2022 Q4 Form 20-F Financial Statement

#000121390023040481 Filed on May 16, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021 Q4
Revenue $27.86M $38.13M $1.967M
YoY Change 1316.15% 414.57% -91.51%
Cost Of Revenue $30.24M $39.48M $1.128M
YoY Change 2581.61% 915.68% -62.16%
Gross Profit -$2.380M -$1.350M $839.6K
YoY Change -383.46% -138.33% -95.84%
Gross Profit Margin -8.54% -3.54% 42.68%
Selling, General & Admin $7.690M $12.68M $5.927M
YoY Change 29.74% 44.39% 23.39%
% of Gross Profit 705.93%
Research & Development $950.0K $1.054M $1.108M
YoY Change -14.29% -51.02% 65.11%
% of Gross Profit 132.01%
Depreciation & Amortization $1.380M $750.2K
YoY Change -24.12%
% of Gross Profit
Operating Expenses $8.640M $17.46M $7.036M
YoY Change 22.8% 59.69% 28.51%
Operating Profit -$11.02M -$18.81M -$6.196M
YoY Change 77.86% 153.83% -142.07%
Interest Expense -$2.290M -$3.590M -$1.037M
YoY Change 120.93% 84.55% -585.79%
% of Operating Profit
Other Income/Expense, Net $10.00K -$3.506M $270.4K
YoY Change -96.3% -967.08% 271.17%
Pretax Income -$15.96M -$5.992M -$6.962M
YoY Change 129.24% -33.06% -146.38%
Income Tax -$200.0K $809.0K $310.8K
% Of Pretax Income
Net Earnings -$14.89M -$22.40M -$7.012M
YoY Change 112.34% 166.62% -158.01%
Net Earnings / Revenue -53.45% -58.76% -356.45%
Basic Earnings Per Share -$0.90
Diluted Earnings Per Share -$0.59 -$0.90 -$286.1K
COMMON SHARES
Basic Shares Outstanding 25.36M shares 24.82M shares
Diluted Shares Outstanding 24.82M shares

Balance Sheet

Concept 2022 Q4 2022 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.000M $5.000M $19.88M
YoY Change -74.85% -74.85% 81.27%
Cash & Equivalents $1.656M $1.700M $13.92M
Short-Term Investments $3.300M $3.300M $5.962M
Other Short-Term Assets $14.80M $10.00M $4.435M
YoY Change 233.7% 149.24% 132.36%
Inventory $12.24M $18.30M $3.106M
Prepaid Expenses $12.24M
Receivables $5.168M $5.200M $6.862M
Other Receivables $1.200M $6.100M $65.28K
Total Short-Term Assets $44.64M $44.60M $34.35M
YoY Change 29.97% 29.86% 21.54%
LONG-TERM ASSETS
Property, Plant & Equipment $41.47M $41.50M $3.576M
YoY Change 1059.6% 1060.49% 2.25%
Goodwill
YoY Change
Intangibles $10.08M
YoY Change
Long-Term Investments $3.000M $3.000M $5.381M
YoY Change -44.25% -44.25% 74.42%
Other Assets $13.90M $13.90M $11.80M
YoY Change 17.83% 17.83% 1857.0%
Total Long-Term Assets $62.38M $62.40M $24.35M
YoY Change 156.2% 156.27% 112.12%
TOTAL ASSETS
Total Short-Term Assets $44.64M $44.60M $34.35M
Total Long-Term Assets $62.38M $62.40M $24.35M
Total Assets $107.0M $107.0M $58.70M
YoY Change 82.34% 82.3% 47.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.26M $12.30M $34.49K
YoY Change 35445.87% 35562.51% 2.34%
Accrued Expenses $600.0K $600.0K $430.5K
YoY Change 39.38% 238.72% 382.43%
Deferred Revenue $347.2K
YoY Change
Short-Term Debt $3.900M $3.900M $0.00
YoY Change
Long-Term Debt Due $3.700M $3.700M
YoY Change
Total Short-Term Liabilities $26.02M $26.00M $1.721M
YoY Change 1412.22% 1410.85% -69.18%
LONG-TERM LIABILITIES
Long-Term Debt $4.100M $4.100M $0.00
YoY Change
Other Long-Term Liabilities $3.400M $3.400M $0.00
YoY Change -100.0%
Total Long-Term Liabilities $7.637M $7.500M $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $26.02M $26.00M $1.721M
Total Long-Term Liabilities $7.637M $7.500M $0.00
Total Liabilities $33.66M $75.90M $4.843M
YoY Change 595.02% 1467.17% -15.0%
SHAREHOLDERS EQUITY
Retained Earnings -$5.149M $17.26M
YoY Change -129.83%
Common Stock $2.536K $2.453K
YoY Change 3.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $31.12M $31.10M $53.85M
YoY Change
Total Liabilities & Shareholders Equity $107.0M $107.0M $58.70M
YoY Change 82.34% 82.3% 47.71%

Cashflow Statement

Concept 2022 Q4 2022 2021 Q4
OPERATING ACTIVITIES
Net Income -$14.89M -$22.40M -$7.012M
YoY Change 112.34% 166.62% -158.01%
Depreciation, Depletion And Amortization $1.380M $750.2K
YoY Change -24.12%
Cash From Operating Activities -$5.970M -$9.573M
YoY Change 82.94%
INVESTING ACTIVITIES
Capital Expenditures $18.64M $43.71M
YoY Change -625.43%
Acquisitions
YoY Change
Other Investing Activities -$640.0K -$1.720M
YoY Change -87.51%
Cash From Investing Activities -$19.28M -$45.61M
YoY Change 106.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $887.8K
YoY Change
Cash From Financing Activities 7.950M $45.76M
YoY Change 48.39%
NET CHANGE
Cash From Operating Activities -5.970M -$9.573M
Cash From Investing Activities -19.28M -$45.61M
Cash From Financing Activities 7.950M $45.76M
Net Change In Cash -17.30M -$10.32M
YoY Change -394.17%
FREE CASH FLOW
Cash From Operating Activities -$5.970M -$9.573M
Capital Expenditures $18.64M $43.71M
Free Cash Flow -$24.61M -$53.29M
YoY Change -1826.47%

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Sunrise New Energy Co., Ltd.
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Room 703, West Zone, R&D Building Zibo Science and Technology Industrial Entrepreneurship Park
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No. 69 Sanying Road
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No
CY2022 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2022 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2022 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2022 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2022 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
CY2022 dei Entity Ex Transition Period
EntityExTransitionPeriod
false
CY2022 dei Entity Shell Company
EntityShellCompany
false
CY2022 dei Auditor Firm
AuditorFirmId
711
CY2022 dei Auditor Name
AuditorName
Friedman LLP
CY2022 dei Auditor Location
AuditorLocation
New York
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CY2020 us-gaap Revenues
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CY2022 sdh Cost Of Goods And Service Sold
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CY2021 sdh Cost Of Goods And Service Sold
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CY2020 sdh Cost Of Goods And Service Sold
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CY2022 sdh Direct Operating Cost
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CY2021 sdh Direct Operating Cost
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CY2021 us-gaap Research And Development Expense
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CY2022 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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CY2021 sdh Income Loss From Continuing Operations Before Income Taxes Extraordinary Item Noncontrolling Interest
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CY2022 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Earnings Per Share Basic
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-0.9
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CY2022 us-gaap Profit Loss
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CashAndCashEquivalentsAtCarryingValue
13916155 usd
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
10966012 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
564335 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
3699180 usd
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
638180 usd
CY2021 sdh Operating Lease Rightofuse Assets Obtained In Exchange Of Operating Lease Liabilities
OperatingLeaseRightofuseAssetsObtainedInExchangeOfOperatingLeaseLiabilities
311638 usd
CY2020 sdh Operating Lease Rightofuse Assets Obtained In Exchange Of Operating Lease Liabilities
OperatingLeaseRightofuseAssetsObtainedInExchangeOfOperatingLeaseLiabilities
64402 usd
CY2021 sdh Inventories Obtained In Exchange For Accounts Receivable
InventoriesObtainedInExchangeForAccountsReceivable
155003 usd
CY2020 sdh Inventories Obtained In Exchange For Deferred Revenue
InventoriesObtainedInExchangeForDeferredRevenue
30851 usd
CY2020 sdh Long Term Investment Obtained In Exchange Of Accounts Receivable
LongTermInvestmentObtainedInExchangeOfAccountsReceivable
652401 usd
CY2022 sdh Intangible Assets Obtained From Capital Contribution By Noncontrolling Shareholders
IntangibleAssetsObtainedFromCapitalContributionByNoncontrollingShareholders
4881198 usd
CY2022Q3 sdh Percentage Of Shareholders
PercentageOfShareholders
1 pure
CY2022Q4 sdh Percentage Of Shareholders
PercentageOfShareholders
1 pure
CY2022 sdh Option Price
OptionPrice
10
CY2022 sdh Option Price
OptionPrice
1.45
CY2022Q4 us-gaap Cash
Cash
336871 usd
CY2021Q4 us-gaap Cash
Cash
3870916 usd
CY2022Q4 sdh Account Receivable Net
AccountReceivableNet
200539 usd
CY2021Q4 sdh Account Receivable Net
AccountReceivableNet
6861672 usd
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
3590 usd
CY2021Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
2865958 usd
CY2022Q4 us-gaap Due From Other Related Parties Current
DueFromOtherRelatedPartiesCurrent
391982 usd
CY2021Q4 us-gaap Due From Other Related Parties Current
DueFromOtherRelatedPartiesCurrent
52268 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
2537524 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
3002698 usd
CY2022Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
3470506 usd
CY2021Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
16653512 usd
CY2022Q4 us-gaap Amount Of Deferred Costs Related To Long Term Contracts
AmountOfDeferredCostsRelatedToLongTermContracts
14358 usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment Current
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipmentCurrent
2874500 usd
CY2022Q4 us-gaap Grants Receivable
GrantsReceivable
3048035 usd
CY2021Q4 us-gaap Grants Receivable
GrantsReceivable
458182 usd
CY2020Q4 us-gaap Grants Receivable
GrantsReceivable
101485 usd
CY2022Q4 us-gaap Deferred Income
DeferredIncome
2871665 usd
CY2022 sdh Q And A Session Fees Description
QAndASessionFeesDescription
The Q&A session is usually provided by chosen Mentors or Experts within a course of a 72-hour period. The Company charges 30% of the Q&A fees as a facilitator of online services. The Q&A fees are allocated to the Company and chosen Mentors or Experts automatically by the APP on a 30%/70% split upon completion of Q&A sessions. The Company recognizes this online service fees as revenue at completion of Q&A sessions on a net basis, i.e., in the amount of 30% of allocated Q&A fees, as the Company merely provides a platform for its Users and is not the primary obligor of the Q&A session, neither has risks and rewards as principal.
CY2021Q4 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment Current
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipmentCurrent
3351321 usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Intangible Assets Current
DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsCurrent
31036 usd
CY2021Q4 us-gaap Disposal Group Including Discontinued Operation Intangible Assets Current
DisposalGroupIncludingDiscontinuedOperationIntangibleAssetsCurrent
3594977 usd
CY2022Q4 us-gaap Other Long Term Investments
OtherLongTermInvestments
3019281 usd
CY2021Q4 us-gaap Other Long Term Investments
OtherLongTermInvestments
5381441 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
224773 usd
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
852037 usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
5939175 usd
CY2021Q4 us-gaap Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
13404549 usd
CY2022Q4 us-gaap Other Assets
OtherAssets
9409681 usd
CY2021Q4 us-gaap Other Assets
OtherAssets
30058061 usd
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
50953 usd
CY2021Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
34486 usd
CY2022Q4 us-gaap Deferred Revenue
DeferredRevenue
222605 usd
CY2021Q4 us-gaap Deferred Revenue
DeferredRevenue
179407 usd
CY2022Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
347471 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
2871665 usd
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
506638 usd
CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
1076518 usd
CY2022Q4 us-gaap Due To Affiliate Current
DueToAffiliateCurrent
96627 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
99569 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
293699 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
313685 usd
CY2022Q4 us-gaap Other Liabilities
OtherLiabilities
4389658 usd
CY2021Q4 us-gaap Other Liabilities
OtherLiabilities
1703665 usd
CY2022Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
4389658 usd
CY2021Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
1703665 usd
CY2022 sdh Annual Rate
AnnualRate
299 cny
CY2022 sdh Revenue
Revenue
170061 usd
CY2021 sdh Revenue
Revenue
253157 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Use of estimates</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p><p style="text-align: justify; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">The preparation of consolidated financial statements in conformity with U.S. GAAP requires the management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. These estimates and judgments are based on historical information, information that is currently available to the Company and on various other assumptions that the Company believes to be reasonable under the circumstances.  Significant estimates required to be made by management, include, but are not limited to, the assessment of the allowance for doubtful accounts, inventory valuation, depreciable lives of property and equipment, impairment of long-lived assets and realization of deferred tax assets.   Actual results could differ from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 sdh Yearend Spot Rate
YearendSpotRate
US$1= RMB 6.9646
CY2021 sdh Yearend Spot Rate
YearendSpotRate
US$1= RMB 6.3757
CY2020 sdh Yearend Spot Rate
YearendSpotRate
US$1= RMB 6.5249
CY2022 us-gaap Weighted Average Interest Rate Of Time Deposits100000 Or More Description
WeightedAverageInterestRateOfTimeDeposits100000OrMoreDescription
US$1= RMB 6.7261
CY2021 us-gaap Weighted Average Interest Rate Of Time Deposits100000 Or More Description
WeightedAverageInterestRateOfTimeDeposits100000OrMoreDescription
US$1= RMB 6.4515
CY2020 us-gaap Weighted Average Interest Rate Of Time Deposits100000 Or More Description
WeightedAverageInterestRateOfTimeDeposits100000OrMoreDescription
US$1= RMB 6.8976
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
700000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
8047527 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
5744387 usd
CY2022Q4 us-gaap Other Inventory
OtherInventory
2711158 usd
CY2022 us-gaap Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
P10Y
CY2022 us-gaap Principal Investment Gains Losses
PrincipalInvestmentGainsLosses
14072 usd
CY2021 us-gaap Principal Investment Gains Losses
PrincipalInvestmentGainsLosses
41925 usd
CY2020 us-gaap Principal Investment Gains Losses
PrincipalInvestmentGainsLosses
1087 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
979426 usd
CY2022 sdh Other Asset Impairment Charge
OtherAssetImpairmentCharge
2650020 usd
CY2022 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
1176956 usd
CY2022 us-gaap Earnings Per Share Diluted Distributed
EarningsPerShareDilutedDistributed
24820313
CY2021 us-gaap Earnings Per Share Diluted Distributed
EarningsPerShareDilutedDistributed
23638751
CY2022Q4 us-gaap Deposits
Deposits
500000 cny
CY2020Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.10 pure
CY2022 sdh Net Loss
NetLoss
23124402 usd
CY2021 sdh Net Loss
NetLoss
8714332 usd
CY2022 us-gaap Payments For Operating Activities
PaymentsForOperatingActivities
9573401 usd
CY2021 us-gaap Payments For Operating Activities
PaymentsForOperatingActivities
5233182 usd
CY2022 sdh Cash Equivalents And Restricted Cash
CashEquivalentsAndRestrictedCash
10322198 usd
CY2022Q4 sdh Cash Payment
CashPayment
1655549 usd
CY2022 us-gaap Line Of Credit Facility Decrease Forgiveness1
LineOfCreditFacilityDecreaseForgiveness1
6500000 cny
CY2022 us-gaap Line Of Credit Facility Decrease Forgiveness1
LineOfCreditFacilityDecreaseForgiveness1
933291 usd
CY2022Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
13215228 usd
CY2021Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
12606059 usd
CY2022Q4 us-gaap Accounts Receivable Noncurrent Nonaccrual No Allowance
AccountsReceivableNoncurrentNonaccrualNoAllowance
8047527 usd
CY2021Q4 us-gaap Accounts Receivable Noncurrent Nonaccrual No Allowance
AccountsReceivableNoncurrentNonaccrualNoAllowance
5744387 usd
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
5167701 usd
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
6861672 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5744387 usd
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1808889 usd
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
194375 usd
CY2022 sdh Additional Reserve Through Bad Debt Expense
AdditionalReserveThroughBadDebtExpense
2887754 usd
CY2021 sdh Additional Reserve Through Bad Debt Expense
AdditionalReserveThroughBadDebtExpense
3890827 usd
CY2020 sdh Additional Reserve Through Bad Debt Expense
AdditionalReserveThroughBadDebtExpense
1514559 usd
CY2021 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
43401 usd
CY2022 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
-584614 usd
CY2021 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
88072 usd
CY2020 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
99955 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
8047527 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5744387 usd
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1808889 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
2887754 usd
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
3847426 usd
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1514559 usd
CY2021Q1 us-gaap Derivative Fixed Interest Rate
DerivativeFixedInterestRate
0.08 pure
CY2021Q1 sdh Due Date
DueDate
2022-05-10
CY2022Q1 us-gaap Short Term Debt Lender
ShortTermDebtLender
$2,000,000
CY2022Q1 us-gaap Prepaid Interest
PrepaidInterest
8 usd
CY2022Q4 us-gaap Inventory Net Of Allowances Customer Advances And Progress Billings
InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings
2711158 usd
CY2021Q1 us-gaap Investments And Cash
InvestmentsAndCash
8000000 usd
CY2022Q4 us-gaap Fair Value Net Asset Liability
FairValueNetAssetLiability
3336256 usd
CY2021Q4 us-gaap Fair Value Net Asset Liability
FairValueNetAssetLiability
5961605 usd
CY2022 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
2625349 usd
CY2021 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
2038395 usd
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepaid Expense And Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets
211365 usd
CY2021Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepaid Expense And Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets
703281 usd
CY2022 us-gaap Payments To Suppliers And Employees
PaymentsToSuppliersAndEmployees
2820551 usd
CY2021 us-gaap Payments To Suppliers And Employees
PaymentsToSuppliersAndEmployees
1759253 usd
CY2022Q4 us-gaap Recorded Third Party Environmental Recoveries Net
RecordedThirdPartyEnvironmentalRecoveriesNet
2873818 usd
CY2021Q4 us-gaap Recorded Third Party Environmental Recoveries Net
RecordedThirdPartyEnvironmentalRecoveriesNet
840685 usd
CY2022 us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
1206099 usd
CY2021 us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
650909 usd
CY2022Q4 us-gaap Other Receivables
OtherReceivables
401936 usd
CY2021Q4 us-gaap Other Receivables
OtherReceivables
299864 usd
CY2022Q4 us-gaap Interest Receivable
InterestReceivable
365478 usd
CY2021Q4 us-gaap Interest Receivable
InterestReceivable
171840 usd
CY2022Q4 us-gaap Prepaid Taxes
PrepaidTaxes
4468404 usd
CY2021Q4 us-gaap Prepaid Taxes
PrepaidTaxes
123100 usd
CY2022Q4 us-gaap Deposit Assets
DepositAssets
36574 usd
CY2021Q4 us-gaap Deposit Assets
DepositAssets
43090 usd
CY2022Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
12384225 usd
CY2021Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
4592022 usd
CY2022Q4 us-gaap Allowance For Notes And Loans Receivable Current
AllowanceForNotesAndLoansReceivableCurrent
143583 usd
CY2021Q4 us-gaap Allowance For Notes And Loans Receivable Current
AllowanceForNotesAndLoansReceivableCurrent
156847 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
12240642 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
4435175 usd
CY2021Q1 us-gaap Debt Instrument Annual Principal Payment
DebtInstrumentAnnualPrincipalPayment
825000 usd
CY2021Q3 us-gaap Prepaid Mineral Royalties Noncurrent
PrepaidMineralRoyaltiesNoncurrent
650909 usd
CY2021Q3 sdh Equity Interest Rate
EquityInterestRate
0.615 pure
CY2022Q4 us-gaap Due From Other Related Parties
DueFromOtherRelatedParties
337421 usd
CY2021Q4 sdh Prepaid For Land Use Right
PrepaidForLandUseRight
6947051 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3836627 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1297866 usd
CY2021Q4 us-gaap Loans Payable To Bank
LoansPayableToBank
2000000 usd
CY2022Q4 sdh Other Loan Of Third Party
OtherLoanOfThirdParty
15329 usd
CY2022Q4 us-gaap Other Loans Payable Long Term
OtherLoansPayableLongTerm
3850985 usd
CY2021Q4 us-gaap Other Loans Payable Long Term
OtherLoansPayableLongTerm
10244917 usd
CY2022 sdh Description Of Loan Contract
DescriptionOfLoanContract
The Company signed a loan contract on March 8, 2021 and renewed it on March 6, 2022 with Waichun to lend $2,000,000 with annual interest rate of 8%, which will be due on December 31, 2023.
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
22461638 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3792577 usd
CY2022Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
20135220 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1128475 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
441256 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
41468383 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3351321 usd
CY2022 us-gaap Depreciation
Depreciation
750220 usd
CY2021 us-gaap Depreciation
Depreciation
198747 usd
CY2020 us-gaap Depreciation
Depreciation
126589 usd
CY2022Q4 sdh Land Use Rights Cost
LandUseRightsCost
10204968 usd
CY2022Q4 us-gaap Accumulated Amortization Of Other Deferred Costs
AccumulatedAmortizationOfOtherDeferredCosts
121726 usd
CY2022Q4 us-gaap Land Improvements
LandImprovements
10083242 usd
CY2022 us-gaap Adjustment For Amortization
AdjustmentForAmortization
126042 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
221617 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
221617 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
221617 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
221617 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
9196774 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
10083242 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
9374674 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
5326829 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-2852753 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-1731852 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
2559271 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3962650 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3594977 usd
CY2022 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
1312279 usd
CY2021 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
789925 usd
CY2020 us-gaap Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
738837 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths
716271 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
716271 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
716271 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour
716271 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingAfterYearFive
1097568 usd
CY2021Q4 sdh Finite Lived Intangible Asset Net
FiniteLivedIntangibleAssetNet
3962650 usd
CY2022Q4 us-gaap Other Long Term Debt
OtherLongTermDebt
3991012 usd
CY2021Q4 us-gaap Other Long Term Debt
OtherLongTermDebt
5409673 usd
CY2022Q4 us-gaap Inventory Adjustments
InventoryAdjustments
-971731 usd
CY2021Q4 us-gaap Inventory Adjustments
InventoryAdjustments
-28232 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
3019281 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
5381441 usd
CY2022 sdh Realized Investment Gains
RealizedInvestmentGains
14072 usd
CY2021 sdh Realized Investment Gains
RealizedInvestmentGains
14025 usd
CY2020 sdh Realized Investment Gains
RealizedInvestmentGains
15585 usd
CY2020 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
10000000 cny
CY2021Q4 us-gaap Memberships In Exchanges Owned
MembershipsInExchangesOwned
1500000 cny
CY2021Q4 us-gaap Remaining Amounts Of Regulatory Assets For Which No Return On Investment During Recovery Period Is Provided
RemainingAmountsOfRegulatoryAssetsForWhichNoReturnOnInvestmentDuringRecoveryPeriodIsProvided
236053 usd
CY2017Q4 us-gaap Variable Interest Entity Ownership Percentage
VariableInterestEntityOwnershipPercentage
0.015 pure
CY2017Q4 us-gaap Cash
Cash
90000 cny
CY2019Q2 us-gaap Variable Interest Entity Ownership Percentage
VariableInterestEntityOwnershipPercentage
0.0098 pure
CY2021 us-gaap Impairment Of Leasehold
ImpairmentOfLeasehold
27900 usd
CY2022Q3 sdh Equity Ownership Percentage
EquityOwnershipPercentage
1 pure
CY2022Q3 us-gaap Asset Acquisition Consideration Transferred Equity Interest Issued And Issuable
AssetAcquisitionConsiderationTransferredEquityInterestIssuedAndIssuable
40000000 cny
CY2022Q3 us-gaap Asset Acquisition Consideration Transferred Equity Interest Issued And Issuable
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On April 24, 2020, the shareholders of the Company unanimously authorize another one-for-0.68 reverse stock split of the Company’s issued and outstanding ordinary shares (the “Second Reverse Stock Split”), which became effective on April 24, 2020.
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