v3.25.2
INVENTORIES
6 Months Ended
Jun. 30, 2025
INVENTORIES  
INVENTORIES

4.

INVENTORIES

Inventories consisted of the following:

    

As of

As of

June 30, 2025

    

December 31, 2024

US$

US$

Products available for sale

 

139,765

 

179,905

Goods in transit

23,645

7,763

Raw materials

941

828

Work-in-progress

 

60

 

86

Total

 

164,411

 

188,582

Inventory write-downs recognized in cost of goods sold for the six months ended June 30, 2025 and 2024 were US$6,262 and US$4,711, respectively.

Inventories of nil and US$1,243 were pledged for other short-term financing arrangements (note 10) as of June 30, 2025 and December 31, 2024, respectively.