XML 57 R42.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Taxation (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Income Tax Disclosure [Abstract] |
Summary of Loss by Tax Jurisdiction | Loss by tax jurisdictions
|  | Years ended December 31, |
|  | 2021 |  |  | 2022 |  |  | 2023 |
|  | RMB |  |  | RMB |  |  | RMB |
Loss from Mainland China operations |  |  | 882,229 |  |  |  | 2,616,828 |  |  |  | 109,968 |
Loss (income) from non-Mainland China operations |  |  | 71,618 |  |  |  | (43,579 | ) |  |  | 38,438 |
Total loss before tax and share of loss of equity method investments |  |  | 953,847 |  |  |  | 2,573,249 |  |  |  | 148,406 |
Summary of Current and Deferred Portion of Income Tax Expenses Included in Consolidated Statements of Operations and Comprehensive Loss | The current and deferred portion of income tax expenses included in the consolidated statements of operations and comprehensive loss are as follows:
|  | Years ended December 31, |
|  | 2021 |  |  | 2022 |  |  | 2023 |
|  | RMB |  |  | RMB |  |  | RMB |
Current tax expenses |  |  | — |  |  |  | 43 |  |  |  | 1,124 |
Deferred tax benefits |  |  | (143,863 | ) |  |  | (111,826 | ) |  |  | (43,654 | )
Total income tax benefits |  |  | (143,863 | ) |  |  | (111,783 | ) |  |  | (42,530 | )
Schedule of Reconciliation of Total Tax Expenses Computed by Applying Respective Statutory Income Tax Rate to Pre-Tax Income | The Group did not incur any current income tax expenses for the years ended December 31, 2021. The reconciliation of total tax expenses computed by applying the respective statutory income tax rate to pre-tax income is as follows:
|  | Years ended December 31, |
|  | 2021 |  |  | 2022 |  |  | 2023 |
|  | RMB |  |  | RMB |  |  | RMB |
PRC income tax rate |  |  | 25.00 | % |  |  | 25.00 | % |  |  | 25.00 | %
Expenses not deductible for tax purposes |  |  | (11.86 | %) |  |  | (20.25 | %) |  |  | (20.63 | %)
Super deduction on technology and content expenses |  |  | 2.83 | % |  |  | 0.68 | % |  |  | 2.85 | %
Effect of preferential tax rate for high-tech enterprises |  |  | 6.25 | % |  |  | (1.84 | %) |  |  | (19.55 | %)
Effect of different tax rates of a subsidiary operating in other jurisdictions |  |  | (1.85 | %) |  |  | 2.01 | % |  |  | (7.33 | %)
Effect of enacted tax rate change of deferred tax liabilities |  |  | — |  |  |  | — |  |  |  | — |
Effect of expired tax loss |  |  | (0.54 | %) |  |  | — |  |  |  | (0.01 | %)
Change in valuation allowance |  |  | (4.62 | %) |  |  | (0.97 | %) |  |  | 71.18 | %
True up |  |  | (0.13 | %) |  |  | (0.29 | %) |  |  | (22.85 | %)
Total |  |  | 15.08 | % |  |  | 4.34 | % |  |  | 28.66 | %
Summary of Deferred Tax Assets and Deferred Tax Liabilities | Deferred tax assets and deferred tax liabilities:
|  | As of December 31, |
|  | 2021 |  |  | 2022 |  |  | 2023 |
|  | RMB |  |  | RMB |  |  | RMB |
Deferred tax assets |  |  |  |  |  |  |  |  |
Tax loss carried forward |  |  | 278,980 |  |  |  | 276,958 |  |  |  | 134,981 |
Deductible temporary differences |  |  | 59,598 |  |  |  | 83,132 |  |  |  | 111,726 |
Allowance for credit losses |  |  | 375 |  |  |  | 250 |  |  |  | 4,111 |
Write-down of inventory |  |  | 649 |  |  |  | 689 |  |  |  | 11,437 |
Unrealized fair value losses for certain investments |  |  | 438 |  |  |  | 3,808 |  |  |  | — |
Impairment loss of long-term investments |  |  | 4,125 |  |  |  | 3,047 |  |  |  | — |
Total deferred tax assets |  |  | 344,165 |  |  |  | 367,884 |  |  |  | 262,255 |
Less: valuation allowance |  |  | (344,165 | ) |  |  | (367,884 | ) |  |  | (262,255 | )
Net deferred tax assets |  |  | — |  |  |  | — |  |  |  | — |
Deferred tax liabilities |  |  |  |  |  |  |  |  |
Identifiable intangible assets and deferred cost acquired |  |  | 223,138 |  |  |  | 111,312 |  |  |  | 67,658 |
Total deferred tax liabilities |  |  | 223,138 |  |  |  | 111,312 |  |  |  | 67,658 |
Movement of Deferred Tax Valuation Allowance | The movement of deferred tax valuation allowance is as follows:
|  | As of December 31, |
|  | 2021 |  |  | 2022 |  |  | 2023 |
|  | RMB |  |  | RMB |  |  | RMB |
Balance at beginning of the year |  |  | 316,360 |  |  |  | 344,165 |  |  |  | 367,884 |
Additions (reductions), net of foreign exchange impacts |  |  | 27,805 |  |  |  | 23,719 |  |  |  | (105,629 | )
Balance at end of the year |  |  | 344,165 |  |  |  | 367,884 |  |  |  | 262,255 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 9 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 12 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_SummaryOfValuationAllowanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration