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Segment Information (Tables)
12 Months Ended
Dec. 31, 2024
Segment Information [Abstract]  
Schedule of Operating Decision Maker Evaluates Performance based on Each Reporting Segment Net revenue, cost of revenues, operating expenses, operating income, finance income (expense), other income (expenses) and net income (loss) by segment for the years ended December 31, 2023 and 2024 were as follows:
For the year ended December 31, 2023  CBAT   Hitrans   Corporate
unallocated
(note)
   Consolidated 
Net revenues  $132,993,518   $71,444,847   $-   $204,438,365 
Cost of revenues   (101,413,350)   (71,300,692)   -    (172,714,042)
Gross profit   31,580,168    144,155    -    31,724,323 
Total operating expenses   (20,861,844)   (17,159,677)   (954,614)   (38,976,135)
Operating income (loss)   10,718,324    (17,015,522)   (954,614)   (7,251,812)
Finance income (expenses), net   337,243    95,816    (159)   432,900 
Other income (expenses), net   2,906,648    (2,276,918)   136,000    765,730 
Income tax expenses   -    (2,486,145)   -    (2,486,145)
Net income (loss)   13,962,215    (21,682,769)   (818,773)   (8,539,327)

  

For the year ended December 31, 2024  CBAT   Hitrans   Corporate
unallocated
(note)
   Consolidated 
Net revenues  $136,588,803   $40,025,806   $-   $176,614,609 
Cost of revenues   (93,535,812)   (41,303,552)   -    (134,839,364)
Gross profit (loss)   43,052,991    (1,277,746)   -    41,775,245 
Total operating expenses   (22,848,626)   (8,539,324)   (1,599,146)   (32,987,096)
Operating income (loss)   20,204,365    (9,817,070)   (1,599,146)   8,788,149 
Finance income (expenses), net   1,275,246    7,954    (110)   1,283,090 
Other income (expenses), net   (490,229)   1,562,753    -    1,072,524 
Income tax expenses   (1,558,613)   -    -    (1,558,613)
Net income (loss)   19,430,769    (8,246,363)   (1,599,256)   9,585,150 
                     
As of December 31, 2024                    
Identifiable long-lived assets   98,429,723    44,280,749    -    142,710,472 
Total assets   211,880,435    90,295,480    42,229    302,218,144 
Schedule of Revenue from Products Revenue from these products is as follows:
   Year ended
December 31,
2023
   Year ended
December 31,
2024
 
High power lithium batteries used in:          
Electric vehicles  $2,883,385   $1,681,651 
Light electric vehicles   5,607,435    10,319,176 
Residential energy supply & uninterruptable supplies   124,502,698    124,587,976 
    132,993,518    136,588,803 
           
Materials used in manufacturing of lithium batteries          
Cathode   39,845,626    34,228,998 
Precursor   31,599,221    5,796,808 
    71,444,847    40,025,806 
Total consolidated revenue  $204,438,365   $176,614,609 
Schedule of Company’s Sales by Geographical Markets based on Locations of Customers The following table provides an analysis of the Company’s sales by geographical markets based on locations of customers:
   Year ended
December 31,
2023
   Year ended
December 31,
2024
 
Mainland China  $119,307,085   $98,925,752 
Europe   78,575,290    65,746,989 
Others   6,555,990    11,941,868 
Total  $204,438,365   $176,614,609