v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Profit for the year $ 45,275 $ 79,770 $ 49,421
Adjustments for:      
Depreciation and amortization 22,549 22,354 20,322
Share-based compensation expenses 730 1,247 2,663
Loss (gains) on disposal and scrap of property, plant and equipment, net 10 4 (368)
Gains on disposal of land held for sale (3,205) 0 0
Loss on re-measurement of the pre-existing relationships in a business combination 0 0 1,932
Changes in fair value of financial assets at fair value through profit or loss (1,472) (1,363) (1,655)
Interest income (9,842) (9,907) (8,746)
Finance costs 3,491 4,014 6,080
Income tax expense (benefit) 9,592 (2,435) (5,028)
Share of losses of associates 3,185 831 598
Inventories write downs 17,087 13,551 21,540
Unrealized foreign currency exchange losses (gains) 264 (171) 624
Cash flows from operating activities before changes in operating capital 87,664 107,895 87,383
Changes in:      
Accounts receivable (including related parties) 29,380 (40,738) 20,804
Inventories (10,501) 45,011 132,090
Other receivable from related parties (9) 56 5
Other current assets (8,949) 3,941 (3,863)
Accounts payable (including related parties) 25,766 14,567 7,676
Other payable to related parties 364 (110) (268)
Contract liabilities 1,098 45 (37,051)
Other current liabilities 15,545 (9,010) 1,246
Other non-current liabilities (18) (2,260) (4,602)
Cash generated from operating activities 140,340 119,397 203,420
Interest received 9,386 9,732 8,567
Interest paid (3,692) (4,015) (6,080)
Income tax paid (6,007) (9,138) (53,066)
Net cash provided by operating activities 140,027 115,976 152,841
Cash flows from investing activities:      
Acquisitions of property, plant and equipment (20,125) (13,054) (23,378)
Proceeds from disposal of property, plant and equipment 0 0 111
Acquisitions of intangible assets (397) (153) (115)
Acquisitions of financial assets at amortized cost (6,217) (11,236) (6,911)
Proceeds from disposal of financial assets at amortized cost 7,803 19,457 3,099
Acquisitions of financial assets at fair value through profit or loss (61,765) (76,003) (82,628)
Proceeds from disposal of financial assets at fair value through profit or loss 37,272 70,389 75,539
Acquisitions of financial assets at fair value through other comprehensive income (3,300) (17,164) (1,379)
Proceeds from disposal of financial assets at fair value through other comprehensive income 0 0 99
Acquisition of a subsidiary, net of cash acquired (paid) (584) (5,416) 433
Proceeds from capital reduction of investment 0 338 360
Acquisitions of equity method investments (1,470) (1,236) 0
Decrease (increase) in refundable deposits 28,403 33,562 (56,933)
Releases of restricted deposit 31 0 0
Cash received in advance from disposal of land 0 0 2,821
Net cash used in investing activities (20,349) (516) (88,882)
Cash flows from financing activities:      
Purchase of treasury shares (4,515) (832) 0
Decrease (increase) in prepayments for purchase of treasury shares 515 (2,168) 0
Payments of cash dividends (64,934) (50,670) (83,720)
Payments of dividend equivalents (218) (233) (148)
Proceeds from issuance of new shares by subsidiaries 189 71 916
Purchases of subsidiary shares from noncontrolling interests (127) (190) (9)
Proceeds from short-term unsecured borrowings 946 0 47,226
Repayments of short-term unsecured borrowings (1,125) 0 (47,226)
Repayments of long-term unsecured borrowings (6,416) (6,000) (6,000)
Proceeds from short-term secured borrowings 2,200,560 1,780,300 1,383,300
Repayments of short-term secured borrowings (2,136,060) (1,729,600) (1,299,600)
Pledge of restricted deposit (64,500) (50,700) (83,700)
Payment of lease liabilities (3,160) (5,032) (4,830)
Guarantee deposits received (refunded) (1,898) (23,163) 200
Net cash used in financing activities (80,743) (88,217) (93,591)
Effect of foreign currency exchange rate changes on cash and cash equivalents 421 (844) (200)
Net increase (decrease) in cash and cash equivalents 39,356 26,399 (29,832)
Cash and cash equivalents at beginning of year 218,148 191,749 221,581
Cash and cash equivalents at end of year $ 257,504 $ 218,148 $ 191,749