Accounts receivable (net of allowance for credit losses of 4,130 and 4,693 as of june30, 2026 and december31, 2025, respectively)
121,181
123,592
155,763
149,274
Notes receivable
1,334
5,511
5,590
1,497
Inventories, net
93,594
95,037
89,411
126,942
Prepaid expenses and other current assets
15,727
16,189
17,221
24,925
Assets held for sale
0
11,500
11,500
0
Total current assets
374,921
425,823
448,723
445,265
Restricted cash
-
-
0
0
Property, plant and equipment, net
526,050
510,050
508,057
524,016
Land use rights, net
11,771
11,654
11,570
11,439
Acquired intangible assets, net
1,974
2,077
2,183
2,281
Operating lease right-of-use assets
17,399
16,769
17,336
18,116
Deferred tax assets
5,429
5,429
5,429
-
Other non-current assets
14,649
15,694
12,150
12,490
Total assets
952,193
987,496
1,005,448
1,013,607
Accounts payable
62,639
46,370
47,003
59,797
Notes payable
15,246
52,263
78,321
57,197
Accrued expenses and other current liabilities
114,817
109,472
123,315
128,770
Advance from customers
4,991
6,663
5,605
5,678
Other current liabilities
181
17
2
0
Convertible loan measured at fair value
0
76,456
140,929
193,474
Short-term bank borrowings
104,179
111,152
93,052
84,390
Income tax payables
-
-
99
655
Warrant liability
-
-
15
-
Bonds payable
41,693
41,693
-
-
Total current liabilities
343,746
444,086
488,341
529,961
Long-term bonds payable
0
0
41,693
41,693
Long-term bank borrowings
14,443
27,617
13,227
34,396
Warrant liability
-
-
0
287
Share-based compensation liability
-
-
98
98
Convertible loan measured at fair value
-
-
0
0
Operating lease liabilities
13,996
13,984
14,476
15,076
Other non-current liabilities
36,914
35,703
37,100
33,984
Total liabilities
409,099
521,390
594,935
655,495
Common stock (0.0001 par value, 750,000 shares authorized 386,222 and 333,474 shares issued, and 384,534 and 331,786 shares outstanding as of june30, 2026 and december31, 2025)
39
34
34
33
Additional paid-in capital
1,627,198
1,544,805
1,543,797
1,515,285
Statutory reserves
6,032
6,032
6,032
6,032
Accumulated deficit
-1,085,953
-1,073,965
-1,122,176
-1,138,715
Accumulated other comprehensive loss
-4,222
-10,800
-17,174
-24,523
Total equity
543,094
466,106
410,513
358,112
Total liabilities and equity
952,193
987,496
1,005,448
1,013,607
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.
Time Plot
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