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Summary of significant accounting policies (Tables) | 6 Months Ended
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Jun. 30, 2024
Accounting Policies [Abstract] |
Schedule of subsidiaries | The following table summarizes the results of operations and net assets of HF EU consolidated in these unaudited condensed consolidated financial statements. The amounts are after eliminating transactions between the Group and HF EU.
| As of December 31, |  | As of June 30,
| 2023 |  | 2024
| RMB |  | RMB
Assets |  |  |
Current assets | 39,580 |  |  | 51,551 |
Total assets | 39,580 |  |  | 51,551 |
Liabilities |  |  |
Current liabilities | 36,749 |  |  | 62,743 |
Total liabilities | 36,749 |  |  | 62,743 |
| Six Months Ended June 30,
| 2023 |  | 2024
| RMB |  | RMB
Revenue | 19,164 |  |  | 26,170 |
Cost of revenues | (13,200) |  |  | (40,514) |
Gross profit/(loss) | 5,964 |  |  | (14,344) |
Profit / (loss) from operations | 5,470 |  |  | (17,692) |
Profit / (loss) before income taxes | 5,461 |  |  | (17,395) |
Net profit / (loss) | 5,461 |  |  | (17,395) |
Schedules of concentration of customers and suppliers | The following table summarizes customers with greater than 10.0% of the accounts receivable - related parties, net:
| As of December 31, |  | As of June 30,
| 2023 |  | 2024
Geely Group and its subsidiaries | 86.4 | % |  | 77.5 | %
The following table summarizes customers with greater than 10.0% of the accounts receivable - third parties, net:
| As of December 31, |  | As of June 30,
| 2023 |  | 2024
Customer A, a third party | 42.0 | % |  | 46.5 | %
Customer B, a third party | Less than 10.0% |  | 31.3 | %
Customer C, a third party | 28.6 | % |  | Less than 10.0%
Customer D, a third party | 15.1 | % |  | Less than 10.0%
Customers contributing more than 10.0% of total revenues were as follows:
| Six Months Ended June 30,
| 2023 |  | 2024
Geely Group and its subsidiaries | 72.9 | % |  | 79.4 | %
The revenue above from Geely Group and its subsidiaries excluded the sales of SoC core modules or software licenses by the Group to its third-party customers that were integrated into infotainment and cockpit products and sold by such third-party customers to Geely Group and its subsidiaries. The following table summarizes suppliers with greater than 10.0% of the accounts payable:
| As of December 31, |  | As of June 30,
| 2023 |  | 2024
Supplier A, a third party | 15.7 | % |  | 18.3 | %
Supplier B, a third party | 12.5 | % |  | 16.5 | %
Supplier C, a third party | 22.8 | % |  | 12.3 | %
Suppliers contributing more than 10.0% of total purchases were as follows:
| Six Months Ended June 30,
| 2023 |  | 2024
Supplier A, a third party | 23.1 | % |  | 25.7 | %
Supplier C, a third party | Less than 10.0% |  | 21.2 | %
Supplier B, a third party | 13.2 | % |  | Less than 10.0%
Schedule of prior period reclassifications | The Group has reclassified certain prior period amounts as shown below to make the presentation consistent with current period.
| Six Months Ended June 30, 2023
| Before reclassification |  | After reclassification
| RMB |  | RMB
Selling and marketing expenses | (36,931) |  | (36,931) |  | — |
General and administrative expenses | (377,838) |  | (377,838) |  | — |
Selling, general and administrative expenses | — |  | — |  | (414,769) |
Change in fair value of an equity security | 27,722 |  | 27,722 |  | — |
Change in fair value of warrant liabilities | 4,781 |  | 4,781 |  | — |
Change in fair value of derivative financial assets | 16,189 |  | 16,189 |  | — |
Government grants | 2,695 |  | 2,695 |  | — |
Foreign currency exchange losses, net | (34,668) |  | (34,668) |  | — |
Other non-operating income | — |  |  | 16,719 |

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