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Related Parties (Tables)
12 Months Ended
Dec. 31, 2024
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions

Loan activity for the years ended December 31, 2024 and 2023 was as follows:

 

 

2024

 

 

2024

 

 

2023

 

 

2023

 

 

 

USD

 

 

RMB

 

 

USD

 

 

RMB

 

Balance at beginning of the period

 

$

665

 

 

 

4,713

 

 

$

-

 

 

 

-

 

Borrowings

 

 

-

 

 

 

-

 

 

 

1,768

 

 

 

12,317

 

Repayments

 

 

(664

)

 

 

(4,713

)

 

 

(1,096

)

 

 

(7,604

)

Foreign exchange

 

 

(1

)

 

 

-

 

 

 

(7

)

 

 

-

 

Balance at end of the period

 

$

-

 

 

 

-

 

 

$

665

 

 

 

4,713

 

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 years ended December 31, 2024 and 2023, were as follows:

 

 

2024

 

 

2024

 

 

2023

 

 

2023

 

 

 

USD

 

 

RMB

 

 

USD

 

 

RMB

 

Purchases from related parties

 

$

6,388

 

 

 

45,886

 

 

$

7,331

 

 

 

51,851

 

Sales to related parties

 

$

15,506

 

 

 

111,384

 

 

$

2,939

 

 

 

20,786

 

 

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

 

 

2024

 

 

2024

 

 

2023

 

 

2023

 

 

 

USD

 

 

RMB

 

 

USD

 

 

RMB

 

Accounts receivable from related parties

 

$

1,839

 

 

 

13,422

 

 

$

190

 

 

 

1,350

 

Accounts payable to related parties

 

$

411

 

 

 

3,001

 

 

$

401

 

 

 

2,841

 

Other current liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Customer deposits

 

$

-

 

 

 

-

 

 

$

149

 

 

 

1,056