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REVENUE
6 Months Ended
Jun. 30, 2019
Revenue [abstract]  
REVENUE

2. REVENUE


 

 

Six months ended June 30,

 

 

 

2018

 

 

2019

 

 

2019

 

 

 

CNY

 

 

CNY

 

 

US$

 

 

 

(Unaudited)

  

  

(Unaudited)

  

  

(Unaudited)

  

 

 

 

 

 

 

 

 

 

  

Revenue from contracts with customers

 

 

 

 

 

 

 

 

 

Sale of copper ores

 

 

 

 

 

1,403

 

 

 

204

 


(i)    Disaggregated revenue information


 

 

Six months ended June 30,

 

 

 

2018

 

 

2019

 

 

2019

 

 

 

CNY

 

 

CNY

 

 

US$

 

 

 

(Unaudited)

  

  

(Unaudited)

  

  

(Unaudited)

  

 

 

 

 

 

 

 

 

 

  

Type of goods

 

 

 

 

 

 

 

 

 

Sale of copper ores

 

 

 

 

 

1,403

 

 

 

204

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Geographic market

 

 

 

 

 

 

 

 

 

 

 

 

Mainland China

 

 

 

 

 

1,403

 

 

 

204

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Timing of revenue recognition

 

 

 

 

 

 

 

 

 

 

 

 

Goods transferred at a point in time

 

 

 

 

 

1,403

 

 

 

204

 


(ii)   Performance obligations


Information about the Group’s performance obligations is summarized below:


Sale of copper ores


The performance obligation is satisfied upon delivery of the copper ores and payment is generally due within 30 days from delivery.