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CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
CNY (¥)
¥ / shares
shares
Dec. 31, 2023
USD ($)
$ / shares
shares
Dec. 31, 2022
CNY (¥)
¥ / shares
shares
Dec. 31, 2021
CNY (¥)
¥ / shares
shares
Revenues        
Total revenues ¥ 4,666,147 $ 657,213 ¥ 3,561,994 ¥ 2,779,063
Total cost of revenues (3,396,118) (478,333) (2,568,115) (1,962,000)
Gross profit 1,270,029 178,880 993,879 817,063
Research and development expenses (including related parties amounts of RMB21,069, RMB60,687 and RMB34,673 for the years ended December 31, 2021, 2022 and 2023, respectively) (1,264,308) (178,074) (1,332,800) (1,209,580)
Selling, general and administrative expenses (including related parties amounts of RMB2,343, RMB2,153 and RMB17,589 for the years ended December 31, 2021, 2022 and 2023, respectively) (928,761) (130,813) (1,310,207) (607,868)
Other income - related parties 7,078 997 22,846 0
Others, net (1,751) (247) (1,939) 207
Total operating expenses (2,187,742) (308,137) (2,622,100) (1,817,241)
Loss from operation (917,713) (129,257) (1,628,221) (1,000,178)
Interest income 30,501 4,296 13,820 13,655
Interest expense (including related parties amounts of RMB131, RMB12,215 and RMB12,163 for the years ended December 31, 2021, 2022 and 2023, respectively) (79,309) (11,170) (44,543) (131,585)
Loss from equity method investments (43,065) (6,066) (71,928) (3,891)
Other non-operating (expenses) income, net (9,237) (1,301) 152,791 (47,898)
Loss before income taxes (1,018,823) (143,498) (1,578,081) (1,169,897)
Income tax (expense) benefit 3,643 513 (29,065) (6,861)
Net loss [1] (1,015,180) (142,985) (1,607,146) (1,176,758)
Net loss attributable to non-redeemable non-controlling interests 74,989 10,562 42,518 1,997
Net loss attributable to redeemable non-controlling interests 0 0 464 806
Net loss attributable to ECARX Holdings Inc. (940,191) (132,423) (1,564,164) (1,173,955)
Accretion of redeemable non-controlling interests 0 0 (714) (1,306)
Net loss available to ECARX Holdings Inc. (940,191) (132,423) (1,564,878) (1,175,261)
Accretion of Redeemable Convertible Preferred Shares 0 0 (354,878) (243,564)
Net loss available to ordinary shareholders ¥ (940,191) $ (132,423) ¥ (1,919,756) ¥ (1,418,825)
Loss per ordinary share        
Basic loss per share, ordinary shares (in RMB per share) | (per share) [1] ¥ (2.79) $ (0.39) ¥ (8.02) ¥ (5.99)
Diluted loss per share, ordinary shares (in RMB per share) | (per share) [1] ¥ (2.79) $ (0.39) ¥ (8.02) ¥ (5.99)
Weighted average number of ordinary shares used in computing loss per ordinary share        
Weighted average number of ordinary shares, basic (in shares) [1] 337,407,225 337,407,225 239,296,386 236,691,093
Weighted average number of ordinary shares, diluted (in shares) [1] 337,407,225 337,407,225 239,296,386 236,691,093
Other comprehensive income (loss):        
Foreign currency translation adjustments, net of nil income taxes ¥ 41,152 $ 5,796 ¥ (391,934) ¥ 4,551
Comprehensive loss (974,028) (137,189) (1,999,080) (1,172,207)
Comprehensive loss attributable to non-redeemable non-controlling interests 74,989 10,562 42,518 1,997
Comprehensive loss attributable to redeemable non-controlling interests 0 0 464 806
Comprehensive loss attributable to ordinary shareholders (899,039) (126,627) (1,956,098) (1,169,404)
Sales of goods revenues        
Revenues        
Total revenues 3,311,507 466,416 2,433,964 1,983,817
Total cost of revenues (2,733,966) (385,071) (1,970,845) (1,749,188)
Software license revenues        
Revenues        
Total revenues 444,830 62,653 404,469 261,265
Total cost of revenues (120,289) (16,942) (126,807) (32,164)
Service        
Revenues        
Total revenues 909,810 128,144 723,561 533,981
Total cost of revenues ¥ (541,863) $ (76,320) ¥ (470,463) ¥ (180,648)
[1] Shares outstanding for all periods reflect the adjustment for Recapitalization.