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SEGMENT INFORMATION
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
SEGMENT INFORMATION
25. SEGMENT INFORMATION
Operating segments are defined as components of an enterprise engaging in businesses activities for which separate financial information is available that is regularly evaluated by the Group’s chief operating decision makers (“CODM”) in deciding how to allocate resources and assess performance. The Group’s CODM has been identified as the Chief Executive Officer (“CEO”), who reviews consolidated results including revenue, gross profit and operating profit at a consolidated level only and does not distinguish between products for the purpose of making decisions about resources allocation and performance assessment. As such, the Group concluded that it has one operating segment and one reporting segment.
Long-lived assets, classified by major geographic regions are as follows:
December 31,December 31,
Geographic regions20212022
Amount% Amount%
PRC211,139 79 %233,202 67 %
Asia & Pacific211,139 79 %233,202 67 %
Germany21,966 %19,639 %
United Kingdom67 %66 %
Europe22,033 8 %19,705 6 %
United States33,893 13 %94,872 27 %
Total267,065 100 %347,779 100 %
Disaggregation of revenue
Revenues, classified by major geographic regions in which the Group’s customers are located are as follows:
Year ended
December 31,
Year ended
December 31,
Year ended
December 31,
Geographic regions202020212022
Amount%Amount%Amount%
PRC66,160 62 %93,326 61 %132,469 65 %
India8,570 %17,805 12 %47,323 23 %
Russia5,671 %12,213 %305 %
Other Asia & Pacific countries2,254 %8,172 %4,938 %
Asia & Pacific82,655 77 %131,516 86 %185,035 90 %
United Kingdom11,544 11 %11,386 %3,976 %
Italy5,965 %3,140 %6,389 %
Other European countries6,805 %5,016 %5,444 %
Europe24,314 23 %19,542 13 %15,809 8 %
United States549 0 %918 1 %3,651 2 %
Total107,518 100 %151,976 100 %204,495 100 %