v3.26.1
CONCENTRATION OF RISKS (Tables)
12 Months Ended
Dec. 31, 2025
CONCENTRATION OF RISKS  
Schedule of concentration of credit risk

Concentration of customers

For the years ended December 31, 2023, 2024 and 2025, the customers accounted for 10% or more of the Group’s revenues generated from continuing operations were as follows:

​

​

​

​

​

​

​

​

​

  ​ ​ ​

For the years ended December 31, 

 

​

 

2023

 

2024

 

2025

​

A

 

14.4

%

*

%

*

%

B

​

11.5

%

13.1

%

16.3

%

C

​

*

%

16.2

%

*

%

D

​

*

%

*

%

16.6

%

E

​

*

%

*

%

22.8

%

​

As of December 31, 2024 and 2025, the customers accounted for 10% or more of the Group’s accounts receivable generated from continuing operations were as follows:

​

​

​

​

​

​

​

  ​ ​ ​

As of 

​

As of 

 

​

​

December 31, 

​

December 31, 

​

​

 

2024

  ​ ​ ​

2025

​

A

 

29.4

%  

*

%

B

​

*

%  

11.8

%

C

​

19.3

%  

15.2

%

D

​

28.9

%  

*

%

E

​

*

%  

10.1

%

F

​

*

%  

57.4

%

​

Concentration of suppliers

For the years ended December 31, 2023, 2024 and 2025, the suppliers accounted for 10% or more of the Group’s costs generated from continuing operations were as follows:

​

​

​

​

​

​

​

​

​

  ​ ​ ​

For the years ended December 31, 

 

​

  ​ ​ ​

2023

  ​ ​ ​

2024

  ​ ​ ​

2025

​

A

​

54.0

%

48.0

%

56.9

%

​

As of December 31, 2024 and 2025, the suppliers accounted for 10% or more of the Group’s accounts payable generated from continuing operations were as follows:

​

​

​

​

​

​

​

  ​ ​ ​

As of 

​

As of 

 

​

​

December 31, 

​

December 31, 

​

​

 

2024

  ​ ​ ​

2025

​

A

 

100.0

%  

*

%

B

​

*

%  

100.0

%

*Less than 10%