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ACCOUNTS RECEIVABLE, NET
 6 Months Ended
Jun. 30, 2025
Credit Loss [Abstract]  
ACCOUNTS RECEIVABLE, NET

3. ACCOUNTS RECEIVABLE, NET

 

Accounts receivable, net, consists of the following:

          
   December 31,   June 30, 
   2024   2025 
   US$’000   US$’000 
Accounts receivable   7,842    27,660 
Allowance for credit loss   (150)   (390)
Accounts receivable, net   7,692    27,270 

 

The movements in the allowance for credit loss for the year ended December 31, 2024 and the six-month period ended June 30, 2025 were as follows:

          
   December 31,   June 30, 
   2024   2025 
   US$’000   US$’000 
Balance at beginning of the year/period   500    150 
Addition   132    379 
Reversal   (482)   (139)
Balance at end of the year/period   150    390 

 

As of the end of each of the financial year/period, the aging analysis of accounts receivable, net of allowance for credit loss, based on the invoice date is as follows:

         
   December 31,   June 30, 
   2024   2025 
   US$’000   US$’000 
Within 30 days   4,693    12,022 
Between 31 and 60 days   1,672    4,491 
Between 61 and 90 days   690    1,752 
More than 90 days   637    9,005 
    7,692    27,270