XML 25 R4.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
¥ in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2022
CNY (¥)
¥ / shares
shares
Dec. 31, 2022
USD ($)
$ / shares
shares
Dec. 31, 2021
CNY (¥)
¥ / shares
shares
Dec. 31, 2020
CNY (¥)
¥ / shares
shares
Revenues        
Total revenues ¥ 3,557,137 $ 515,736 ¥ 2,779,063 ¥ 2,241,063
Total cost of revenues (2,566,641) (372,127) (1,961,870) (1,689,675)
Gross profit 990,496 143,609 817,193 551,388
Research and development expenses (including related parties: RMB2,118, RMB21,069 and RMB60,687 for the years ended December 31, 2020, 2021 and 2022, respectively) (1,210,871) (175,560) (1,209,385) (706,018)
Selling and marketing expenses (including related parties: RMB192, nil and RMB96 for the years ended December 31, 2020, 2021 and 2022, respectively) (86,597) (12,555) (82,827) (60,643)
General and administrative expenses (including related parties: RMB2,447, RMB2,343 and RMB1,990 for the years ended December 31, 2020, 2021 and 2022, respectively) (1,180,218) (171,116) (506,873) (215,008)
Other income - related parties 22,846 3,312    
Others, net (1,939) (281) 207 (200)
Total operating expenses (2,456,779) (356,200) (1,798,878) (981,869)
Loss from operation (1,466,283) (212,591) (981,685) (430,481)
Interest income (including related parties: nil, RMB717 and RMB9,069 for the years ended December 31, 2020, 2021 and 2022, respectively) 12,444 1,804 11,783 28,480
Interest expenses (including related parties: RMB872, RMB212 and RMB18,808 for the years ended December 31, 2020, 2021 and 2022, respectively) (51,136) (7,414) (131,666) (59,128)
Income (loss) from equity method investments (137,391) (19,920) (2,519) 148
Change in fair value of an equity security (16,843) (2,442)    
Gains on sale of an equity securities 59,728 8,660    
Gains on deconsolidation of a subsidiary 71,974 10,435 10,579  
Change in fair value of warrant liabilities (3,245) (470) (111,299) (39,635)
Government grants 29,330 4,252 4,507 5,998
Foreign currency exchange gains (losses), net (18,216) (2,641) 18,315 54,842
Loss before income taxes (1,519,638) (220,327) (1,181,985) (439,776)
Income tax expense (21,571) (3,128) (3,447) (228)
Net loss (1,541,209) (223,455) (1,185,432) (440,004)
Net loss attributable to non-redeemable non-controlling interests 1,444 209 5,011 345
Net loss attributable to redeemable non-controlling interests 464 67 806  
Net loss attributable to ECARX Holdings Inc. (1,539,301) (223,179) (1,179,615) (439,659)
Accretion of redeemable non-controlling interests (Note 20(b)) (714) (104) (1,306)  
Net loss available to ECARX Holdings Inc. (1,540,015) (223,283) (1,180,921) (439,659)
Accretion of Redeemable Convertible Preferred Shares (354,878) (51,452) (243,564) (101,286)
Net loss available to ordinary shareholders ¥ (1,894,893) $ (274,735) ¥ (1,424,485) ¥ (540,945)
Loss per ordinary share        
Basic | (per share) ¥ (7.92) $ (1.15) ¥ (6.02) ¥ (2.27)
Diluted | (per share) ¥ (7.92) $ (1.15) ¥ (6.02) ¥ (2.27)
Weighted average number of ordinary shares used in computing loss per ordinary share        
Basic | shares [1] 239,296,386 239,296,386 236,691,093 238,591,421
Diluted | shares 239,296,386 239,296,386 236,691,093 238,591,421
Other comprehensive income (loss):        
Foreign currency translation adjustments, net of nil income taxes ¥ (391,934) $ (56,825) ¥ 4,551 ¥ 1,497
Comprehensive loss (1,933,143) (280,280) (1,180,881) (438,507)
Comprehensive loss attributable to non-redeemable non-controlling interests 1,444 209 5,011 345
Comprehensive loss attributable to redeemable non-controlling interests 464 67 806  
Comprehensive loss attributable to ECARX Holdings Inc (1,931,235) (280,004) (1,175,064) (438,162)
Total deficit attributable to ordinary shareholders of the Company        
Revenues        
Accretion of redeemable non-controlling interests (Note 20(b)) (714)   (1,306)  
Accretion of Redeemable Convertible Preferred Shares (354,878)   (243,564) (101,286)
Other comprehensive income (loss):        
Foreign currency translation adjustments, net of nil income taxes (391,934)   4,551 1,497
Sales of goods revenues        
Revenues        
Total revenues 2,434,244 352,932 1,983,817 1,678,234
Total cost of revenues (1,971,125) (285,786) (1,749,188) (1,524,744)
Software license revenues        
Revenues        
Total revenues 404,469 58,642 261,265 71,297
Total cost of revenues (126,807) (18,385) (32,164) (27,926)
Service        
Revenues        
Total revenues 718,424 104,162 533,981 491,532
Total cost of revenues ¥ (468,709) $ (67,956) ¥ (180,518) ¥ (137,005)
[1] Shares outstanding for all periods reflect the adjustment for Recapitalization.