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CONSOLIDATED BALANCE SHEETS
¥ in Thousands, $ in Thousands
Dec. 31, 2016
CNY (¥)
Dec. 31, 2016
USD ($)
Dec. 31, 2015
CNY (¥)
Dec. 31, 2015
USD ($)
Assets        
Cash and cash equivalents | $   $ 3,751   $ 2,480
Restricted cash | $   284   475
Accounts receivable, net | $   4,393   4,500
Prepayments and other current assets | $   815   500
Inventories | $   344   557
Total current assets | $   9,587   8,512
Property, plant and equipment, net | $   771   773
Interests in affiliates | $   11,489   10,712
Goodwill | $   1,071   1,071
Deferred tax assets | $   186   202
Total assets | $   23,104   21,270
Liabilities and shareholders' equity        
Accounts payable | $   3,173   3,054
Loans payable | $   720   0
Other payables and accrued expenses | $   2,258   1,626
Taxes payable | $   335   134
Total current liabilities | $   6,486   4,814
Commitments and contingencies | $    
Total liabilities | $   6,486   4,814
Shareholders' equity:        
Ordinary shares, 20,000,000 (2015: 20,000,000) shares authorized; 2,229,609 (2015: 2,229,609) shares issued | $   123   123
Additional paid-in capital | $   9,551   9,551
Treasury stock, 167,700 shares at cost as of December 31, 2016 and 2015, respectively | $   (786)   (786)
PRC statutory reserves | $   352   315
Accumulated other comprehensive income | $   857   799
Retained earnings | $   5,338   5,144
Equity attributable to shareholders | $   15,435   15,146
Non-controlling interest | $   1,183   1,310
Total shareholders' equity | $   16,618   16,456
Total liabilities and shareholders' equity | $   $ 23,104   $ 21,270
ZHEJIANG TIANLAN        
Assets        
Cash and cash equivalents ¥ 33,545   ¥ 35,635  
Accounts receivable, net 165,100   207,907  
Prepayments and other current assets 111,057   119,558  
Other tax receivables 215   5  
Inventories 13,105   12,111  
Total current assets 323,022   375,216  
Property, plant and equipment, net 149,840   161,731  
Intangible asset, net 1,375   1,548  
Land use right, net 5,747   5,896  
Deferred tax assets 5,864   4,527  
Other non-current asset 17,512   0  
Total assets 503,360   548,918  
Liabilities and shareholders' equity        
Short term borrowings 25,000   45,000  
Accounts payable 117,939   176,981  
Other payables and accrued expenses 51,183   40,775  
Other taxes payable 7,490   8,423  
Income tax payable 3,262   994  
Total current liabilities 204,874   272,173  
Long term borrowings 111,691   107,732  
Commitments and contingencies    
Total liabilities 316,565   379,905  
Shareholders' equity:        
Share capital 81,372   80,172  
Capital reserve 26,480   24,217  
PRC statutory reserves 11,636   9,094  
Retained earnings 65,394   53,928  
Equity attributable to shareholders 184,882   167,411  
Non-controlling interest 1,913   1,602  
Total shareholders' equity 186,795   169,013  
Total liabilities and shareholders' equity 503,360   548,918  
ZHEJIANG JIAHUAN        
Assets        
Cash and cash equivalents 6,595   7,303  
Restricted cash 1,498   1,490  
Accounts receivable, net 91,037   99,832  
Prepayments and other current assets 15,442   17,472  
Notes receivables 11,064   700  
Inventories 28,005   21,463  
Total current assets 153,641   148,260  
Property, plant and equipment, net 21,861   23,788  
Intangible asset, net 242   508  
Land use right, net 6,288   6,451  
Long term investment 69   69  
Total assets 182,101   179,076  
Liabilities and shareholders' equity        
Short term borrowings 28,200   39,400  
Note payable 4,750   3,595  
Accounts payable 27,595   27,130  
Other payables and accrued expenses 13,911   10,223  
Income tax payable 1,466   2,892  
Total current liabilities 75,922   83,240  
Other long term liabilities 5,671   5,790  
Shareholders' equity:        
Share capital 80,000   11,250  
Capital reserve (1,399)   8,542  
PRC statutory reserves 3,095   20,931  
Accumulated other comprehensive income 18,812   49,323  
Total shareholders' equity 100,508   90,046  
Total liabilities and shareholders' equity ¥ 182,101   ¥ 179,076