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SUMMARY OF PRINCIPAL ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2023
SUMMARY OF PRINCIPAL ACCOUNTING POLICIES  
Schedule of property, plant and equipment, depreciation, estimated lives

Buildings and plant

    

30

years

Machinery and equipment

 

15

years

Furniture, fixtures and equipment

 

3-10

years

Motor vehicles

 

6

years

Schedule of disaggregation revenue

    

Year ended December 31,

2021

    

2022

    

2023

Domestic sales

$

1,678,793

$

4,608,350

$

2,279,756

Export sales

 

 

 

27,939

Total

 

1,678,793

 

4,608,350

 

2,307,695

Schedule of share-based compensation expenses

Year ended December 31, 

    

2021

    

2022

    

2023

Selling, general and administrative expenses

$

8,389

$

299,346

$

121,115

Cost of revenues

 

1,586

 

7,739

 

20,307

Research and development expenses

102

362

496

Property, plant and equipment, net

5,383

7,840

Inventories

2,143

Total

$

10,077

$

314,973

$

149,758