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Bank Borrowings (Tables)
 12 Months Ended
Dec. 31, 2024
Bank Borrowings [Abstract]  
Schedule of Short-Term Bank Borrowings Short-term bank borrowings as of December 31, 2024 consisted of the following:
Lender  Company  Rate   Issuance
Date		  Expiration Date  Amount-
RMB		   Amount-
US$		 
Jiangsu Yangzhou Rural Commercial Bank  Huadong   3.30%  2024/2/1  2025/1/31*   5,000,000    684,997 
Bank of China  Huadong   2.42%  2024/3/11  2025/3/10*   5,000,000    684,997 
Bank of Communications  Huadong   2.55%  2024/4/23  2025/4/23   9,000,000    1,232,995 
Bank of Jiangsu  Huadong   2.60%  2024/12/23  2025/12/15   10,000,000    1,369,994 
CITIC Bank  Huada   2.70%  2024/9/26  2025/9/25   5,000,000    684,997 
CITIC Bank  Huada   2.70%  2024/9/30  2025/9/25   5,000,000    684,997 
Industrial and Commercial Bank of China  Yada   3.45%  2024/2/22  2025/2/21*   9,000,000    1,232,995 
Agricultural Bank of China  Yada   2.70%  2024/10/24  2025/10/23   10,000,000    1,369,994 
Total                 58,000,000    7,945,966 

 

*These loans were repaid upon maturity.

 

Short-term bank borrowings as of December 31, 2023 consisted of the following: 

 

Lender   Company   Rate     Issuance
Date		   Expiration Date   Amount-
RMB		     Amount-
US$		  
Jiangsu Yangzhou Rural Commercial Bank   Huadong     3.95 %   2023/1/31   2024/1/29     5,000,000       704,235  
Bank of China   Huadong     3.50 %   2023/3/10   2024/3/9     10,000,000       1,408,471  
Bank of Communications   Huadong     3.50 %   2022/11/3   2024/4/25     5,000,000       704,235  
Bank of Communications   Huadong     3.50 %   2023/1/19   2024/5/25     4,000,000       563,389  
Agricultural Bank of China   Huadong     3.15 %   2023/4/21   2024/4/19     9,000,000       1,267,623  
Industrial and Commercial Bank of China   Yada     3.45 %   2023/2/17   2024/2/16     9,000,000       1,267,623  
Agricultural Bank of China   Yada     3.15 %   2023/12/20   2024/12/19     10,000,000       1,408,471  
Total                         52,000,000       7,324,047  
Schedule of Carrying Values of the Company’s Pledged Assets to Secure Short-Term Borrowings

The carrying values of the Company’s pledged assets to secure short-term borrowings by the Company are as follows:

 

   December 31,
2024		   December 31,
2023		 
   US$   US$ 
Buildings, net   1,062,792    1,705,833 
Land use right, net   
-
    90,832 
Total   1,062,792    1,796,665