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Investments in affiliates (Tables)

12 Months Ended

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.

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