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6-K 1 clwt_6k.htm FORM 6-K clwt_6k.htm

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 ________________________

 

FORM 6-K

  ________________________

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of December 2025

 

Commission File Number: 000-22113

 

Euro Tech Holdings Company Limited

(Translation of Registrant’s name into English)

 

18/F Gee Chang Hong Centre, 65 Wong Chuk Hang Road, Hong Kong

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒         Form 40-F ☐

 






 

EXHIBITS

 

Exhibit 99.1 -

Press Release - Euro Tech Holdings Company Limited Reports Interim Results For The Six Months Ended June 30, 2025

 

 
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SIGNATURES

 

               Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

EURO TECH HOLDINGS COMPANY LIMITED

 

 

 

December 30, 2025

By:

/s/ Jerry Wong

 

 

 

Jerry Wong

 

 

Chief Financial Officer

 

 
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EX-99.1 2 clwt_ex991.htm PRESS RELEASE clwt_ex991.htm

EXHIBIT 99.1

 

Euro Tech Holdings Company Limited Reports Interim Results For The Six Months Ended June 30, 2025

 

Hong Kong – December 30, 2025 – Euro Tech Holdings Company Limited (Nasdaq: CLWT) today reported its unaudited financial results for the six months ended June 30, 2025.

 

The Company’s revenue for the six months ended June 30, 2025 (“1H 2025”) were US$5,888,000, a 18.9% decrease as compared to  US$7,259,000 for the six months ended June 30, 2024 (“1H 2024”). Revenue from trading activities decreased significantly, primarily due to lowered sales of U.S. products to China following U.S. tariffs and Chinese retaliatory measures.

 

Gross profit decreased by 5.2% to US$1,697,000 for 1H 2025 as compared to US$1,790,000 for 1H 2024. The decrease was due to the decrease in revenue. However the gross profit margin % for 1H 2025 increased by 4.2% to 28.8% as compared to 24.6% for 1H 2024.

 

General and administrative expenses decreased by US$102,000 to US$2,065,000 for 1H 2025 as compared to US$2,167,000 for 1H 2024.

 

The Company’s net loss for 1H 2025 was US$127,000 as compared to net income of US$44,000 for 1H 2024 resulting from decrease in revenue and equity in income of affiliate.

 

Mr. David Leung, CEO of the company commented,

 

“Despite the challenging business environment, we have seen a remarkable increase in sales orders, achieving double-digit growth in the first half of the year. This growth is primarily driven by heightened engineering activities in water and wastewater treatment (“WWT”), although the delivery timelines will be extended until the end of this year or early next year.

 

Recently, we have also secured additional purchase orders from international markets, including Mongolia, Norway, and Dubai, for both WWT and ballast water treatment systems (“BWTS”). 

 

In the coming days, we intend to diversify our sales channels and explore new product applications in high-growth regions and industries to further leverage this momentum.”

 

About BWTS

 

BWTS are an imminent requirement by The International Maritime Organization ("IMO") to prevent the biological unbalance caused by the estimated 12 billion tons of ballast water transported across the seas by ocean-going vessels when their ballast water tanks are emptied or refilled. In 2012, ballast water discharge standard became a law in the US. Any vessel constructed in December 2013 or later will need to comply when entering US waters, and existing vessels will follow shortly after. IMO’s Ballast Water Management Convention entered into force for new-built vessels on September 8, 2017 after ratification by 52 States, representing 35.1441% of world merchant shipping tonnage. In July 2017, IMO decided that the phase-in period for ballast water system retrofits started on 8 September 2019. 

 

The company obtained type approval certificate from China’s Classification Society for its 200, 300, 500, 750, 1200 and 1250 Cubic Meters per hour BWTS in 2016.

 

The IMO convention stipulates that type approval for revised G8 requirements must be obtained for all BWTS installed on or after October 28, 2020, and the company have been in compliance with such requirements.

 

The ballast water port solution system is a system installed in port to offer ballast water treatment services for ocean going ships without their own BWTS and for those with damaged BWTS.

 

 
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Certain statements in this news release regarding the Company’s expectations, estimates, present view of circumstances or events, and statements containing words such as estimates, anticipates, intends, or expects, or words of similar import, constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements indicate uncertainty and the Company can give no assurance with regard to actual outcomes. Specific risk factors may include, without limitation, having the Company’s offices and operations situated in Hong Kong and China, doing business in China, competing with Chinese manufactured products, competing with the Company’s own suppliers, dependence on vendors, and lack of long term written agreements with suppliers and customers, development of new products, entering new markets, possible downturns in business conditions, increased competition, loss of significant customers, availability of qualified personnel, negotiating definitive agreements, new marketing efforts and the timely development of resources. See the “Risk Factor” discussions in the Company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 20-F for its fiscal year ended December 31, 2024.

 

 
2

 

 

EURO TECH HOLDINGS COMPANY LIMITED

 

CONSOLIDATED BALANCE SHEETS

 

 

 

As of

June 30,

2025

(Unaudited)

 

 

As of

December 31,

2024

(Audited)

 

 

 

US$’000

 

 

US$’000

 

ASSETS

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

Cash and cash equivalents

 

 

4,493

 

 

 

5,805

 

Restricted cash

 

 

1,517

 

 

 

1,132

 

Accounts receivable, net

 

 

1,342

 

 

 

1,386

 

Prepayments and other current assets

 

 

437

 

 

 

271

 

Contract assets

 

 

80

 

 

 

135

 

Inventories

 

 

302

 

 

 

500

 

Total current assets

 

 

8,171

 

 

 

9,229

 

 

 

 

 

 

 

 

 

 

Property, plant and equipment, net

 

 

157

 

 

 

159

 

Investments in affiliates

 

 

9,774

 

 

 

9,947

 

Goodwill

 

 

1,071

 

 

 

1,071

 

Operating lease right-of-use assets, net

 

 

231

 

 

 

101

 

Deferred tax assets

 

 

80

 

 

 

62

 

Restricted cash

 

 

315

 

 

 

139

 

Total non-current assets

 

 

11,628

 

 

 

11,479

 

 

 

 

 

 

 

 

 

 

TOTAL ASSETS

 

 

19,799

 

 

 

20,708

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND SHAREHOLDERS’ EQUITY

 

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

 

 

Accounts payable

 

 

1,547

 

 

 

2,279

 

Contract liabilities

 

 

761

 

 

 

593

 

Other payables and accrued expenses

 

 

895

 

 

 

1,050

 

Current portion of long-term operating lease liabilities

 

 

127

 

 

 

83

 

Total current liabilities

 

 

3,330

 

 

 

4,005

 

 

 

 

 

 

 

 

 

 

Long-term operating lease liabilities, net of current portion

 

 

95

 

 

 

9

 

 

 

 

 

 

 

 

 

 

Total non-current liabilities

 

 

95

 

 

 

9

 

 

 

 

 

 

 

 

 

 

TOTAL LIABILITIES

 

 

3,425

 

 

 

4,014

 

 

 

 

 

 

 

 

 

 

 

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

SHAREHOLDERS’ EQUITY:

 

 

 

 

 

 

 

 

Ordinary share,

20,000,000 shares authorized and no par value; 7,899,832 and 7,899,832 shares issued as of June 30, 2025 and  December 31, 2024, respectively

 

 

123

 

 

 

123

 

Additional paid-in capital

 

 

9,774

 

 

 

9,774

 

Treasury stock, 330,306 and 183,533 shares at cost as of June 30, 2025 and December 31, 2024, respectively

 

 

(981 )

 

 

(807 )

PRC statutory reserves

 

 

345

 

 

 

345

 

Accumulated other comprehensive income

 

 

734

 

 

 

713

 

Retained earnings

 

 

5,468

 

 

 

5,595

 

 

 

 

 

 

 

 

 

 

Total shareholders’ equity attributable to Euro Tech Holdings Company Limited

 

 

15,463

 

 

 

15,743

 

Noncontrolling interests

 

 

911

 

 

 

951

 

 

 

 

 

 

 

 

 

 

Shareholders’ equity

 

 

16,374

 

 

 

16,694

 

 

 

 

 

 

 

 

 

 

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

 

 

19,799

 

 

 

20,708

 

 

 
3

 

 

EURO TECH HOLDINGS COMPANY LIMITED

 

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

FOR THE SIX MONTHS ENDED JUNE 30, 2025 AND 2024

 

 

 

2025

(Unaudited)

 

 

2024

(Unaudited)

 

 

 

US$’000

 

 

US$’000

 

 

 

 

 

 

 

 

Revenue, net:

 

 

 

 

 

 

Trading and manufacturing

 

 

3,424

 

 

 

5,138

 

Engineering

 

 

2,464

 

 

 

2,121

 

 

 

 

5,888

 

 

 

7,259

 

Cost of revenue:

 

 

 

 

 

 

 

 

Trading and manufacturing

 

 

(2,566 )

 

 

(3,997 )

Engineering

 

 

(1,625 )

 

 

(1,472 )

 

 

 

(4,191 )

 

 

(5,469 )

 

 

 

 

 

 

 

 

 

Gross profit

 

 

1,697

 

 

 

1,790

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

Finance costs

 

 

-

 

 

 

(1 )

General and administrative expenses

 

 

(2,065 )

 

 

(2,167 )

 

 

 

 

 

 

 

 

 

LOSS FROM OPERATION

 

 

(368 )

 

 

(378 )

Interest income

 

 

43

 

 

 

45

 

Other income, net

 

 

10

 

 

 

10

 

Equity in income of affiliates

 

 

148

 

 

 

232

 

 

 

 

 

 

 

 

 

 

LOSS BEFORE INCOME TAXES

 

 

(167 )

 

 

(91 )

 

 

 

 

 

 

 

 

 

Income tax credit / (expense)

 

 

3

 

 

 

(10 )

 

 

 

 

 

 

 

 

 

NET LOSS

 

 

(164 )

 

 

(101 )

 

 

 

 

 

 

 

 

 

Net loss attributable to noncontrolling interests

 

 

37

 

 

 

145

 

 

 

 

 

 

 

 

 

 

Net  (loss) / income attributable to Euro Tech Holdings Company Limited

 

 

(127 )

 

 

44

 

 

 

 

 

 

 

 

 

 

Other comprehensive (loss)

 

 

 

 

 

 

 

 

Net (loss)

 

 

(164 )

 

 

(101 )

Foreign currency adjustments

 

 

21

 

 

 

(9 )

 

 

 

 

 

 

 

 

 

COMPREHENSIVE LOSS

 

 

(143 )

 

 

(110 )

Comprehensive (income) / loss attributable to noncontrolling interests

 

 

(3 )

 

 

151

 

 

 

 

 

 

 

 

 

 

Comprehensive (loss) / income attributable to Euro Tech Holdings Company Limited

 

 

(146 )

 

 

41

 

 

 

 

 

 

 

 

 

 

Net (loss) / income per ordinary share attributable to Euro Tech Holdings Company Limited

 

 

 

 

 

 

 

 

- Basic

 

$

US(0.02

)

 

$

US0.01

 

- Diluted

 

$

US(0.02

)

 

$

US0.01

 

 

 

 

 

 

 

 

 

 

Weighted average number of ordinary shares outstanding

 

 

 

 

 

 

 

 

- Basic

 

 

7,660,243

 

 

 

7,717,695

 

- Diluted

 

 

7,660,243

 

 

 

7,717,695

 

 

 
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CONTACT:

Euro Tech Holdings Company Limited, Hong Kong

 

David Leung, CEO, or

 

Jerry Wong, CFO

 

Tel: 852-2814-0311

 

Fax: 852-2873-4887

 

Website: http://www.euro-tech.com

 

 
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