| RELATED PARTY TRANSACTIONS |
17. RELATED
PARTY TRANSACTIONS
Related parties:
| Schedule
of Related parties |
|
| Name of related parties |
Relationship with the Company |
| PSM-ZJK |
An equity investee of the Zhongjinke Shenzhen |
| ZhongJinKe Fastener CO.,Ltd |
Controlled by Jieke Zhu |
| Shenzhen Qianhaishi Micro Science Co., Ltd |
Controlled by Kai Huang |
| Ning Ding |
Chief Executive Officer and a Director of the Company |
| Kai Huang |
A Director of the Company and Former Chief Financial Officer |
| Kai Ding |
A shareholder of the Company |
| Dongxin Zhou |
A shareholder of the Company |
| Jieke Zhu |
A shareholder of the Company |
| Minghui Zhu |
Father of Jieke Zhu |
| Huiming Liu |
A shareholder of the Company |
| Chaoyong Xu |
A shareholder of the Company |
| Qianrui Ding |
Daughter of Ning Ding |
| Baozhen Zhu |
Wife of Ning Ding |
| Meigui Zeng |
Wife of Huiming Liu |
| DNR TECHNOLOGY CO., LTD. |
A shareholder of the Company |
| NEWMICRO HOLDING LIMITED |
A shareholder of the Company |
| JINSHAN INTERNATIONAL INVESTMENT CO.,LTD. |
A shareholder of the Company |
| KKD HOLDING LIMITED. |
A shareholder of the Company |
| VIMISCI HOLDING LIMITED |
A shareholder of the Company |
i) Related party balances
Accounts receivable-due from a related party:
| Schedule of Accounts receivable-due from a related party |
|
|
|
|
| |
|
As of |
| |
|
December 31, 2025 |
|
June 30, 2026 |
| Name of related party |
|
$US |
|
$US |
| |
|
|
|
(Unaudited) |
| PSM ZJK |
|
|
11,227,799 |
|
|
|
8,498,381 |
|
| Total |
|
|
11,227,799 |
|
|
|
8,498,381 |
|
Other receivables-due from related parties:
| Schedule of Other receivables-due from related parties | |
| |
| | | |
| | |
| | |
| |
As of |
| | |
| |
December 31, 2025 | |
June 30, 2026 |
| | |
| |
$US | |
$US |
| | |
| |
| |
(Unaudited) |
| Name of related parties | |
Nature | |
| |
|
| Baozhen Zhu | |
Loan to related parties | |
| 5,152 | | |
| — | |
| Meigui Zeng | |
Loan to related parties | |
| 5,152 | | |
| — | |
| Dongxin Zhou | |
Loan to related parties | |
| 2,145 | | |
| — | |
| Ning Ding | |
Expenses paid on behalf of related parties | |
| 489,645 | | |
| — | |
| Chaoyong Xu | |
Expenses paid on behalf of related parties | |
| 37,992 | | |
| — | |
| Huiming Liu | |
Expenses paid on behalf of related parties | |
| 37,992 | | |
| — | |
| Jieke Zhu | |
Expenses paid on behalf of related parties | |
| 5,717 | | |
| — | |
| Dongxin Zhou | |
Expenses paid on behalf of related parties | |
| 5,584 | | |
| — | |
| Kai Ding | |
Expenses paid on behalf of related parties | |
| 5,198 | | |
| — | |
| DNR TECHNOLOGY CO., LTD. | |
Expenses paid on behalf of related parties | |
| 2,628 | | |
| 2,628 | |
| NEWMICRO HOLDING LIMITED | |
Expenses paid on behalf of related parties | |
| 150 | | |
| — | |
| JINSHAN INTERNATIONAL INVESTMENT CO.,LTD. | |
Expenses paid on behalf of related parties | |
| 150 | | |
| — | |
| KKD HOLDING LIMITED. | |
Expenses paid on behalf of related parties | |
| 915 | | |
| — | |
| VIMISCI HOLDING LIMITED | |
Expenses paid on behalf of related parties | |
| 47 | | |
| 47 | |
| PSM-ZJK | |
Expenses paid on behalf of related parties | |
| — | | |
| 1,038 | |
| Total | |
| |
| 598,467 | | |
| 3,713 | |
Other payables-due to related parties:
| Schedule of Other receivables-due from related parties |
|
| |
| | | |
| | |
| |
|
| |
As of |
| |
|
| |
December 31, 2025 | |
June 30, 2026 |
| |
|
| |
$US | |
$US |
| |
|
| |
| |
(Unaudited) |
| Name of related parties |
|
Nature | |
| |
|
| Ning Ding |
|
Sales Compensation | |
| 1,665,314 | | |
| 2,294,040 | |
| Kai Ding |
|
Sales Compensation | |
| 306,666 | | |
| — | |
| Kai Huang |
|
Loan from related parties | |
| 142,998 | | |
| 147,382 | |
| Ning Ding |
|
Loan from related parties | |
| 108,691 | | |
| 119,988 | |
| Ning Ding |
|
Expenses paid on behalf of the Company | |
| 95,055 | | |
| 95,044 | |
| Qianrui Ding |
|
Expenses paid on behalf of the Company | |
| 3,500 | | |
| 3,500 | |
| Total |
|
| |
| 2,322,224 | | |
| 2,659,954 | |
ii) Related party transactions:
The Company mainly entered into the following transactions
with related parties:
| Schedule of related parties |
|
|
|
|
|
|
|
|
| |
|
For the six months ended June 30, |
| |
|
2025 |
|
2026 |
| |
|
$US |
|
$US |
| |
|
(Unaudited) |
| Related party sales |
|
|
|
|
|
|
|
|
| PSM ZJK |
|
|
9,549,460 |
|
|
|
9,355,383 |
|
| |
|
|
|
|
|
|
|
|
| Sales Compensation |
|
|
|
|
|
|
|
|
| Ning Ding |
|
|
410,292 |
|
|
|
628,728 |
|
| |
|
|
|
|
|
|
|
|
| Loan to related parties |
|
|
|
|
|
|
|
|
| Ning Ding |
|
|
(239,336 |
) |
|
|
— |
|
| Kai Ding |
|
|
(69,101 |
) |
|
|
— |
|
| Dongxin Zhou |
|
|
(2,073 |
) |
|
|
— |
|
| |
|
|
|
|
|
|
|
|
| Collection of loans to related parties |
|
|
|
|
|
|
|
|
| Ning Ding |
|
|
41,461 |
|
|
|
— |
|
| Kai Ding |
|
|
69,101 |
|
|
|
— |
|
| Kai Huang |
|
|
68,474 |
|
|
|
— |
|
| Baozhen Zhu |
|
|
— |
|
|
|
5,152 |
|
| Meigui Zeng |
|
|
— |
|
|
|
5,152 |
|
| Dongxin Zhou |
|
|
— |
|
|
|
2,145 |
|
| |
|
|
|
|
|
|
|
|
| Rental income |
|
|
|
|
|
|
|
|
| PSM-ZJK |
|
|
39,696 |
|
|
|
40,622 |
|
|