XML 91 R43.htm IDEA: XBRL DOCUMENT v3.26.1
Segment Information
 12 Months Ended
Dec. 31, 2025
Notes and other explanatory information [abstract]  
Segment Information

36. Segment Information

 

a) General information

 

After April 1, 2023, the Group disposed of two PRC subsidiaries, YMA DG and Forwell. As a result, the Group operates as a single reporting segment, primarily engaged in bicycle, racket, and other businesses.

 

b) Information about segment profit or loss

 

At December 31, 2025, the information on segment profit or loss, assets, and liabilities is consistent with the information in the consolidated financial statements; please refer to the consolidated balance sheets and consolidated statements of comprehensive (loss) income.

 

Revenue of the group in bicycle, racket, crank, service provision and other businesses as follows:

 

Schedule of segment information

  

Bicycle

frame

   Racket   Crank  

Service

provision

   Others   Total 
Year ended
December 31, 2025		                        
Revenue                              
External customers  $4,678,501   $184,663   $1,515,032   $3,160,000   $388,323   $9,926,519 
                               
Year ended
December 31, 2024		                              
Revenue                              
External customers  $14,400,846   $1,684,837   $686,657   $-   $791,645   $17,563,985 
                               
Year ended
December 31, 2023		                              
Revenue                              
External customers  $15,219,005   $7,042,493   $-   $-   $1,516,454   $23,777,952 

 

c) Information by products

 

Revenue of the group in bicycle, racket, crank, service provision and other businesses as of December 31, 2025, 2024 and 2023 is as follows:

 

  

Bicycle

frame

   Racket   Crank   Service provision   Others   Total 

Year ended

December 31, 2025

                        
Revenue  $4,678,501   $184,663   $1,515,032   $3,160,000   $388,323   $9,926,519 

 

  

Bicycle

frame

   Racket   Crank   Service provision   Others   Total 

Year ended

December 31, 2024

                              
Revenue  $14,400,846   $1,684,837   $686,657   $-   $791,645   $17,563,985 

 

  

Bicycle

frame

   Racket   Crank   Service provision   Others   Total 

Year ended

December 31, 2023

                              
Revenue  $15,219,005   $7,042,493   $-   $-   $1,516,454   $23,777,952 

 

 

d) Geographical information

 

The Group’s revenue from external customers by location of operations and information about its non-current assets by location of assets are as follows:

 

Schedule of geographic revenue

  

Year ended

December 31, 2025

  

As of

December 31, 2025

  

Year ended

December 31, 2024

  

As of

December 31, 2024

 
   Revenue  

Non-current

assets

   Revenue  

Non-current

assets

 
Taiwan  $106,990   $914,736   $87,641   $813,261 
China   181,233    -    -    - 
Others   9,638,296    342,892    17,476,344    332,966 
   $9,926,519   $1,257,628   $17,563,985   $1,146,227 

 

Non-current assets do not include non-current financial assets at fair value through other comprehensive (loss) income, non-current financial assets at amortized cost, and deferred tax assets, net.

 

e) Major customer information

 

Major customers representing at least 10% of net revenue of the Group for the years ended December 31, 2025, 2024 and 2023 are as follows:

 Schedule of major customer information

  

Year ended

December 31, 2025

 

Year ended

December 31, 2024

 

Year ended

December 31, 2023

   Revenue   Segment  Revenue   Segment  Revenue   Segment
A  $3,298,300   Bicycle frame  $10,171,716   Bicycle frame  $9,654,223   Bicycle frame
B     3,324,470     Service, Bicycle frame and Racket     (ii)     N/A     (ii)     N/A
C   (i)   Racket   (i)   Racket   3,481,345   Racket
D   (i)   Bicycle frame   (i)   Bicycle frame   2,401,287   Bicycle frame
   $6,622,770      $10,171,716      $15,536,855    

 

(i)Less than 10% of total revenue of the Group.
   
(ii)  No such customer in financial years 2024 and 2023.