v3.26.3
Related Party Balance And Transactions (Tables)
6 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
Schedule of Major Transactions with Related Parties Major transactions with related parties

 

 

 

 

For the Six Months Ended June 30,

 

 

 

 

2025

 

 

2026

 

 

 

 

US$

 

 

US$

 

Interest income from Beijing Puyan

 

(i)

 

 

768

 

 

-

 

Purchase of materials from Shenzhen Zhichong

 

(ii)

 

 

33,363

 

 

 

526

 

Sell products to Shenzhen Zhichong

 

(ii)

 

 

11,693

 

 

-

 

Sell products to Zhichong New Energy

 

(iii)

 

 

897,497

 

 

 

226

 

Schedule of Balance of Amounts Due from Related Parties Balance of amounts due from related parties:

 

 

 

 

As of December 31,

 

 

As of June 30,

 

 

 

 

2025

 

 

2026

 

 

 

 

US$

 

 

US$

 

Beijing Puyan

 

(i)

 

 

273,066

 

 

 

282,874

 

Shenzhen Zhichong

 

(ii)

 

 

11,951

 

 

 

43,184

 

Zhichong New Energy

 

(iii)

 

 

2,737,608

 

 

 

2,317,482

 

Amounts due from related parties, gross

 

 

 

 

3,022,625

 

 

 

2,643,540

 

Allowance for expected credit losses

 

 

 

 

(504,792

)

 

 

(909,207

)

Total

 

 

 

 

2,517,833

 

 

 

1,734,333

 

The movements of the allowance for doubtful accounts were as follows:

 

As of December 31,

 

 

As of June 30,

 

 

2025

 

 

2026

 

 

US$

 

 

US$

 

Balance at the beginning of the year/period

 

-

 

 

 

(504,792

)

Provision for expected credit losses

 

 

(496,730

)

 

 

(381,936

)

Foreign currency translation

 

 

(8,062

)

 

 

(22,479

)

Balance at the end of the year/period

 

 

(504,792

)

 

 

(909,207

)

Schedule of Balance of Amounts Due to a Related Party Balance of amounts due to a related party

 

 

 

 

As of December 31,

 

 

As of June 30,

 

 

 

 

2025

 

 

2026

 

 

 

 

US$

 

 

US$

 

Shenzhen Zhichong

 

(ii)

 

 

164,046

 

 

 

159,996

 

Total

 

 

 

 

164,046

 

 

 

159,996