Inventories

12 Months Ended

Dec. 31, 2023

Inventories

Note 7: Inventories

	December 31,
	2023		2022
	US$’000		US$’000
Raw materials		222		285
Work in progress		-		10
Finished goods		501		308
		723		603

Management continuously reviews obsolete and slow moving inventories and assesses the inventory valuation to determine if the write-down of inventories is deemed appropriate. For the years ended December 31, 2023, and 2022, write-down of inventories amounted to US$(1,000) and US$4,000, respectively, which were charged to cost of revenue in consolidated statements of operations and comprehensive income / (loss).

ZHEJIANG TIANLAN

Inventories

7. Inventories

	December 31,
	2023		2022
	RMB’000		RMB’000
Raw materials		54		1,961
Finished goods		4,415		2,438
		4,469		4,399