XML 49 R31.htm IDEA: XBRL DOCUMENT v3.25.1
Revenue information
 12 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
Revenue information Contract liabilities
Contract liabilities consisted of the following:
As of December 31,
20232024
RMBRMB
Current liabilities – third parties621 6,357 
Current liabilities – related parties207,017 150,452 
Non-current liabilities – third parties2 20 
Non-current liabilities – related parties133,993 37,324 
Contract liabilities, current and non-current 341,633 194,153 
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 or 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 RMB321,215 and RMB181,140 for the years ended December 31, 2023 and 2024, respectively.
As of December 31, 2023 and 2024, the aggregated amounts of the transaction price allocated to the remaining performance obligation under the Group’s existing contracts are RMB341,633 and RMB194,153, respectively.
As of December 31, 2024, revenue expected to be recognized in the future related to the unsatisfied performance obligations is as follows:
Year ending December 31,Amount
2025156,809 
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,
202220232024
RMBRMBRMB
Sales of goods revenues 2,433,964 3,311,507 4,405,485 
Automotive computing platform 1,690,569 2,733,964 3,867,356 
SoC Core Modules660,554 496,939 532,946 
Automotive merchandise and other products 82,841 80,604 5,183 
Software license revenues404,469 444,830 305,985 
Service revenues 723,561 943,336 849,796 
Automotive computing Platform – Design and development service 468,770 677,651 565,855 
Connectivity service212,738 221,631 246,139 
Other services 42,053 44,054 37,802 
Total revenues3,561,994 4,699,673 5,561,266 
Timing of revenue recognition:
Year ended December 31,
20222023 2024
RMBRMBRMB
Point in time 3,349,256 4,478,042 5,315,127 
Over time 212,738 221,631 246,139 
Total revenues 3,561,994 4,699,673 5,561,266 
For the years ended December 31, 2022, 2023 and 2024, 98.1%, 98.2% and 97.6% of the Group’s revenues were generated in the PRC.