Property, plant and equipment consisted of the following:

 

   December 31,   December 31, 
   2025   2024 
Permit of land use  $400,734   $391,836 
Building   9,305,653    9,099,045 
Plant, machinery and equipment   27,503,334    26,835,227 
Motor vehicle   271,278    265,255 
Office equipment   400,816    390,434 
Total   37,881,815    36,981,797 
Less: accumulated depreciation   (33,489,851)   (32,098,396)
Property, plant and equipment, net  $4,391,964   $4,883,401 

Historical Timeline

Fiscal YearFiled
2025Apr 1, 2026Showing above
2024Mar 31, 2025
2023Apr 1, 2024
2022Mar 30, 2023
2021Mar 30, 2022
2020Mar 26, 2021
2019Mar 30, 2020
2018Mar 28, 2019
2017Apr 2, 2018
2016Mar 31, 2017
2015Mar 30, 2016

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.