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Summary of significant accounting policies (Tables)

6 Months Ended

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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