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