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Financial Risk Management Objectives and Policies (Tables)
 12 Months Ended
Dec. 31, 2024
Financial Risk Management Objectives and Policies [Abstract]  
Schedule of Foreign Currency Risk The Group’s exposure to foreign currency risk at the end of the reporting period, expressed in US dollars, was as follows:
   As of December 31, 2024   As of December 31, 2023 
   RMB   CHF   RMB   CHF 
   US’000   US’000   US’000   US’000 
Cash and cash equivalents   47,198    105    23,223    119 
Interest-bearing bank and other borrowings   (12,520)   
—
    (12,707)   
—
 
Trade payables   (5,474)   
—
    (6,891)   
—
 
Schedule of Exchange Rate

The following table demonstrates the sensitivity at the end of each of the Relevant Periods to a reasonably possible change in the $ and RMB exchange rate, with all other variables held constant, of the Group’s profit before tax (due to changes in the fair values of monetary assets and liabilities).

 

   Increase/   Increase/     
   (decrease) in   (decrease)   Increase/ 
   $/RMB   in net   (decrease) 
   rate%   loss   in equity 
       $’000   $’000 
At December 31, 2022            
If the $ strengthens against the RMB   5    
—
    (1,939)
If the $ weakens against the RMB   (5)   
—
    4,081 

 

   Increase/   Increase/     
   (decrease) in   (decrease)   Increase/ 
   $/RMB   in net   (decrease) 
   rate%   loss   in equity 
       $’000   $’000 
At December 31, 2023            
If the $ strengthens against the RMB   5    (1,010)   (943)
If the $ weakens against the RMB   (5)   1,116    1,042 

 

   Increase/   Increase/     
   (decrease) in   (decrease)   Increase/ 
   $/RMB   in net   (decrease) 
   rate%   loss   in equity 
       $’000   $’000 
As of December 31, 2024            
If the $ strengthens against the RMB   5    (859)   (863)
If the $ weakens against the RMB   (5)   949    954 
Schedule of Financial Liabilities of Each Relevant Periods, Based on the Contractual Undiscounted Payments

The maturity profile of the Group’s financial liabilities as of the end of each Relevant Periods, based on the contractual undiscounted payments, is as follows:

 

   As of December 31, 2023 
       Less than             
   On demand   1 year   1 to 5 years   Over 5 years   Total 
   $’000   $’000   $’000   $’000   $’000 
Trade and bills payables   14,348    
—
    
—
    
—
    14,348 
Financial liabilities included in other payables and accruals   4,247    
—
    
—
    
—
    4,247 
Lease liabilities   
—
    722    478    
—
    1,200 
Interest-bearing bank borrowings   
—
    31,340    
—
    
—
    31,340 
Total   18,595    32,062    478    
—
    51,135 

 

   As of December 31, 2024 
       Less than             
   On demand   1 year   1 to 5 years   Over 5 years   Total 
   $’000   $’000   $’000   $’000   $’000 
Trade and bills payables   10,146    
—
    
—
    
—
    10,146 
Financial liabilities included in other payables and accruals   275    
—
    
—
    
—
    275 
Lease liabilities   
—
    471    453    
—
    924 
Interest-bearing bank borrowings   
—
    27,102    
—
    
—
    27,102 
Total   10,421    27,573    453    
—
    38,447 
Schedule of Asset Liability Ratios

The asset-liability ratios as of the end of each of the Relevant Periods are as follows:

 

   As of December 31, 
   2023   2024 
   revised     
   $’000   $’000 
Total assets   130,189    71,270 
Total liabilities   55,143    45,785 
Asset-liability ratio (Note i)   2.36    1.56 

The asset-liability ratio is calculated by dividing total assets by total liabilities.