Leases (Tables)
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12 Months Ended |
Dec. 31, 2025 |
| Lessee Disclosure [Abstract] |
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| Schedule of Balance Sheet Information Related to Leases |
The balances for the leases where the Group is the lessee are presented as follows within the consolidated balance sheets:
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Operating lease |
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Land use rights, net |
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410,388 |
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940,928 |
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1,261,663 |
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3,730,921 |
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Total operating lease assets |
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Operating lease liabilities - current |
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324,496 |
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445,901 |
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Operating lease liabilities - non current |
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1,345,852 |
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4,246,599 |
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Total operating lease liabilities |
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| Finance lease |
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| Property, plant and equipment, at cost |
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1,001,820 |
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1,001,820 |
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| Accumulated depreciation |
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(125,228 |
) |
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(175,319 |
) |
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| Property, plant and equipment, net |
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876,592 |
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826,501 |
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| Finance lease liabilities - current |
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41,940 |
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55,581 |
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| Finance lease liabilities - non current |
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777,697 |
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740,576 |
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| Total finance lease liabilities |
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819,637 |
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796,157 |
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| Summary of Components of Operating Lease Expense |
The components of lease expense are as follows:
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| Operating lease expense: |
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| Operating lease expense |
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540,688 |
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426,998 |
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643,890 |
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| Short-term lease expense |
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231,467 |
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259,129 |
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149,229 |
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| Total operating lease expenses |
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| Finance lease expense: |
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| Amortization expense |
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50,091 |
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50,091 |
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50,091 |
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| Interest expense |
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40,205 |
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39,325 |
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38,321 |
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| Total finance lease expenses |
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90,296 |
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89,416 |
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| Total lease expenses |
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| Schedule of Other Information Related to Operating Leases |
Other information related to operating leases where the Group is the lessee is as follows:
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| Weighted-average remaining lease term |
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| Operating leases |
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4.6 years |
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4.3 years |
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8.7 years |
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| Finance leases |
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5.6 years |
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4.6 years |
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3.6 years |
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| Land use rights |
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49.0 years |
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48.0 years |
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26.1 years |
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| Weighted-average discount rate |
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| Operating leases |
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4.85 |
% |
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4.85 |
% |
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4.88 |
% |
| Finance leases |
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4.90 |
% |
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4.90 |
% |
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4.90 |
% |
| Land use rights |
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4.90 |
% |
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4.90 |
% |
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4.90 |
% |
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| Summary of Cash Flow Information Related to Leases |
Supplemental cash flow information related to leases where the Group is the lessee is as follows:
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Cash paid for amounts included in the measurement of lease liabilities: |
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Operating cash outflows from operating leases |
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268,290 |
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456,697 |
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757,331 |
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Operating cash outflows from finance leases (interest payments) |
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40,205 |
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— |
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— |
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Financing cash outflows from finance leases |
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113,943 |
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31,767 |
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61,801 |
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Leased assets obtained in exchange for operating lease liabilities |
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(316,558 |
) |
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186,698 |
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3,704,284 |
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| Summary of Maturities of The Group's Operating Lease Liabilities |
As of December 31, 2025, the maturities of the Group’s lease liabilities (excluding short-term leases) are as follows:
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Within 1 year |
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688,262 |
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31,767 |
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Between 1 and 2 years |
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579,773 |
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34,835 |
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Between 2 and 3 years |
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619,573 |
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31,767 |
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Between 3 and 4 years |
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984,346 |
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825,955 |
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Between 4 and 5 years |
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544,688 |
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— |
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Thereafter |
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2,888,795 |
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— |
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Total minimum lease payments |
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6,305,437 |
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924,324 |
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Less: Interest |
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(1,612,937 |
) |
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(128,167 |
) |
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Present value of lease obligations |
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4,692,500 |
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796,157 |
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Less: Current portion |
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(445,901 |
) |
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(55,581 |
) |
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Non - current portion of lease obligations |
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| Schedule Of Balance Sheet Information Of Lessor Related To Leases |
The balances for the factory lease where the Group is the lessor are presented as follows:
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Other current assets |
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Finance lease receivable, current portion, net |
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11,388 |
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11,687 |
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Finance lease receivables, non-current portion, net |
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204,435 |
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194,911 |
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Total finance lease receivables, net |
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| Schedule Of Net Investment In sale Type Leases Receivable |
The net investment in sales-type lease consisted of:
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Total minimum lease payments receivable |
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Less: Unearned income |
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(45,796 |
) |
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(40,322 |
) |
Unguaranteed residuals |
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29,998 |
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31,301 |
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Net investment in lease payments receivable |
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Current portion |
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11,388 |
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11,687 |
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Non-current portion |
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| Sales Type And Direct Financing Leases Lease Receivable Maturity |
Future minimum lease payments to be received for the sales-type leases are as follows:
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Within 1 year |
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27,602 |
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16,002 |
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Between 1 and 2 years |
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16,002 |
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16,002 |
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Between 2 and 3 years |
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16,002 |
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16,002 |
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Between 3 and 4 years |
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16,002 |
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16,002 |
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Between 4 and 5 years |
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16,002 |
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16,002 |
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Thereafter |
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140,011 |
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135,609 |
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Total minimum lease receivable |
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231,621 |
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215,619 |
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Less: Unearned income |
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(45,796 |
) |
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(40,322 |
) |
Unguaranteed residuals |
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29,998 |
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31,301 |
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Net investment in finance lease |
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