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Parent-Only Financial Statements | 12 Months Ended
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Dec. 31, 2023
Parent-Only Financial Statements [Abstract] |
Parent-only financial statements | 20. Parent-only financial statements The Company performed a test on the restricted net assets of the consolidated subsidiaries in accordance with Securities and Exchange Commission Regulation S-X Rule 4-08 (e) (3), “General Notes to Financial Statements” and concluded that it was applicable for the Company to disclose the financial information for the parent company only. The subsidiaries did not pay any dividend to the Company for the periods presented. Certain information and footnote disclosures generally included in the financial statements prepared in accordance with U.S. GAAP have been condensed and omitted. These statements should be read in conjunction with the notes to the consolidated financial statements of the Company. Basis of presentation The financial information of the parent company has been prepared using the same accounting policies as set out in the Company’s consolidated financial statements except that the parent company used the equity method to account for investments in its subsidiaries. The following represents condensed financial information of the parent company:
|  | As of December 31,
|  | 2022 |  | 2023
|  | RMB |  | RMB |  | US$
ASSETS/(LIABILITIES) |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | 25,769 |  |  | 1,205,993 |  |  | 170,273 |
Prepayments |  | — |  |  | 13,776 |  |  | 1,945 |
Due from intercompany |  | 380,321,338 |  |  | 456,041,568 |  |  | 64,388,096 |
Investment in subsidiaries |  | (215,932,707 | ) |  | (471,994,335 | ) |  | (66,640,453 | )
TOTAL ASSETS (LIABILITIES) |  | 164,414,400 |  |  | (14,732,998 | ) |  | (2,080,139 | )
SHAREHOLDERS’ EQUITY (DEFICIT) |  |  |  |  |  |  |  |  |
Shareholders’ equity (deficit): |  |  |  |  |  |  |  |  |
Class A ordinary shares ($0.0002 par value; 121,410,923 shares authorized; 27,159,258 and 41,927,302 shares issued as of December 31, 2022 and 2023, respectively; 27,159,258 and 37,242,359 shares outstanding as of December 31, 2022 and 2023, respectively)* |  | 35,425 |  |  | 50,106 |  |  | 7,074 |
Class B ordinary shares ($0.0002 par value; 28,589,078 shares authorized; 28,589,078 shares issued and outstanding as of December 31, 2022 and 2023)* |  | 36,894 |  |  | 36,894 |  |  | 5,209 |
Additional paid-in capital |  | 354,803,564 |  |  | 428,310,028 |  |  | 60,472,705 |
Accumulated deficit |  | (199,207,921 | ) |  | (452,031,693 | ) |  | (63,821,945 | )
Statutory reserves |  | 6,647,109 |  |  | 6,647,109 |  |  | 938,499 |
Accumulated other comprehensive income |  | 2,099,329 |  |  | 2,254,558 |  |  | 318,319 |
TOTAL NANO LABS LTD SHAREHOLDERS’ EQUITY (DEFICIT) |  | 164,414,400 |  |  | (14,732,998 | ) |  | (2,080,139 | )
* After giving effect of the reverse stock split, see Note 1.
|  | For the years ended December 31,
|  | 2021 |  | 2022 |  | 2023
|  | RMB |  | RMB |  | RMB |  | US$
Net revenues |  | — |  |  | — |  |  | — |  |  | — |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |
Selling and marketing expenses |  | 980 |  |  | — |  |  | — |  |  | — |
General and administrative expenses |  | 306,775 |  |  | 5,822,906 |  |  | 471,664 |  |  | 66,594 |
Total operating expenses |  | 307,755 |  |  | 5,822,906 |  |  | 471,664 |  |  | 66,594 |
Loss from operations |  | (307,755 | ) |  | (5,822,906 | ) |  | (471,664 | ) |  | (66,594 | )
Finance income |  | — |  |  | 66,144 |  |  | 110,971 |  |  | 15,668 |
Investment income |  | — |  |  | 53,809 |  |  | — |  |  | — |
Income (loss) from investment in subsidiaries |  | (174,636,729 | ) |  | 36,821,839 |  |  | (252,463,079 | ) |  | (35,645,033 | )
Net income (loss) attributable to Nano Labs Ltd |  | (174,944,484 | ) |  | 31,118,886 |  |  | (252,823,772 | ) |  | (35,695,959 | )
Comprehensive income (loss): |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | (174,944,484 | ) |  | 31,118,886 |  |  | (252,823,772 | ) |  | (35,695,959 | )
Other comprehensive income (loss) |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustment |  | (2,467,327 | ) |  | 4,566,656 |  |  | 155,229 |  |  | 21,917 |
Total comprehensive income (loss) attributable to Nano Labs Ltd |  | (177,411,811 | ) |  | 35,685,542 |  |  | (252,668,543 | ) |  | (35,674,042 | )
|  | For the years ended December 31,
|  | 2021 |  | 2022 |  | 2023
|  | RMB |  | RMB |  | RMB |  | US$
Net cash provided by (used in) operating activities |  | (535,017 | ) |  | 3,911,561 |  |  | 344,012 |  |  | 48,571 |
Net cash used in investing activities |  | (201,554,446 | ) |  | (155,900,936 | ) |  | (68,918,960 | ) |  | (9,730,605 | )
Net cash provided by financing activities |  | 201,251,124 |  |  | 144,043,186 |  |  | 72,802,734 |  |  | 10,278,952 |
Effect of exchange rate changes on cash and cash equivalents |  | 926,910 |  |  | 7,883,387 |  |  | (3,047,562 | ) |  | (430,284 | )
Net increase (decrease) in cash and cash equivalents |  | 88,571 |  |  | (62,802 | ) |  | 1,180,224 |  |  | 166,634 |
Cash and cash equivalents at beginning of the year |  | — |  |  | 88,571 |  |  | 25,769 |  |  | 3,639 |
Cash and cash equivalents at end of the year |  | 88,571 |  |  | 25,769 |  |  | 1,205,993 |  |  | 170,273 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480922/205-10-S99-6 Reference 3: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-11 + Details
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