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Related Parties (Tables)
6 Months Ended
Jun. 30, 2024
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions

Loan activity for the six months ended June 30, 2024 and 2023 was as follows:

 

 

Six Months Ended June 30,

 

 

 

2024

 

 

2024

 

 

2023

 

 

2023

 

 

 

USD

 

 

RMB

 

 

USD

 

 

RMB

 

Balance at beginning of the period

 

$

665

 

 

 

4,713

 

 

$

-

 

 

 

-

 

Borrowings

 

 

-

 

 

 

-

 

 

 

669

 

 

 

4,600

 

Repayments

 

 

(664

)

 

 

(4,713

)

 

 

(669

)

 

 

(4,600

)

Foreign exchange

 

 

(1

)

 

 

-

 

 

 

-

 

 

 

-

 

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 six months ended June 30, 2024 and 2023 were as follows:

 

 

Three Months Ended June 30,

 

 

 

2024

 

 

2024

 

 

2023

 

 

2023

 

 

 

USD

 

 

RMB

 

 

USD

 

 

RMB

 

Purchases from related parties

 

$

1,901

 

 

 

13,740

 

 

$

1,880

 

 

 

13,223

 

Sales to related parties

 

$

3,935

 

 

 

28,505

 

 

$

303

 

 

 

2,342

 

 

 

 

Six Months Ended June 30,

 

 

 

2024

 

 

2024

 

 

2023

 

 

2023

 

 

 

USD

 

 

RMB

 

 

USD

 

 

RMB

 

Purchases from related parties

 

$

3,138

 

 

 

22,588

 

 

$

3,323

 

 

 

23,133

 

Sales to related parties

 

$

8,173

 

 

 

58,824

 

 

$

2,723

 

 

 

18,960

 

 

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

 

 

June 30, 2024

 

 

June 30, 2024

 

 

December 31, 2023

 

 

December 31, 2023

 

 

 

USD

 

 

RMB

 

 

USD

 

 

RMB

 

Accounts receivable from related parties

 

$

4,795

 

 

 

34,861

 

 

$

190

 

 

 

1,350

 

Accounts payable to related parties

 

$

1,200

 

 

 

8,724

 

 

$

401

 

 

 

2,841

 

Other current liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Customer deposits

 

$

94

 

 

 

682

 

 

$

149

 

 

 

1,056