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CONSOLIDATED BALANCE SHEETS
¥ in Thousands, $ in Thousands
Dec. 31, 2017
USD ($)
Dec. 31, 2017
CNY (¥)
Dec. 31, 2016
USD ($)
Dec. 31, 2016
CNY (¥)
Assets        
Cash and cash equivalents | $ $ 3,380   $ 3,751  
Restricted cash | $ 1,072   284  
Accounts receivable, net | $ 3,808   4,393  
Prepayments and other current assets | $ 860   815  
Inventories, net | $ 496   344  
Total current assets | $ 9,616   9,587  
Property, plant and equipment, net | $ 734   771  
Interests in affiliates | $ 12,158   11,489  
Goodwill | $ 1,071   1,071  
Deferred tax assets | $ 158   186  
Total non-current assets | $ 14,121   13,517  
Total assets | $ 23,737   23,104  
Liabilities and shareholders' equity        
Accounts payable | $ 3,680   3,173  
Bank borrowings | $ 97   720  
Other payables and accrued expenses | $ 2,721   2,258  
Taxes payable | $ 132   335  
Total current liabilities | $ 6,630   6,486  
Total liabilities | $ 6,630   6,486  
Commitments and contingencies | $    
Shareholders' equity:        
Ordinary share, 20,000,000 (2016: 20,000,000) shares authorized; 2,229,609 (2016: 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, 2017 and 2016, respectively | $ (786)   (786)  
PRC statutory reserves | $ 352   352  
Accumulated other comprehensive income | $ 918   857  
Retained earnings | $ 5,811   5,338  
Equity attributable to shareholders | $ 15,969   15,435  
Non-controlling interest | $ 1,138   1,183  
Total shareholders' equity | $ 17,107   16,618  
Total liabilities and shareholders' equity | $ 23,737   23,104  
ZHEJIANG TIANLAN        
Assets        
Cash and cash equivalents   ¥ 25,785   ¥ 33,545
Accounts receivable, net   180,518   165,100
Prepayments and other current assets   149,637   111,057
Other tax receivables   0   215
Inventories, net   15,117   13,105
Total current assets   371,057   323,022
Property, plant and equipment, net   140,479   149,840
Intangible asset, net   1,223   1,375
Land use right, net   5,598   5,747
Deferred tax assets   6,269   5,864
Other non-current asset   17,512   17,512
Long term investment   1,991   0
Total non-current assets | $ 173,072   180,338  
Total assets   544,129   503,360
Liabilities and shareholders' equity        
Bank borrowings   33,000   25,000
Accounts payable   127,429   117,939
Other payables and accrued expenses   72,450   51,183
Other taxes payable   11,086   7,490
Borrowings - current portion | $ 29,438   25,076  
Income tax payable   4,782   3,262
Total current liabilities   278,185   229,950
Long term borrowings   54,630   86,615
Total liabilities   332,815   316,565
Commitments and contingencies    
Shareholders' equity:        
Share capital   82,572   81,372
Capital reserve   32,480   26,480
PRC statutory reserves   14,122   11,636
Retained earnings   79,646   65,394
Equity attributable to shareholders   208,820   184,882
Non-controlling interest   2,494   1,913
Total shareholders' equity   211,314   186,795
Total liabilities and shareholders' equity   544,129   503,360
ZHEJIANG JIAHUAN        
Assets        
Cash and cash equivalents   7,135   6,595
Restricted cash   1,495   1,498
Accounts receivable, net   91,853   91,037
Notes receivables   9,476   11,064
Other receivables   14,290   15,442
Inventories, net   15,057   28,005
Tax recoverable   54   0
Total current assets   139,360   153,641
Property, plant and equipment, net   19,962   21,861
Intangible asset, net   3,645   242
Land use right, net   6,125   6,288
Long term investment   69   69
Total non-current assets | $ $ 29,801   $ 28,460  
Total assets   169,161   182,101
Liabilities and shareholders' equity        
Short term bank loans   27,500   28,200
Note payable   0   4,750
Accounts payable   22,997   27,595
Other payables and accrued expenses   7,916   13,911
Income tax payable   2,694   1,466
Total current liabilities   61,107   75,922
Other long term liabilities   5,495   5,671
Shareholders' equity:        
Share capital   80,000   80,000
Capital reserve   (1,399)   (1,399)
PRC statutory reserves   3,095   3,095
Retained earnings   20,863   18,812
Total shareholders' equity   102,559   100,508
Total liabilities and shareholders' equity   ¥ 169,161   ¥ 182,101