v3.25.4
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Depreciation Expenses Using Straight-Line Method
The Company computed depreciation expenses using the straight-line method over the following estimated useful lives:
 
Classification
  
Years
Land use right
   50 years
Buildings
   20 years – 47 years
Machinery and equipment
   4 – 5 years
Leasehold improvements
   shorter of lease term or 4 years
Furniture and fixtures
   4 years
Motor vehicle
   4 years
Fair Value of Assets
At the end of the accounting period, the fair value of the following assets was as follow:
 
At December 31,
  
2020
    
2021
 
    
(’000)
    
(’000)
 
    
Level 1
    
Level 2
    
Level 3
    
Total
    
Level 1
    
Level 2
    
Level 3
    
Total
 
Short term investments
     150,150        —         —         150,150        32,406        —         —         32,406  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
At December 31,
  
2022
    
2023
 
    
(’000)
    
(’000)
 
    
Level 1
    
Level 2
    
Level 3
    
Total
    
Level 1
    
Level 2
    
Level 3
    
Total
 
Short term investments
     32,406        —         —         32,406        30,796        —         —         30,796  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
 
At December 31,
  
2024
 
    
(’000)
 
    
Level 1
    
Level 2
    
Level 3
    
Total
 
Short term investments
     —         —         —         —