XML 24 R6.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS DEFICIT
¥ in Thousands, $ in Thousands
CNY (¥)
USD ($)
Suzhou Photon-Matrix
CNY (¥)
Class A Ordinary Shares
shares
Class B Ordinary Shares
shares
Parent [Member]
CNY (¥)
Common Stock
CNY (¥)
shares
Common Stock
Class A Ordinary Shares
CNY (¥)
shares
Common Stock
Class B Ordinary Shares
CNY (¥)
shares
Treasury Stock
CNY (¥)
shares
Additional paid-in capital
CNY (¥)
Accumulated deficit
CNY (¥)
Accumulated other comprehensive income (loss)
CNY (¥)
Noncontrolling interests
CNY (¥)
Noncontrolling interests
Suzhou Photon-Matrix
CNY (¥)
Beginning balance (in shares) at Dec. 31, 2021 | shares [1]             231,237,692 0 0            
Beginning balance, treasury (in shares) at Dec. 31, 2021 | shares [1]                   5,010,420          
Beginning balance at Dec. 31, 2021 ¥ (3,900,046)         ¥ (4,097,326) ¥ 7 ¥ 0 ¥ 0 ¥ 0 ¥ 0 ¥ (4,103,381) ¥ 6,048 ¥ 197,280  
CHANGES IN SHAREHOLDERS' DEFICIT                              
Net loss [2] (1,606,682)         (1,564,164)           (1,564,164)   (42,518)  
Accretion of redeemable noncontrolling interests (714)         (714)           (714)      
Combination of a subsidiary under common control (Note 3.a) (7,178)                         (7,178)  
Share-based compensation (Note 22) 725,651         725,651         725,651        
Add: Capital contribution 10,000                            
Temporary Equity, Accretion to Redemption Value, Adjustment (354,878)         (354,878)         (354,878)        
Reissuance of ordinary shares (in shares) | shares [1]             5,010,420     (5,010,420)          
Deemed Distribution From Restructuring Of Variable Interest Entity (61,921)         (61,921)           (61,921)      
Re-designation of ordinary shares into Class A ordinary shares (in shares) | shares [1]             (193,216,446) 193,216,446              
Re-Designation Of Ordinary Shares To Class A Ordinary Shares, Value             ¥ (6) ¥ 6              
Re-designation of ordinary shares into Class B ordinary shares (in shares) | shares [1]             (43,031,666)   43,031,666            
Re-Designation Of Ordinary Shares To Class B Ordinary Shares, Value             ¥ (1)   ¥ 1            
IPO cost capitalization (270,539)         (270,539)         (270,539)        
Conversion-Lotus convertible notes payable (in shares) | shares [1]               1,052,632              
Stock Issued During Period, Value, Conversion of Convertible Securities 69,600         69,600         69,600        
Geely strategic investment (in shares) | shares [1]               2,000,000              
Stock Issued During Period Value Strategic Investment 139,200         139,200         139,200        
Luminar strategic investment (in shares) | shares [1]               1,500,000              
Stock Issued During Period, Value, Share Exchange 87,615         87,615         87,615        
Conversion of Preferred Shares to Class A and Class B ordinary shares (in shares) | shares [1]               84,795,039 5,929,250            
Stock Issued During Period Value Conversion Of Ordinary Shares 5,492,749         5,492,749   ¥ 3     5,492,746        
Issuance of Class A Ordinary Shares and warrants to COVA shareholders and warrant holders (in shares) | shares [1]               5,870,357              
Issuance Of Ordinary Shares And Warrants Value To Shareholders And Warrant Holders 30,265         30,265         30,265        
Foreign currency translation adjustments, net of nil income taxes (391,934)         (391,934)             (391,934)    
Ending balance (in shares) at Dec. 31, 2022 | shares         48,960,916   0 [1] 288,434,474 [1] 48,960,916 [1]            
Ending balance, treasury (in shares) at Dec. 31, 2022 | shares [1]                   0          
Ending balance at Dec. 31, 2022 (34,456)         (196,396) ¥ 0 ¥ 9 ¥ 1 ¥ 0 5,919,660 (5,730,180) (385,886) 161,940  
CHANGES IN SHAREHOLDERS' DEFICIT                              
Net loss [3] (1,015,495)         (940,506)           (940,506)   (74,989)  
Accretion of redeemable noncontrolling interests 0                            
Share-based compensation (Note 22) 174,025         174,025         174,025        
Add: Capital contribution 2,990         2,990         2,990        
Temporary Equity, Accretion to Redemption Value, Adjustment 0                            
Issuance of Class A ordinary shares under 2022 Share Incentive Plan (in shares) | shares               554,575              
Foreign currency translation adjustments, net of nil income taxes 41,308         41,308             41,308    
Ending balance (in shares) at Dec. 31, 2023 | shares       288,989,049 48,960,916     288,989,049 [4] 48,960,916 [4]            
Ending balance, treasury (in shares) at Dec. 31, 2023 | shares [4]                   0          
Ending balance at Dec. 31, 2023 (831,628)         (918,579)   ¥ 9 ¥ 1 ¥ 0 6,096,675 (6,670,686) (344,578) 86,951  
CHANGES IN SHAREHOLDERS' DEFICIT                              
Net loss [5] (989,870)         (932,315)           (932,315)   (57,555)  
Accretion of redeemable noncontrolling interests 0 $ 0                          
Combination of a subsidiary under common control (Note 3.a) (2,403)   ¥ 14,360     (2,132)         (2,132)     (271) ¥ 14,360
Share-based compensation (Note 22) 133,252         133,252         133,252        
Temporary Equity, Accretion to Redemption Value, Adjustment 0 0                          
Issuance of Class A ordinary shares under 2022 Share Incentive Plan (in shares) | shares [4]               7,180,061              
Issuance of Class A ordinary shares under 2022 Share Incentive Plan (Note 21) 718         718   ¥ 1     717        
Repurchase of ordinary shares (in shares) | shares [4]               (5,003,000)   5,003,000          
Repurchase of ordinary shares (Note 21) (7,435)         (7,435)       ¥ (7,435)          
Foreign currency translation adjustments, net of nil income taxes (18,927) (2,593)       (18,927)             (18,927)    
Ending balance (in shares) at Dec. 31, 2024 | shares       291,166,110 48,960,916     291,166,110 [4] 48,960,916 [4]            
Ending balance, treasury (in shares) at Dec. 31, 2024 | shares [4]                   5,003,000          
Ending balance at Dec. 31, 2024 (1,744,895) $ (239,051)       (1,759,660)   ¥ 10 ¥ 1 ¥ (7,435) 6,214,270 ¥ (7,603,001) ¥ (363,505) ¥ 14,765  
CHANGES IN SHAREHOLDERS' DEFICIT                              
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests ¥ 14,242         ¥ 14,242         ¥ 14,242        
[1] Shares outstanding for all periods reflect the adjustment for Recapitalization.
[2] Excludes net loss attributable to redeemable noncontrolling interests of RMB464 for the year ended December 31, 2022. Retrospectively adjusted to reflect the combination of JICA, as if the combination had been in effect since the inception of common control (refer to Note 3.a).
[3] Retrospectively adjusted to reflect the combinations of JICA and HF EU, as if the combinations had been in effect since the inception of common control (refer to Note 3.a).
[4] Shares outstanding for all periods reflect the adjustment for Recapitalization
[5] Retrospectively adjusted to reflect the combination of HF EU, as if the combination had been in effect since the inception of common control (refer to Note 3.a).