v3.26.1
Short-Term Loan Receivable
3 Months Ended
Mar. 31, 2026
Short-Term Loan Receivable [Abstract]  
SHORT-TERM LOAN RECEIVABLE

3. SHORT-TERM LOAN RECEIVABLE

 

As of December 31, 2024, the Company had $55,945,372 (RMB405.8 million) short term loan to Xi’an Yingtai Energy Conservation Technology Co., Ltd (“Xi’an Yingtai”), an unrelated party of the Company. The short-term loan was for fifteen days with a capital utilization fee of $10,960 (RMB80,000) per day for total of $65,759. To ensure the safety of the funds, before money was transferred to Xi’an Yingtai, Xi’an Yingtai handed over the official seal, financial seal and bank account UK to the Company for custody and management until repayment of the loan. The company collected all the repayments before January 10, 2025, including RMB200 million on January 9, 2025 and RMB205.8 million and total interest income RMB1.2 million on January 10, 2025.

 

As of December 31, 2025, the Company had $85,083,868 (RMB 595 million) short term loan to Xi’an TaiYing Energy Saving Technology Co., Ltd (“Xi’an TaiYing”), an unrelated party of the Company. The contract has a term of ten days, with daily interest of RMB 100,000. In 2025, the Company recognized seven-day capital utilization fee of $14,300 (RMB 100,000) per day for total of $100,100. To ensure the safety of the funds, before money was transferred to Xi’an Yingtai, Xi’an Yingtai handed over the official seal, financial seal and bank account UK to the Company for custody and management until repayment of the loan. In the first quarter of 2026, the Company has collected back full amount in short term loan receivable.

 

As of December 31, 2025, the Company had $71,499,049 (RMB 500 million) short term loan to Xi’an Fenghui Company Management Co., Ltd (“Xi’an Fenghui”), an unrelated party of the Company. The contract has a term of ten days, with daily interest of RMB 80,000. In 2025, the Company recognized six-day capital utilization fee of $11,440 (RMB 80,000) per day for total of $68,640. To ensure the safety of the funds, before money was transferred to Xi’an Yingtai, Xi’an Fenghui handed over the official seal, financial seal and bank account UK to the Company for custody and management until repayment of the loan. As of the date of this report, the Company has collected back RMB1,095 million in short term loan receivable.