v3.25.2
Long-Term Bank Loans (Tables)
6 Months Ended
Jun. 30, 2025
Long-Term Bank Loans [Abstract]  
Schedule of Long Term Bank Loans
      As of 
      June 30,   December 31, 
   Note  2025   2024 
            
Loan from Jiaxing Bank (Effective interest rate at 6.2%, due on December 31, 2026)(1)  (1)   2,809,342    2,757,114 
Car loan (Due on October 31, 2025)  (2)   
-
    163,828 
Total      2,809,342    2,920,942 

 

(1) On October 20, 2021, the Company signed a loan agreement with Jiaxing Bank to obtain a five-year loan of RMB 35 million (approximately $5.49 million). The loan bears an interest rate at 6.2%. Bin Lu, Liping Zhu, and Shanghai TD Manufacturing are the guarantors. The enterprise used the construction in progress and the right to the use of the land as collateral, valued at RMB 81,635,100((approximately $11,183,963).

 

(2) On October 28, 2022, the company purchased a car and signed a 3-year car loan contract. The number of loan tenors is 36 installments, and each installment repayment is RMB 39,798 (approximately $5,914). Bin Lu is the guarantor. As the maturity date was less than one year as of June 30, 2025, it has been reclassified as short-term bank loans.