XML 62 R39.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Subsequent Events | 12 Months Ended
--- | ---
Dec. 31, 2023
Subsequent Events [Abstract] |
Subsequent events | 32. Subsequent events The Company has evaluated subsequent events through the date of the issuance of the consolidated financial statements and the following subsequent event has been identified. On January 11, 2024, the Company utilized RMB15 million (approximately $2.1 million) banking facilities granted by Shaoxing Branch of Bank of Communications Co., Ltd at an interest rate of 3.45% for a period of one year to January 11, 2025. The Company borrowed RMB15 million (approximately $2.1 million) on the same date. On January 18, 2024, the Company further utilized RMB14.7 million (approximately $2.1 million) banking facilities granted by Shaoxing Branch of Bank of Communications Co., Ltd at an interest rate of 3.45% for a period of one year to January 18, 2025. The Company borrowed RMB14.7 million (approximately $2.1 million) on the same date. On January 29, 2024, the Company utilized another RMB20 million (approximately $2.8 million) banking facilities granted by Shaoxing Branch of Bank of Communications Co., Ltd at an interest rate of 3.45% for a period of one year to January 29, 2025. The Company fully repaid the loan on February 1, 2024. The Company borrowed RMB20 million (approximately $2.8 million) on the same date. On February 2, 2024, the Company utilized another RMB30 million (approximately $4.2 million) banking facilities granted by Shaoxing Branch of Bank of Communications Co., Ltd at an interest rate of 3.45% for a period of one year to February 2, 2025. The Company borrowed RMB30 million (approximately $4.2 million) on the same date. On January 24, 2024, the Company entered into a short-term credit-guaranteed loan agreement with Zhejiang Shangyu Rural Commercial Bank to January 17, 2025 with an amount of RMB5 million (approximately $0.7 million) bearing interest at 4.1% per annum. The Company borrowed RMB5 million (approximately $0.7 million) on the same date. On February 20, 2024, the Company entered into a six-month loan agreement with China Zheshang Bank Co., Ltd. Shengyang Branch to August 20, 2024 with an amount of RMB5 million (approximately $0.7 million) bearing interest at 3.1% per annum. The loan was secured by restricted cash and bills receivables of the Company. The Company borrowed RMB5 million (approximately $0.7 million) on the same date. On February 28, 2024, the Company entered into another six-month loan agreement with China Zheshang Bank Co., Ltd. Shengyang Branch to August 28, 2024 with an amount of RMB8 million (approximately $1.1 million) bearing interest at 3.1% per annum. The loan was secured by restricted cash and bills receivables of the Company. The Company borrowed RMB8 million (approximately $1.1 million) on the same date. On March 8, 2024, the Company entered into a short-term credit-guaranteed loan agreement with China Zheshang Bank Co., Ltd. Shangyu Branch to March 7, 2025 with an amount of RMB3 million (approximately $0.4 million) bearing interest at 4.05% per annum. The Company borrowed RMB3 million (approximately $0.4 million) on the same date. On March 13, 2024, the Company entered into another six-month loan agreement with China Zheshang Bank Co., Ltd. Shengyang Branch to September 13, 2024 with an amount of RMB2 million (approximately $0.3 million) bearing interest at 3.1% per annum. The loan was secured by restricted cash and bills receivables of the Company. The Company borrowed RMB2 million (approximately $0.3 million) on the same date.

X
- References No definition available. + Details
Name: | us-gaap_SubsequentEventsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483399/855-10-50-2 + Details
Name: | us-gaap_SubsequentEventsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration