v3.26.1
Discontinued Operations and Deconsolidation (Tables)
12 Months Ended
Dec. 31, 2025
Discontinued Operations and Deconsolidation [Abstract]  
Schedule of Balance Sheets and the Results of Operations of the Company Classified as Discontinued Operations

The following tables present the balance sheets and the results of operations of the Company classified as discontinued operations for the periods presented:

   As of
December 31,
2025
   As of
December 31,
2024
 
   US$   US$ 
ASSETS        
CURRENT ASSETS:        
Cash and cash equivalents  $
        -
   $28,145 
Accounts receivable, net   
-
    19,498,525 
Other receivables - related parties   
-
    1,204,797 
Other receivables, net   
-
    3,857,418 
Prepayments   
-
    8,650,189 
Inventories, net   
-
    1,427,716 
TOTAL CURRENT ASSETS   
-
    34,666,790 
           
Plant and equipment, net   
-
    8,904,131 
Right-of-use asset, net   
-
    13,826 
Deferred tax assets   
-
    187,392 
Land-use rights, net   
-
    2,068,275 
Intangible assets, net   
-
    11,849 
TOTAL NON-CURRENT ASSETS   
-
    11,185,473 
TOTAL ASSETS  $
-
   $45,852,263 
           
CURRENT LIABILITIES:          
Short-term bank loans  $
-
   $8,624,210 
Accounts payable   
-
    2,680,301 
Accrued liabilities and other payables   
-
    929,387 
Deposit received   
-
    29,275 
Taxes payable   
-
    842,332 
Other payables - related parties   
-
    101,380 
Lease liability   
-
    14,770 
TOTAL CURRENT LIABILITIES   
-
    13,221,655 
           
Long-term bank loan   
-
    2,920,942 
Long-term account payable   
-
    1,654,129 
TOTAL NON-CURRENT LIABILITIES   
-
    4,575,071 
TOTAL LIABILITIES   
-
    17,796,726 
           
SHAREHOLDERS’ EQUITY          
Additional paid-in capital   
-
    3,862,919 
Retained earnings   
-
    16,952,112 
Accumulated other comprehensive loss   
-
    (4,792,129)
TOTAL HUACHEN CAYMAN SHAREHOLDERS’ EQUITY   
-
    16,022,902 
Non-controlling interest   
-
    12,032,635 
TOTAL SHAREHOLDERS’ EQUITY   
-
    28,055,537 
           
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY  $
-
   $45,852,263 
   For the Years Ended
December 31,
 
   2025   2024   2023 
REVENUE            
Revenue  $8,319,958   $40,944,770    34,279,022 
                
Total revenue   8,319,958    40,944,770    34,279,022 
                
COST OF REVENUE AND RELATED TAX   5,606,134    35,226,302    28,072,748 
                
GROSS PROFIT   2,713,824    5,718,468    6,206,274 
                
OPERATING EXPENSES               
Selling and marketing expenses   489    172,677    159,303 
General and administrative expenses   1,278,226    2,830,090    2,991,355 
 Research and development expenses   43,860    378,793    457,523 
Total operating expenses   1,322,575    3,381,560    3,608,181 
                
INCOME FROM OPERATIONS   1,391,249    2,336,908    2,598,093 
                
OTHER INCOME (EXPENSE)               
                
Interest expense, net   (22,494)   (608,851)   (815,657)
Other income, net   56,376    183,866    234,884 
Total other income(expense), net   33,882    (424,985)   (580,773)
INCOME BEFORE INCOME TAX PROVISION   1,425,131    1,911,923    2,017,320 
                
INCOME TAXE EXPENSE   6    322,414    1,220 
                
INCOME FROM DISCONTINUED OPERATIONS   1,425,125    1,589,509    2,016,100 
                
Net income attributable to the noncontrolling interest   331,626    15,880    195,140 
                
Net income attributable to common shareholders   1,093,499    1,573,629    1,820,960 
OTHER COMPREHENSIVE INCOME               
Foreign currency translation loss   (4,792,129)   (395,067)   (1,770,360)
Other comprehensive loss, net of tax   (4,792,129)   (395,067)   (1,770,360)
TOTAL COMPREHENSIVE (LOSS) INCOME FROM DISCONTINUED OPERATIONS   (3,367,004)  $1,194,442    245,740