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Related Parties (Tables)
9 Months Ended
Sep. 30, 2025
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions Loan activity for the nine months ended September 30, 2025 and 2024 was as follows:

 

 

Nine Months Ended September 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 nine months ended September 30, 2024. For the nine months ended September 30, 2024, ATR paid $2 (RMB 17) of interest. No interest was outstanding as of September 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 nine months ended September 30, 2025 and 2024 were as follows:

 

 

Three Months Ended September 30,

 

 

 

2025

 

 

2025

 

 

2024

 

 

2024

 

 

 

USD

 

 

RMB

 

 

USD

 

 

RMB

 

Purchases from related parties

 

$

2,657

 

 

 

19,066

 

 

$

1,994

 

 

 

14,221

 

Sales to related parties

 

$

4,261

 

 

 

30,491

 

 

$

4,094

 

 

 

29,156

 

 

 

 

Nine Months Ended September 30,

 

 

 

2025

 

 

2025

 

 

2024

 

 

2024

 

 

 

USD

 

 

RMB

 

 

USD

 

 

RMB

 

Purchases from related parties

 

$

6,669

 

 

 

48,136

 

 

$

5,132

 

 

 

36,809

 

Sales to related parties

 

$

13,471

 

 

 

97,231

 

 

$

12,267

 

 

 

87,980

 

 

Balances outstanding with ATR’s minority shareholder including its affiliates and the other joint venture’s shareholder and its affiliates as of September 30, 2025 and December 31, 2024 were as follows:

 

 

September 30, 2025

 

 

September 30, 2025

 

 

December 31, 2024

 

 

December 31, 2024

 

 

 

USD

 

 

RMB

 

 

USD

 

 

RMB

 

Accounts receivable from related parties

 

$

2,166

 

 

 

15,424

 

 

$

1,839

 

 

 

13,422

 

Accounts payable to related parties

 

$

502

 

 

 

3,574

 

 

$

411

 

 

 

3,001