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Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 43,015 $ 36,711
Trade receivables 681 936
Inventories 1,869 2,014
Prepayments and other current assets 1 10
Total current assets 45,566 39,671
Property, plant and equipment, net 25,691 27,375
Deposits paid for acquisition of property, plant and equipment 103
Right-of-use assets 164 186
Deferred tax assets 596 488
Total non-current assets 26,554 28,049
Total assets 72,120 67,720
Current liabilities:    
Bank overdraft 2,545
Short-term bank borrowings 141
Trade payables 28
Accruals and other payables 357 529
Lease liabilities, current portion 17 16
Income tax payable 13 125
Total current liabilities 1,837 4,478
Lease liabilities, non-current portion 179 200
Total non-current liabilities 179 200
Total liabilities 2,016 4,678
Shareholders’ equity    
Ordinary shares (US$0.0008 par value, 125,000,000 shares authorized, 20,000,000 shares issued and outstanding as of December 31, 2023 and US$0.0008 par value, 125,000,000 shares authorized, 22,012,500 shares issued and outstanding as of December 31, 2024) 18 16
Receivables from shareholders (3,210) (3,210)
Share premium 11,745 4,861
Retained profits 64,707 62,619
Accumulated other comprehensive loss (5,695) (3,783)
Other reserves 2,539 2,539
Total shareholders’ equity 70,104 63,042
Total liabilities and shareholders’ equity 72,120 67,720
Related Party    
Current liabilities:    
Amounts due to related parties $ 1,422 $ 1,122