XML 41 R20.htm IDEA: XBRL DOCUMENT v3.24.1
Contract liabilities
 12 Months Ended
Dec. 31, 2023
Contract with Customer, Liability [Abstract]  
Contract liabilities Contract liabilities
Contract liabilities consisted of the following:
As of December 31,
20222023
RMBRMB
Current liabilities – third parties4,706 621 
Current liabilities – related parties316,667 207,017 
Non-current liabilities – third parties70 2 
Non-current liabilities – related parties282,080 133,993 
Contract liabilities, current and non-current 603,523 341,633 
Contract liabilities primarily relate to upfront non-refundable payments from the Group’s customers for the purchase of connectivity services and automotive computing platform products in advance of transfer of control of the products and services under the contract. Amounts that are expected to be recognized as revenues within one-year are included as current contract liabilities while the remaining balance recognized as non-current contract liabilities.
The amount of revenue recognized that was included in the contract liabilities balance at the beginning of the year was RMB159,371, RMB364,004 and RMB321,215 for the years ended December 31, 2021, 2022 and 2023, respectively.
As of December 31, 2022 and 2023, the aggregated amounts of the transaction price allocated to the remaining performance obligation under the Group’s existing contracts are RMB603,523 and RMB341,633, respectively.
As of December 31, 2023, revenue expected to be recognized in the future related to the unsatisfied performance obligations is as follows:
Year ending December 31,Amount
2024207,638 
202596,651 
202636,835 
2027322 
2028187 
The Group has elected the practical expedient not to disclose the information about remaining performance obligations which are part of contracts that have an original duration of one year or less.
Revenue information
Revenues are disaggregated as follow:
Major products/services lines:
Year ended December 31,
202120222023
RMBRMBRMB
Sales of goods revenues 1,983,817 2,433,964 3,311,507 
Automotive computing platform 1,423,548 1,690,569 2,733,964 
SoC Core Modules333,421 660,554 496,939 
Automotive merchandise and other products 226,848 82,841 80,604 
Software license revenues261,265 404,469 444,830 
Service revenues 533,981 723,561 909,810 
Automotive computing Platform – Design and development service 306,358 468,770 677,651 
Connectivity service188,349 212,738 189,540 
Other services 39,274 42,053 42,619 
Total revenues2,779,063 3,561,994 4,666,147 
Timing of revenue recognition:
Year ended December 31,
20212022 2023
RMBRMBRMB
Point in time 2,590,714 3,349,256 4,476,607 
Over time 188,349 212,738 189,540 
Total revenues 2,779,063 3,561,994 4,666,147 
For the years ended December 31, 2021, 2022 and 2023, 97.1%, 98.1% and 98.9% of the Group’s revenues were generated in the PRC.