GOODWILL (Tables)

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

SCHEDULE OF TANGIBLE AND INTANGIBLE ASSETS AND LIABILITIES

	US$’000			RMB’000
Assets acquired:
Cash and cash equivalents		235,165			1,645,169
Accounts and notes receivable		111,511			780,105
Other receivable		262			1,829
Inventory		30,766			215,232
Property, plant and equipment, net		273,142			1,910,844
Equity investment		4,773			33,391
Intangible assets		129,315			904,663
Land use right		87,970			615,419
Prepayments and other assets, current and non-current		53,820			376,512
Total assets acquired		926,724			6,483,164
Liabilities and equity assumed
Short-term borrowing		(28,589	)		(200,000	)
Accounts and notes payable		(160,346	)		(1,121,745	)
Contract liabilities		(11,904	)		(83,276	)
Accounts and other liabilities		(20,830	)		(145,725	)
Long-term payables		(249,417	)		(1,744,870	)
Accrued post-employment and termination benefits		(73,634	)		(515,130	)
Other payable, current and non-current		(81,749	)		(571,898	)
Noncontrolling interest		(88,575	)		(619,653	)
Total liabilities and equity assumed		(715,044	)		(5,002,297	)
Net assets acquired		211,680			1,480,867
Goodwill		2,735			19,133
Total purchase price		214,415			1,500,000

SCHEDULE OF CARRYING AMOUNT OF GOODWILL

Changes in the carrying amount of goodwill consisted of the following:

	June 30, 2024			December 31, 2023
	US$’000			US$’000
	(Unaudited)
Beginning balance		2,695			2,774
Addition during the period/year		-			-
Impairment during the period/year		-			-
Translation adjustment		(62	)		(79	)
Goodwill		2,633			2,695