v3.25.2
Concentration of Credit Risk (Tables)
 12 Months Ended
Dec. 31, 2024
Concentration of Credit Risk [Abstract]  
Schedule of Customers Concentration Risk

The following table sets forth a summary of single customers who represent 10% or more of the Group’s total accounts receivable:

 

   As of December 31, 
   2022   2023   2024 
Percentage of the Group’s accounts receivables            
Customer A   51%   *    * 
Customer B   25%   *    * 
Customer C   *    20%   *  
Customer D   *    10%   20%

 

*Represented the percentage below 10%

 

The following table sets forth a summary of single customers who represent 10% or more of the Group’s total revenue.

 

    As of December 31,  
    2022     2023     2024  
Percentage of the Group’s total revenue                  
Customer A     32 %     *       *  
Customer E     28 %      *       *  
Customer B     25 %      *       *  
Customer D     *       *       10 %

 

*Represented the percentage below 10%

 

The following table sets forth a summary of single suppliers who represent 10% or more of the Group’s total purchases:

 

   As of December 31, 
   2022   2023   2024 
Percentage of the Group’s total purchase            
Supplier A   33%   *    * 
Supplier B   29%   *    * 
Supplier C   18%   *    * 
Supplier D   *    *    17%
Supplier E   *    *    12%
Supplier F   *    *    11%

 

* Represented the percentage below 10%

 

  

 

As of December 31,

 
   2022   2023   2024 
Percentage of the Group’s accounts payable            
Supplier D    *    17%   27%
Supplier A   64%   14%   * 
Supplier E    *    12%   21%
Supplier F    *    *    13%
Supplier G    *    *    11%

 

* Represented the percentage below 10%