As of
June 30,
2021
(Unaudited)
|
As of
December 31,
2020
(Audited)
| |
US$'000
|
US$'000
| |
Assets
| ||
Current assets:
| ||
Cash and cash equivalents
|
5,422
|
3,519
|
Restricted cash
|
1,540
|
1,672
|
Accounts receivable, net
|
1,747
|
3,199
|
Prepayments and other current assets
|
843
|
1,514
|
Contract assets
|
956
|
202
|
Inventories
|
311
|
342
|
Total current assets
|
10,819
|
10,448
|
Property, plant and equipment, net
|
240
|
259
|
Investments in affiliates
|
7,927
|
8,084
|
Goodwill
|
1,071
|
1,071
|
Deferred tax assets
|
-
|
-
|
Operating lease right-of-use assets
|
330
|
233
|
Long-term investment
|
-
|
-
|
Restricted cash
|
-
|
-
|
Total non-current assets
|
9,568
|
9,647
|
Total assets
|
20,387
|
20,095
|
Liabilities and shareholders' equity
| ||
Current liabilities:
| ||
Bank borrowings
|
-
|
361
|
Accounts payable
|
1,725
|
2,394
|
Contract liabilities
|
1,593
|
1,063
|
Other payables and accrued expenses
|
2,537
|
1,593
|
Current portion of long-term operating lease obligations
|
171
|
118
|
Income tax payable
|
21
|
4
|
Total current liabilities
|
6,047
|
5,533
|
Deferred tax liabilities
|
4
|
5
|
Long-term operating lease obligations, net of current maturities
|
137
|
94
|
Total non-current liabilities
|
141
|
99
|
Total liabilities
|
6,188
|
5,632
|
Commitments and contingencies (Note 21)
| ||
Shareholders' equity:
| ||
Ordinary share,
20,000,000 shares authorized as of June 30, 2021 and December 31, 2020, respectively
5,154,759 no par value shares issued as of June 30, 2021 (December 31, 2020: 3,092,859)
|
123
|
123
|
Additional paid-in capital
|
9,642
|
9,615
|
Treasury stock, 167,700 shares at cost as of June 30, 2021 and December 31, 2020, respectively
|
(786)
|
(786)
|
PRC statutory reserves
|
316
|
316
|
Accumulated other comprehensive income
|
826
|
851
|
Retained earnings
|
3,275
|
3,816
|
Total shareholders' equity attributable to Euro Tech Holdings Company Limited
|
13,396
|
13,935
|
Non-controlling interests
|
803
|
528
|
Total shareholders' equity
|
14,199
|
14,463
|
Total liabilities and shareholders' equity
|
20,387
|
20,095
|
2021
(Unaudited)
|
2020
(Unaudited)
| |
US$'000
|
US$'000
| |
Revenues
| ||
Trading and manufacturing
|
4,291
|
3,927
|
Engineering
|
5,763
|
1,791
|
Total revenues
|
10,054
|
5,718
|
Cost of revenues
| ||
Trading and manufacturing
|
(3,031)
|
(2,819)
|
Engineering
|
(4,001)
|
(1,280)
|
Total cost of revenues
|
(7,032)
|
(4,099)
|
Gross profit
|
3,022
|
1,619
|
Finance costs
|
(1)
|
(4)
|
Selling and administrative expenses
|
(2,514)
|
(2,341)
|
Operating income / (loss)
|
507
|
(726)
|
Interest income
|
8
|
16
|
Other income, net
|
59
|
46
|
Gain on disposal of property, plant and equipment
|
-
|
1,429
|
Equity in income of affiliates
|
205
|
28
|
Net income before income taxes
|
779
|
793
|
Income taxes expense
|
(17)
|
(50)
|
Net income
|
762
|
743
|
Net (income) / loss attributable to non-controlling interests
|
(272)
|
126
|
Net income attributable to Euro Tech Holdings Company Limited's shareholders
|
490
|
869
|
Other comprehensive income
| ||
Net income
|
762
|
743
|
Foreign exchange translation Adjustments
|
(22)
|
(2)
|
Comprehensive income
|
740
|
741
|
Comprehensive (income) / loss attributable to non-controlling interests
|
(275)
|
136
|
Comprehensive income attributable to the Company
|
465
|
877
|
Net income per ordinary share attributable to Euro Tech Holdings Company Limited's shareholders
| ||
- Basic
|
$US0.11
|
$US0.28
|
- Diluted
|
$US0.11
|
$US0.28
|
Weighted average number of ordinary shares outstanding
| ||
- Basic
|
4,459,864
|
3,092,859
|
- Diluted
|
4,459,864
|
3,092,859
|
Dividend per share
|
$US0.20
|
$US0.42
|
Attachments
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Disclaimer
Euro Tech Holdings Company Limited published this content on 02 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 December 2021 13:40:06 UTC.