v3.25.1
Investments in affiliates (Tables)
12 Months Ended
Dec. 31, 2024
Investments in affiliates  
Investments in affiliates

 

 

December 31,

 

 

 

2024

 

 

2023

 

 

 

 

 

 

 

 

Zhejiang Tianlan Environmental Protection Technology Co. Ltd.

 

 

 

 

 

 

Interest held

 

 

19.4%

 

 

19.4%

 

 

 

 

 

 

 

 

 

 

 

US$’000

 

 

US$’000

 

 

 

 

 

 

 

 

 

 

Long-term investment, at cost, less impairment

 

 

5,540

 

 

 

5,540

 

Share of undistributed profits

 

 

4,407

 

 

 

4,316

 

 

 

 

9,947

 

 

 

9,856

 

Summary of the financial information of the affiliates

 

 

December 31,

 

 

 

2024

 

 

2023

 

Balance Sheet:

 

US$’000

 

 

US$’000

 

 

 

 

 

 

 

 

Current assets

 

 

50,487

 

 

 

51,683

 

 

 

 

 

 

 

 

 

 

Non-current assets

 

 

10,569

 

 

 

10,909

 

Total assets

 

 

61,056

 

 

 

62,592

 

 

 

 

 

 

 

 

 

 

Total liabilities

 

 

(25,204 )

 

 

(26,374 )

Total shareholders’ equity

 

 

35,852

 

 

 

36,218

 

 

 

Year ended December 31,

 

 

 

2024

 

 

2023

 

Operating results:

 

US$’000

 

 

US$’000

 

 

 

 

 

 

 

 

Net sales

 

 

48,365

 

 

 

38,530

 

 

 

 

 

 

 

 

 

 

Operating income

 

 

1,926

 

 

 

337

 

 

 

 

 

 

 

 

 

 

Net income

 

 

2,008

 

 

 

9,978