XML 148 R131.htm IDEA: XBRL DOCUMENT v3.21.1
CBAK Energy Technology, Inc. (Parent Company) (Details Textual) - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
CBAK Energy Technology, Inc. (Parent Company) (Textual)    
Appropriation from retained earnings $ 1,230,511 $ 1,230,511
Additional transfers $ 164,388,965 $ 56,269,489
Description of PRC subsidiaries The PRC subsidiaries are required to set aside at least 10% of their after tax net profits each year, if any, to fund the statutory general reserve until the balance of the reserves reaches 50% of their registered capital. The statutory general reserves are not distributable in the form of cash dividends to the Company and can be used to make up cumulative prior year losses, if any, and may be converted into share capital by the issue of new shares to shareholders in proportion to their existing shareholdings, or by increasing the par value of the shares currently held by them, provided that the reserve balance after such issue is not less than 25% of the registered capital. As of December 31, 2019 and 2020, additional transfers of $56,269,489 and $164,388,965 were required before the statutory general reserve reached 50% of the registered capital of the PRC subsidiaries.