 1,318 Additions based on tax positions 3,277 1,059 — — As of December 31 7,319 8,378 8,378 1,318

(LOSS)_EARNINGS PER SHARE (Tabl

(LOSS)/EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2021
Lossearnings Per Share
Schedule of Basic and Diluted Loss Per Share	Schedule of Basic and Diluted Loss Per Share Year Ended December 31, 2019 2020 2021 2021 CNY CNY CNY US$ (As adjusted) (As adjusted) (Loss)/ profit: (Loss)/ profit attributable to ordinary equity holders of the Company (43,042 ) 24,336 (48,152 ) (7,576 ) Number of shares: Weighted average number of common shares for basic and diluted loss per share: Basic and diluted 27,910,916 31,308,653 40,720,246 40,720,246 (Loss)/earnings per share: Basic and diluted (1.54 ) 0.78 (1.18 ) (0.19 )

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2021
Property, plant and equipment [abstract]
Schedule of Property Plant and Equipment	Schedule of Property Plant and Equipment Machinery and Motor Office and other Buildings equipment vehicle equipment Total CNY CNY CNY CNY CNY ( As adjusted) Cost As of January 1, 2020 43 1,270 2,440 667 4,420 Additions 3 12 218 33 266 Disposal — — (130 ) — (130 ) Foreign exchange difference — (51 ) — — (51 ) As of December 31, 2020 46 1,231 2,528 700 4,505 Accumulated depreciation As of January 1, 2020 (3 ) (1,191 ) (1,298 ) (416 ) (2,908 ) Depreciation charge (3 ) (18 ) (439 ) (105 ) (565 ) Disposal — — 124 — 124 Foreign exchange difference (3 ) 50 — — 47 As of December 31, 2020 (9 ) (1,159 ) (1,613 ) (521 ) (3,302 ) Net book value As of January 1, 2020 40 79 1,142 251 1,512 As of December 31, 2020 37 72 915 179 1,203 Cost As of January 1, 2021 (As adjusted) 46 1,231 2,528 700 4,505 Additions — — — 28 28 Disposal — (28 ) (42 ) — (70 ) Foreign exchange difference — (26 ) — — (26 ) As of December 31, 2021 46 1,177 2,486 728 4,437 Accumulated depreciation As of January 1, 2021 (As adjusted) (9 ) (1,159 ) (1,613 ) (521 ) (3,302 ) Depreciation charge (3 ) (13 ) (441 ) (53 ) (510 ) Disposal — 24 40 — 64 Foreign exchange difference — 26 — — 26 (12 ) (1,122 ) (2,014 ) (574 ) (3,722 ) Net book value As of December 31, 2021 34 55 472 154 715 As of December 31, 2021 (US$) 6 10 73 23 112

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2021
Intangible Assets
Schedule of Intangible assets	Schedule of Intangible assets Patent Concession right Software Total CNY CNY CNY CNY (As adjusted) Cost As of January 1, 2020 22,878 — 274 23,152 Additions — — — — As of December 31, 2020 22,878 — 274 23,152 Accumulated amortization and impairment As of January 1, 2020 (22,273 ) — (80 ) (22,353 ) Amortization charge (115 ) — (41 ) (156 ) As of December 31, 2020 (22,388 ) — (121 ) (22,509 ) Net carrying amount As of January 1, 2020 605 — 194 799 As of December 31, 2020 490 — 153 643 Cost As of January 1, 2021 (As adjusted) 22,878 — 274 23,152 Transfer in — 20,430 — 20,430 As of December 31, 2021 22,878 20,430 274 43,582 Accumulated amortization and impairment As of January 1, 2021 (As adjusted) (22,388 ) — (121 ) (22,509 ) Amortization charge (105 ) (730 ) (49 ) (884 ) As of December 31, 2021 (22,493 ) (730 ) (170 ) (23,393 ) Net carrying amount As of December 31, 2021 385 19,700 104 20,189 As of December 31, 2021 (US$) 61 3,099 16 3,176

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2021
Leases
Schedule of Associated Lease Liabilities	Schedule of Associated Lease Liabilities Motor vehicles Offices and warehouse Total CNY CNY CNY (As adjusted) As of January 1, 2020 — 1,142 1,142 Addition 490 3,591 4,081 Depreciation charge (82 ) (1,581 ) (1,663 ) As of December 31, 2020 408 3,152 3,560 As of January 1, 2021 (As adjusted) 408 3,152 3,560 Addition — 157 157 Depreciation charge (163 ) (1,203 ) (1,366 ) As of December 31, 2021 245 2,106 2,351 As of December 31, 2021 (US$) 39 331 370
Schedule of Lease Liabilities	Schedule of Lease Liabilities Motor vehicles Offices and warehouse Total CNY CNY CNY (As adjusted) As of January 1, 2020 — 1,238 1,238 Addition 490 3,591 4,081 Accretion of interest recognized during the year 12 68 80 Payments — (1,849 ) (1,849 ) As of December 31, 2020 502 3,048 3,550 Analyzed into: Current portion 163 1,219 1,382 Non-current portion 339 1,829 2,168 Motor vehicles Offices and warehouse Total CNY CNY CNY As of January 1, 2021(As adjusted) 502 3,048 3,550 Addition — 102 102 Accretion of interest recognized during the year 17 133 150 Payments (364 ) (1,249 ) (1,613 ) As of December 31, 2021 155 2,034 2,189 Analyzed into: Current portion 155 826 981 Non-current portion — 1,208 1,208 As of December 31, 2021 (US$) 24 321 345 Current portion (US$) 24 130 154 Non-current portion (US$) — 191 191
Schedule of Maturity Analysis of Operating Lease Payments	Schedule of Maturity Analysis of Operating Lease Payments Year Ended December 31, 2019 2020 2021 2021 CNY CNY CNY US$ (As adjusted) (As adjusted) Depreciation expense of right-of-use assets 1,816 1,663 1,366 215 Interest on lease liabilities 102 80 150 24 Expense relating to short-term leases 445 496 601 95 Total amounts recognized in profit or loss 2,363 2,239 2,117 334

TRADE AND BILLS RECEIVABLE (Tab

TRADE AND BILLS RECEIVABLE (Tables)	12 Months Ended
	Dec. 31, 2021
Trade And Bills Receivable
Schedule of Trade Receivables	Schedule of Trade Receivables December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) Non-current Trade receivables from third parties 35,481 17,033 2,680 Less: Impairment allowance (3,805 ) (7,532 ) (1,185 ) Total of Non-current trade receivables 31,676 9,501 1,495 Current Trade receivables from third parties 39,660 51,608 8,119 Less: Impairment allowance (9,969 ) (10,082 ) (1,586 ) Total of current trade receivables 29,691 41,526 6,533 Bills receivable 80 — — Total 61,447 51,027 8,028
Schedule of Aging Analysis of Trade Payables	Schedule of Aging Analysis of Trade Payables December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) Within 1 year 12,167 19,026 2,994 Between 1-2 years 20,125 5,106 803 Between 2-3 years 18,794 12,796 2,013 Over 3 years 10,361 14,099 2,218 Total 61,447 51,027 8,028 The movement in the loss allowance for trade receivables during the years indicated are as follows:
Schedule of loss allowance for trade receivables	Schedule of loss allowance for trade receivables December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) Beginning of the year 9,230 13,774 2,167 Provision for expected credit loss, net 4,544 3,840 604 End of the year 13,774 17,614 2,771
Schedule of impairment	Schedule of impairment Past due Current Within 1 year 1-2 2-3 Over 3 Total As of December 31, 2020 (As adjusted): Expected credit loss rate 5 % 12 % 11 % 45 % 18 % Gross carrying amount (CNY) 5,166 7,273 22,826 21,043 18,833 75,141 Impairment allowances (CNY) 352 2,701 (i) 2,249 (ii) 8,472 (iii) 13,774 As of December 31, 2021: Expected credit loss rate 6 % 26 % 13 % 48 % 26 % Gross carrying amount (CNY) 3,670 16,311 6,865 14,712 27,083 68,641 Impairment allowances (CNY) 955 1,759 1,916 (ii) 12,984 (iii) 17,614 Impairment allowances (US$) 150 277 301 2,043 2,771 (i) The impairment allowances included an amount of CNY221 (as adjusted) as of December 31, 2020, for specific trade receivables which were considered to be in default due to conditions which indicated that the Group was unlikely to receive the outstanding contractual amounts in full. (ii) The impairment allowances included CNY1,035 (as adjusted) and CNY221 as of December 31, 2020 and 2021, respectively, for specific trade receivables which were considered to be in default due to conditions which indicated that the Group was unlikely to receive the outstanding contractual amounts in full. (iii) The impairment allowances included an amount of CNY5,055 (as adjusted) and CNY4,646 as of December 31, 2020 and 2021, respectively, for specific trade receivables which were considered to be in default due to conditions which indicated that the Group was unlikely to receive the outstanding contractual amounts in full.

CONTRACT ASSETS (Tables)

CONTRACT ASSETS (Tables)	12 Months Ended
	Dec. 31, 2021
Contract assets [abstract]
Schedule of Contract Assets	Schedule of Contract Assets January 1, December 31, 2020 2020 2021 2021 CNY CNY CNY US$ (As adjusted) (As adjusted) Non-current Service concession assets (a) 75,614 91,412 91,062 14,327 Concession right (b) 15,895 20,304 — — Less: impairment allowance (23 ) (27 ) (27 ) (4 ) 91,486 111,689 91,035 14,323 Current Service concession assets (a) 1,532 7,423 7,423 1,168 Other contract assets (c) 10,406 7,313 8,443 1,328 Less: impairment allowance (10 ) (178 ) (535 ) (84 ) 11,928 14,558 15,331 2,412 Total 103,414 126,247 106,366 16,735
Schedule of movements	Schedule of movements December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) Beginning of the year 33 205 32 Provision for expected credit loss, net 172 357 56 End of the year 205 562 88

OTHER RECEIVABLES (Tables)

OTHER RECEIVABLES (Tables)	12 Months Ended
	Dec. 31, 2021
Other Receivables
Schedule of Other Receivables	Schedule of Other Receivables December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) Financial assets Loans to unrelated companies(i) — 83,600 13,154 Deposits 1,118 863 135 Others — 1,000 157 Financial assets 1,118 85,463 13,446 Staff advance 676 697 110 Others 126 280 44 Total amount 802 977 154 Impairment allowance — (239 ) (38 ) Total 1,920 86,201 13,562 (i) The balance as of December 31, 2021 consisted of the loan due from Shenzhen Chaopeng Investment Co., Limited amounting to CNY80,000 and its corresponding interest receivable amounting to CNY3,600. The loan with maturity date of June 30, 2022 is interest bearing at a rate of 9% per annum and guaranteed by Shenzhen Feishang Investment Co., Limited, an unrelated company to the Group.
Schedule of loss allowance for receivables	Schedule of loss allowance for receivables December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) Beginning of the year — — — Provision for expected credit loss, net — 239 38 End of the year — 239 38

CASH AND CASH EQUIVALENTS (Tabl

CASH AND CASH EQUIVALENTS (Tables)	12 Months Ended
	Dec. 31, 2021
Cash and cash equivalents [abstract]
Schedule of cash and cash equivalents	Schedule of cash and cash equivalents December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) Cash and cash equivalents - Cash on hand 70 74 11 - Cash at bank 56,510 58,285 9,171 Cash and cash equivalents 56,580 58,359 9,182
Schedule of carrying amount of cash and cash equivalents	Schedule of carrying amount of cash and cash equivalents December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) CNY 52,409 37,333 5,874 US$ 3,944 20,011 3,148 HK$ 227 1,015 160 56,580 58,359 9,182

TRADE PAYABLES (Tables)

TRADE PAYABLES (Tables)	12 Months Ended
	Dec. 31, 2021
Trade Payables
Schedule of Trade Payables	Schedule of Trade Payables December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) Trade payables 28,621 21,118 3,321
Schedule of Aging Analysis of Trade Payables	Schedule of Aging Analysis of Trade Payables December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) Within 1 year 23,754 8,326 1,308 Between 1 and 2 years 2,286 10,030 1,578 Over 2 years 2,581 2,762 435 Total 28,621 21,118 3,321

OTHER PAYABLES AND ACCRUALS (Ta

OTHER PAYABLES AND ACCRUALS (Tables)	12 Months Ended
	Dec. 31, 2021
Other Payables And Accruals
Schedule of Other Payables and Accrued Liabilities	Schedule of Other Payables and Accrued Liabilities December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) Financial liabilities Accrued expenses 3,791 5,398 849 Deposits from customers 814 505 80 Total payables 4,605 5,903 929 Accrued payroll 3,252 2,878 453 Penalties related to income tax 1,576 3,025 475 Taxes other than income tax payable(a) 143 285 45 Others 174 7 1 Total others payables 5,145 6,195 974 Total 9,750 12,098 1,903 (a) Taxes other than income taxes payable mainly comprise accruals for value-added tax, city construction tax and education surcharge.

INTEREST-BEARING LOANS AND BO_2

INTEREST-BEARING LOANS AND BORROWINGS (Tables)	12 Months Ended
	Dec. 31, 2021
Interest-bearing Loans And Borrowings
Interest bearing laons	Interest bearing laons December 31, 2020 2021 2021 CNY CNY US$ Interest rate Maturity (As adjusted) Non-current interest-bearing loans Bank loan-secured and guaranteed 5.05 2022 to 2038 77,000 74,000 11,643 Current interest-bearing loans Bank loan-secured and guaranteed 5.05 2021 to 2022 3,000 3,000 472 Total 80,000 77,000 12,115

FINANCIAL INSTRUMENTS (Tables)

FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2021
Financial Instruments
Schedule of financial assets	Schedule of financial assets December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) Debt instruments at amortized cost: Accounts and bills receivable - current 29,771 41,526 6,533 Accounts and bills receivable - non-current 31,676 9,501 1,495 Financial assets included in other receivables 1,118 85,224 13,408 Due from related companies 123,893 — — Financial assets at fair value through profit or loss ： Listed equity investments (i) 138,674 — — Structured deposit (ii) 5,000 — — Total 330,132 136,251 21,436 Total current 298,456 126,750 19,941 Total non-current 31,676 9,501 1,495
Schedule of financial liabilities	Schedule of financial liabilities December 31, December 31, December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) Derivatives not designated as hedging instruments: Derivative financial liabilities (i) — 1,710 269 Financial liabilities at amortized cost: Trade payables 28,621 21,118 3,321 Financial liabilities in other payables and accruals 4,605 5,903 929 Dividends payable — 5,048 794 Lease liabilities 3,550 2,189 345 Due to related companies 79,459 5,710 898 Due to the Shareholder 7,149 14,050 2,211 Interest-bearing loans and borrowings 80,000 77,000 12,115 Total 203,384 132,728 20,882 Total current 124,216 57,520 9,048 Total non-current 79,168 75,208 11,834 (i) On January 20, 2021, the Company entered into a securities purchase agreement with certain institutional investors, pursuant to which the Company issued and sold on January 22, 2021, (i) in a registered direct offering, an aggregate of 3,960,000 of its common shares at a price of US$1.85 per share, and (ii) in a concurrent private placement, warrants initially exercisable for the purchase of an aggregate of 1,584,000 of its common shares with an initial exercise price of US$2.35 per share. Refer to Note 25 for further details.
Fair value of investments	Fair value of investments December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) Carrying amount Fair value Carrying amount Fair value Carrying amount Fair value Financial liabilities Interest-bearing loans and borrowings 80,000 82,184 77,000 79,003 12,115 12,430 Total 80,000 82,184 77,000 79,003 12,115 12,430 The following table provides the fair value measurement hierarchy of the Group’s financial assets and financial liabilities as of December 31, 2020 and 2021: As of December 31, 2020 (As adjusted) Fair value measurement using Quoted prices in active markets (Level 1) Significant observable inputs (Level 2) Significant unobservable inputs (Level 3) Total CNY CNY CNY CNY Recurring fair value measurement: Financial assets Structured deposit — 5,000 — 5,000 Financial assets at fair value through profit or loss 138,674 — — 138,674 Total financial assets 138,674 5,000 — 143,674 As of December 31, 2021 Fair value measurement using Quoted prices in active markets (Level 1) Significant observable inputs (Level 2) Significant unobservable inputs (Level 3) Total CNY CNY CNY CNY Recurring fair value measurement: Financial liabilities Derivative financial liabilities — 1,710 — 1,710 As of December 31, 2021 Fair value measurement using Quoted prices in active markets (Level 1) Significant observable inputs (Level 2) Significant unobservable inputs (Level 3) Total US$ US$ US$ US$ Recurring fair value measurement: Financial liabilities Derivative financial liabilities — 269 — 269

FINANCIAL RISK MANAGEMENT OBJ_2

FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (Tables)	12 Months Ended
	Dec. 31, 2021
Financial Risk Management Objectives And Policies
Summary of maturity	Summary of maturity December 31, 2020 (As adjusted) On demand Less than 1 to 5 years More than Total CNY CNY CNY CNY CNY Trade payables — 28,621 — — 28,621 Financial liabilities in other payables and accruals — 4,605 — — 4,605 Due to related companies — 79,459 — — 79,459 Due to the Shareholder — 7,149 — — 7,149 Lease liabilities — 1,421 2,292 — 3,713 Interest-bearing loans and borrowings — 7,036 28,528 85,286 120,850 Total — 128,291 30,820 85,286 244,397 December 31, 2021 On demand Less than 1 to 5 years More than Total CNY CNY CNY CNY CNY Derivative financial liabilities 1,710 — — — 1,710 Trade payables — 21,118 — — 21,118 Financial liabilities in other payables and accruals — 5,903 — — 5,903 Due to related companies — 5,710 — — 5,710 Due to the Shareholder — 14,050 — — 14,050 Lease liabilities — 1,047 1,354 — 2,401 Interest-bearing loans and borrowings — 6,882 28,792 78,139 113,813 Total 1,710 54,710 30,146 78,139 164,705 December 31, 2021 On demand Less than 1 to 5 years More than Total US$ US$ US$ US$ US$ Derivative financial liabilities 269 — — — 269 Trade payables — 3,321 — — 3,321 Financial liabilities in other payables and accruals — 929 — — 929 Due to related companies — 898 — — 898 Due to the Shareholder — 2,211 — — 2,211 Lease liabilities — 165 213 — 378 Interest-bearing loans and borrowings — 1,083 4,530 12,294 17,907 Total 269 8,607 4,743 12,294 25,913

DEFERRED TAX ASSETS AND LIABI_2

DEFERRED TAX ASSETS AND LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2021
Deferred Tax Assets And Liabilities
Schedule of Net deferred tax assets and liabilities	Schedule of Net deferred tax assets and liabilities December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) Deferred tax assets 5,624 3,291 517 Offset amount (2,704 ) (3,225 ) (507 ) Deferred tax assets after offsetting 2,920 66 10 Deferred tax liabilities before offsetting 13,130 5,769 908 Offset amount (2,704 ) (3,225 ) (507 ) Deferred tax liabilities after offsetting 10,426 2,544 401
Schedule of deferred income tax accounts	Schedule of deferred income tax accounts 2020 2021 2021 CNY CNY US$ (As adjusted) As of January 1 (2,982 ) 7,506 1,182 Charged/(credited) to other capital reserve (i) 4,794 (4,463 ) (702 ) Charged/(credited) to the statement of profit or loss during the year (Note 8) 5,694 (159 ) (25 ) Currency translation differences — (406 ) (64 ) As of December 31 7,506 2,478 391
Schedule of deferred tax assets	Schedule of deferred tax assets Provision for loss allowance Significant financing component of the contract with customers Lease liabilities Losses available for offsetting against future taxable profits Total CNY CNY CNY CNY (As adjusted) As of January 1, 2020 2,731 1,668 54 — 4,453 Credited/(charged) to the statement of profit or loss during the year 1,041 (430 ) 560 — 1,171 As of December 31, 2020 3,772 1,238 614 — 5,624 As of January 1, 2021 (As adjusted) 3,772 1,238 614 — 5,624 (Charged)/credited to the statement of profit or loss during the year (1,629 ) (698 ) (160 ) 154 (2,333 ) As of December 31, 2021 2,143 540 454 154 3,291 As of December 31, 2021 US$ 337 85 71 24 517 (d) Deferred tax liabilities The components of deferred tax liabilities and their movements during the years indicated, without taking into consideration the offsetting of balances within the same tax jurisdictions, are as follows: Financial asset at fair value through profit or loss Temporary difference on assets recognized under IFRIC 12 Right-of-use assets Total CNY CNY CNY CNY (As adjusted) As of January 1, 2020 — 1,405 66 1,471 Charged to the statement of profit or loss during the year 5,170 1,141 554 6,865 Charged to other capital reserves 4,794 — 4,794 As of December 31, 2020 9,964 2,546 620 13,130 As of January 1, 2021 (As adjusted) 9,964 2,546 620 13,130 (Credited)/charged to the statement of profit or loss during the year (5,095 ) 2,724 (121 ) (2,492 ) Credit to other capital reserves (4,463 ) — — (4,463 ) Foreign exchange difference (406 ) — — (406 ) As of December 31, 2021 — 5,270 499 5,769 As of December 31, 2021 US$ — 829 79 908
Schedule of future taxable	Schedule of future taxable December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) Deductible temporary differences with no deferred tax assets recognized 1,800 13,148 2,069 Tax losses with no deferred tax assets recognized 10,658 16,536 2,597 Total 12,458 29,684 4,666
Schedule of tax losses	Schedule of tax losses December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) Year of expiration 2021 1,171 — — 2022 1,065 1,065 168 2023 2,318 2,318 365 2024 1,835 1,835 289 2025 4,237 4,237 667 2026 — 7,040 1,108 Total 10,626 16,495 2,597

EQUITY (Tables)

EQUITY (Tables)	12 Months Ended
	Dec. 31, 2021
EQUITY
Schedule of Issued Capital	Schedule of Issued Capital January 1, December 31, 2020 2020 2021 2021 CNY CNY CNY US$ (As adjusted) (As adjusted) Authorized: 10,000,000 preferred shares, no par value — — — — 200,000,000 common shares, no par value — — — — Common shares issued and fully paid: December 31, 2021: 40,948,082 (December 31, 2020: 36,988,082 (as adjusted)) common shares, no par value 340,875 419,091 450,782 70,924 A summary of movements in the Company’s share capital is as follows:
Schedule of Company Share Capital	Schedule of Company Share Capital Number of shares Share capital CNY US$ (As adjusted) As of January 1, 2020 27,910,916 340,875 53,631 Issuance of shares (Note 22) 9,077,166 78,216 12,306 As of December 31, 2020 and January 1, 2021 (As adjusted) 36,988,082 419,091 65,937 Common shares issued through private placement 3,960,000 31,691 4,987 As of December 31, 2021 40,948,082 450,782 70,924
Schedule of Other capital reserves	Schedule of Other capital reserves Other capital reserves CNY US$ (As adjusted) As of January 1, 2020 763,729 120,161 Issuance of shares (Note 22(a)) 24,258 3,816 As of December 31, 2020 787,987 123,977 As of January 1, 2021 (As adjusted) 787,987 123,977 Deemed distribution to the controlling shareholder (Note 29) (75,651 ) (11,902 ) Equity-settled share-based payment (Note 27) 2,311 364 Others (i) 4,463 702 As of December 31, 2021 719,110 113,141

RELATED PARTY BALANCES AND TR_2

RELATED PARTY BALANCES AND TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2021
Related Party Balances And Transactions
Schedule of Commercial Transactions with Related Parties	Schedule of Commercial Transactions with Related Parties Year Ended December 31, 2019 2020 2021 2021 CNY CNY CNY US$ Notes (As adjusted) (As adjusted) Interest income received from Feishang Enterprise (a) (i) 6,792 6,792 3,396 534 CHNR's share of office rental, rates and others to Anka Consultants Limited (“Anka”) (b) (ii) 1,506 1,368 1,343 211 Feishang Management's share of office rental to Feishang Enterprise (a) (iii) 166 166 166 26 Shenzhen New PST’s share of office rental to Feishang Enterprise (a) (iv) 90 90 90 14
Schedule of Group Balances with Related Parties	Schedule of Group Balances with Related Parties December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) Current: Receivables from related companies: Xizang Xingwang Investment Co., Ltd. (“Xizang Xingwang”) (d,iv) 44,668 — — Feishang Enterprise (a,v) 79,225 — — 123,893 — — Payable to related companies: Feishang Enterprise (a,i) 6,646 3,019 475 Anka Capital Limited (“Anka Capital”) (b,iii) 2,780 2,691 423 Qianhai Industrial (c,vi) 70,033 — — 79,459 5,710 898 Payable to the Shareholder: Feishang Group (a,ii) 7,149 14,050 2,211 7,149 14,050 2,211 Dividend payables to related companies: Qianhai Industrial (c,vii) — 5,048 794 — 5,048 794 Lease liabilities to related parties: Anka (b) 1,092 372 59 1,092 372 59
Schedule of Compensation of Key Management Personnel of Group	Schedule of Compensation of Key Management Personnel of Group Year Ended December 31, 2020 2021 2021 CNY CNY US$ (As adjusted) Wages, salaries and allowances 1,386 1,154 182 Housing subsidies 17 17 3 Contribution to pension plans 79 68 11 Total Compensation of key management personnel 1,482 1,239 196

DISPOSAL OF A SUBSIDIARY (Table

DISPOSAL OF A SUBSIDIARY (Tables)	12 Months Ended
	Dec. 31, 2021
Disposal Of Subsidiary
Schedule of net assets of the disposed subsidiary	Schedule of net assets of the disposed subsidiary Date of disposal CNY US$ Other receivables 114,766 18,057 Cash and cash equivalents 263 41 Other payables and accruals (1,062 ) (167 ) Taxes payable (10,200 ) (1,605 ) Net assets subject to disposal 103,767 16,326 Consideration 103,767 16,326 Net impact — — The disposal consideration receivable was fully realized by offsetting amounts due to Feishang Energy under a series of creditor right transfer agreements. An analysis of the cash flow in respect of the disposal of Yangpu Lianzhong is as follows: CNY US$ Cash consideration — — Cash and bank balances disposed (263 ) (41 ) Net outflow of cash and cash equivalents included in cash flows from investing activities (263 ) (41 )

PARTLY OWNED SUBSIDIARY WITH _2

PARTLY OWNED SUBSIDIARY WITH MATERIAL NON-CONTROLLING INTERESTS (Tables)	12 Months Ended
	Dec. 31, 2021
Partly Owned Subsidiary With Material Non-controlling Interests
Schedule of equity interest held by non-controlling interests	Schedule of equity interest held by non-controlling interests Name Country of incorporation and operation 2020 2021 Shanghai Onway PRC/Mainland China 49 % 49 % 2019 2020 2021 2021 CNY CNY CNY US$ (As adjusted) (As adjusted) Loss for the year allocated to non-controlling interests: Shanghai Onway (4,886 ) (1,415 ) (6,819 ) (1,073 ) Dividends paid to non-controlling interests: Shanghai Onway — — 4,900 771 Accumulated balances of non-controlling interest: Shanghai Onway 120,487 119,072 107,353 16,890
Schedule of financial information	Schedule of financial information 2021 Shanghai Onway CNY US$ Revenue 18,735 2,948 Total expenses (32,312 ) (5,084 ) Loss for the year (13,577 ) (2,136 ) Total comprehensive loss for the year (13,577 ) (2,136 ) Current assets 187,619 29,519 Non-current assets 126,573 19,914 Current liabilities (40,716 ) (6,406 ) Non-current liabilities (40,259 ) (6,334 ) Net cash flows used in operating activities (8,758 ) (1,378 ) Net cash flows used in investing activities (1,509 ) (237 ) Net cash flows used in financing activities (3,972 ) (625 ) Effect of foreign exchange rate changes, net — — Net decrease in cash and cash equivalents (14,239 ) (2,240 ) 2020 Shanghai Onway CNY US$ Revenue 35,631 5,606 Total expenses (38,362 ) (6,036 ) Loss for the year (2,731 ) (430 ) Total comprehensive loss for the year (2,731 ) (430 ) Current assets 192,437 30,277 Non-current assets 153,073 24,084 Current liabilities (47,445 ) (7,465 ) Non-current liabilities (34,542 ) (5,435 ) Net cash flows used in operating activities (44,883 ) (7,062 ) Net cash flows used in investing activities (5,608 ) (882 ) Net cash flows from financing activities 48,688 7,660 Effect of foreign exchange rate changes, net — — Net decrease in cash and cash equivalents (1,803 ) (284 ) 2019 Shanghai Onway CNY US$ Revenue 134,210 21,116 Total expenses (120,264 ) (18,922 ) Profit for the year 13,946 2,194 Total comprehensive income for the year 13,946 2,194 Net cash flows used in operating activities (27,121 ) (4,267 ) Net cash flows used in investing activities (2,648 ) (417 ) Net cash flows from financing activities 43,109 6,783 Effect of foreign exchange rate changes, net — — Net increase in cash and cash equivalents 13,340 2,099

RESTATEMENT (Tables)

RESTATEMENT (Tables)	12 Months Ended
	Dec. 31, 2021
Restatement
Schedule of consolidated statement restated	Schedule of consolidated statement restated Year Ended December 31, 2020 Consolidated statement of profit or loss The Group (as previously reported) Adjustment in relation to acquisition of PST Technology The Group (As adjusted) CNY CNY CNY Revenue 6,867 35,631 42,498 Cost of sales (6,854 ) (32,361 ) (39,215 ) Selling and distribution expenses (2 ) (756 ) (758 ) Administrative expenses (7,140 ) (11,713 ) (18,853 ) Other operating income — 1,616 1,616 Impairment losses — (4,162 ) (4,162 ) Finance costs (60 ) (3,689 ) (3,749 ) Finance income 18 15,450 15,468 Income tax benefit/(expense) 1,416 (2,674 ) (1,258 ) Profit/(loss) for the year 25,579 (2,658 ) 22,921 Consolidated statement of changes in equity: Equity attributable to owners of the Company 101,202 71,525 172,727 Loss per share attributable to ordinary equity holder of the Company: Basic and diluted - Earnings/(loss) per share 0.90 (0.12 ) 0.78 Year Ended December 31, 2019 Consolidated statement of profit or loss The Group (as previously reported) Adjustment in relation to acquisition of PST Technology The Group (As adjusted) CNY CNY CNY Revenue 12,969 134,210 147,179 Cost of sales (12,752 ) (119,389 ) (132,141 ) Selling and distribution expenses (2 ) (826 ) (828 ) Administrative expenses (5,814 ) (14,090 ) (19,904 ) Other operating income — 1,431 1,431 Impairment losses on financial assets — (9,367 ) (9,367 ) Impairment loss on intangible assets (16,662 ) (16,662 ) Impairment loss on goodwill (31,478 ) (31,478 ) Finance costs (62 ) (278 ) (340 ) Finance income 16 12,792 12,808 Income tax benefit — 1,374 1,374 Profit/(loss) for the year (5,645 ) (42,283 ) (47,928 ) Consolidated statement of changes in equity: Equity attributable to owners of the Company (27,554 ) 72,768 45,214 Loss per share attributable to ordinary equity holders of the Company: Basic and diluted - Earnings/(loss) per share 0.23 (1.77 ) (1.54 ) December 31, 2020 Consolidated statement of financial position The Group (as previously reported) Adjustment in relation to acquisition of PST Technology The Group (As adjusted) CNY CNY CNY Non-current assets 1,237 150,454 151,691 Current assets 141,191 237,174 378,365 Total assets 142,428 387,628 530,056 Current liabilities 30,915 117,748 148,663 Non-current liabilities 10,311 79,283 89,594 Total liabilities 41,226 197,031 238,257 Issued capital 390,297 28,794 419,091 Other capital reserves 716,776 71,211 787,987 Accumulated losses (1,002,705 ) (28,482 ) (1,031,187 ) Other comprehensive (loss)/income (3,166 ) 2 (3,164 ) Equity attributable to owners of the Company 101,202 71,525 172,727 Non-controlling interests — 119,072 119,072 Total equity 101,202 190,597 291,799 January 1, 2020 Consolidated statement of financial position The Group (as previously reported) Adjustment in relation to acquisition of PST Technology The Group (As adjusted) CNY CNY CNY Non-current assets 830 125,110 125,940 Current assets 7,468 261,552 269,020 Total assets 8,298 386,662 394,960 Current liabilities 35,852 163,257 199,109 Non-current liabilities — 30,150 30,150 Total liabilities 35,852 193,407 229,259 Issued capital 312,081 28,794 340,875 Other capital reserves 692,518 71,211 763,729 Accumulated losses (1,028,284 ) (27,239 ) (1,055,523 ) Other comprehensive (loss)/income (3,869 ) 2 (3,867 ) Equity attributable to owners of the Company (27,554 ) 72,768 45,214 Non-controlling interests — 120,487 120,487 Total equity (27,554 ) 193,255 165,701

NOTES TO THE CONSOLIDATED STA_2

NOTES TO THE CONSOLIDATED STATEMENTS OF CASH FLOWS (Tables)	12 Months Ended
	Dec. 31, 2021
Notes To Consolidated Statements Of Cash Flows
Schedule of Changes in Liabilities Arising	Schedule of Changes in Liabilities Arising Year Ended December 31, 2020 Interest-bearing loans and borrowings Due to related companies Due to the Shareholder Lease liabilities (As adjusted) CNY CNY CNY CNY As of January 1, 2020 33,377 75,306 7,097 1,238 Changes from financing cash flows 50,000 4,082 462 (1,849 ) New leases — — — 4,081 Foreign exchange movement — — (410 ) — Interest expenses and dividends declared (3,377 ) — — 80 Other changes — 71 — — As of December 31, 2020 80,000 79,459 7,149 3,550 Year Ended December 31, 2021 Interest-bearing loans and borrowings Dividends payable Due to related companies Due to the Shareholder Lease liabilities CNY CNY CNY CNY CNY As of January 1, 2021 (As adjusted) 83,979 — 79,459 7,149 3,550 Changes from financing cash flows (3,000 ) (4,900 ) 49,788 (7,149 ) (1,613 ) New leases — — — — 102 Interest expenses and dividends declared (3,979 ) 9,948 — — 150 Other changes — — (123,537 ) 14,050 — As of December 31, 2021 77,000 5,048 5,710 14,050 2,189 Year Ended December 31, 2021 Interest-bearing loans and borrowings Dividends payable Due to related companies Due to the Shareholder Lease liabilities US$ US$ US$ US$ US$ As of January 1, 2021 (As adjusted) 13,213 — 12,502 1,125 559 Changes from financing cash flows (472 ) (771 ) 7,833 (1,125 ) (254 ) New leases — — — — 16 Interest expenses and dividends declared (626 ) 1,565 — — 24 Other changes — — (19,437 ) 2,211 — As of December 31, 2021 12,115 794 898 2,211 345
Schedule of Cash Outflow for Leases	Schedule of Cash Outflow for Leases 2020 2021 2021 CNY CNY US$ (As adjusted) Within operating activities (406 ) (511 ) (80 ) Within financing activities (1,849 ) (1,613 ) (254 ) (2,255 ) (2,124 ) (334 )

CONDENSED FINANCIAL INFORMATI_2

CONDENSED FINANCIAL INFORMATION OF THE COMPANY (Tables)	12 Months Ended
	Dec. 31, 2021
Condensed Financial Information Of Company
Schedule of Non-Consolidated Basis	Schedule of Non-Consolidated Basis December 31, 2020 2021 2021 CNY CNY US$ ASSETS NON-CURRENT ASSETS Right-of-use assets 1,079 360 57 TOTAL NON-CURRENT ASSETS 1,079 360 57 CURRENT ASSETS Amounts due from subsidiaries 9,404 136,120 21,416 Cash and cash equivalents 58 17,017 2,677 Financial assets at fair value through profit or loss 138,674 — — TOTAL CURRENT ASSETS 148,136 153,137 24,093 TOTAL ASSETS 149,215 153,497 24,150 December 31, 2020 2021 2021 CNY CNY US$ LIABILITIES AND EQUITY NON-CURRENT LIABILITIES Deferred tax liabilities 9,964 — — Lease liabilities 347 — — TOTAL NON-CURRENT LIABILITIES 10,311 — — CURRENT LIABILITIES Other payables and accruals 2,273 4,335 681 Due to the Shareholder 7,149 — — Due to related companies 2,780 2,690 423 Lease liabilities 745 373 59 Derivative financial liabilities — 1,710 269 TOTAL CURRENT LIABILITIES 12,947 9,108 1,432 TOTAL LIABILITIES 23,258 9,108 1,432 EQUITY Issued capital 368,395 428,882 67,478 Other capital reserves 847,839 860,168 135,335 Accumulated losses (1,074,563 ) (1,118,038 ) (175,906 ) Other comprehensive loss (15,714 ) (26,623 ) (4,189 ) TOTAL EQUITY 125,957 144,389 22,718 TOTAL LIABILITIES AND EQUITY 149,215 153,497 24,150
Schedule of Profit or Loss	Schedule of Profit or Loss Year Ended December 31, 2019 2020 2021 2021 CNY CNY CNY US$ Administrative expenses (3,814 ) (5,243 ) (10,059 ) (1,583 ) Finance costs — (38 ) (162 ) (25 ) Interest income 1 — — — Fair value gain/(loss) on financial instruments, net — 31,334 (38,349 ) (6,034 ) (Loss)/profit before income tax (3,813 ) 26,053 (48,570 ) (7,642 ) Income tax (expense)/benefit — (5,170 ) 5,095 802 (Loss)/profit for the year (3,813 ) 20,883 (43,475 ) (6,840 )
Schedule of Cash Flows	Schedule of Cash Flows Year Ended December 31, 2019 2020 2021 2021 CNY CNY CNY US$ Net cash flows used in operating activities (3,294 ) (3,269 ) (6,076 ) (956 ) Net cash flows used in investing activities (21 ) (216 ) (10,297 ) (1,620 ) Net cash flows from financing activities — 1,982 34,089 5,363 NET (DECREASE)/INCREASE IN CASH (3,315 ) (1,503 ) 17,716 2,787 CASH AT BEGINNING OF THE YEAR 4,122 811 58 9 Net foreign exchange differences 4 750 (757 ) (119 ) CASH AT END OF THE YEAR 811 58 17,017 2,677

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Schedule of Estimated Useful Life) (Details)	12 Months Ended
	Dec. 31, 2021
Service concession rights [member]
IfrsStatementLineItems [Line Items]
Estimated useful lives	28 years
Patents [Member]
IfrsStatementLineItems [Line Items]
Estimated useful lives	18 years
Computer software [member]
IfrsStatementLineItems [Line Items]
Estimated useful lives	5 years
Buildings [member]
IfrsStatementLineItems [Line Items]
Estimated useful lives	8 – 35 years
Machinery And Equipments [Member]
IfrsStatementLineItems [Line Items]
Estimated useful lives	3 – 15 years
Motor vehicles [member]
IfrsStatementLineItems [Line Items]
Estimated useful lives	4 – 8 years
Motor vehicles [member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Estimated useful lives	2 years
Office equipment [member]
IfrsStatementLineItems [Line Items]
Estimated useful lives	4 – 8 years
Office And Warehouse [Member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Estimated useful lives	2 years
Office And Warehouse [Member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Estimated useful lives	5 years

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019CNY (¥)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2020CNY (¥)	Jan. 01, 2020CNY (¥)
IfrsStatementLineItems [Line Items]
Revenues from external customers	$ 2,948	¥ 18,735	¥ 42,498	¥ 147,179
Segment loss before income tax	(8,313)	(52,836)	24,179	(49,302)
Income tax expense		(2,135)	(1,258)	1,374
Profit/(loss) for the year				(47,928)
Depreciation of property, plant and equipment	(80)	(510)	(565)	(534)
Depreciation of right-of-use assets	215	(1,366)	(1,663)	(1,816)
Amortization of intangible assets	139	(884)	(156)	(1,185)
Impairment losses on financial assets	524	3,330	4,162	9,367
Impairment loss on goodwill				(31,478)
Other income	(29)	183	1,616	1,431
Finance costs	686	(4,359)	(3,749)	(340)
Finance income	2,665	16,935	15,468	12,808
Segment assets	65,039			391,828	¥ 413,382		¥ 527,136
Deferred income tax assets	10			3,132	66		2,920	¥ 3,132
Total assets	52,462			394,960	333,448	$ 52,462	530,056	394,960
Segment liabilities	34,551			204,948	219,613		209,219
Deferred income tax liabilities	401			150	2,544		10,426	150
Income tax payable	1,456			24,161	9,254		18,612	24,161
Total liabilities	23,821			229,259	151,411		238,257	¥ 229,259
Profit for the year			22,921
Depreciation of right-of-use assets	(215)	1,366	1,663	1,816
Impairment losses on financial assets	(524)	(3,330)	(4,162)	(9,367)
Fair value gain on financial instrument	(6,034)				38,349		31,334
Profit for the year		(54,971)
Fair value gain on financial instrument	6,034				(38,349)		(31,334)
Other income	29	(183)	(1,616)	(1,431)
Elimination of inter-segment receivables	(12,587)				(80,000)
Elimination of inter-segment payables	(12,587)				(80,000)
Income tax expense | $	(336)
Profit for the year | $	(8,649)
Amortization of intangible assets	(139)	884	156	1,185
Finance costs	(686)	4,359	3,749	340
Trade receivables [member]
IfrsStatementLineItems [Line Items]
Impairment losses on financial assets	(604)	(3,840)	4,544	(7,673)
Impairment losses on financial assets	604	3,840	(4,544)	7,673
Contract assets [member]
IfrsStatementLineItems [Line Items]
Impairment losses on financial assets	(56)	(357)	172	(33)
Impairment losses on financial assets	56	357	(172)	33
Amount Due From Related Companies [Member]
IfrsStatementLineItems [Line Items]
Impairment losses on financial assets	174	1,106	554	(1,661)
Impairment loss on intangible assets				(16,662)
Impairment losses on financial assets	(174)	(1,106)	(554)	1,661
Other Receivable [Member]
IfrsStatementLineItems [Line Items]
Impairment losses on financial assets	(38)	(239)
Impairment losses on financial assets	38	239
Wastewater Treatment [Member]
IfrsStatementLineItems [Line Items]
Revenues from external customers		18,735	35,631	134,210
Segment loss before income tax		(7,216)	(112)	(43,557)
Depreciation of property, plant and equipment		(445)	(500)	(468)
Depreciation of right-of-use assets		647	687	(629)
Amortization of intangible assets		(884)	(156)	(1,185)
Impairment loss on goodwill				(31,478)
Other income		(782)	1,415	1,430
Finance costs		(4,192)	(3,687)	(273)
Finance income		13,537	15,449	12,792
Segment assets				335,858	390,895		337,050
Segment liabilities				121,318	113,124		116,140
Depreciation of right-of-use assets		(647)	(687)	629
Fair value gain on financial instrument
Fair value gain on financial instrument
Other income		782	(1,415)	(1,430)
Amortization of intangible assets		884	156	1,185
Finance costs		4,192	3,687	273
Wastewater Treatment [Member] | Trade receivables [member]
IfrsStatementLineItems [Line Items]
Impairment losses on financial assets		(3,840)	4,544	(7,673)
Impairment losses on financial assets		3,840	(4,544)	7,673
Wastewater Treatment [Member] | Contract assets [member]
IfrsStatementLineItems [Line Items]
Impairment losses on financial assets		(357)	172	(33)
Impairment losses on financial assets		357	(172)	33
Wastewater Treatment [Member] | Amount Due From Related Companies [Member]
IfrsStatementLineItems [Line Items]
Impairment losses on financial assets		775	334	(1,109)
Impairment loss on intangible assets				(16,662)
Impairment losses on financial assets		(775)	(334)	1,109
Wastewater Treatment [Member] | Other Receivable [Member]
IfrsStatementLineItems [Line Items]
Impairment losses on financial assets
Impairment losses on financial assets
Exploration and Mining [Member]
IfrsStatementLineItems [Line Items]
Revenues from external customers			6,867	12,969
Segment loss before income tax		(161)	(682)	(964)
Depreciation of property, plant and equipment		(62)	(62)	(62)
Depreciation of right-of-use assets				(34)
Amortization of intangible assets
Impairment loss on goodwill
Other income		600	200
Finance costs		(1)	(1)	(2)
Finance income		1		1
Segment assets				4,268	321		39
Segment liabilities				6,560	3,294		3,013
Depreciation of right-of-use assets				34
Fair value gain on financial instrument
Fair value gain on financial instrument
Other income		(600)	(200)
Amortization of intangible assets
Finance costs		1	1	2
Exploration and Mining [Member] | Trade receivables [member]
IfrsStatementLineItems [Line Items]
Impairment losses on financial assets
Impairment losses on financial assets
Exploration and Mining [Member] | Contract assets [member]
IfrsStatementLineItems [Line Items]
Impairment losses on financial assets
Impairment losses on financial assets
Exploration and Mining [Member] | Amount Due From Related Companies [Member]
IfrsStatementLineItems [Line Items]
Impairment losses on financial assets
Impairment loss on intangible assets
Impairment losses on financial assets
Exploration and Mining [Member] | Other Receivable [Member]
IfrsStatementLineItems [Line Items]
Impairment losses on financial assets
Impairment losses on financial assets
Corporate Activities [Member]
IfrsStatementLineItems [Line Items]
Revenues from external customers
Segment loss before income tax		(45,459)	24,973	(4,781)
Depreciation of property, plant and equipment		(3)	(3)	(4)
Depreciation of right-of-use assets		719	976	(1,153)
Amortization of intangible assets
Impairment loss on goodwill
Other income		(1)	1	1
Finance costs		(166)	(61)	(65)
Finance income		3,397	18	15
Segment assets				51,702	22,166		190,047
Segment liabilities				77,070	103,195		90,066
Depreciation of right-of-use assets		(719)	(976)	1,153
Fair value gain on financial instrument					38,349		31,334
Fair value gain on financial instrument					¥ (38,349)		¥ (31,334)
Other income		1	(1)	(1)
Amortization of intangible assets
Finance costs		166	61	65
Corporate Activities [Member] | Trade receivables [member]
IfrsStatementLineItems [Line Items]
Impairment losses on financial assets
Impairment losses on financial assets
Corporate Activities [Member] | Contract assets [member]
IfrsStatementLineItems [Line Items]
Impairment losses on financial assets
Impairment losses on financial assets
Corporate Activities [Member] | Amount Due From Related Companies [Member]
IfrsStatementLineItems [Line Items]
Impairment losses on financial assets		331	220	(552)
Impairment loss on intangible assets
Impairment losses on financial assets		(331)	¥ (220)	¥ 552
Corporate Activities [Member] | Other Receivable [Member]
IfrsStatementLineItems [Line Items]
Impairment losses on financial assets		(239)
Impairment losses on financial assets		239
Wastewater Treatment 1 [Member]
IfrsStatementLineItems [Line Items]
Revenues from external customers | $	2,948
Segment loss before income tax | $	(1,135)
Depreciation of property, plant and equipment | $	(70)
Depreciation of right-of-use assets | $	102
Amortization of intangible assets | $	139
Other income | $	(123)
Finance costs | $	660
Finance income | $	2,131
Segment assets | $	61,501
Segment liabilities | $	17,798
Depreciation of right-of-use assets | $	(102)
Fair value gain on financial instrument | $
Fair value gain on financial instrument | $
Other income | $	123
Amortization of intangible assets | $	(139)
Finance costs | $	(660)
Wastewater Treatment 1 [Member] | Trade receivables [member]
IfrsStatementLineItems [Line Items]
Impairment losses on financial assets		(604)
Impairment losses on financial assets		604
Wastewater Treatment 1 [Member] | Contract assets [member]
IfrsStatementLineItems [Line Items]
Impairment losses on financial assets		(56)
Impairment losses on financial assets		56
Wastewater Treatment 1 [Member] | Amount Due From Related Companies [Member]
IfrsStatementLineItems [Line Items]
Impairment losses on financial assets		122
Impairment losses on financial assets		(122)
Wastewater Treatment 1 [Member] | Other Receivable [Member]
IfrsStatementLineItems [Line Items]
Impairment losses on financial assets
Impairment losses on financial assets
Exploration And Mining 1 [Member]
IfrsStatementLineItems [Line Items]
Revenues from external customers | $
Segment loss before income tax | $	(25)
Depreciation of property, plant and equipment | $	(10)
Depreciation of right-of-use assets | $
Amortization of intangible assets | $
Other income | $	94
Finance costs | $
Finance income | $
Segment assets | $	51
Segment liabilities | $	518
Depreciation of right-of-use assets | $
Fair value gain on financial instrument | $
Fair value gain on financial instrument | $
Other income | $	(94)
Amortization of intangible assets | $
Finance costs | $
Exploration And Mining 1 [Member] | Trade receivables [member]
IfrsStatementLineItems [Line Items]
Impairment losses on financial assets | $
Impairment losses on financial assets | $
Exploration And Mining 1 [Member] | Contract assets [member]
IfrsStatementLineItems [Line Items]
Impairment losses on financial assets | $
Impairment losses on financial assets | $
Exploration And Mining 1 [Member] | Amount Due From Related Companies [Member]
IfrsStatementLineItems [Line Items]
Impairment losses on financial assets | $
Impairment losses on financial assets | $
Exploration And Mining 1 [Member] | Other Receivable [Member]
IfrsStatementLineItems [Line Items]
Impairment losses on financial assets | $
Impairment losses on financial assets | $
Corporate Activity 1 [Member]
IfrsStatementLineItems [Line Items]
Revenues from external customers | $
Segment loss before income tax | $	(7,153)
Depreciation of property, plant and equipment | $
Depreciation of right-of-use assets | $	113
Amortization of intangible assets | $
Other income | $
Finance costs | $	26
Finance income | $	534
Segment assets | $	3,487
Segment liabilities | $	16,235
Depreciation of right-of-use assets | $	(113)
Fair value gain on financial instrument | $	(6,034)
Fair value gain on financial instrument | $	6,034
Other income | $
Amortization of intangible assets | $
Finance costs | $	(26)
Corporate Activity 1 [Member] | Trade receivables [member]
IfrsStatementLineItems [Line Items]
Impairment losses on financial assets | $
Impairment losses on financial assets | $
Corporate Activity 1 [Member] | Contract assets [member]
IfrsStatementLineItems [Line Items]
Impairment losses on financial assets | $
Impairment losses on financial assets | $
Corporate Activity 1 [Member] | Amount Due From Related Companies [Member]
IfrsStatementLineItems [Line Items]
Impairment losses on financial assets | $	52
Impairment losses on financial assets | $	(52)
Corporate Activity 1 [Member] | Other Receivable [Member]
IfrsStatementLineItems [Line Items]
Impairment losses on financial assets | $	(38)
Impairment losses on financial assets | $	$ 38

SEGMENT INFORMATION (Details 1)

SEGMENT INFORMATION (Details 1) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)
Segment Information
Mainland China	$ 3,603	¥ 22,905	¥ 4,327
Hong Kong	57	360	1,079
Total	$ 3,660	¥ 23,265	¥ 5,406

SEGMENT INFORMATION (Details Na

SEGMENT INFORMATION (Details Narrative) - CNY (¥)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Information
Revenue from continuing operations	¥ 6,349,000	¥ 24,405,000	¥ 90,917,000
Derived from services	¥ 5,915	¥ 6,867

REVENUE FROM CONTRACT WITH CUST

REVENUE FROM CONTRACT WITH CUSTOMERS (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019CNY (¥)
IfrsStatementLineItems [Line Items]
Total revenue from contracts with customers	$ 2,948	¥ 18,735	¥ 42,498	¥ 147,179
Wastewater Treatment [Member]
IfrsStatementLineItems [Line Items]
Sales of copper ores
Sales of water treatment equipment				2,275
Construction contract revenue		12,203	7,665	37,773
Operation and maintenance services		183	3,561	3,245
Operation services of service concession arrangement		5,953	2,295	2,295
Construction services of service concession arrangement		396	22,110	88,622
Total revenue from contracts with customers		18,735	35,631	134,210
Mainland China		18,735	35,631	134,210
At a point in time				2,275
Over time		18,735	35,631	131,935
Total revenue from contracts with customers		18,735	35,631	134,210
Exploration and Mining [Member]
IfrsStatementLineItems [Line Items]
Sales of copper ores			6,867	12,969
Sales of water treatment equipment
Construction contract revenue
Operation and maintenance services
Operation services of service concession arrangement
Construction services of service concession arrangement
Total revenue from contracts with customers			6,867	12,969
Mainland China			6,867	12,969
At a point in time			6,867	12,969
Over time
Total revenue from contracts with customers			6,867	12,969
Total [Member]
IfrsStatementLineItems [Line Items]
Sales of copper ores			6,867	12,969
Sales of water treatment equipment				2,275
Construction contract revenue	1,920	12,203	7,665	37,773
Operation and maintenance services	29	183	3,561	3,245
Operation services of service concession arrangement	937	5,953	2,295	2,295
Construction services of service concession arrangement	62	396	22,110	88,622
Total revenue from contracts with customers	2,948	18,735	42,498	147,179
Mainland China	2,948	18,735	42,498	147,179
At a point in time			6,867	15,244
Over time	2,948	18,735	35,631	131,935
Total revenue from contracts with customers	$ 2,948	¥ 18,735	¥ 42,498	¥ 147,179

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS (Details 1) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019CNY (¥)
Revenue From Contracts With Customers
Within one year	$ 2,797	¥ 17,774	¥ 10,201	¥ 29,383
After one year	28,810	183,114	192,314	202,515
Amounts expected in Revenues	$ 31,607	¥ 200,888	¥ 202,515	¥ 231,898

FINANCE INCOME AND COSTS (Detai

FINANCE INCOME AND COSTS (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019CNY (¥)
Finance Income And Costs
Interest income on loans to related parties/ a third party	$ 1,066	¥ 6,780	¥ 6,455	¥ 6,581
Interest income on revenue contracts with significant financing component	365	2,313	3,161	3,735
Interest income from service concession arrangement	1,143	7,264	4,977	2,276
Interest income on structured deposits	52	328	660
Interest income on bank deposit	39	250	215	216
Finance income	2,665	16,935	15,468	12,808
Interest expenses on loans	635	4,035	4,028	345
Interest expense on lease liabilities		150	80	102
Interest expense on lease liabilities	24	150	80	102
Other finance costs	36	231	292	(43)
Less: interest expense capitalized into intangible assets-concession right*	(9)	(57)	(651)	(64)
Finance costs	$ 686	¥ 4,359	¥ 3,749	¥ 340

(LOSS)_PROFIT BEFORE INCOME T_3

(LOSS)/PROFIT BEFORE INCOME TAX (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019CNY (¥)
Lossprofit Before Income Tax
Finance income (Note 5)	$ (2,665)	¥ (16,935)	¥ (15,468)	¥ (12,808)
- Sales of cooper ores			6,854	12,752
- Sales of water treatment equipment				1,189
- Construction service	2,027	12,876	6,479	31,982
- Opeartion and maintenance services	25	162	3,177	2,821
- Operation services related to service concession arrangement	797	5,067	3,878	3,716
- Construction services related to service concession arrangement	61	389	18,827	79,681
Cost of sales	2,910	18,494	39,215	132,141
- Property, plant and equipment (Note 11)	80	510	565	534
- Right-of-use assets (Note 14)	215	1,366	1,663	1,816
Amortization of intangible assets* (Note 12)	139	884	156	1,185
Expense relating to short-term leases	95	601	496	445
Impairment losses/(reversal) on financial assets:
- Trade receivables	604	3,840	4,544	7,673
- Contract assets	56	357	172	33
- Other receivables	38	239
- Amount due from related companies	(174)	(1,106)	(554)	1,661
Impairment loss on intangible assets (Note 13)				16,662
Impairment loss on goodwill				31,478
- Financial assets at fair value through profit or loss (Note 22 (a))	7,209	45,816	(31,334)
- Derivative financial liabilities (Note 22 (b))	(1,175)	(7,467)
Issuance expense related to placement	248	1,579
Other (income)/losses | ¥		183	(1,616)	(1,431)
Other (income)/losses | $	29
Finance costs (Note 5)	686	4,359	3,749	340
Employee benefit expenses* (Note 7)	$ 1,809	¥ 11,496	¥ 11,412	¥ 15,395

EMPLOYEE BENEFITS (Schedule of

EMPLOYEE BENEFITS (Schedule of Employee Benefits) (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)		Dec. 31, 2020CNY (¥)		Dec. 31, 2019CNY (¥)
Employee Benefits
Wages, salaries and allowances	$ 1,464	¥ 9,302		¥ 9,680		¥ 12,371
Housing funds	65	415	[1]	331	[1]	405	[1]
Contribution to pension plans	235	1,493	[1]	518	[1]	1,718	[1]
Welfare and other expenses	52	333		972		1,038
Less: employee benefits expenses capitalized into intangible assets-concession right	(7)	(47)		(89)		(137)
Total employee benefits | ¥		¥ 11,496		¥ 11,412		¥ 15,395
Total employee benefits | $	$ 1,809
[1]	According to the PRC state regulations, the employees of the Group’s subsidiaries which operate in Mainland China are required to participate in a central pension scheme operated by the local municipal government and government-sponsored housing funds. These subsidiaries are required to contribute a certain percentage of their payroll costs for those qualified urban employees to the central pension scheme as well as the housing funds.

INCOME TAX (BENEFIT)_EXPENSE (S

INCOME TAX (BENEFIT)/EXPENSE (Schedule of Current and Deferred Components of Income Tax) (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019CNY (¥)
Income Tax Benefitexpense
Current income tax benefit	$ 361	¥ 2,294	¥ (4,436)	¥ 3,817
Deferred income tax (benefit)/expense	(25)	(159)	(5,694)	(5,191)
Total current and deferred components of income tax (benefit)/expense	$ 336	¥ 2,135	¥ 1,258	¥ (1,374)

INCOME TAX (BENEFIT)_EXPENSE _2

INCOME TAX (BENEFIT)/EXPENSE (Schedule of Loss/Profit before income tax) (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019CNY (¥)
IfrsStatementLineItems [Line Items]
Total (loss)/profit before income tax for the year	$ (8,313)	¥ (52,836)	¥ 24,179	¥ (49,302)
Country of domicile [member]
IfrsStatementLineItems [Line Items]
Total (loss)/profit before income tax for the year	(734)	(4,669)	(1,214)	(45,335)
VIRGIN ISLANDS, BRITISH
IfrsStatementLineItems [Line Items]
Total (loss)/profit before income tax for the year	(7,569)	(48,106)	25,442	(3,824)
HONG KONG
IfrsStatementLineItems [Line Items]
Total (loss)/profit before income tax for the year	$ (10)	¥ (61)	¥ (49)	¥ (143)

INCOME TAX (BENEFIT)_EXPENSE _3

INCOME TAX (BENEFIT)/EXPENSE (Schedule of reconciliation of the income taxes computed) (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019CNY (¥)
Income Tax Benefitexpense
(Loss)/profit before income tax for the year	$ (8,313)	¥ (52,836)	¥ 24,179	¥ (49,302)
Computed income tax (benefit)/expense	2,078	13,209	(6,045)	12,325
Computed income tax (benefit)/expense	(2,078)	(13,209)	6,045	(12,325)
Effect of different tax rates of the Company and certain subsidiaries	1,091	6,937	(1,186)	966
Tax losses with no deferred tax assets recognized	278	1,770	1,067	468
Impairment of goodwill				7,870
Other non-deductible expenses	19	122	196	153
Deductibility of statutory income/(expense)			(903)	1,117
Utilization of previously unrecognized deductible temporary differences	(24)	(150)	(50)
Write-off of unrecoverary deferred tax assets previously recognized	470	2,987
Preferential tax rate	348	2,215	2,038	360
Current and deferred tax rate differences			(488)	(436)
Others*	232	1,463	(5,461)	453
Income tax (benefit)/expense	336	2,135	1,258	(1,374)
Income tax expense	$ 336	¥ 2,135	¥ 1,258	¥ (1,374)

INCOME TAX (BENEFIT)_EXPENSE _4

INCOME TAX (BENEFIT)/EXPENSE (Schedule of Deferred Tax Liabilities) (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019CNY (¥)
Income Tax Benefitexpense
As of January 1,2021	$ 1,318	¥ 8,378	¥ 7,319	¥ 4,042
Additions based on tax positions			1,059	3,277
As of December 31, 2021	$ 1,318	¥ 8,378	¥ 8,378	¥ 7,319

(LOSS)_EARNINGS PER SHARE (Sche

(LOSS)/EARNINGS PER SHARE (Schedule of Basic and diluted (loss)/earnings per share) (Details) ¥ / shares in Units, $ / shares in Units, ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)$ / sharesshares	Dec. 31, 2021CNY (¥)¥ / sharesshares	Dec. 31, 2020CNY (¥)¥ / sharesshares	Dec. 31, 2019CNY (¥)¥ / sharesshares
Lossearnings Per Share
(Loss)/ profit attributable to ordinary equity holders of the Company	$ (7,576)	¥ (48,152)	¥ 24,336	¥ (43,042)
Weighted average number of common shares for basic and diluted loss per share:
Basic and diluted	40,720,246	40,720,246	31,308,653	27,910,916
(Loss)/earnings per share:
Basic and diluted | (per share)	$ (0.19)	¥ (1.18)	¥ 0.78	¥ (1.54)

DIVIDEND (Details Narrative)

DIVIDEND (Details Narrative) - 12 months ended Dec. 31, 2021	USD ($)	CNY (¥)
Dividend
Dividend	$ 794	¥ 5,048

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT (Net Carrying Amount) (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019CNY (¥)
IfrsStatementLineItems [Line Items]
At January 1		¥ 1,203	¥ 1,512
Disposal	$ 1	6	96	¥ 30
At December 31	112	715	1,203	1,512
Depreciation charge	80	510	565	534
Net book Value	112		1,203	1,512
Buildings [member]
IfrsStatementLineItems [Line Items]
At January 1		37	40
At December 31	6	34	37	40
Net book Value	6		37	40
Machinery [member]
IfrsStatementLineItems [Line Items]
At January 1		72	79
At December 31	10	55	72	79
Net book Value	10		72	79
Motor vehicles [member]
IfrsStatementLineItems [Line Items]
At January 1		915	1,142
At December 31	73	472	915	1,142
Net book Value	73		915	1,142
Office equipment [member]
IfrsStatementLineItems [Line Items]
At January 1		179	251
At December 31	23	154	179	251
Net book Value	$ 23		179	251
Gross carrying amount [member]
IfrsStatementLineItems [Line Items]
At January 1		4,505	4,420
Additions		28	266
Disposal		(70)	(130)
Foreign exchange difference		(26)	(51)
At December 31		4,437	4,505	4,420
Depreciation charge		884	156
Net book Value			4,505	4,420
Gross carrying amount [member] | Buildings [member]
IfrsStatementLineItems [Line Items]
At January 1		46	43
Additions			3
Disposal
Foreign exchange difference
At December 31		46	46	43
Net book Value			46	43
Gross carrying amount [member] | Machinery [member]
IfrsStatementLineItems [Line Items]
At January 1		1,231	1,270
Additions			12
Disposal		(28)
Foreign exchange difference		(26)	(51)
At December 31		1,177	1,231	1,270
Net book Value			1,231	1,270
Gross carrying amount [member] | Motor vehicles [member]
IfrsStatementLineItems [Line Items]
At January 1		2,528	2,440
Additions			218
Disposal		(42)	(130)
Foreign exchange difference
At December 31		2,486	2,528	2,440
Net book Value			2,528	2,440
Gross carrying amount [member] | Office equipment [member]
IfrsStatementLineItems [Line Items]
At January 1		700	667
Additions		28	33
Disposal
Foreign exchange difference
At December 31		728	700	667
Net book Value			700	667
Accumulated depreciation, amortisation and impairment [member]
IfrsStatementLineItems [Line Items]
At January 1		(3,302)	(2,908)
Foreign exchange difference		26	47
At December 31		(3,722)	(3,302)	(2,908)
Depreciation charge		(510)	(565)
Disposal		64	124
Net book Value			(3,302)	(2,908)
Accumulated depreciation, amortisation and impairment [member] | Buildings [member]
IfrsStatementLineItems [Line Items]
At January 1		(9)	(3)
Foreign exchange difference			(3)
At December 31		(12)	(9)	(3)
Depreciation charge		(3)	(3)
Disposal
Net book Value			(9)	(3)
Accumulated depreciation, amortisation and impairment [member] | Machinery [member]
IfrsStatementLineItems [Line Items]
At January 1		(1,159)	(1,191)
Foreign exchange difference		26	50
At December 31		(1,122)	(1,159)	(1,191)
Depreciation charge		(13)	(18)
Disposal		24
Net book Value			(1,159)	(1,191)
Accumulated depreciation, amortisation and impairment [member] | Motor vehicles [member]
IfrsStatementLineItems [Line Items]
At January 1		(1,613)	(1,298)
Foreign exchange difference
At December 31		(2,014)	(1,613)	(1,298)
Depreciation charge		(441)	(439)
Disposal		40	124
Net book Value			(1,613)	(1,298)
Accumulated depreciation, amortisation and impairment [member] | Office equipment [member]
IfrsStatementLineItems [Line Items]
At January 1		(521)	(416)
Foreign exchange difference
At December 31		(574)	(521)	(416)
Depreciation charge		(53)	(105)
Disposal
Net book Value			¥ (521)	¥ (416)

INTANGIBLE ASSETS (Details)

INTANGIBLE ASSETS (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019CNY (¥)	Dec. 31, 2019CNY (¥)
IfrsStatementLineItems [Line Items]
At December 31	$ 3,176	¥ 20,189
Amortization charge	(80)	(510)		¥ (565)	¥ (534)
Net carrying amount						¥ 799
Net carrying amount	3,176
Patent [Member]
IfrsStatementLineItems [Line Items]
At January 1 | $			$ 61
At December 31		385
Net carrying amount				490		605
Net carrying amount
Service concession rights [member]
IfrsStatementLineItems [Line Items]
At December 31	3,099	19,700
Net carrying amount
Net carrying amount	3,099
Software [Member]
IfrsStatementLineItems [Line Items]
At December 31	16	104
Net carrying amount						194
Net carrying amount	$ 16
Gross carrying amount [member]
IfrsStatementLineItems [Line Items]
At January 1		23,152		23,152
Additions
At December 31		43,582		23,152	23,152
Amortization charge		(884)		(156)
Transfer in		20,430
Net carrying amount				23,152		23,152
Gross carrying amount [member] | Patent [Member]
IfrsStatementLineItems [Line Items]
At January 1		22,878		22,878
At December 31		22,878		22,878	22,878
Transfer in
Net carrying amount				22,878		22,878
Gross carrying amount [member] | Service concession rights [member]
IfrsStatementLineItems [Line Items]
At January 1
Additions
At December 31		20,430
Amortization charge		(105)		(115)
AdjustmentsForDepreciationAndAmortisationExpense		(730)
Transfer in		20,430
Net carrying amount
Gross carrying amount [member] | Software [Member]
IfrsStatementLineItems [Line Items]
At January 1		274		274
Additions
At December 31		274		274	274
Amortization charge		(49)		(41)
Transfer in
Net carrying amount				274		274
Accumulated depreciation, amortisation and impairment [member]
IfrsStatementLineItems [Line Items]
At January 1		(22,509)		(22,353)
At December 31		(23,393)		(22,509)	(22,353)
Amortization charge		510		565
Net carrying amount				643
Net carrying amount				(22,509)		(22,353)
Accumulated depreciation, amortisation and impairment [member] | Patent [Member]
IfrsStatementLineItems [Line Items]
At January 1		(22,388)		(22,273)
At December 31		(22,493)		(22,388)	(22,273)
Net carrying amount				(22,388)		(22,273)
Accumulated depreciation, amortisation and impairment [member] | Service concession rights [member]
IfrsStatementLineItems [Line Items]
At January 1
At December 31		(730)
Net carrying amount
Accumulated depreciation, amortisation and impairment [member] | Software [Member]
IfrsStatementLineItems [Line Items]
At January 1		(121)		(80)
At December 31		¥ (170)		(121)	¥ (80)
Net carrying amount				153
Net carrying amount				¥ (121)		¥ (80)

LEASES (Schedule of Right-of-us

LEASES (Schedule of Right-of-use Assets) (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)	Jan. 01, 2020CNY (¥)
IfrsStatementLineItems [Line Items]
As of January 1,		¥ 3,560	¥ 1,142
Addition		157	4,081
Depreciation charge		(1,366)	(1,663)
As of December 31,	$ 370	2,351	3,560
As of December 31	370		3,560	¥ 1,142
Motor vehicles [member]
IfrsStatementLineItems [Line Items]
As of January 1,		408
Addition			490
Depreciation charge		(163)	(82)
As of December 31,	39	245	408
As of December 31	39		408
Offices And Warehouse [Member]
IfrsStatementLineItems [Line Items]
As of January 1,		3,152	1,142
Addition		157	3,591
Depreciation charge		(1,203)	(1,581)
As of December 31,			3,152
As of December 31			3,152
Buildings [member]
IfrsStatementLineItems [Line Items]
As of January 1,		3,152
As of December 31,	331	¥ 2,106	3,152
As of December 31	$ 331		¥ 3,152

LEASES (Schedule of Lease liabi

LEASES (Schedule of Lease liabilities) (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019CNY (¥)	Dec. 31, 2021CNY (¥)	Jan. 01, 2020CNY (¥)
IfrsStatementLineItems [Line Items]
Carrying amount at January 1,		¥ 3,550	¥ 1,238
Addition		102	4,081
Accretion of interest recognized during the year		150	80	¥ 102
Payments		(1,613)	(1,849)
Carrying amount at December 31,			3,550
Current portion	$ 154		1,382		¥ 981	¥ 1,238
Non-current portion	191		2,168		1,208
Accretion of interest recognized during the year	24	150	80	102
Accretion of interest recognized during the year		150
Carrying amount at December 31,	345	2,189	3,550	1,238
Motor vehicles [member]
IfrsStatementLineItems [Line Items]
Carrying amount at January 1,		502
Addition			490
Accretion of interest recognized during the year			12
Payments		(364)
Carrying amount at December 31,			502
Current portion	24		163		155
Non-current portion			339
Accretion of interest recognized during the year		17
Carrying amount at December 31,	24	155	502
Offices And Warehouse [Member]
IfrsStatementLineItems [Line Items]
Carrying amount at January 1,		3,048	1,238
Addition		102	3,591
Accretion of interest recognized during the year			68
Payments		(1,249)	(1,849)
Carrying amount at December 31,			3,048
Current portion	130		1,219		826
Non-current portion	191		1,829		¥ 1,208
Accretion of interest recognized during the year		133
Carrying amount at December 31,	$ 321	¥ 2,034	¥ 3,048	¥ 1,238

LEASES (Schedule of Amounts of

LEASES (Schedule of Amounts of Recognized in Profit) (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019CNY (¥)
Leases
Depreciation expense of right-of-use assets USA	$ 215	¥ 1,366	¥ 1,663	¥ 1,816
Interest on lease liabilities USA	24	150	80	102
Expense relating to short-term leases USA	95	601	496	445
Total amounts recognized in profit or loss	334	2,117	2,239	2,363
Total amounts recognized in profit or loss USA	$ 334	¥ 2,117	¥ 2,239	¥ 2,363

TRADE AND BILLS RECEIVABLE (Sch

TRADE AND BILLS RECEIVABLE (Schedule of Trade Receivables) (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)
Non-current
Trade receivables from third parties	$ 2,680	¥ 17,033	¥ 35,481
Less: Impairment allowance	1,185	(7,532)	(3,805)
Less: Impairment allowance	(1,185)	7,532	3,805
Total of Non-current trade receivables	1,495	9,501	31,676
Total of Non-current trade receivables	1,495	9,501	31,676
Current
Trade receivables from third parties	8,119	51,608	39,660
Less: Impairment allowance	(1,586)	(10,082)	(9,969)
Total of current trade receivables	6,533	41,526	29,691
Total of current trade receivables	6,533	41,526	29,691
Bills receivable			80
Total	8,028	51,027	61,447
Total	$ 8,028	¥ 51,027	¥ 61,447

TRADE AND BILLS RECEIVABLE (S_2

TRADE AND BILLS RECEIVABLE (Schedule of Aging Analysis of Trade Receivables) (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)
IfrsStatementLineItems [Line Items]
Trade receivables	$ 8,028	¥ 51,027	¥ 61,447
Within 1 year [Member]
IfrsStatementLineItems [Line Items]
Trade receivables	2,994	19,026	12,167
Between 1-2 years [Member]
IfrsStatementLineItems [Line Items]
Trade receivables	803	5,106	20,125
Between 2-3 years [Member]
IfrsStatementLineItems [Line Items]
Trade receivables	2,013	12,796	18,794
Over 3 years [Member]
IfrsStatementLineItems [Line Items]
Trade receivables	$ 2,218	¥ 14,099	¥ 10,361

TRADE AND BILLS RECEIVABLES (Sc

TRADE AND BILLS RECEIVABLES (Schedule of loss allowance for trade receivables) (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)
Trade And Bills Receivable
Beginning of the year	$ 2,167	¥ 13,774	¥ 9,230
Provision for expected credit loss, net	604	3,840	4,544
End of the year	$ 2,771	¥ 17,614	¥ 13,774

Schedule of impairment (Details

Schedule of impairment (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)		Dec. 31, 2020CNY (¥)
IfrsStatementLineItems [Line Items]
Expected credit loss rate	26.00%	26.00%		18.00%
Gross carrying amount		¥ 68,641		¥ 75,141
Impairment allowances	$ 2,771	¥ 17,614		¥ 13,774
Within 1 year [Member]
IfrsStatementLineItems [Line Items]
Expected credit loss rate	6.00%	6.00%		5.00%
Gross carrying amount		¥ 16,311		¥ 7,273
Impairment allowances	$ 150	¥ 955		¥ 352
1-2 years [Member]
IfrsStatementLineItems [Line Items]
Expected credit loss rate	26.00%	26.00%		12.00%
Gross carrying amount		¥ 6,865		¥ 22,826
Impairment allowances	$ 277	¥ 1,759		¥ 2,701	[1]
2-3 years [Member]
IfrsStatementLineItems [Line Items]
Expected credit loss rate	13.00%	13.00%		11.00%
Gross carrying amount		¥ 14,712		¥ 21,043
Impairment allowances	$ 301	¥ 1,916	[2]	¥ 2,249	[2]
Over 3 years [Member]
IfrsStatementLineItems [Line Items]
Expected credit loss rate	48.00%	48.00%		45.00%
Gross carrying amount		¥ 27,083		¥ 18,833
Impairment allowances	$ 2,043	12,984	[3]	8,472	[3]
Current [member]
IfrsStatementLineItems [Line Items]
Gross carrying amount		¥ 3,670		¥ 5,166
[1]	The impairment allowances included an amount of CNY221 (as adjusted) as of December 31, 2020, for specific trade receivables which were considered to be in default due to conditions which indicated that the Group was unlikely to receive the outstanding contractual amounts in full.
[2]	The impairment allowances included CNY1,035 (as adjusted) and CNY221 as of December 31, 2020 and 2021, respectively, for specific trade receivables which were considered to be in default due to conditions which indicated that the Group was unlikely to receive the outstanding contractual amounts in full.
[3]	The impairment allowances included an amount of CNY5,055 (as adjusted) and CNY4,646 as of December 31, 2020 and 2021, respectively, for specific trade receivables which were considered to be in default due to conditions which indicated that the Group was unlikely to receive the outstanding contractual amounts in full.

TRADE AND BILLS RECEIVABLE (Det

TRADE AND BILLS RECEIVABLE (Details Narrative)	Dec. 31, 2021
Trade And Bills Receivable
Interest rate	4.75%

CONTRACT ASSETS (Details)

CONTRACT ASSETS (Details) ¥ in Thousands, $ in Thousands		Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)	Jan. 01, 2020CNY (¥)
IfrsStatementLineItems [Line Items]
Non-current contract assets		$ 14,323	¥ 91,035	¥ 111,689	¥ 91,486
Allowance account for credit losses of financial assets		4	(27)	(27)	(23)
Allowance account for credit losses of financial assets		(4)	27	27	23
Current contract assets		2,412	15,331	14,558	11,928
[custom:AllowanceAccountForCreditLossOfFinancialAssets-0]		(84)	(535)	(178)	(10)
[custom:ContractAsset-0]		16,735	106,366	126,247	103,414
Service concession arrangements [member]
IfrsStatementLineItems [Line Items]
Non-current contract assets	[1]	14,327	91,062	91,412	75,614
Current contract assets	[1]	1,168	7,423	7,423	1,532
Service concession rights [member]
IfrsStatementLineItems [Line Items]
Non-current contract assets	[2]			20,304	15,895
Current contract assets	[3]	$ 1,328	¥ 8,443	¥ 7,313	¥ 10,406
[1]	Service concession assets bearing an imputed interest of 7% arose from the Group’s revenue from construction service under a BOT arrangement rendered by the Group’s non wholly owned subsidiary, Shaoguan Angrui. The facilities that the service concession arrangement relate to were under construction phases from June 2018 to December 2020 and commenced operation in January 2021.
[2]	Concession right represents the intangible assets component arising from performance under the construction contract in connection with the service concession arrangement during the construction phases from June 2018 to December 2020. The accumulated amount transferred to intangible assets when the service concession arrangement commenced operation in January 2021.
[3]	The balances as of December 31, 2020 and 2021 comprised contract assets arising from performance under a water treatment plant construction service contract. Such contracts include payment schedules that require stage payments over the service periods when milestones are reached.

CONTRACT ASSETS (Schedule of mo

CONTRACT ASSETS (Schedule of movements) (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)
Contract assets [abstract]
Beginning of the year	$ 32	¥ 205	¥ 33
Provision for expected credit loss, net	56	357	172
End of the year	$ 88	¥ 562	¥ 205

CONTRACT ASSETS (Details Narrat

CONTRACT ASSETS (Details Narrative)	Dec. 31, 2021	Dec. 31, 2020
Bottom of range [member]
IfrsStatementLineItems [Line Items]
Rate of range	0.03%	0.03%
Top of range [member]
IfrsStatementLineItems [Line Items]
Rate of range	55.93%	29.22%

OTHER RECEIVABLES (Details)

OTHER RECEIVABLES (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)	Jan. 01, 2020CNY (¥)
Other Receivables
Loans to unrelated companies	$ 13,154	¥ 83,600
Deposits	135	863	1,118
Others	157	1,000
Financial assets	13,446	85,463	1,118
Staff advance	110	697	676
Others	44	280	126
Total amount	154	977	802
Impairment allowance	(38)	(239)
Total	$ 13,562	¥ 86,201	¥ 1,920	¥ 1,962

OTHER RECEIVABLES (Details 1)

OTHER RECEIVABLES (Details 1) ¥ in Thousands, $ in Thousands	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)
Other Receivables
Beginning of the year
Provision for expected credit loss, net	38	239
End of the year	$ 38	¥ 239

CASH AND CASH EQUIVALENTS (Sche

CASH AND CASH EQUIVALENTS (Schedule of cash and cash equivalents) (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)
Cash and cash equivalents
- Cash on hand	$ 11	¥ 74	¥ 70
- Cash at bank	9,171	58,285	56,510
Cash and cash equivalents	$ 9,182	¥ 58,359	¥ 56,580

CASH AND CASH EQUIVALENTS (Sc_2

CASH AND CASH EQUIVALENTS (Schedule of carrying amount of cash equivalents) (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)
R M B [Member]
IfrsStatementLineItems [Line Items]
Cash and cash equivalents	$ 5,874	¥ 37,333	¥ 52,409
U S [Member]
IfrsStatementLineItems [Line Items]
Cash and cash equivalents	3,148	20,011	3,944
H K [Member]
IfrsStatementLineItems [Line Items]
Cash and cash equivalents	$ 160	¥ 1,015	¥ 227

TRADE PAYABLES (Schedule of Agi

TRADE PAYABLES (Schedule of Aging Analysis of Trade Payables) (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)
Trade Payables
Trade payables	$ 3,321	¥ 21,118	¥ 28,621

TRADE PAYABLES (Details)

TRADE PAYABLES (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)	Jan. 01, 2020CNY (¥)
IfrsStatementLineItems [Line Items]
Trade and other current payables	$ 3,321	¥ 21,118	¥ 28,621	¥ 70,906
Total	3,321	21,118	28,621
Within 1 year [Member]
IfrsStatementLineItems [Line Items]
Trade and other current payables	1,308	8,326	23,754
Between 1-2 years [Member]
IfrsStatementLineItems [Line Items]
Trade and other current payables	1,578	10,030	2,286
Between 2-3 years [Member]
IfrsStatementLineItems [Line Items]
Trade and other current payables	$ 435	¥ 2,762	¥ 2,581

OTHER PAYABLES AND ACCRUED LIAB

OTHER PAYABLES AND ACCRUED LIABILITIES (Schedule of Other Payables and Accrued Liabilities) (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2021USD ($)		Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)	Jan. 01, 2020CNY (¥)
Other Payables And Accruals
Accrued expenses	$ 849		¥ 5,398	¥ 3,791
Deposits from customers | ¥			505	814
Deposits from customers | $	80
Total payables	929		5,903	4,605
Accrued payroll	453		2,878	3,252
Penalties related to income tax	475		3,025	1,576
Taxes other than income tax payable	45	[1]	285	143
Others	1		7	174
Total others payables	974		6,195	5,145
Total	1,903		12,098	9,750	¥ 19,711
Total	$ 1,903		¥ 12,098	¥ 9,750	¥ 19,711
[1]	Taxes other than income taxes payable mainly comprise accruals for value-added tax, city construction tax and education surcharge.

INTEREST BEARING LOANS AND BORR

INTEREST BEARING LOANS AND BORROWINGS (Details)	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)
Interest-bearing Loans And Borrowings
Interest rate	5.05%	5.05%
Maturity	2022 to 2038
Non-current interest-bearing loans	$ 11,643	¥ 74,000	¥ 77,000
Current interest rate	5.05%	5.05%
[custom:CurrentLoansMaturity]	2021 to 2022
Current interest-bearing loans	$ 472	¥ 3,000	3,000
Total	$ 12,115	¥ 77,000	¥ 80,000

INTEREST-BEARING LOANS AND BO_3

INTEREST-BEARING LOANS AND BORROWINGS (Details Narrative)	12 Months Ended
	Dec. 31, 2021
Interest-bearing Loans And Borrowings
Equal annual installments, description	The outstanding balance as of December 31, 2021 is repayable in equal annual installments of CNY3,000 until December of 2023; CNY4,000 from 2024 to 2028; CNY5,000 from 2029 to 2034; CNY6,000 in 2035; and CNY5,000 from 2036 to 2038.

FINANCIAL INSTRUMENTS (Schedule

FINANCIAL INSTRUMENTS (Schedule of financial assets) (Details) ¥ in Thousands, $ in Thousands		Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)	Jan. 01, 2020CNY (¥)
Financial assets at fair value through profit or loss：
Total				¥ 143,674
Total				143,674
Total Current		$ 32,974	¥ 209,581	378,365	¥ 269,020
Total Non-current		19,488	123,867	151,691	¥ 125,940
Financial assets, class [member]
Debt instruments at amortized cost:
Account and bills receivable - current		6,533	41,526	29,771
Account and bills receivable - non-current		1,495	9,501	31,676
Financial assets included in other receivables		13,408	85,224	1,118
Due from related companies				123,893
Financial assets at fair value through profit or loss：
Listed equity investments (Note i)	[1]			138,674
Structured deposit (ii)	[2]			5,000
Structured deposit (ii) | $	[2]
Total		21,436	136,251	330,132
Total		21,436	136,251	330,132
Total Current		19,941	126,750	298,456
Total Non-current		$ 1,495	¥ 9,501	¥ 31,676
[1]	On August 17, 2020, the Company entered into a definitive share purchase agreement with Feishang Group to acquire 120,000,000 shares, or 8.69% of the equity interest in, Feishang Anthracite Resources Limited (“FARL”), a company listed on the Main Board of the Hong Kong Stock Exchange (the “Equity Investment”). In exchange, the Company agreed to issue 9,077,166 of its common shares to Feishang Group at a total transaction price amounting to approximately CNY78,288. The total transaction price of the exchange was based on the average closing price of FARL for the five trading days before August 17, 2020, adjusted for a 27.5% discount in consideration of the impact of a lack of marketability due to the low trading volume of FARL on the Hong Kong Stock Exchange. Upon the completion of the above-mentioned acquisition of shares of FARL and the issuance of the shares of the Company on August 17, 2020, the Company recognized financial assets at fair value through profit or loss amounting to CNY107,340 as they were held for trading.
[2]	The Company entered into a structured deposit agreement with Bank of Communications pursuant to which the Company made a time deposit with a principal amount of CNY5,000 from December 12, 2020 to June 21, 2021 to receive interest at the higher annual interest rate of 2.75% if the underlying currency pair (EUR/US$) was trading within a pre-determined range on the expiration date. Otherwise, the Company received interest at the lower interest rate of 1.55%.

FINANCIAL INSTRUMENTS (Schedu_2

FINANCIAL INSTRUMENTS (Schedule of financial liabilities) (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2021USD ($)		Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)	Jan. 01, 2020CNY (¥)
Derivatives not designated as hedging instruments:
Derivative financial liabilities (Note ii)			¥ 269	¥ 1,710
Financial liabilities at amortized cost:
Dividends payable	$ 794		5,048
Lease liabilities | $	345
Due to related companies	898		5,710	79,459	75,306
Due to the Shareholder	1		7	174
Interest-bearing loans and borrowings	472		3,000	3,000
Total current	32,974		209,581	378,365	269,020
Total non-current	19,488		123,867	151,691	¥ 125,940
Financial liabilities, class [member]
Derivatives not designated as hedging instruments:
Derivative financial liabilities (Note ii)	269	[1]	1,710
Financial liabilities at amortized cost:
Trade payables			21,118	28,621
Trade payables | $	3,321
Financial liabilities in other payables and accruals			5,903	4,605
Financial liabilities in other payables and accruals | $	929
Dividends payable	794		5,048
Lease liabilities			2,189	3,550
Due to related companies			5,710	79,459
Due to related companies | $	898
Due to the Shareholder			14,050	7,149
Due to the Shareholder | $	2,211
Interest-bearing loans and borrowings	12,115		77,000	80,000
Total	20,882		132,728	203,384
Total current	9,048		57,520	124,216
Total non-current	$ 11,834		¥ 75,208	¥ 79,168
[1]	On January 20, 2021, the Company entered into a securities purchase agreement with certain institutional investors, pursuant to which the Company issued and sold on January 22, 2021, (i) in a registered direct offering, an aggregate of 3,960,000 of its common shares at a price of US$1.85 per share, and (ii) in a concurrent private placement, warrants initially exercisable for the purchase of an aggregate of 1,584,000 of its common shares with an initial exercise price of US$2.35 per share. Refer to Note 25 for further details.

FINANCIAL INSTRUMENTS (Schedul

FINANCIAL INSTRUMENTS (Schedule of fair value instrument) (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)
IfrsStatementLineItems [Line Items]
Carrying amount	$ 12,115	¥ 77,000	¥ 80,000
Fair value	12,430	79,003	82,184
Structured deposit			5,000
Financial assets at fair value through profit or loss			138,674
Total financial assets			143,674
Derivative financial liabilities		269	1,710
Level 1 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Structured deposit
Financial assets at fair value through profit or loss			138,674
Total financial assets			138,674
Derivative financial liabilities
Level 2 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Structured deposit			5,000
Financial assets at fair value through profit or loss
Total financial assets			5,000
Derivative financial liabilities		269	1,710
Level 3 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Structured deposit
Financial assets at fair value through profit or loss
Total financial assets
Derivative financial liabilities
Loans And Borrowings [Member]
IfrsStatementLineItems [Line Items]
Carrying amount	12,115	77,000	80,000
Fair value	$ 12,430	¥ 79,003	¥ 82,184

FINANCIAL INSTRUMENTS (Summary

FINANCIAL INSTRUMENTS (Summary of maturity) (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2020CNY (¥)	Jan. 01, 2020CNY (¥)	Dec. 31, 2019CNY (¥)
IfrsStatementLineItems [Line Items]
Due to related companies	$ 898	¥ 5,710		¥ 79,459	¥ 75,306
Due to the Shareholder	1	¥ 7		174
Total [Member]
IfrsStatementLineItems [Line Items]
Trade payables	3,321			21,118		¥ 28,621
Financial liabilities in other payables and accruals	929			5,903		4,605
Due to related companies	898			5,710		79,459
Due to the Shareholder	2,211			14,050		7,149
Lease liabilities						3,713
Interest-bearing loans and borrowings						120,850
Total						244,397
Derivative financial liabilities	269			1,710
Lease liabilities	378			2,401
Interest-bearing loans and borrowings	17,907			113,813
Total	25,913			164,705
On demand [member]
IfrsStatementLineItems [Line Items]
Trade payables
Financial liabilities in other payables and accruals
Due to related companies
Due to the Shareholder
Lease liabilities
Interest-bearing loans and borrowings
Total
Derivative financial liabilities	269			1,710
Lease liabilities
Interest-bearing loans and borrowings
Total	$ 269			1,710
Not later than one year [member]
IfrsStatementLineItems [Line Items]
Trade payables			$ 3,321	21,118		28,621
Financial liabilities in other payables and accruals			929	5,903		4,605
Due to related companies			898	5,710		79,459
Due to the Shareholder			2,211	14,050		7,149
Lease liabilities						1,421
Interest-bearing loans and borrowings						7,036
Total						128,291
Derivative financial liabilities
Lease liabilities			165	1,047
Interest-bearing loans and borrowings			1,083	6,882
Total			8,607	54,710
Later than one year and not later than five years [member]
IfrsStatementLineItems [Line Items]
Trade payables
Financial liabilities in other payables and accruals
Due to related companies
Due to the Shareholder
Lease liabilities						2,292
Interest-bearing loans and borrowings						28,528
Total						30,820
Derivative financial liabilities
Lease liabilities			213	1,354
Interest-bearing loans and borrowings			4,530	28,792
Total			4,743	30,146
More Than Five Years [Member]
IfrsStatementLineItems [Line Items]
Trade payables
Financial liabilities in other payables and accruals
Due to related companies
Due to the Shareholder
Lease liabilities
Interest-bearing loans and borrowings						85,286
Total						¥ 85,286
Derivative financial liabilities
Lease liabilities
Interest-bearing loans and borrowings			12,294	78,139
Total			$ 12,294	¥ 78,139

DEFERRED TAX ASSETS AND LIABI_3

DEFERRED TAX ASSETS AND LIABILITIES (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)
Deferred Tax Assets And Liabilities
Deferred tax assets	$ 517	¥ 3,291	¥ 5,624
Offset amount	(507)	(3,225)	(2,704)
Deferred tax assets after offsetting	10	66	2,920
Deferred tax liabilities before offsetting	908	5,769	13,130
Offset amount	(507)	(3,225)	(2,704)
Deferred tax liabilities after offsetting	$ 401	¥ 2,544	¥ 10,426

DEFERRED TAX ASSETS AND LIABI_4

DEFERRED TAX ASSETS AND LIABILITIES (Details 1) ¥ in Thousands, $ in Thousands		12 Months Ended
		Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)
Deferred Tax Assets And Liabilities
As of January 1, 2020		$ 1,182	¥ 7,506	¥ (2,982)
Upon initial recognition of the Equity Investments	[1]	(702)	(4,463)	4,794
Charged/(credited) to the statement of profit or loss during the year (Note 8)		(25)	(159)	5,694
Currency translation differences		(64)	(406)
As of December 31, 2020		$ 391	¥ 2,478	¥ 7,506
[1]	Upon the completion of the Equity Investment (Note 22.1 (a) (i)) on August 17, 2020, the Company recognized a deferred tax liability associated with the difference between the fair value of 120,000,000 shares of FARL acquired and the total transaction price based on the statutory tax rate of 16.5% and charged the impact to other capital reserves. Upon the completion of the acquisition of PST Technology (Note 29) on July 27, 2021, the corresponding deferred tax liability was reversed through other capital reserves along with the transfer of 120,000,000 shares of FARL, as part of the acquisition consideration.

DEFERRED TAX ASSETS AND LIABI_5

DEFERRED TAX ASSETS AND LIABILITIES (Details 2) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)
IfrsStatementLineItems [Line Items]
As of January 1, 2020		¥ 2,920,000	¥ 3,132,000
As of December 31, 2020	$ 10	66,000	2,920,000
Provision Of Allowance [Member]
IfrsStatementLineItems [Line Items]
As of January 1, 2020		3,772	2,731
(Credited)/charged to the statement of profit or loss during the year		(1,629)	1,041
As of December 31, 2020		2,143	3,772
Provision of loss allowance | $	337
Financial asset at fair value through profit or loss | $
Significant Financing Component Of The Contract With Customers [Member]
IfrsStatementLineItems [Line Items]
As of January 1, 2020		1,238	1,668
(Credited)/charged to the statement of profit or loss during the year		(698)	(430)
As of December 31, 2020		540	1,238
Significant financing component of the contract with customers | $	85
Lease Liabilitiess [Member]
IfrsStatementLineItems [Line Items]
As of January 1, 2020		614	54
(Credited)/charged to the statement of profit or loss during the year		(160)	560
As of December 31, 2020		454	614
Lease liabilities | $	71
Temporary difference on assets recognized under IFRIC 12 | $	829
Taxable Profits [Member]
IfrsStatementLineItems [Line Items]
As of January 1, 2020
(Credited)/charged to the statement of profit or loss during the year		154
As of December 31, 2020		154
Losses available for offsetting against future taxable profits | $	24
Right-of-use assets | $	79
Total [Member]
IfrsStatementLineItems [Line Items]
As of January 1, 2020		5,624	4,453
(Credited)/charged to the statement of profit or loss during the year		(2,333)	1,171
As of December 31, 2020		3,291	5,624
Total | $	517
[custom:TotalofTax] | $	$ 908
Financial Asset At Fair Value Through Profit Loss [Member]
IfrsStatementLineItems [Line Items]
As of January 1, 2020		9,964
(Credited)/charged to the statement of profit or loss during the year		(5,095)	5,170
As of December 31, 2020			9,964
Credit to other capital reserves		(4,463)	4,794
As of January 1, 2021 (As adjusted)		9,964
Foreign exchange difference		(406)
As of December 31, 2021			9,964
Temporary differences [member]
IfrsStatementLineItems [Line Items]
As of January 1, 2020		2,546	1,405
(Credited)/charged to the statement of profit or loss during the year		2,724	1,141
As of December 31, 2020			2,546
Credit to other capital reserves
As of January 1, 2021 (As adjusted)		2,546
Foreign exchange difference
As of December 31, 2021		5,270	2,546
Rightofuse Asset [Member]
IfrsStatementLineItems [Line Items]
As of January 1, 2020		620	66
(Credited)/charged to the statement of profit or loss during the year		(121)	554
As of December 31, 2020			620
Credit to other capital reserves
As of January 1, 2021 (As adjusted)		620
Foreign exchange difference
As of December 31, 2021		499	620
Totals [Member]
IfrsStatementLineItems [Line Items]
As of January 1, 2020		13,130	1,471
(Credited)/charged to the statement of profit or loss during the year		(2,492)	6,865
As of December 31, 2020			13,130
Credit to other capital reserves		(4,463)	4,794
As of January 1, 2021 (As adjusted)		13,130
Foreign exchange difference		(406)
As of December 31, 2021		¥ 5,769	¥ 13,130

DEFERRED TAX ASSETS AND LIABI_6

DEFERRED TAX ASSETS AND LIABILITIES (Details 3) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)
Deferred Tax Assets And Liabilities
Deductible temporary differences with no deferred tax assets recognized	$ 2,069	¥ 13,148	¥ 1,800
Tax losses with no deferred tax assets recognized	2,597	16,536	10,658
Total	$ 4,666	¥ 29,684	¥ 12,458

DEFERRED TAX ASSETS AND LIABI_7

DEFERRED TAX ASSETS AND LIABILITIES (Details 4) ¥ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)
Deferred Tax Assets And Liabilities
2021			¥ 1,171
2022	168	1,065	1,065
2023	365	2,318	2,318
2024	289	1,835	1,835
2025	667	4,237	4,237
2026	1,108	7,040
Total	$ 2,597	¥ 16,495	¥ 10,626

EQUITY (Schedule of Issued Capi

EQUITY (Schedule of Issued Capital) (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)	Jan. 02, 2020CNY (¥)
Authorized:
Authorized 10,000,000 preferred shares, no par value
Authorized 200,000,000 common shares, no par value
Common shares issued and fully paid:
33,988,082 (2018 and 2019: 24,910,916) common shares, no par	$ 70,924	¥ 450,782	¥ 419,091	¥ 340,875

EQUITY (Schedule of Company Sha

EQUITY (Schedule of Company Share Capital) (Details) ¥ in Thousands, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)shares	Dec. 31, 2021CNY (¥)shares	Dec. 31, 2020USD ($)shares	Dec. 31, 2020CNY (¥)shares
EQUITY
Number of shares	36,988,082	36,988,082	27,910,916	27,910,916
At January 1, 2020	$ 65,937	¥ 419,091	$ 53,631	¥ 340,875
Issuance of shares			9,077,166	9,077,166
Common shares issued through private placement	$ 4,987	¥ 31,691	$ 12,306	¥ 78,216
Common shares issued through private placement	3,960,000	3,960,000
Number of shares	40,948,082	40,948,082	36,988,082	36,988,082
At December 31, 2020	$ 70,924	¥ 450,782	$ 65,937	¥ 419,091

Equity (Details 2)

Equity (Details 2) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2020CNY (¥)
EQUITY
Other capital reserves as of January 1	$ 123,977	¥ 787,987	$ 120,161	¥ 763,729
Issuance of shares			3,816	24,258
Other capital reserves as of december 31			123,977	787,987
Other capital reserves as of January 1	123,977	787,987
Deemed distribution to controlling shareholder	(11,902)	(75,651)
Equity-settled share-based payment	364	2,311
Others	702	4,463
Other capital reserves as of december, 31	$ 113,141	¥ 719,110	$ 123,977	¥ 787,987

RELATED PARTY BALANCES AND TR_3

RELATED PARTY BALANCES AND TRANSACTIONS (Schedule of Commercial Transactions with Related Companies) (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019CNY (¥)
Related Party Balances And Transactions
Interest income received from Feishang Enterprise(a)	$ 534	¥ 3,396	¥ 6,792	¥ 6,792
CHNR's share of office rental, rates and others to Anka Consultants Limited (“Anka”)(b)	211	1,343	1,368	1,506
Feishang Management's share of office rental to Feishang Enterprise(a)	26	166	166	166
Shenzhen New PST’s share of office rental to Feishang Enterprise(a)	$ 14	¥ 90	¥ 90	¥ 90

RELATED PARTY BALANCES AND TR_4

RELATED PARTY BALANCES AND TRANSACTIONS (Schedule of Group Balances with Related Parties) (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)
Related Party Balances And Transactions
Xizang Xingwang Investment Co., Ltd. (“Xizang Xingwang”)(d,iv)			¥ 44,668
Feishang Enterprise(a,v)			79,225
Receivables from related companies			123,893
Feishang Enterprise(a,i)	475	3,019	6,646
Anka Capital Limited (“Anka Capital”)(b,iii)	423	2,691	2,780
Qianhai Industrial(c,vi)			70,033
Payable to related companies	898	5,710	79,459
Feishang Group(a,ii)	2,211	14,050	7,149
Payable to the Shareholder	2,211	14,050	7,149
Qianhai Industrial(c,vii)	794	5,048
Dividend payables to related companies	794	5,048
Anka(b)	59	372	1,092
Lease liabilities to related parties	$ 59	¥ 372	¥ 1,092

RELATED PARTY BALANCES AND TR_5

RELATED PARTY BALANCES AND TRANSACTIONS (Schedule of Compensation of Key Management Personnel of Group) (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)
Related Party Balances And Transactions
Wages, salaries and allowances	$ 182	¥ 1,154	¥ 1,386
Housing subsidies	3	17	17
Contribution to pension plans	11	68	79
Total Compensation of key management personnel	$ 196	¥ 1,239	¥ 1,482

DISPOSAL OF A SUBSIDIARY (Detai

DISPOSAL OF A SUBSIDIARY (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2021CNY (¥)	Mar. 31, 2021USD ($)	Dec. 31, 2020CNY (¥)	Jan. 01, 2020CNY (¥)
IfrsStatementLineItems [Line Items]
Other receivables	$ 13,562		¥ 86,201		¥ 1,920	¥ 1,962
Other payables and accruals	(1,903)		(12,098)		¥ (9,750)	¥ (19,711)
Assets Disposal [Member]
IfrsStatementLineItems [Line Items]
Other receivables			114,766	$ 18,057
Cash and cash equivalents			263	41
Other payables and accruals			(1,062)	(167)
Taxes payable			(10,200)	(1,605)
Net assets subject to disposal			103,767	16,326
Consideration			103,767	16,326
Net impact
Cash consideration
Cash and bank balances disposed	(41)	(263)
Net outflow of cash and cash equivalents included in cash flows from investing activities	$ (41)	¥ (263)

BUSINESS COMBINATION UNDER CO_2

BUSINESS COMBINATION UNDER COMMON CONTROL (Details Narrative)	12 Months Ended
	Dec. 31, 2021
Business Combination Under Common Control
Business Combination Under Common Control	the Company entered into a sale and purchase agreement with Mr. Li Feilie, pursuant to which the Company acquired 100% of the equity interests of PST Technology and assumed the outstanding indebtedness owed to Mr. Li Feilie amounting to CNY129,958 (US$20,159), of which CNY19,958 (US$3,096) was due from Shenzhen Qianhai before December 31, 2020 and CNY110,000 (US$17,063) was a financial support provided by Mr. Li Feilie to Shenzhen New PST, which acquired 100% of the equity interest of Shenzhen Qianhai on July 6, 2021. The considerations consisted of: (1) 3,000,000 newly issued restricted common shares of the Company at a fair value of CNY28,794 (US$4,530); (2)120,000,000 shares (an 8.69% equity interest) of FARL held by the Company at a fair value of CNY85,312 (US$13,423); and (3) cash of CNY10,297 (US$1,597). PST Technology, through its wholly owned subsidiaries, owns a 51% equity interests in Shanghai Onway, which is principally engaged in sales of assembled equipment, the provision of construction services and participating in PPP projects as operator.

PARTLY OWNED SUBSIDIARY WITH _3

PARTLY OWNED SUBSIDIARY WITH MATERIAL NON-CONTROLLING INTERESTS (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019CNY (¥)
IfrsStatementLineItems [Line Items]
Equity interest held by non-controlling interests	49.00%	49.00%	49.00%
Dividends paid to non-controlling interests	$ (771)	¥ (4,900)
Shanghai Onway [Member]
IfrsStatementLineItems [Line Items]
Loss for the year allocated to non-controlling interests	(1,073)	(6,819)	¥ (1,415)	¥ (4,886)
Dividends paid to non-controlling interests	771	4,900
Accumulated balances of non-controlling interest	$ 16,890	¥ 107,353	¥ 119,072	¥ 120,487

PARTLY OWNED SUBSIDIARY WITH _4

PARTLY OWNED SUBSIDIARY WITH MATERIAL NON-CONTROLLING INTERESTS (Details 1) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019USD ($)	Dec. 31, 2019CNY (¥)
IfrsStatementLineItems [Line Items]
Revenue	$ 2,948	¥ 18,735		¥ 42,498		¥ 147,179
Total expenses	29	(183)		(1,616)		(1,431)
(Loss)/Profit for the year		(54,971)		22,921		(47,928)
Total comprehensive income for the year	(8,313)	(52,836)		24,179		(49,302)
Net cash flows from operating activities	(1,897)	(12,068)		(46,526)		(30,340)
Net cash flows used in investing activities	8,395	53,352		(5,168)		(2,453)
Net cash flows used in financing activities	(6,103)	(38,786)		48,595		42,822
Effect of foreign exchange rate changes, net	395	2,498		(3,099)		10,029
(LOSS)/PROFIT BEFORE INCOME TAX	(8,313)	(52,836)		24,179		(49,302)
Shanghai Onways [Member]
IfrsStatementLineItems [Line Items]
Revenue	2,948	18,735	$ 5,606	35,631	$ 21,116	134,210
Total expenses	(5,084)	(32,312)	(6,036)	(38,362)	(18,922)	(120,264)
(Loss)/Profit for the year	(2,136)	(13,577)	(430)	(2,731)	2,194	13,946
Total comprehensive income for the year	(2,136)	(13,577)	(430)	(2,731)	2,194	13,946
Current assets	29,519	187,619	30,277	192,437
Non-current assets	19,914	126,573	24,084	153,073
Current liabilities	(6,406)	(40,716)	(7,465)	(47,445)
Non-current liabilities	(6,334)	(40,259)	(5,435)	(34,542)
Net cash flows from operating activities	(1,378)	(8,758)	(7,062)	(44,883)	(4,267)	(27,121)
Net cash flows used in investing activities	(237)	(1,509)	(882)	(5,608)	(417)	(2,648)
Net cash flows used in financing activities	(625)	(3,972)	7,660	48,688	6,783	43,109
Effect of foreign exchange rate changes, net
Net increase in cash and cash equivalents	(2,240)	(14,239)	(284)	(1,803)	2,099	13,340
(LOSS)/PROFIT BEFORE INCOME TAX	$ (2,136)	¥ (13,577)	$ (430)	¥ (2,731)	$ 2,194	¥ 13,946

RESTATEMENT (Details)

RESTATEMENT (Details) ¥ / shares in Units, $ / shares in Units, ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)$ / shares	Dec. 31, 2021CNY (¥)¥ / shares	Dec. 31, 2020CNY (¥)¥ / shares	Dec. 31, 2019CNY (¥)¥ / shares	Dec. 31, 2021CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2020CNY (¥)	Jan. 01, 2020CNY (¥)	Dec. 31, 2019USD ($)	Dec. 31, 2019CNY (¥)	Dec. 31, 2018CNY (¥)
IfrsStatementLineItems [Line Items]
Revenue	$ 2,948	¥ 18,735	¥ 42,498	¥ 147,179
Cost of sales	(2,910)	(18,494)	(39,215)	(132,141)
Selling and distribution expenses	(145)	(922)	(758)	(828)
Administrative expenses	(3,598)	(22,869)	(18,853)	(19,904)
Other operating income	(29)	183	1,616	1,431
Impairment losses on financial assets				(31,478)
Finance income	2,665	16,935	15,468	12,808
(Loss)/profit before income tax for the year	(8,313)	(52,836)	24,179	(49,302)
Profit/(loss) for the year		(54,971)	22,921	(47,928)
Consolidated statement of changes in equity:
Equity attributable to owners of the Company	$ (7,576)	¥ (48,152)	¥ 24,336	¥ (43,042)
Loss per share attributable to ordinary equity holders of the Company:
- Earnings/(loss) per share | (per share)	$ (0.19)	¥ (1.18)	¥ 0.78	¥ (1.54)
Finance costs	$ 686	¥ (4,359)	¥ (3,749)	¥ (340)
Non-current assets	19,488				¥ 123,867		¥ 151,691	¥ 125,940
Current assets	32,974				209,581		378,365	269,020
Total assets	52,462				333,448	$ 52,462	530,056	394,960		¥ 394,960
Current liabilities	11,586				73,659		148,663	199,109
Non-current liabilities	12,235				77,752		89,594	30,150
Total liabilities	23,821				151,411		238,257	229,259		229,259
Issued capital	70,924				450,782	$ 65,937	419,091	340,875	$ 53,631	340,875
Other capital reserves	113,141				719,110		787,987	763,729
Accumulated losses	(170,611)				(1,084,387)		(1,031,187)	(1,055,523)
Other comprehensive (loss)/income	(1,703)				(10,821)		(3,164)	(3,867)
Equity attributable to owners of the Company	28,641				182,037		291,799			¥ 165,701	¥ 200,023
Non-controlling interests	16,890				107,353		119,072	120,487
Total equity	$ 28,641				¥ 182,037		291,799	165,701
Previously Reported [Member]
IfrsStatementLineItems [Line Items]
Revenue			6,867	12,969
Cost of sales			6,854	(12,752)
Selling and distribution expenses			(2)	(2)
Administrative expenses			(7,140)	(5,814)
Other operating income
Impairment losses on financial assets
Finance costs			(60)
Finance income			18	16
(Loss)/profit before income tax for the year			1,416
Profit/(loss) for the year			25,579	(5,645)
Consolidated statement of changes in equity:
Equity attributable to owners of the Company			¥ 101,202	¥ (27,554)
Loss per share attributable to ordinary equity holders of the Company:
- Earnings/(loss) per share | ¥ / shares			¥ 0.90	¥ 0.23
Finance costs				¥ (62)
Non-current assets							1,237	830
Current assets							141,191	7,468
Total assets							142,428	8,298
Current liabilities							30,915	35,852
Non-current liabilities							10,311
Total liabilities							41,226	35,852
Issued capital							390,297	312,081
Other capital reserves							716,776	692,518
Accumulated losses							(1,002,705)	(1,028,284)
Other comprehensive (loss)/income							(3,166)	(3,869)
Equity attributable to owners of the Company							101,202
Non-controlling interests
Total equity							101,202	(27,554)
Equity attributable to owners of the Company								(27,554)
Adjustment [Member]
IfrsStatementLineItems [Line Items]
Revenue			¥ 35,631	134,210
Cost of sales			32,361	(119,389)
Selling and distribution expenses			(756)	(826)
Administrative expenses			(11,713)	(14,090)
Other operating income			1,616	1,431
Impairment losses on financial assets			(4,162)	(9,367)
Finance costs			(3,689)
Finance income			15,450	12,792
(Loss)/profit before income tax for the year			(2,674)	1,374
Profit/(loss) for the year			(2,658)	(42,283)
Consolidated statement of changes in equity:
Equity attributable to owners of the Company			¥ 71,525	¥ 72,768
Loss per share attributable to ordinary equity holders of the Company:
- Earnings/(loss) per share | ¥ / shares			¥ (0.12)	¥ (1.77)
Impairment loss on intangible assets				¥ (16,662)
Impairment loss on goodwill				(31,478)
Finance costs				(278)
Non-current assets							150,454	125,110
Current assets							237,174	261,552
Total assets							387,628	386,662
Current liabilities							117,748	163,257
Non-current liabilities							79,283	30,150
Total liabilities							197,031	193,407
Issued capital							28,794	28,794
Other capital reserves							71,211	71,211
Accumulated losses							(28,482)	(27,239)
Other comprehensive (loss)/income							2	2
Equity attributable to owners of the Company							71,525
Non-controlling interests							119,072	120,487
Total equity							190,597	193,255
Equity attributable to owners of the Company								72,768
The Group [Member]
IfrsStatementLineItems [Line Items]
Revenue			¥ 42,498	147,179
Cost of sales			39,215	(132,141)
Selling and distribution expenses			(758)	(828)
Administrative expenses			(18,853)	(19,904)
Other operating income			1,616	1,431
Impairment losses on financial assets			(4,162)	(9,367)
Finance costs			(3,749)
Finance income			15,468	12,808
(Loss)/profit before income tax for the year			(1,258)	1,374
Profit/(loss) for the year			22,921	(47,928)
Consolidated statement of changes in equity:
Equity attributable to owners of the Company			¥ 172,727	¥ 45,214
Loss per share attributable to ordinary equity holders of the Company:
- Earnings/(loss) per share | ¥ / shares			¥ 0.78	¥ (1.54)
Impairment loss on intangible assets				¥ (16,662)
Impairment loss on goodwill				(31,478)
Finance costs				¥ (340)
Non-current assets							151,691	125,940
Current assets							378,365	269,020
Total assets							530,056	394,960
Current liabilities							148,663	199,109
Non-current liabilities							89,594	30,150
Total liabilities							238,257	229,259
Issued capital							419,091	340,875
Other capital reserves							787,987	763,729
Accumulated losses							(1,031,187)	(1,055,523)
Other comprehensive (loss)/income							(3,164)	(3,867)
Equity attributable to owners of the Company							172,727
Non-controlling interests							119,072	120,487
Total equity							¥ 291,799	165,701
Equity attributable to owners of the Company								¥ 45,214

NOTES TO THE CONSOLIDATED STA_3

NOTES TO THE CONSOLIDATED STATEMENTS OF CASH FLOWS (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)
Due to related companies [Member]
IfrsStatementLineItems [Line Items]
As of January 1, 2021 (As adjusted)	$ 12,502	¥ 79,459	¥ 75,306
Changes from financing cash flows	7,833	49,788	4,082
New leases
Foreign exchange movement
Interest expenses and dividends declared
Other changes	(19,437)	(123,537)	71
As of December 31, 2021	898	5,710	79,459
Due to the Shareholder [Member]
IfrsStatementLineItems [Line Items]
As of January 1, 2021 (As adjusted)	1,125	7,149	7,097
Changes from financing cash flows	(1,125)	(7,149)	462
New leases
Foreign exchange movement			(410)
Interest expenses and dividends declared
Other changes	2,211	14,050
As of December 31, 2021	2,211	14,050	7,149
Lease liabilities [member]
IfrsStatementLineItems [Line Items]
As of January 1, 2021 (As adjusted)	559	3,550	1,238
Changes from financing cash flows	(254)	(1,613)	(1,849)
New leases	16	102	4,081
Foreign exchange movement
Interest expenses and dividends declared	24	150	80
Other changes
As of December 31, 2021	345	2,189	3,550
Interest-bearing loans and borrowings [Member]
IfrsStatementLineItems [Line Items]
As of January 1, 2021 (As adjusted)	13,213	80,000	33,377
Changes from financing cash flows	(472)		50,000
New leases
Foreign exchange movement
Interest expenses and dividends declared	(626)		(3,377)
Other changes
As of December 31, 2021	12,115		80,000
Interest Bearing Loans And Borrowings 1 [Member]
IfrsStatementLineItems [Line Items]
As of January 1, 2021 (As adjusted)		83,979
Changes from financing cash flows		(3,000)
New leases
Interest expenses and dividends declared		(3,979)
Other changes
As of December 31, 2021		77,000	83,979
Dividends Payable [Member]
IfrsStatementLineItems [Line Items]
As of January 1, 2021 (As adjusted)
Changes from financing cash flows	(771)	(4,900)
New leases
Interest expenses and dividends declared	1,565	9,948
Other changes
As of December 31, 2021	$ 794	¥ 5,048

NOTES TO THE CONSOLIDATED STA_4

NOTES TO THE CONSOLIDATED STATEMENTS OF CASH FLOWS (Schedule of Cash Outflow for Leases) (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)
Notes To Consolidated Statements Of Cash Flows
Within operating activities	$ (80)	¥ (511)	¥ (406)
Within financing activities	(254)	(1,613)	(1,849)
Total cash outflow for leases	$ (334)	¥ (2,124)	¥ (2,255)

NOTES TO THE CONSOLIDATED STA_5

NOTES TO THE CONSOLIDATED STATEMENTS OF CASH FLOWS (Details Narrative) - CNY (¥) ¥ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Notes To Consolidated Statements Of Cash Flows
Right-of-use assets	¥ 102	¥ 4,081
Lease liabilities	¥ 102	¥ 4,081

COMMITMENTS (Details Narrative)

COMMITMENTS (Details Narrative) - CNY (¥) ¥ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Commitments
Capital commitments	¥ 0	¥ 0

CONDENSED FINANCIAL INFORMATI_3

CONDENSED FINANCIAL INFORMATION OF THE COMPANY (Schedule of Condensed Statements of FInancial Position) (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2020CNY (¥)	Jan. 01, 2020CNY (¥)	Dec. 31, 2019USD ($)	Dec. 31, 2019CNY (¥)
NON-CURRENT ASSETS
Total Non-current	$ 19,488	¥ 123,867		¥ 151,691	¥ 125,940
CURRENT ASSETS
Financial assets at fair value through profit or loss				138,674
Total Current	32,974	209,581		378,365	269,020
TOTAL ASSETS	52,462	333,448	$ 52,462	530,056	394,960		¥ 394,960
NON-CURRENT LIABILITIES
Deferred tax liabilities	401	2,544		10,426	150		150
Lease liabilities	191	1,208		2,168
TOTAL NON-CURRENT LIABILITIES	12,235	77,752		89,594	30,150
CURRENT LIABILITIES
Other payables and accruals	1,903	12,098		9,750	19,711
Due to the Shareholder	2,211	14,050		7,149	7,097
Lease liabilities	154	981		1,382	1,238
Derivative financial liabilities		269		1,710
TOTAL CURRENT LIABILITIES	11,586	73,659		148,663	199,109
TOTAL LIABILITIES	23,821	151,411		238,257	229,259		229,259
EQUITY
Issued capital	70,924	450,782	$ 65,937	419,091	340,875	$ 53,631	¥ 340,875
Other capital reserves	113,141	719,110		787,987	763,729
Accumulated losses	(170,611)	(1,084,387)		(1,031,187)	(1,055,523)
Other comprehensive loss	(1,703)	(10,821)		(3,164)	(3,867)
TOTAL EQUITY	28,641	182,037		291,799	165,701
TOTAL LIABILITIES AND EQUITY	52,462	333,448		530,056	¥ 394,960
Separate [member]
NON-CURRENT ASSETS
Right-of-use assets	57	360		1,079
Total Non-current	57	360		1,079
CURRENT ASSETS
Amounts due from subsidiaries	21,416	136,120		9,404
Cash and cash equivalents	2,677	17,017		58
Financial assets at fair value through profit or loss				138,674
Total Current	24,093	153,137		148,136
TOTAL ASSETS	24,150	153,497		149,215
NON-CURRENT LIABILITIES
Deferred tax liabilities				9,964
Lease liabilities				347
TOTAL NON-CURRENT LIABILITIES				10,311
CURRENT LIABILITIES
Other payables and accruals	681	4,335		2,273
Due to the Shareholder				7,149
Due to related companies	423	2,690		2,780
Lease liabilities	59	373		745
Derivative financial liabilities	269	1,710
TOTAL CURRENT LIABILITIES	1,432	9,108		12,947
TOTAL LIABILITIES	1,432	9,108		23,258
EQUITY
Issued capital	67,478	428,882		368,395
Other capital reserves	135,335	860,168		847,839
Accumulated losses	(175,906)	(1,118,038)		(1,074,563)
Other comprehensive loss	(4,189)	(26,623)		(15,714)
TOTAL EQUITY	22,718	144,389		125,957
TOTAL LIABILITIES AND EQUITY	$ 24,150	¥ 153,497		¥ 149,215

CONDENSED FINANCIAL INFORMATI_4

CONDENSED FINANCIAL INFORMATION OF THE COMPANY (Schedule of Condensed Statements of Profit or Loss) (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019CNY (¥)
IfrsStatementLineItems [Line Items]
Administrative expenses	$ (3,598)	¥ (22,869)	¥ (18,853)	¥ (19,904)
Interest income	(1,157)	(7,358)	(7,330)	(6,797)
(Loss)/profit before income tax for the year	(8,313)	(52,836)	24,179	(49,302)
(Loss)/profit for the year	(8,649)	(54,971)	22,921	(47,928)
Separate [member]
IfrsStatementLineItems [Line Items]
Administrative expenses	(1,583)	(10,059)	(5,243)	(3,814)
Finance costs	(25)	(162)	(38)
Interest income				1
Fair value gain/(loss) on financial instruments, net	(6,034)	(38,349)	31,334
(Loss)/profit before income tax for the year	(7,642)	(48,570)	26,053	(3,813)
Income tax expense	802	5,095	(5,170)
(Loss)/profit for the year	$ (6,840)	¥ (43,475)	¥ 20,883	¥ (3,813)

CONDENSED FINANCIAL INFORMATI_5

CONDENSED FINANCIAL INFORMATION OF THE COMPANY (Schedule of Condensed Statements of Cash Flow) (Details) ¥ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019CNY (¥)
IfrsStatementLineItems [Line Items]
Net cash flows used in operating activities	$ (1,897)	¥ (12,068)	¥ (46,526)	¥ (30,340)
Net cash flows used in investing activities	8,395	53,352	(5,168)	(2,453)
Net cash flows from financing activities	(6,103)	(38,786)	48,595	42,822
NET (DECREASE)/ INCREASE IN CASH	395	2,498	(3,099)	10,029
Net foreign exchange differences	(115)	(719)	281	(27)
Separate [member]
IfrsStatementLineItems [Line Items]
Net cash flows used in operating activities	(956)	(6,076)	(3,269)	(3,294)
Net cash flows used in investing activities	(1,620)	(10,297)	(216)	(21)
Net cash flows from financing activities	5,363	34,089	1,982
NET (DECREASE)/ INCREASE IN CASH	2,787	17,716	(1,503)	(3,315)
CASH AT BEGINNING OF THE YEAR	9	58	811	4,122
Net foreign exchange differences	(119)	(757)	750	4
CASH AT END OF THE YEAR	$ 2,677	¥ 17,017	¥ 58	¥ 811

CONDENSED FINANCIAL INFORMATI_6

CONDENSED FINANCIAL INFORMATION OF THE COMPANY (Details Narrative) - Separate [member] $ in Thousands	Dec. 31, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019CNY (¥)
IfrsStatementLineItems [Line Items]
Restricted capital and reserves	$ 27,224	¥ 178,394
Dividend Payables		¥ 0	¥ 0	¥ 0