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Related Parties (Tables) | 6 Months Ended
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Jun. 30, 2025
Related Party Transactions [Abstract] |
Schedule of Related Party Transactions | Loan activity for the six months ended June 30, 2025 and 2024 was as follows:
|  | Six Months Ended June 30, |
|  | 2025 |  |  | 2025 |  |  | 2024 |  |  | 2024 |
|  | USD |  |  | RMB |  |  | USD |  |  | RMB |
Balance at beginning of the period |  | $ | — |  |  |  | — |  |  | $ | 665 |  |  |  | 4,713 |
Borrowings |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Repayments |  |  | — |  |  |  | — |  |  |  | (664 | ) |  |  | (4,713 | )
Foreign exchange |  |  | — |  |  |  | — |  |  |  | (1 | ) |  |  | — |
Balance at end of the period |  | $ | — |  |  |  | — |  |  | $ | — |  |  |  | — |
Interest on borrowings accrues at the three-to-five-year loan interest rate set by the People’s Bank of China, which approximated 4.35% for the six months ended June 30, 2024. For the six months ended June 30, 2024, ATR paid $2 (RMB 17) of interest. No interest was outstanding as of June 30, 2025 or December 31, 2024. ATR has sales to and purchases from ATR’s minority shareholder and its affiliates and sales to a shareholder of one of the Corporation’s other joint ventures in China and its affiliates. These sales and purchases, which were in the ordinary course of business, for the three and six months ended June 30, 2025 and 2024 were as follows:
|  | Three Months Ended June 30, |
|  | 2025 |  |  | 2025 |  |  | 2024 |  |  | 2024 |
|  | USD |  |  | RMB |  |  | USD |  |  | RMB |
Purchases from related parties |  | $ | 1,936 |  |  |  | 13,981 |  |  | $ | 1,901 |  |  |  | 13,740 |
Sales to related parties |  | $ | 4,171 |  |  |  | 30,119 |  |  | $ | 3,935 |  |  |  | 28,505 |
|  | Six Months Ended June 30, |
|  | 2025 |  |  | 2025 |  |  | 2024 |  |  | 2024 |
|  | USD |  |  | RMB |  |  | USD |  |  | RMB |
Purchases from related parties |  | $ | 4,012 |  |  |  | 29,070 |  |  | $ | 3,138 |  |  |  | 22,588 |
Sales to related parties |  | $ | 9,210 |  |  |  | 66,740 |  |  | $ | 8,173 |  |  |  | 58,824 |
Balances outstanding with ATR’s minority shareholder including its affiliates and the other joint venture’s shareholder and its affiliates as of June 30, 2025 and December 31, 2024 were as follows:
|  | June 30, 2025 |  |  | June 30, 2025 |  |  | December 31, 2024 |  |  | December 31, 2024 |
|  | USD |  |  | RMB |  |  | USD |  |  | RMB |
Accounts receivable from related parties |  | $ | 1,850 |  |  |  | 13,262 |  |  | $ | 1,839 |  |  |  | 13,422 |
Accounts payable to related parties |  | $ | 622 |  |  |  | 4,457 |  |  | $ | 411 |  |  |  | 3,001 |

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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 + Details
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