v3.25.4
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 6,717,787 $ 2,467,638
Accounts receivable, net 5,906,938 3,840,120
Inventories 5,497,426 5,300,458
Deferred offering costs, current 1,482,558
Prepayments and other current assets 96,086 159,570
TOTAL CURRENT ASSETS 18,230,893 13,251,374
NON-CURRENT ASSETS:    
Property, plant, and equipment, net 4,248,793 3,037,312
Land-use rights, net 2,175,012 2,130,164
Intangible assets, net 40,315 43,773
Finance lease assets 76,535
Deferred tax assets 5,804 5,169
TOTAL NON-CURRENT ASSETS 6,546,459 5,216,418
TOTAL ASSETS 24,777,352 18,467,792
CURRENT LIABILITIES:    
Accounts payable 3,286,866 3,132,613
Bank loans 4,618,839 4,630,581
Contract liabilities 8,674 1,712
Accrued expenses and other payables 347,598 190,645
Warranty liabilities 25,941 31,602
Income taxes payable 27,337
Current finance lease liabilities 57,326
TOTAL CURRENT LIABILITIES 8,627,115 8,201,258
NON-CURRENT LIABILITIES:    
Finance lease liabilities 15,368
TOTAL NON-CURRENT LIABILITIES 15,368
TOTAL LIABILITIES 8,642,483 8,201,258
COMMITMENTS AND CONTINGENCIES (NOTE 22)
SHAREHOLDERS’ EQUITY    
Additional paid-in capital 17,727,063 7,037,503
Statutory reserve 361,083 361,083
Retained earnings (2,244,434) 3,201,818
Accumulated other comprehensive loss 289,267 (335,120)
TOTAL SHAREHOLDERS’ EQUITY 16,134,869 10,266,534
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 24,777,352 18,467,792
Class A Ordinary Share    
SHAREHOLDERS’ EQUITY    
Ordinary shares value [1] 640
Class B Ordinary Share    
SHAREHOLDERS’ EQUITY    
Ordinary shares value [1] 1,250 1,250
Related Party    
CURRENT ASSETS:    
Amounts due from related parties 12,656 1,030
CURRENT LIABILITIES:    
Amounts due to related parties $ 281,871 $ 186,768
[1] The share amounts are presented on a retrospective basis.