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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 649,106 $ 559,462
Current financial assets at amortized cost 574,391 361,249
Accounts receivable, net 1,277,928 2,291,640
Accounts receivable due from related parties, net 5,029,583
Other receivables 1,952,834 1,696,897
Other receivables from related parties, net 526,882
Inventories, net 555,680 187,602
Prepayments 519,817 253,768
Deferred IPO Cost 1,623,627 1,143,376
Current assets 12,709,848 6,493,994
Non-current assets    
Non-current financial assets at fair value through other comprehensive income 1,789,804 1,791,262
Long-term receivables 1,631,438
Long-term receivables from related parties 8,300,723 9,028,904
Property, plant, and equipment, net 451,742 550,594
Right-of-use assets, net 164,140 105,079
Intangible assets, net 2,572 11,766
Deferred tax assets, net 433,800 439,361
Guarantee deposits 133,390 625,330
Other non-current assets 390,363 411,178
Non-current assets 11,666,534 14,594,912
Total assets 24,376,382 21,088,906
Current liabilities    
Short-term loans 8,999,751 6,964,927
Current contract liabilities 107,786 276,210
Accounts payable 209,567 193,767
Other payables 802,840 522,786
Current tax liabilities 16,415
Current lease liabilities 163,775 105,745
Long-term loans due within one year 42,478 59,659
Other current liabilities 28,235 172,618
Current liabilities 10,370,847 8,295,712
Non-current liabilities    
Long-term loans 995,290 920,541
Deferred tax liabilities 10,982 20,405
Non-current liabilities 1,006,272 940,946
Total liabilities 11,377,119 9,236,658
Equity attributable to owners of parent    
Share capital 7,881,444 7,881,444
Capital surplus 7,847,746 7,716,034
Accumulated deficit (3,237,380) (4,341,593)
Accumulated other comprehensive income 507,453 596,363
Total equity 12,999,263 11,852,248
Total liabilities and equity $ 24,376,382 $ 21,088,906