What is the market cap of Zeekr Stock in 2024? What is the liquidity of Zeekr Stock in 2024?
[Table Level]  
- Table Title: Changes in Shareholders' Deficit for company Intelligent Technology Holding Limited  
- Table Summary: The table details the changes in the shareholders' deficit for company Intelligent Technology Holding Limited over the year ending December 31, 2024. It provides information on ordinary shares, preferred shares, treasury shares, additional paid-in capital, accumulated deficit, and shareholder interests, among other metrics. The data illustrates adjustments due to share issuance, conversion, net losses, and other compensatory actions.  
- Context: This table continues from prior statements outlining changes in shareholders' deficit for company Intelligent Technology Holding Limited from the start of 2024. It is accompanied by notes that are part of company Intelligent Technology Holding Limited's consolidated financial statements and precedes similar financial statements for cash flows through 2022 to 2024.  
- Special Notes: All financial amounts are presented in RMB and the amounts are listed in thousands, excluding share and per-share data. Specific financial transactions such as IPOs and currency adjustments are marked throughout.  

[Row Level]  
Row 1: As of January 1, 2024, there were 2,000,000,000 ordinary shares outstanding with a base value of RMB 2,584 and 265,846,254 preferred shares valued at RMB 362. The additional paid-in capital stood at RMB 11,213,798, with an accumulated deficit of RMB (20,865,686). The total shareholders' deficit amounted to RMB (8,678,600).  

Row 2: Following an initial public offering, 241,500,000 ordinary shares were issued, bringing in RMB 349, while incurring issuance costs of RMB 79,138. This transaction increased additional paid-in capital by RMB 3,464,995. The total company deficit decreased to RMB (9,631,387), and the total deficit shifted to RMB 3,465,344.  

Row 3: Upon the IPO consummation, 265,846,254 preferred shares were converted into ordinary shares, altering their value by RMB (362) each, thus eliminating their individual outstanding values in favor of the increased ordinary shares category.  

Row 4: An additional 45,555,414 shares were issued on vesting RSUs at RMB 66, contributing to the shares outstanding balance and maintaining the total shareholders' deficit at RMB 66.  

Row 5: A repurchase of 10,930,530 ordinary shares occurred without issuing preferred shares. This action resulted in an increase in treasury shares valued at RMB 10,930,530 and contributed RMB (186,812) to the accumulated deficit, while adjusting other values accordingly and leading to a notable deficit change to RMB (6,423,570).  

Row 6: Recorded net loss added a significant RMB (6,423,570) to the accumulated deficit, simultaneously reflecting the total shareholders' deficit as RMB (5,790,649).  

Row 7: Share-based compensation actions attributed an increase of RMB 1,078,296 to additional paid-in capital, yet maintained the current deficit figures and displayed a substantially unchanged position in shareholders’ deficit.  

Row 8: A foreign currency translation adjustment adjusted the accumulated other comprehensive income by RMB (40,474) while leaving total shareholder figures and other aspects largely unaffected or maintained.  

Final Row: As of December 31, 2024, 2,541,971,138 ordinary shares remain outstanding, valued at RMB 3,361 along with total treasury shares totaling 10,930,530 in number with RMB 10,930,530. This concluded the year with an additional paid-in capital recorded as RMB 15,757,089, while accumulated deficits sum to RMB (186,812), and total shareholders’ deficit now holds at RMB (10,152,829). [Table Level]  
- Table Title: Condensed Balance Sheets as of December 31, 2023 and 2024  
- Table Summary: The table presents condensed balance sheets for the company as of December 31 for the years 2023 and 2024, with values expressed in RMB for both years and additionally in US$ for 2024. It itemizes assets, liabilities, and shareholders' deficit.  
- Context: The table is part of a financial statement schedule, detailing the financial position of the company, following a mergers and acquisitions financing agreement related to the acquisition of Lynk&Co, which included loans with varying maturities, secured by Geely Holding.  
- Special Notes: Amounts are presented in thousands, except for share and per share data. The 2024 figures are provided in both RMB and US$. Note 2d is referenced regarding US$ values.  

[Row Level]  
Row 1: In 2023, cash and cash equivalents for the company totaled RMB225,908 thousand, whereas in 2024, cash and cash equivalents significantly increased to RMB646,933 thousand and correspond to US$88,629 thousand.  
Row 2: Other current assets decreased sharply from RMB25,641 thousand in 2023 to RMB2,284 thousand in 2024, which is equivalent to US$313 thousand.  
Row 3: Amounts due from subsidiaries were RMB7,012 thousand in 2023 and increased to RMB52,343 thousand in 2024, translating to US$7,171 thousand.  
Row 4: Total assets of the company rose from RMB258,561 thousand in 2023 to RMB701,560 thousand in 2024, equal to US$96,113 thousand.  
Row 5: Amounts due to subsidiaries were non-applicable for 2023 but amounted to RMB245,411 thousand in 2024, corresponding to US$33,621 thousand.  
Row 6: Amounts due to related parties in 2023 were unlisted; in contrast, they reached RMB172 thousand in 2024, which is US$24 thousand.  
Row 7: Accruals and other current liabilities increased from RMB8,488 thousand in 2023 to RMB16,721 thousand in 2024, equal to US$2,291 thousand.  
Row 8: Deficits of investments in subsidiaries were RMB9,881,460 thousand in 2023 and increased to RMB12,177,793 thousand in 2024, converting to US$1,668,351 thousand.  
Row 9: Total liabilities increased from RMB9,889,948 thousand in 2023 to RMB12,440,097 thousand in 2024, corresponding to US$1,704,287 thousand.  
Row 10: Ordinary shares were valued at RMB2,584 thousand in 2023 and increased to RMB3,361 thousand in 2024, translating to US$460 thousand.  
Row 11: Preferred shares were RMB362 thousand in 2023 and marked as not applicable afterwards.  
Row 12: Additional paid-in capital rose dramatically from RMB11,213,798 thousand in 2023 to RMB15,757,089 thousand in 2024, equal to US$2,158,712 thousand.  
Row 13: The value of treasury shares was not applicable in 2023 and was RMB(186,812) thousand in 2024, which corresponds to US$(25,593) thousand.  
Row 14: Accumulated deficits were RMB(20,865,686) thousand in 2023, increasing adversely to RMB(27,289,256) thousand in 2024, signifying US$(3,738,613) thousand.  
Row 15: Accumulated other comprehensive loss amounted to RMB17,555 thousand in 2023 and fell to RMB(22,919) thousand in 2024, equal to US$(3,140) thousand.  
Row 16: Total shareholders’ deficit worsened from RMB(9,631,387) thousand in 2023 to RMB(11,738,537) thousand in 2024, amounting to US$(1,608,174) thousand.  
Row 17: Total liabilities and shareholders’ deficit remained consistent with total assets, concluding at RMB258,561 thousand in 2023 and increasing to RMB701,560 thousand in 2024, equal to US$96,113 thousand. [Table Level]
- Table Title: Cash Flows from Financing and Related Activities
- Table Summary: This table details the cash flows from various financing activities for company Intelligent Technology Holding Limited for the years ended December 31, 2022, 2023, and 2024. It includes proceeds and repayments from different financing sources and ends with the effects on cash, cash equivalents, and any associated restrictions. Supplementary disclosures are also included to highlight non-cash and financing activities.
- Context: Before the table, the context outlines adjustments for net cash from operating activities and briefly discusses cash flow from investing. The table details are part of the combined and consolidated statements of cash flows for company.
- Special Notes: The data is presented in thousands, and different currencies (RMB and USD) are used along with specific notes for certain lines, such as Note 2(d).

[Row Level]
Row 1: In 2024, proceeds from the initial public offering, net of issuance costs of RMB 79,138, amounted to RMB 3,465,344 or USD 474,750.
Row 2: Proceeds from the issuance of preferred shares, accounting for issuance costs of RMB 1,690, RMB 2,134, and nil in 2022, 2023, and 2024 respectively, were RMB 1,268,360 in 2022 and RMB 5,373,044 in 2023.
Row 3: Proceeds from short-term bank borrowings were RMB 147,000 in 2022, RMB 30,200 in 2024, which equals USD 4,137.
Row 4: Repayment of short-term bank borrowings totaled RMB 751,359 in 2022 and RMB 200 in 2024, equating to USD 27.
Row 5: In 2022, proceeds from long-term bank borrowings were RMB 972,042, while in 2024 they were RMB 414,480, or USD 56,784.
Row 6: Repayment of long-term bank borrowings stood at RMB 972,042 in 2022.
Row 7: There was a repurchase of ordinary shares amounting to RMB 186,746 in 2023 and USD 25,584 in 2024.
Row 8: Proceeds from related party loans were RMB 7,800,000 in 2022 and RMB 3,000,000 in 2023, totaling USD 410,998.
Row 9: Repayments of related party loans grew to RMB 5,375,727 in 2023, RMB 4,100,000 in 2024, or USD 561,698.
Row 10: Net cash provided by (used in) financing activities showed RMB 5,373,325 in 2022, a decrease of RMB 2,683 in 2023, and RMB 2,623,078 in 2024, equating to USD 359,360.
Row 11: There was a net decrease of RMB 157,219 in cash, cash equivalents, and restricted cash in 2022, an increase of RMB 313,898 in 2023, and RMB 4,898,448 in 2024, equivalent to USD 671,086.
Row 12: Cash, cash equivalents, and restricted cash at the beginning of the year was RMB 3,897,966 in 2022, RMB 3,754,904 in 2023, and RMB 4,104,749 in 2024, translating to USD 562,348.
Row 13: The effect of exchange rate changes on cash, cash equivalents, and restricted cash resulted in RMB 14,157 in 2022, RMB 35,947 in 2023, while there was a decrease of RMB 41,545 in 2024, equaling USD 5,693.
Row 14: Cash, cash equivalents, and restricted cash at the end of the year was RMB 3,754,904 in 2022, RMB 4,104,749 in 2023, RMB 8,961,652 in 2024, or USD 1,227,741.
Row 15: Supplementary disclosure of cash flow information includes cash paid for income tax which was RMB 80,342 in 2022, RMB 120,078 in 2023, RMB 494,699 in 2024, or USD 67,773.
Row 16: Interest paid stood at RMB 60,808 in 2022, RMB 209,571 in 2023, RMB 179,567 in 2024, equivalent to USD 24,601.
Row 17: Supplementary disclosure of non-cash investing and financing activities highlights accrued purchases of property and equipment amounting to RMB 398,648 in 2022, RMB 497,651 in 2023, RMB 405,470 in 2024, or USD 55,549.
Row 18: Accrued purchases of intangible assets amounted to RMB 21,410 in 2024, or USD 2,933.
Row 19: Amounts due from related parties in connection with the disposal of property and equipment was RMB 122,115 in 2023. The American Depositary Shares (ADSs) representing the company's ordinary shares have been listed on the New York Stock Exchange under the symbol “ZK” since May 10, 2024. Each ADS represents ten of the company's ordinary shares, par value US\$0.0002 per share. Under the current Hong Kong Inland Revenue Ordinance, the company's Hong Kong subsidiaries are subject to 16.5% Hong Kong profit tax on their taxable income generated from operations in Hong Kong. Additionally, payments of dividends by the company's Hong Kong subsidiaries to the company are not subject to any Hong Kong withholding tax. The American Depositary Shares (ADSs) may not be offered or sold in Hong Kong by means of any document other than (i) to “professional investors” as defined in the Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong) and any rules made under that Ordinance, or (ii) in other circumstances which do not result in the document being a “prospectus” as defined in the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32, Laws of Hong Kong) or which do not constitute an offer to the public within the meaning of that Ordinance. No advertisement, invitation or document relating to the American Depositary Shares may be issued or may be in the possession of any person for the purpose of issue, whether in Hong Kong or elsewhere, which is directed at, or the contents of which are likely to be accessed or read by, the public of Hong Kong (except if permitted to do so under the securities laws of Hong Kong) other than with respect to American Depositary Shares which are or are intended to be disposed of only to persons outside Hong Kong or only to “professional investors” as defined in the Securities and Futures Ordinance and any rules made under that Ordinance. [Table Level]
- Table Title: Fees and Responsibilities related to American Depositary Shares (ADS) Holders
- Table Summary: The table outlines the various fees associated with American Depositary Shares (ADSs) and the services provided by the depositary. It specifies charges per ADS or group of ADSs for issuance, withdrawal, distribution, and other services.
- Context: The surrounding context discusses voting rights issues regarding ADSs and fee collection mechanisms by the depositary, highlighting potential limitations on shareholder actions and the methodology of fee collections.
- Special Notes: The fees listed include specific amounts or caps with notations such as (or less). Footnotes mention currency conversion and taxation implications.

[Row Level]
Row 1: American Depositary Shares (ADS) holders are required to pay $5.00 (or less) for every 100 ADSs (or a portion of 100 ADSs), applicable for actions such as the issuance of ADSs, including scenarios involving distribution of shares, rights, or other property.
Row 2: A fee of $0.05 (or less) per ADS is charged, which corresponds to a fee that would normally apply if the distributed securities were shares deposited for ADS issuance.
Row 3: American Depositary Shares (ADS) holders must pay $0.05 (or less) per ADS annually; this includes fees for registration or transfer of ADSs.
Row 4: An ongoing experience of the depositary involves certain specified costs, listing activities like depositary services, transfer, and registration of shares, including converting foreign currency to U.S. dollars.
Row 5: The table outlines taxes and other governmental charges that may apply, such as stock transfer taxes and stamp duties that the depositary or custodian may incur.
Row 6: Any charges incurred by the depositary or its agents for servicing the deposited securities may apply as necessary, addressing actions like cable and facsimile transmissions when specified in the deposit agreement. The company's primary sources of liquidity have been through the operation of the business, financial support from the controlling shareholder, bank borrowings, and equity financing activities, which have historically been sufficient to meet working capital needs, business requirements, in particular research and development activities, as well as capital expenditure requirements. As of December 31, 2022, 2023, and 2024, the company had cash and cash equivalents and restricted cash of RMB3,754.9 million, RMB4,104.7 million, and RMB8,961.7 million (US$1,227.7 million). Historically, the company received financial support from Geely Holding in the form of inter-company loans, advances, and capital injection. On April 15, 2022, Zhejiang ZEEKR entered into a 10-year loan agreement with Zhejiang Geely Automobile Manufacturing Co., Ltd. in the total principal amount of RMB9.7 billion to supplement the company's working capital, and the company has no outstanding balance as of December 31, 2024. On November 30, 2022, the company's subsidiary Ningbo Viridi entered into another 10-year loan with Zhejiang Geely Automobile Manufacturing Co., Ltd. in the total principal amount of RMB1.6 billion to supplement its working capital, and Ningbo Viridi has no outstanding balance as of December 31, 2024. As of December 31, 2024, the company has obtained term loan credit facilities in the total principal amount of RMB27.6 billion from 18 commercial banks, of which RMB14.6 billion is unused. The company is also proactively seeking capital resources from other sources, such as independent financing from other financial institutions that the company is able to obtain.
The company's total revenue amounted to RMB6,527.5 million, RMB31,899.4 million, and RMB51,672.6 million (US$7,277.9 million) in 2021, 2022, and 2023, respectively, with a gross profit margin of 15.9%, 7.7%, and 13.3%, respectively. The company recorded a net loss of RMB4,514.3 million, RMB7,655.1 million, and RMB8,264.2 million (US$1,164.0 million) in 2021, 2022, and 2023, respectively. The company is a fast-growing BEV technology company. Through developing and offering next-generation premium BEVs and technology-driven solutions, the company aspires to lead the electrification, intelligentization, and innovation of the automobile industry. Since its inception, the company has focused on innovation and technological advancement in BEV architecture, hardware, software, and application of new technologies. The company's efforts are backed by strong in-house R&D capabilities, high operational flexibility, and a flat, efficient organizational structure. Together, these features enable fast product development, launch, and iteration, and a series of customer-oriented products and go-to-market strategies. Thus, the company is able to rapidly expand even with a limited operating history. • ZEEKR 001. With an unwavering commitment to the company's mission, the company released ZEEKR 001 in April 2021, a five-seater, cross-over hatchback vehicle model with superior performance and functionality. Targeting the premium BEV market, ZEEKR 001 is the company's first vehicle model and the world’s first mass-produced pure electric shooting brake, according to Frost & Sullivan. ZEEKR 001 is also the first mass-produced BEV model with over $1,000 km CLTC range, according to Frost & Sullivan. The company began the delivery of ZEEKR 001 in October 2021. In February 2024, the company released an upgraded model of ZEEKR 001 (2024 model). The company's gross profit increased by 81.7% from RMB6,850.5 million in 2023 to RMB12,447.5 million (US$1,705.3 million) in 2024, which was primarily due to (i) an increase in gross profit from vehicle sales from RMB5,080.2 million in 2023 to RMB8,650.3 million (US$1,185.1 million) in 2024; (ii) an increase in gross profit from sales of batteries and other components from RMB884.5 million in 2023 to RMB2,312.7 million (US$316.8 million) in 2024; and (iii) an increase in gross profit from research and development services from RMB885.8 million in 2023 to RMB1,484.5 million (US$203.4 million) in 2024. The company's gross profit margin increased from 13.3% in 2023 to 16.4% in 2024. The increase was mainly attributable to the slight growth of the company's vehicle sales business, which had a higher gross profit margin at 15.6% in 2024. The gross profit and gross profit margin for the company in 2024 were RMB9,948.7 million (US$1,363.0 million) and 17.0%, respectively, compared with RMB5,791.9 million and 16.3% in 2023. The increase was primarily attributed to (i) the increase in delivery volume of the company's vehicles together with changes in pricing strategy to align with market dynamics and (ii) procurement savings due to the declining average costs in auto parts and other materials. For the Viridi Segment, the company recorded RMB954.2 million and RMB2,386.6 million (US$327.0 million) in gross profit and recorded gross profit margins of 5.2% and 13.3% in 2023 and 2024, respectively. The increase was primarily due to the growth in overseas sales of battery components, which had higher average gross margins. The company's total revenue amounted to RMB6,527.5 million, RMB31,899.4 million, and RMB51,672.6 million (US$7,277.9 million) in 2021, 2022, and 2023, respectively, with a gross profit margin of 15.9%, 7.7%, and 13.3%, respectively. The company recorded a net loss of RMB4,514.3 million, RMB7,655.1 million, and RMB8,264.2 million (US$1,164.0 million) in 2021, 2022, and 2023, respectively. The company is a fast-growing BEV technology company. Through developing and offering next-generation premium BEVs and technology-driven solutions, the company aspires to lead the electrification, intelligentization, and innovation of the automobile industry. Since its inception, the company has focused on innovation and technological advancement in BEV architecture, hardware, software, and application of new technologies. The company's efforts are backed by its strong in-house R&D capabilities, high operational flexibility, and flat, efficient organizational structure. Together, these features enable fast product development, launch, and iteration, and a series of customer-oriented products and go-to-market strategies. Thus, the company is able to rapidly expand even with a limited operating history. • ZEEKR 001. With an unwavering commitment to its mission, the company released ZEEKR 001 in April 2021, a five-seater, cross-over hatchback vehicle model with superior performance and functionality. Targeting the premium BEV market, ZEEKR 001 is the company's first vehicle model and the world’s first mass-produced pure electric shooting brake, according to Frost & Sullivan. ZEEKR 001 is also the first mass-produced BEV model with over $1,000 km CLTC range, according to Frost & Sullivan. The company began the delivery of ZEEKR 001 in October 2021. In February 2024, the company released an upgraded model of ZEEKR 001 (2024 model). The company had an unstable and volatile financial performance. The company's total revenue increased significantly by RMB24,240.1 million, or approximately 46.9%, from RMB51,672.6 million in 2023 to RMB75,912.7 million (US$10,400.0 million) in 2024. The increase was primarily due to the increase in (i) vehicle sales of RMB21,403.5 million and (ii) sales of batteries and other components of RMB2,101.2 million. The company's total revenue increased significantly by RMB19,773.2 million, or approximately 62.0%, from RMB31,899.4 million in 2022 to RMB51,672.6 million in 2023. The increase was primarily due to the increase in (i) vehicle sales of RMB14,240.5 million and (ii) sales of batteries and other components of RMB4,374.8 million. However, although the company's revenue from vehicle sales and sales of batteries and other components increased significantly, the company might experience volatility or not be able to maintain a similar increase rate, which could adversely affect the company's financial condition and results of operation. Furthermore, as a result of the corresponding rising cost of revenues and increasing operating expenses, the company's net loss decreased by RMB2,473.5 million, where the company recorded a net loss of RMB5,790.6 million (US$793.3 million) in 2024, compared to a net loss of RMB8,264.2 million in 2023. The company incurred a significant increase of RMB609.1 million in net loss and recorded a net loss of RMB8,264.2 million in 2023, compared to a net loss of RMB7,655.1 million in 2022. The company cannot assure you that the company will achieve profitability in the near future as the company is still at an early stage. [Table Level]
- Table Title: Consolidated Balance Sheets as of December 31, 2023 and 2024
- Table Summary: This table presents the consolidated balance sheets for company Intelligent Technology Holding Limited, detailing the accounting figures as of December 31, 2023, and 2024 in RMB, with an additional column converting 2024 figures into USD. It reflects current liabilities and shareholder's deficit with various financial data points compared across the two years.
- Context: The data comes from company's combined and consolidated financial statements, with amounts given in thousands, except for share and per share data. This table is part of a broader financial summary covering multiple years of operation.
- Special Notes: The currency in the table switches from RMB for 2023 and 2024 to USD for 2024, with a note (Note 2(d)) for further clarification.

[Row Level]
Row 1: As of December 31, 2024, company Intelligent Technology Holding Limited had RMB 30,300 and the equivalent of USD 4,151 in this specific financial line item. There is no corresponding figure for December 31, 2023.
Row 2: The line item recorded RMB 4,104,717 for 2023 and slightly decreased to RMB 4,072,312 in 2024. In USD, this amount was 557,904 for 2024.
Row 3: In 2023, company Intelligent Technology Holding Limited reported RMB 5,504,945, which significantly increased to RMB 12,990,599 in 2024. The corresponding amount in USD for 2024 was 1,779,705.
Row 4: For 2023, the account held RMB 16,355,902, whereas in 2024, it reported a decrease to RMB 14,509,628. The USD equivalent for 2024 was 1,987,811.
Row 5: RMB 108,083 was noted in 2023, and this amount reduced to RMB 60,856 in 2024. The equivalent in USD for 2024 was 8,337.
Row 6: As of December 31, 2023, an amount of RMB 6,243,956 was recorded, increasing to RMB 8,478,772 in 2024, with the USD equivalent being 1,161,587.
Row 7: The total for these line items for 2023 was RMB 32,317,603, rising to RMB 40,142,467 in 2024, with the USD figure for 2024 being 5,499,495.
Row 8: There was no figure for 2023, but 2024 recorded RMB 414,180 and USD 56,742 in this line item.
Row 9: The 2023 value was RMB 1,807,159, reduced to RMB 1,491,486 in 2024. This amount in USD for 2024 was 204,333.
Row 10: An amount of RMB 1,100,000 was listed for 2023, with no corresponding 2024 or USD equivalent.
Row 11: The line item read RMB 563,001 in 2023, increasing to RMB 718,164 in 2024, with the USD equivalent being 98,388.
Row 12: In 2023, the figure was RMB 8,337, and it rose to RMB 57,252 in 2024. The USD equivalent was 7,843 for 2024.
Row 13: The total for these line items was RMB 3,478,497 for 2023, decreasing to RMB 2,681,082 in 2024, with the USD for 2024 equating to 367,306.
Row 14: The grand total for all items was RMB 35,796,100 in 2023, increasing to RMB 42,823,549 in 2024, with the USD equivalent for 2024 being 5,866,801. The company's total revenue amounted to RMB6,527.5 million, RMB31,899.4 million, and RMB51,672.6 million (US$7,277.9 million) in 2021, 2022, and 2023, respectively, with a gross profit margin of 15.9%, 7.7%, and 13.3%, respectively. The company recorded a net loss of RMB4,514.3 million, RMB7,655.1 million, and RMB8,264.2 million (US$1,164.0 million) in 2021, 2022, and 2023, respectively. The company is a fast-growing BEV technology company. Through developing and offering next-generation premium BEVs and technology-driven solutions, the company aspires to lead the electrification, intelligentization, and innovation of the automobile industry. Since its inception, the company has focused on innovation and technological advancement in BEV architecture, hardware, software, and application of new technologies. The company's efforts are backed by strong in-house R&D capabilities, high operational flexibility, and a flat, efficient organizational structure. Together, these features enable fast product development, launch, and iteration, and a series of customer-oriented products and go-to-market strategies. Thus, the company is able to rapidly expand even with a limited operating history. As a testament to the popularity of the company's current vehicle models and its capabilities, the company has achieved a total delivery of 10,000 units of the ZEEKR 001 in less than four months after the initial delivery, which, according to Frost & Sullivan, is one of the fastest among the major mid- to high-end new energy vehicle (NEV) models and premium battery electric vehicle (BEV) models in China. In October 2022, the company delivered 10,119 units of the ZEEKR 001 to the market, making it the first pure-electric premium vehicle model manufactured by a Chinese BEV brand with over. The company's total revenue amounted to RMB6,527.5 million, RMB31,899.4 million, and RMB51,672.6 million (US$7,277.9 million) in 2021, 2022, and 2023, respectively, with a gross profit margin of 15.9%, 7.7%, and 13.3%, respectively. The company recorded a net loss of RMB4,514.3 million, RMB7,655.1 million, and RMB8,264.2 million (US$1,164.0 million) in 2021, 2022, and 2023, respectively. The company is a fast-growing BEV technology company. Through developing and offering next-generation premium BEVs and technology-driven solutions, the company aspires to lead the electrification, intelligentization, and innovation of the automobile industry. Since its inception, the company has focused on innovation and technological advancement in BEV architecture, hardware, software, and application of new technologies. The company's efforts are backed by strong in-house R&D capabilities, high operational flexibility, and a flat, efficient organizational structure. Together, these features enable fast product development, launch, and iteration, as well as a series of customer-oriented products and go-to-market strategies. Thus, the company is able to rapidly expand even with a limited operating history. As a testament to the popularity of the company's current vehicle models and its capabilities, the company has achieved a total delivery of 10,000 units of the ZEEKR 001 in less than four months after the initial delivery, which, according to Frost & Sullivan, is one of the fastest among the major mid- to high-end new energy vehicle (NEV) models and premium battery electric vehicle (BEV) models in China. In October 2022, the company delivered 10,119 units of the ZEEKR 001 to the market, making it the first pure-electric premium vehicle model manufactured by a Chinese BEV brand with over. company Innovation currently holds a 100% equity interest in company Tech EU through Zhejiang ZEEKR. In November 2022, company launched its second BEV model, company 009, and started delivery in January 2023. company later launched and started the delivery of company 009 Grand, a luxury version of company 009 featuring enhanced safety, privacy, and intelligence, in May 2024. In April 2023, company launched the company X, its compact SUV model, and began to deliver the company X in June 2023. In January 2024, company started to deliver its first upscale sedan model targeting tech-savvy adults and families. In May 2024, company Innovation completed an initial public offering and was listed on the New York Stock Exchange under the symbol “ZK.” In June 2024, company officially expanded its presence into the Southeast Asia market. In September 2024, company officially unveiled and began the delivery of its premium electric five-seater SUV, the company 7X. In October 2024, company officially launched and commenced deliveries of the company MIX. ```
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``` [Table Level]
- Table Title: Loss per Share Analysis for the Years Ended December 31, 2022, 2023, and 2024
- Table Summary: This table presents the financial outcomes related to the company's net loss per share for the fiscal years 2022, 2023, and 2024. It details figures for net losses from consolidated entities, net income attributable to non-controlling interests, and the net losses attributable to ordinary shareholders. Additionally, it demonstrates the weighted average number of shares and calculates both basic and diluted net loss per share.
- Context: The context discusses significant financial activities of the Group, including related party transactions and loans, along with their completion and outstanding balances. It also explains the net loss from consolidated entities and provides background on excluded share units and preferred shares affecting net loss per share calculations.
- Special Notes: The amounts are presented in thousands; share data and per share data use specific formatting. The negative values indicate net losses.

[Row Level]
Row 1: In 2022, the net loss from consolidated entities amounted to RMB 7,651,854, which increased to RMB 8,264,191 in 2023, and then decreased to RMB 5,790,649 in 2024.
Row 2: Net income attributable to Ningbo Viridi as a non-controlling interest (NCI) was RMB 278,633 in 2022, then reduced to RMB 82,789 in 2023, and increased significantly to RMB 632,921 in 2024.
Row 3: The net loss attributable to ordinary shareholders of the company was recorded as RMB 7,930,487 in 2022, increased to RMB 8,346,980 in 2023, and reduced to RMB 6,423,570 in 2024.
Row 4: The weighted average number of ordinary shares outstanding, both basic and diluted, remained constant at 2,000,000,000 shares in 2022 and 2023, increasing to 2,353,015,830 shares by 2024.
Row 5: The basic net loss per share attributable to ordinary shareholders of the company was RMB (3.97) in 2022, increased to RMB (4.17) in 2023, and then improved to RMB (2.73) in 2024.
Row 6: Similarly, the diluted net loss per share for ordinary shareholders of the company mirrored the basic calculation: RMB (3.97) in 2022, rising to RMB (4.17) in 2023, and decreasing to RMB (2.73) in 2024. Net loss from consolidated entities represents the net loss generated by each entity acquired as part of the company's Reorganization since the dates of their respective acquisitions. Balance as of January 1, 2023  
Issuance of preferred shares  
Net loss  
Share-based compensation  
Foreign currency translation adjustment  
Balance as of December 31, 2023 [Table Level]
- Table Title: company Intelligent Technology Holding Limited - Statement of Changes in Shareholders' Deficit for the Year Ended December 31, 2023
- Table Summary: This table outlines the changes in shareholders' deficit for company Intelligent Technology Holding Limited for the year ending December 31, 2023. Key elements include share counts, amounts in RMB for ordinary and preferred shares, additional paid-in capital, accumulated deficit, other comprehensive income, and portions attributed to non-controlling interest.
- Context: The statements presented are integral parts of combined and consolidated financial information, focusing on changes in shareholders’ deficit. Yearly adjustments are captured in this table, contributing to a comprehensive financial overview.
- Special Notes: All financial data is presented in RMB and amounts are stated in thousands. Footnotes specify that details such as share counts and per share data are exceptions to this notation.

[Row Level]
Row 1: As of January 1, 2023, company Intelligent Technology Holding Limited started with 2,000,000,000 ordinary shares valued at 2,584 RMB, and 126,470,585 preferred shares valued at 162 RMB. The additional paid-in capital recorded was 5,705,305 RMB, and the accumulated deficit stood at 12,518,706 RMB. Accumulated other comprehensive loss was 32,210 RMB. company Intelligent Technology Holding Limited's overall deficit was reported as 6,842,865 RMB, while non-controlling interest amounted to 869,998 RMB, culminating in a total shareholders' deficit of 5,972,867 RMB.

Row 2: During the year, preferred shares were further issued, increasing count by 139,375,669 shares leading to an RMB increase of 200, while additional paid-in capital was adjusted to reflect a deduction of 5,372,844 RMB. Accumulated deficit was further adjusted, decreasing by 8,346,980 RMB. Total company Intelligent Technology Holding Limited's deficit was adjusted to show a decrease of 8,346,980 RMB and non-controlling interest increased by 82,789 RMB, affecting total shareholders’ deficit to a decrease of 8,264,191 RMB.

Row 3: Adjustments included an additional increase in paid-in capital by 135,649 RMB, with corresponding improvements to the overall deficit by the same amount. Accumulated comprehensive income increased by 49,765 RMB, improving the overall total company Intelligent Technology Holding Limited's deficit by this amount. Non-controlling interest did not change during this adjustment period. Total shareholders’ deficit was improved further by 135,649 RMB.

Row 4: At table's end on December 31, 2023, the ordinary share count remained at 2,000,000,000 continuing with an evaluation of 2,584 RMB. Preferred share count ended at 265,846,254 with a final valuation of 362 RMB. The total additional paid-in capital finalized at 11,213,798 RMB, while accumulated deficit reached 20,865,686 RMB. Accumulated other comprehensive income settled at 17,555 RMB. company Intelligent Technology Holding Limited's company deficit totaled 9,631,387 RMB, with non-controlling interest at 952,787 RMB. The cumulative total shareholders' deficit ended at 8,678,600 RMB. *[I'm unable to process the image or extract the table information.]* *Table Level*  
- Table Title: company Intelligent Technology Holding Limited Shareholders' Equity Arrangement  
- Table Summary: This table represents the changes in shareholders' equity components for company Intelligent Technology from ordinary shares and preferred shares to various capital accounts, accumulated deficits, and total equity, recorded in RMB, as of certain key dates.  
- Context: The table is part of a financial disclosure detailing company's consolidated balance sheets and statements of operations. Other sections describe financial events such as share issuance, acquisitions, and net losses over the years ending on December 31st.  
- Special Notes: All amounts are in thousands of RMB; noteworthy formatting includes underlining to denote final totals in the table.  

[Row Level]  
Row 1: As of the beginning of the period, company reported 2,000,000,000 ordinary shares valued at 2,584 RMB and 75,882,351 preferred shares valued at 98 RMB. Additional paid-in capital was 4,269,555 RMB, and paid-in capital in combined companies was 697,517 RMB. The accumulated deficit stood at 4,584,927 RMB, while accumulated other comprehensive loss totaled 46,766 RMB. The Total Equity for company Intelligent Technology was 338,061 RMB, with non-controlling interest at 591,365 RMB, constituting a total shareholders' equity of 929,426 RMB.  

Row 2: During the period, there was no change in the number of ordinary shares, while the number of preferred shares increased by 50,588,234, bringing their total to 126,470,585 with a combined valuation added of 64 RMB in preferred shares. Additional paid-in capital increased by 1,268,296 RMB. The accumulated deficit increased by 7,933,779 RMB, and there was a small currency-related change leading to an accumulated other comprehensive income adjustment of 14,556 RMB. Total equity for company Intelligent Technology showed a deficit of 6,842,865 RMB after recognizing a non-controlling interest movement to 869,998 RMB, resulting in a total shareholders' deficit of 5,972,867 RMB by the period end. Balance as of January 1, 2022  
Issuance of preferred shares  
Acquisition of CEVT in connection with the Reorganization (Note 1)  
Net loss  
Share-based compensation  
Foreign currency translation adjustment  
Balance as of December 31, 2022 Accompanying notes are an integral part of these combined and consolidated financial statements for company Intelligent Technology. [Table Level]  
- Table Title: Combined and Consolidated Statement of Changes in Equity for company Intelligent Technology Holding Limited  
- Table Summary: This table outlines the changes in equity for company Intelligent Technology Holding Limited over the years, focusing on the beginning and ending balances and transactions affecting various components such as preferred shares, net loss, and share-based compensation. It includes details like the number and value of ordinary and preferred shares, capital amounts, and the total impact on shareholders' equity.  
- Context: The table is part of the financial statements for company Intelligent Technology, highlighting comprehensive loss and changes in financing and foreign currency translation from 2021 to 2023.  
- Special Notes: Amounts are presented in thousands of RMB. The financial impacts include share issuance, net income/loss, and currency adjustments.  

[Row Level]  
Row 1: As of January 1, 2023, company Intelligent Technology had 2,000,000,000 ordinary shares valued at RMB 2,584 and 126,470,585 preferred shares valued at RMB 162. The additional paid-in capital was RMB 5,705,305, and the accumulated deficit stood at RMB (12,518,706). The total shareholders' equity was reported as RMB (5,972,867).  

Row 2: The issuance of 139,375,669 preferred shares added RMB 200 in value, contributing RMB 5,372,844 to the additional paid-in capital, and increasing the total shareholders' equity by RMB 5,373,044.  

Row 3: The net loss for the period amounted to RMB (8,346,980), decreasing the total shareholders' equity by the same amount.  

Row 4: Share-based compensation contributed RMB 135,649 to the paid-in capital, impacting the total shareholders' equity by RMB 135,649.  

Row 5: A foreign currency translation adjustment resulted in an increase of RMB 49,765 to the accumulated other comprehensive income/loss, thereby increasing the total shareholders' equity by RMB 49,765.  

Row 6: By December 31, 2023, company Intelligent Technology maintained 2,000,000,000 ordinary shares and 265,846,254 preferred shares. The additional paid-in capital reached RMB 11,213,798, while the accumulated deficit widened to RMB (20,865,686). The accumulated other comprehensive income was RMB 17,555, and the total company Intelligent Technology equity showed a deficit of RMB (9,631,387) with a non-controlling interest of RMB 952,787, resulting in a total shareholders' equity of RMB (8,678,600). [Table Level]  
- Table Title: company Intelligent Technology Holding Limited Combined and Consolidated Statements of Comprehensive Loss  
- Table Summary: This table outlines the detailed cash flow statements from operating activities, investing activities, and associated adjustments for company Intelligent Technology Holding Limited over the financial years 2021, 2022, and 2023, with figures displayed in RMB and US dollars. It provides specifics on the reconciliation from net loss to net cash used in operating activities and other pertinent transactions impacted by investing activities.  
- Context: The table is derived from the consolidated financial statements of company Intelligent Technology for the fiscal years ending December 31, 2021, 2022, and 2023. It is part of a larger financial overview including balance sheets, comprehensive profit and loss, and cash flow statements, all accompanied by integral notes.  
- Special Notes: The amounts are recorded in thousands unless otherwise stated. Foreign currency values are converted to US dollars under Note 2(d).  

[Row Level]  
- Row 1: Net loss for the year 2021 was RMB (4,514,292), increasing to RMB (7,655,146) in 2022, and RMB (8,264,191) in 2023. In 2023, when converted to US dollars, the net loss amounted to (1,163,897) according to Note 2(d).  
- Row 2: Share-based compensation was RMB 150,573 in 2021, increased to RMB 211,208 in 2022, and then to RMB 135,649 in 2023, which equaled US$ 19,106.  
- Row 3: Depreciation and amortization rose from RMB 89,838 in 2021 to RMB 239,106 in 2022, further increasing to RMB 618,189 in 2023, or US$ 87,070.  
- Row 4: Deferred taxes for 2021 showed a negative change of RMB (64,424), a positive change of RMB 33,173 in 2022, and a negative change of RMB (39,226) in 2023, equivalent to (5,525) US dollars.  
- Row 5: Gain or loss from disposal of property and equipment altered from RMB (25) in 2021 to RMB 194 in 2022, and RMB 15,088 in 2023, equivalent to US$ 2,125.  
- Row 6: Loss from disposal of intangible assets was not applicable in 2021 and 2022 but was RMB 210 in 2023, or US$ 30.  
- Row 7: Share of loss (income) in equity method investments changed from RMB 16,871 in 2021 to RMB 172,787 in 2022 and negative RMB (86,842) in 2023, which equates to (12,231) US dollars.  
- Row 8: Change in fair value of derivative instruments was null for 2021, RMB 1,178 in 2022, and RMB 358 in 2023, equivalent to US$ 50.  
- Row 9: Foreign exchange loss, net stood at RMB 181,601 for 2021, shifting to RMB (91,222) in 2022, and RMB 9,468 in 2023, or US$ 1,334.  
- Row 10: Reversal provision of allowance for doubtful accounts was RMB (5,454) in 2021, RMB 7,190 in 2022, and RMB (5,814) in 2023, equal to US$ (819).  

Subsequent rows similarly describe the changes in operating assets and liabilities, including values for notes receivable, accounts receivable, inventories, and amounts due from related parties among others. The subsequent section details cash flows from investing activities such as purchases of property, plant, and equipment, investments in equity investees, and proceeds from various disposals. The final lines summarize net cash provided by/used in both operating and investing activities for the stated years and respective currencies. [Table Level]
- Table Title: company Intelligent Technology Holding Limited Combined and Consolidated Balance Sheet
- Table Summary: The table presents the balance sheet of company Intelligent Technology Holding Limited, detailing ordinary and preferred shares, additional paid-in capital, paid-in capital in combined companies, retained earnings, and other comprehensive income for the years ending December 31, 2020, 2021, and 2022. It also includes the total equity for company Intelligent Technology Holding Limited and non-controlling interests, culminating in the total shareholders' equity.
- Special Notes: Values are presented in thousands of RMB, with a focus on share quantities and different equity components.

[Row Level]
Row 1: As of the latest reporting period, company Intelligent Technology Holding Limited holds 2,000,000,000 ordinary shares valued at RMB 2,584 and 75,882,351 preferred shares valued at RMB 98. The additional paid-in capital stands at RMB 4,269,555, with paid-in capital in combined companies listed as RMB 697,517. Retained earnings show a deficit of RMB 4,584,927, and accumulated other comprehensive income registers at a loss of RMB 46,766. The total equity for company Intelligent Technology Holding Limited is RMB 338,061, while non-controlling interest amounts to RMB 591,365, resulting in total shareholders' equity of RMB 929,426.

Row 2: During the reported changes, no value alterations occurred in ordinary shares. However, there was a recent issuance causing preferred shares to increase to a total of 126,470,585 shares, valued at RMB 162, with an additional paid-in capital increase to RMB 5,705,305. Retained earnings (or accumulated deficit) worsened to RMB 12,518,706, while accumulated other comprehensive losses improved slightly to RMB 32,210. company Intelligent Technology Holding Limited's total equity (deficit) reflects a decline, now at RMB 6,842,865, whereas non-controlling interest improved to RMB 869,998, leading to a total shareholders' equity of RMB 5,972,867 in the negative. Issuance of preferred shares  
Acquisition of CEVT in connection with the Reorganization (Note 1)  
Net loss  
Share-based compensation  
Foreign currency translation adjustment  
Balance as of December 31, 2022 Accompanying notes are an integral part of these combined and consolidated financial statements. [Table Level]
- Table Title: company Intelligent Technology Holding Limited Shareholders' Deficit and Total Liabilities as of December 31, 2022, and June 30, 2023
- Table Summary: The table presents the shareholders' deficit and total liabilities for company Intelligent Technology Holding Limited on two specific dates: December 31, 2022, and June 30, 2023. It details ordinary and convertible preferred shares, additional paid-in capital, accumulated deficits, and comprehensive income or loss, highlighting changes over time in RMB and USD.
- Context: The data provided is a condensed financial snapshot of company's balance sheets, focusing primarily on equity aspects for the stated periods. The context indicates that these figures are presented for reader convenience and are subject to specific currency conversion caveats.
- Special Notes: All values are in thousands, except for share and per share amounts. The USD figures are converted using a specific exchange rate, as noted.

[Row Level]
Row 1: As of December 31, 2022, the number of ordinary shares (with a par value of US$0.0002) held by company Intelligent Technology Holding Limited was 2,000,000,000 with an associated value of 2,584 RMB.
Row 2: As of June 30, 2023, the ordinary shares remained at 2,000,000,000, valued at 2,584 RMB or $356 USD.
Row 3: On December 31, 2022, company Intelligent Technology Holding Limited held 126,470,585 convertible preferred shares with an associated value of 162 RMB.
Row 4: By June 30, 2023, the number of convertible preferred shares increased to 261,463,568, with a value of 356 RMB or $49 USD.
Row 5: company Intelligent Technology Holding Limited's additional paid-in capital was recorded at 5,705,305 RMB on December 31, 2022.
Row 6: This amount grew to 10,979,770 RMB by June 30, 2023, and converts to $1,514,180 USD.
Row 7: The accumulated deficits were reported as (12,518,706) RMB as of December 31, 2022.
Row 8: As of June 30, 2023, these deficits increased to (16,402,736) RMB or (2,262,041) USD.
Row 9: company Intelligent Technology Holding Limited experienced an accumulated other comprehensive loss of (32,210) RMB at the end of 2022.
Row 10: By mid-2023, this position reversed to an accumulated other comprehensive income of 14,111 RMB, equivalent to 1,946 USD.
Row 11: The total shareholders' deficit for company Intelligent Technology Holding Limited was (6,842,865) RMB as of December 31, 2022.
Row 12: By June 30, 2023, the shareholders’ deficit reduced to (5,405,915) RMB or (745,510) USD.
Row 13: The non-controlling interest stood at 869,998 RMB on December 31, 2022.
Row 14: This amount increased to 883,450 RMB or 121,833 USD by June 30, 2023.
Row 15: company Intelligent Technology Holding Limited's total shareholders’ deficit was (5,972,867) RMB as of the end of 2022.
Row 16: This reduced to (4,522,465) RMB or a deficit of (623,677) USD by June 30, 2023.
Row 17: The total liabilities and shareholders' deficit totaled 19,477,316 RMB on December 31, 2022.
Row 18: By June 30, 2023, this total was 21,485,258 RMB or 2,962,953 USD. [Table Level]
- Table Title: company Intelligent Technology Holding Limited Condensed Statements of Operations and Comprehensive Loss
- Table Summary: The table provides a detailed breakdown of the financial performance of company Intelligent Technology Holding Limited for the years ending December 31, 2021, 2022, and 2023, including losses from operations, interest income, income before income tax, and comprehensive loss. Data is presented in thousands, excluding per share data unless noted otherwise.
- Context: Prior to this table, the document indicates there have been no subsequent events requiring changes to the financial statements as of March 20, 2024. Following the table, there are sections on cash flow statements and notes to financial statements which elucidate regulatory compliance and financial disclosure requirements.
- Special Notes: Amounts are in thousands and exclude share and per share data unless noted. Negative values indicate losses or expenses.

[Row Level]
Row 1: For 2021, the general and administrative expenses are not specified; for 2022, they were $1,800 thousand; in 2023 they reached $11,237 thousand, and for 2024 they decreased to $1,583 thousand.
Row 2: In 2021, the loss from operations is not given; estimated at $1,800 thousand in 2022, $11,237 thousand in 2023, and $1,583 thousand in 2024.
Row 3: In 2021, interest income was $2,240 thousand, rising to $6,268 thousand in 2022, $25,513 thousand in 2023, and declining to $3,593 thousand in 2024.
Row 4: Other (expenses) income, net was $(152) thousand in 2021 and changed to $1,826 thousand in 2022, $54,782 thousand in 2023, and $7,716 thousand in 2024.
Row 5: Income before income tax expense in 2021 was $2,088 thousand, increased to $6,294 thousand in 2022, $69,058 thousand in 2023, and further increased to $9,726 thousand in 2024.
Row 6: Equity in loss of subsidiaries was $(4,364,657) thousand for 2021, $(7,940,073) thousand in 2022, $(8,416,038) thousand in 2023, and $(1,185,374) thousand in 2024.
Row 7: Net loss for 2021 was $(4,362,569) thousand, decreased to $(7,933,779) thousand by 2022, $(8,346,980) thousand in 2023, and $(1,175,648) thousand in 2024.
Row 8: Other comprehensive (loss) income, net of tax of nil was $(103,405) thousand in 2021; increased to $14,556 thousand in 2022, $49,765 thousand in 2023, before decreasing to $7,009 thousand in 2024.
Row 9: The foreign currency translation adjustment, net tax of nil in 2021 was $(103,405) thousand; changed to $14,556 thousand in 2022, $49,765 thousand in 2023, and was $7,009 thousand in 2024.
Row 10: Total other comprehensive (loss) income in 2021 was $(103,405) thousand, increasing to $14,556 thousand by 2022, $49,765 thousand in 2023, and down to $7,009 thousand in 2024.
Row 11: Total comprehensive loss in 2021 was $(4,465,974) thousand, changing to $(7,919,223) thousand in 2022, $(8,297,215) thousand in 2023, and reducing to $(1,168,639) thousand in 2024. Compensation expenses recognized for share-based payments were as follows: Cost of revenues  
Selling, general and administrative expenses  
Research and development expenses  
Total [Table Level]  
- Table Title: Share-based Compensation Expenses  
- Table Summary: The table represents the share-based compensation expenses for company Intelligent Technology Holding Limited for the years ended December 31, 2022, 2023, and 2024. The expenses are categorized under cost of revenues, selling, general and administrative expenses, and research and development expenses, with total amounts summarized for each year.  
- Context: The document discusses company Intelligent Technology Holding Limited's share-based compensation under a 2021 Incentive Plan, detailing financial allocations over several categories for three consecutive years. It provides information on performance obligations and the conditions attached to share grants.  
- Special Notes: All amounts are in RMB.  

[Row Level]  
Row 1: For the year ended December 31, 2022, the cost of revenues associated with share-based compensation was RMB30,499.  
Row 2: In the same year, expenses under selling, general, and administrative categories amounted to RMB59,913.  
Row 3: For research and development, the expenses were RMB120,796 in 2022.  
Row 4: The total share-based compensation expense for the year 2022 was RMB211,208.  
Row 5: In 2023, the cost of revenues share-based expense was significantly lower at RMB12,591.  
Row 6: The selling, general and administrative expenses amounted to RMB50,812 in 2023.  
Row 7: Research and development costs were RMB72,246 for the same year.  
Row 8: The total for 2023 was RMB135,649.  
Row 9: For the year 2024, the cost of revenues had risen to RMB22,692.  
Row 10: Expenses for selling, general and administrative categories saw a significant increase to RMB448,559.  
Row 11: The research and development expenses further inflated to RMB605,333 in 2024.  
Row 12: Overall, the total share-based compensation expense for 2024 dramatically rose to RMB1,076,584. Net loss  
Other comprehensive loss, net of tax of nil: Foreign currency translation adjustments  
Comprehensive loss  
Less: comprehensive income attributable to non-controlling interest  
Comprehensive loss attributable to shareholders of company Intelligent Technology Holding [Table Level]  
- Table Title: Combined and Consolidated Comprehensive Loss for Years Ended December 31, 2022, 2023, and 2024  
- Table Summary: This table outlines the comprehensive loss figures for company Intelligent Technology Holding Limited over three consecutive years, providing insights into net loss, foreign currency translation adjustments, and comprehensive income attributable to non-controlling interests—all expressed in RMB, with a conversion to US$ for the year 2024. The financial data illustrates company Intelligent Technology Holding Limited's changes in comprehensive loss and the impact on shareholders.  
- Context: The financial data precedes and follows statements that relate to the comprehensive loss and shareholders' deficit for December 31, 2022, 2023, and 2024. The notes accompanying the financial statements are integral for understanding the presented figures.  
- Special Notes: Amounts are in thousands except where otherwise stated. For 2024, figures are also presented in US$, with a note (2(d)) for further context.  

[Row Level]  
Row 1: In 2022, the RMB net loss for company Intelligent Technology Holding Limited was (7,655,146).  
Row 2: In 2023, the RMB net loss for company Intelligent Technology Holding Limited increased to (8,264,191).  
Row 3: In 2024, the RMB net loss for company Intelligent Technology Holding Limited was (5,790,649), while the corresponding amount in US$ was (793,315).  
Row 4: For 2022, foreign currency translation adjustments led to a gain of 14,556, modifying the overall loss to (7,640,590).  
Row 5: In 2023, adjustments yielded a gain of 49,765, reducing the loss to (8,214,426).  
Row 6: The year 2024 saw a currency translation loss of (40,474), affecting the total loss to readjust to (5,831,123) RMB and (5,545) US$.  
Row 7: Comprehensive income attributable to non-controlling interests in 2022 was 278,633, resulting in an attributable loss to shareholders of (7,919,223).  
Row 8: The 2023 equivalent was 82,789, leading to a shareholder attributable loss of (8,297,215).  
Row 9: Finally, in 2024, with an interest of 632,921 in RMB and 86,710 in US$, the attributable loss to shareholders was adjusted to (6,464,044) RMB and (885,570) US$. The company made capital expenditures of RMB919.5 million, RMB1,913.4 million, and RMB1,715.4 million in 2022, 2023, and 2024, respectively. In these periods, the company's capital expenditures were used primarily for property, plant, and equipment, as well as facilities related to sales and marketing activities. Going forward, the company expects to make capital expenditures primarily on properties and manufacturing facilities related to Ningbo Viridi and leasehold improvements for retail stores. Other than what has been included in the capital commitments and contractual obligations discussed below, the company does not expect to incur material costs to accomplish these goals. For RSUs granted to the employees of the company's equity method investees, as there is no proportionate funding by the other investors and the company does not receive any increase in the relative ownership percentage of the equity method investees, the company measures the RSUs at their grant date fair value and records the corresponding amount in additional paid-in capital and long-term investment, according to guidance provided by ASC 323, Stock-Based Compensation Granted to Employees and Nonemployees of an Equity Method Investee. For RSUs granted to employees and management of Geely Auto, Geely Holding, and related companies, the company measures these RSUs at their grant date fair value and records the corresponding amount in additional paid-in capital. Before the consummation of the initial public offering (IPO) in May 2024, the company did not record any compensation expenses for the years ended December 31, 2022, and 2023. Total share-based compensation amounted to RMB1,029,055 (US$ 140,980) relating to the 2021 Incentive Plan and was recorded for the year ended December 31, 2024. A summary of activities of restricted stock units (RSUs) for the years ended December 31, 2022, 2023, and 2024 is presented as follows: Unvested at January 1, 2022  
Granted  
Vested  
Forfeited  
Unvested at January 1, 2023  
Granted  
Vested  
Forfeited  
Unvested at January 1, 2024  
Granted  
Vested  
Forfeited  
Unvested at December 31, 2024  
Expected to vest at December 31, 2024 However, uncertainties remain as to whether and to what extent the market demand and the battery electric vehicle (BEV) supply chain will be affected by the COVID-19 pandemic in the future. In light of the uncertainties in the global market and economic conditions due to the COVID-19 pandemic, the company will continue to evaluate the nature and extent of the impact of the pandemic on its financial condition and liquidity. See also “Risk Factors — Risks Related to the company's Business and Industry — The COVID-19 outbreak has adversely affected, and may continue to adversely affect, the company's results of operations.” However, uncertainties remain as to whether and to what extent the market demand and the battery electric vehicle (BEV) supply chain will be affected by the COVID-19 pandemic in the future. In light of the uncertainties in the global market and economic conditions due to the COVID-19 pandemic, the company will continue to evaluate the nature and extent of the impact of the pandemic on its financial condition and liquidity. See also “Risk Factors — Risks Related to Our Business and Industry — The COVID-19 outbreak has adversely affected, and may continue to adversely affect, the company's results of operations.” For the purpose of this Schedule I, the parent company has continued to reflect its share, based on its proportionate interest, of the losses of subsidiaries regardless of the carrying value of the investment even though the parent company is not obligated to provide continuing support or fund losses. 3) Translations of balances in the Additional Financial Information of the company's Parent Company Financial Statements Schedule I from RMB into US$ as of and for the year ended December 31, 2024 are solely for the convenience of the readers and were calculated at the rate of US$1.00 = RMB7.2993, representing the noon buying rate set forth in the H.10 statistical release of the U.S. Federal Reserve Board on December 31, 2024. No representation is made that the RMB amounts could have been, or could be, converted, realized or settled into US$ at that rate on December 31, 2024, or at any other rate. 4) As of December 31, 2022, 2023 and 2024, there were no material contingencies, significant provisions of long-term obligations, mandatory dividend or redemption requirements of redeemable stocks or guarantees of the company. On December 29, 2016, the Ministry of Finance, the Ministry of Science and Technology, the Ministry of Industry and Information Technology, and the National Development and Reform Commission jointly promulgated the Circular on Adjusting the Subsidy Policies on Promotion and Application of New Energy Vehicles, or the Circular on Adjusting the NEV Subsidy Policies, which became effective on January 1, 2017, to enhance the technical requirements and adjust the subsidy criteria of qualified new energy vehicles in the Recommended NEV Catalog. The Circular on Adjusting the NEV Subsidy Policies caps the subsidy amount from local governments at 50% of the subsidy amount from the central government, and further specifies that national and local subsidies for purchasers purchasing new energy vehicles (except for fuel cell vehicles) from 2019 to 2020 will be reduced by 20% as compared to the then-existing subsidy standards.