v3.25.1
CONSOLIDATED STATEMENTS OF CASH FLOWS
¥ in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2024
CNY (¥)
Dec. 31, 2023
USD ($)
Dec. 31, 2023
CNY (¥)
Dec. 31, 2022
USD ($)
Dec. 31, 2022
CNY (¥)
Cash flows from operating activities:            
Net income | $ $ 734   $ 1,828   $ 369  
Adjustments to reconcile net income to net cash provided by (used in) operating activities            
Depreciation of property, plant and equipment | $ 14   15   33  
Amortization on right-of-use assets | $ 132   (14)   19  
Loss on disposal of property, plant and equipment | $ 0   0   7  
Stock-based compensation expense | $ 12   47   45  
Non-controlling interests in (loss) / income of subsidiaries | $ 111   (178)   170  
Equity in profit of affiliates | $ (398)   (1,927)   (413)  
Deferred tax expenses | $ 41   5   34  
Change in non-current assets and liabilities:            
Long-term operating lease obligations | $ (35)   (43)   46  
Change in operating assets and liabilities:            
Accounts receivable | $ 1,478   (1,278)   2,045  
Prepayments and other current assets | $ (25)   240   86  
Contract assets | $ (69)   151   (143)  
Inventories | $ 223   (120)   (56)  
Accounts payables | $ (1,177)   1,177   (872)  
Contract liabilities | $ (57)   25   (451)  
Other payables and accrued expenses | $ (74)   (107)   (354)  
Income tax payable | $ (42)   42   (42)  
Right-of-use assets and operating lease liabilities | $ (87)   57   (62)  
Net cash (used in) provided by operating activities | $ 781   (80)   461  
Cash flows from investing activities:            
Payment to acquire property, plant and equipment | $ (5)   (5)   (7)  
Dividend received from affiliates | $ 307   322   239  
Net cash provided by investing activities | $ 302   317   232  
Cash flows from financing activities:            
Dividend paid | $ (617)   0   (464)  
Purchase of treasury stock | $ (7)   (14)   0  
Proceeds from bank borrowings | $ 0   666   868  
Repayment to bank borrowings | $ (154)   (734)   (1,022)  
Net cash used in financing activities | $ (778)   (82)   (618)  
Foreign currency translation adjustment | $ 19   8   112  
Net change in cash, cash equivalents and restricted cash | $ 286   147   (37)  
BEGINNING OF YEAR | $ 6,790   6,643   6,680  
END OF YEAR | $ 7,076   6,790   6,643  
Represented by:            
Cash and cash equivalents | $ 5,805   5,453   5,628  
Restricted cash | $ 1,271   1,337   1,015  
Cash and cash equivalents restricted cash | $ 7,076   6,790   6,643  
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:            
Cash paid for income taxes | $ 77   1   42  
Cash paid for interest | $ $ 1   $ 7   $ 7  
ZHEJIANG TIANLAN            
Cash flows from operating activities:            
Net income   ¥ 14,466   ¥ 70,537   ¥ 15,766
Adjustments to reconcile net income to net cash provided by (used in) operating activities            
Depreciation of property, plant and equipment   6,175   5,964   6,580
Deferred tax expenses   (2,909)   8,727   (361)
Change in operating assets and liabilities:            
Accounts receivable   (6,821)   7,538   (28,768)
Prepayments and other current assets   (7,047)   (2,590)   (12,347)
Contract assets   6,236   (4,112)   (8,241)
Inventories   (239)   (70)   (1,014)
Accounts payables   426   (21,502)   34,751
Contract liabilities   8,085   8,949   (2,978)
Other payables and accrued expenses   1,349   (64,781)   70,063
Net cash (used in) provided by operating activities   (40,233)   (10,649)   100,149
Cash flows from investing activities:            
Payment to acquire property, plant and equipment   (408)   (1,708)   (1,143)
Net cash provided by investing activities   (8,726)   37,466   (16,343)
Cash flows from financing activities:            
Proceeds from bank borrowings   6,000   6,500   6,000
Repayment to bank borrowings   (6,500)   (5,500)   (14,000)
Net cash used in financing activities   (13,298)   (12,211)   (17,400)
BEGINNING OF YEAR   135,988   121,382   54,976
END OF YEAR   73,731   135,988   121,382
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:            
Cash paid for income taxes   0   0   0
Cash paid for interest   252   253   626
Amortization of intangible assets   235   246   257
Amortization of land use right   149   180   150
Amortization of right-of-use Assets   141   0   0
Impairment loss on contract assets   723   (2,158)   3,560
Impairment loss on short-term investments   0   0   195
Fair value gain on short term investment   248       0
Proceeds from deferred government grant       0   700
Property, plant and equipment written off       (36,241)   218
Reversal of allowance for doubtful accounts       (677)   (983)
Deferred government grant   (2,789)   386   (3,562)
Operating lease right-of-use Assets   (2,389)        
Operating lease liabilities, non-current   (1,542)        
Short-term investments   (53,292)   14,805   0
Other taxes payable   (875)   (4,074)   1,469
Operating lease liabilities, current   (563)       0
(Capital injection)/proceed from investment   (8,318)   0   0
Proceeds from sale of property, plant and equipment       39,374   0
Purchase of intangible assets       (200)   (200)
Purchase of short-term investments       0   (15,000)
Dividend paid to shareholders and interest paid   (12,798)   (13,211)   (9,400)
Net increase in cash and cash equivalents   (62,257)   14,606   66,406
Finance leases (disclosed in accompanying Note 3)   ¥ 0   ¥ 0   ¥ 0