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Concentration and Risks

12 Months Ended

Dec. 31, 2024

Concentration and Risks [Abstract]

Concentration and risks

13. Concentration and risks

The Company is not exposed to significant financial risks other than the concentration risk, which is analysed as follows:

Customers

Customers who accounted for 10% or more of the Company’s revenues or with significant outstanding receivables are analysed as follows:

		Revenue for years ended December 31,								Balance as of December 31,
		2024				2023				2024				2023
Customer A			—	%			8.15	%			—	%			24.07	%
Customer B			16.25				13.09				33.95				—
Customer C			—				10.09				—				—
Customer D			—				9.41				—				16.85
Customer E			—				9.14				—				18.24
Customer F			—				8.55				—				17.94
Customer G			—				8.23				—				16.90
Customer H			18.09				—				9.13				—
Customer I			6.11				—				10.02				—
Customer J			10.96				—				18.31				—
Customer K			8.08				—				13.86				—
			59.49	%			66.66	%			85.27	%			94.00	%

X

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 275
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/275/tableOfContent

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X

- References

No definition available.

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