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Investments in affiliates (Tables) | 12 Months Ended
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Dec. 31, 2022
Investments in affiliates |
Investments in affiliates |
|  | December 31, |
|  | 2022 |  |  | 2021 |
Zhejiang Tianlan Environmental Protection Technology Co. Ltd. |  |  |  |  |  |
Interest held |  |  | 19.4 | % |  |  | 19.4 | %
|  | US$’000 |  |  | US$’000 |
Long-term investment, at cost, less impairment |  |  | 5,540 |  |  |  | 5,540 |
Share of undistributed profits |  |  | 2,711 |  |  |  | 2,537 |
|  |  | 8,251 |  |  |  | 8,077 |
Summary of the financial information of the affiliates |
|  | December 31, |
|  | 2022 |  |  | 2021 |
Balance Sheet: |  | US$’000 |  |  | US$’000 |
Current assets |  |  | 54,228 |  |  |  | 42,510 |
Non-current assets |  |  | 13,167 |  |  |  | 15,172 |
Total assets |  |  | 67,395 |  |  |  | 57,682 |
Total liabilities |  |  | (38,582 | ) |  |  | (27,376 | )
Total shareholders’ equity |  |  | 28,813 |  |  |  | 30,306 |
|  | Year ended December 31, |
|  | 2022 |  |  | 2021 |
Operating results: |  | US$’000 |  |  | US$’000 |
Net sales |  |  | 59,983 |  |  |  | 51,280 |
Operating income |  |  | 1,175 |  |  |  | 1,997 |
Net income |  |  | 2,346 |  |  |  | 2,105 |

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- Definition A tabular presentation of the information summarizing investments in and advances to majority-owned subsidiaries, other controlled companies, and other affiliates, as prescribed by the SEC. It reflects specified information about ownership, financial results from, and financial position in such entities. Includes the tabular presentations that disaggregate investments in and advances to majority-owned subsidiaries, other controlled companies, and other affiliates. + References No definition available. + Details
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