XML 49 R41.htm IDEA: XBRL DOCUMENT v3.24.3
Related Parties (Tables)
9 Months Ended
Sep. 30, 2024
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions

Loan activity for the nine months ended September 30, 2024 and 2023 was as follows:

 

 

Nine Months Ended September 30,

 

 

 

2024

 

 

2024

 

 

2023

 

 

2023

 

 

 

USD

 

 

RMB

 

 

USD

 

 

RMB

 

Balance at beginning of the period

 

$

665

 

 

 

4,713

 

 

$

-

 

 

 

-

 

Borrowings

 

 

-

 

 

 

-

 

 

 

1,099

 

 

 

7,604

 

Repayments

 

 

(664

)

 

 

(4,713

)

 

 

(1,096

)

 

 

(7,604

)

Foreign exchange

 

 

(1

)

 

 

-

 

 

 

(3

)

 

 

-

 

Balance at end of the period

 

$

-

 

 

 

-

 

 

$

-

 

 

 

-

 

ATR has sales to and purchases from ATR’s minority shareholder and its affiliates and sales to a shareholder of one of the Corporation’s other joint ventures in China and its affiliates. These sales and purchases, which were in the ordinary course of business, for the three and nine months ended September 30, 2024 and 2023 were as follows:

 

 

Three Months Ended September 30,

 

 

 

2024

 

 

2024

 

 

2023

 

 

2023

 

 

 

USD

 

 

RMB

 

 

USD

 

 

RMB

 

Purchases from related parties

 

$

1,994

 

 

 

14,221

 

 

$

1,913

 

 

 

13,752

 

Sales to related parties

 

$

4,094

 

 

 

29,156

 

 

$

18

 

 

 

346

 

 

 

 

Nine Months Ended September 30,

 

 

 

2024

 

 

2024

 

 

2023

 

 

2023

 

 

 

USD

 

 

RMB

 

 

USD

 

 

RMB

 

Purchases from related parties

 

$

5,132

 

 

 

36,809

 

 

$

5,236

 

 

 

36,885

 

Sales to related parties

 

$

12,267

 

 

 

87,980

 

 

$

2,741

 

 

 

19,306

 

 

Balances outstanding with ATR’s minority shareholder including its affiliates and the other joint venture’s shareholder and its affiliates as of September 30, 2024 and December 31, 2023 were as follows:

 

 

September 30, 2024

 

 

September 30, 2024

 

 

December 31, 2023

 

 

December 31, 2023

 

 

 

USD

 

 

RMB

 

 

USD

 

 

RMB

 

Accounts receivable from related parties

 

$

2,511

 

 

 

17,622

 

 

$

190

 

 

 

1,350

 

Accounts payable to related parties

 

$

2,066

 

 

 

14,499

 

 

$

401

 

 

 

2,841

 

Other current liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Customer deposits

 

$

-

 

 

 

-

 

 

$

149

 

 

 

1,056