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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities:      
(Loss)/profit before tax $ (9,857) $ 7,725 $ 1,106
Adjustments to reconcile profit before tax to net cash provided by operating activities:      
Depreciation 5,447 5,340 5,274
Impairment of property, plant and equipment 7 202 546
Amortization of intangible assets 47 62 50
Gain on disposal of property, plant and equipment (318) (239) (88)
Adjustment for (gain) on fair value of derivatives (259) (3) (146)
Dividend income (106) (108) (109)
Finance income (123) (320) (506)
Finance costs 1,251 744 1,012
Share of loss of associates 1 1 3
Impairment (reversal of impairment) for trade receivables 205 124 (122)
Impairment (reversal of impairment) for trade receivables for related parties 15 (11) 0
Impairment of other receivable 0 (80) 30
Impairment (Write-back of impairment) of inventories 14,136 (240) (322)
Unrealized foreign exchange difference, net 1,784 411 (503)
Noncash other operating income 0 (60) 0
(Gain) on lease modification (2) 0 0
Changes in operating assets and liabilities      
Trade and other receivable, net (25,739) (1,899) 16,031
Contract assets (1,387) (5,242) (3,160)
Inventories (53,857) (8,828) 3,166
Prepayment and other current assets (886) (1,928) 484
Amounts due to/from related parties 3,911 2,777 1,177
Other non-current assets (169) 42 (238)
Trade and other payables, accruals, other current liabilities and other non-current liabilities 28,896 19,917 (5,527)
Net cash flows (used in)/provided by operating activities (37,003) 18,387 18,158
Dividend received 106 108 109
Interest received 131 1,199 457
Interest paid (1,078) (613) (894)
Income tax paid (3,768) (2,706) (2,690)
Net cash (used in)/provided by operating activities (41,612) 16,375 15,140
Investing activities:      
Purchases of property, plant and equipment (8,547) (14,537) (5,442)
Purchases of intangible assets (4) (67) (20)
Purchases of investment properties 0 (1,762) 0
Purchases of long-term bank deposits (38) (610) (272)
Purchases of short-term bank deposits (1,364) (3,617) (835)
Proceeds from disposal of property, plant and equipment 399 297 171
Proceeds from maturities of short-term bank deposits 3,401 0 0
Net cash used in by investing activities (6,153) (20,296) (6,398)
Financing activities:      
Dividend paid to non-controlling shareholders of subsidiaries (2,817) (1,208) (2,763)
Repayments of borrowings (11,819) (5,037) (19,811)
Repayments of borrowings - related parties (6,000) (639) 0
Proceeds from borrowings 63,915 3,531 5,349
Proceeds from borrowings - related parties 0 6,000 0
Principal elements of lease payments (632) (586) (426)
Effect from the changes in shareholding percentage in subsidiary (235) 0 (298)
Net cash provided by (used in) financing activities 42,412 2,061 (17,949)
Effect of exchange rate (4,372) 424 2,102
Net (decrease) increase in cash and cash equivalents (9,725) (1,436) (7,105)
Cash and cash equivalents at beginning of year 52,237 53,673 60,778
Cash and cash equivalents at end of year $ 42,512 $ 52,237 $ 53,673