2023 Q4 Form 20-F Financial Statement

#000121390024031192 Filed on April 08, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 2022 Q4
Revenue 78.34M cnies $12.74M
YoY Change -92.03%
Cost Of Revenue $25.67M $89.29M
YoY Change -96.59%
Gross Profit -$14.61M -$76.55M
YoY Change -106.35%
Gross Profit Margin -18.65% -600.9%
Selling, General & Admin $9.705M $21.11M
YoY Change -87.5%
% of Gross Profit
Research & Development $12.51M $39.21M
YoY Change -90.51%
% of Gross Profit
Depreciation & Amortization $624.4K
YoY Change 10.71%
% of Gross Profit
Operating Expenses $22.21M $60.32M
YoY Change -89.4%
Operating Profit -$36.82M -$136.9M
YoY Change -278.01%
Interest Expense -$431.0K $1.389M
YoY Change -106.72%
% of Operating Profit
Other Income/Expense, Net $905.8K $2.691M
YoY Change -77.48%
Pretax Income -$35.91M -$132.8M
YoY Change -215.41%
Income Tax -17.39K cnies $0.00
% Of Pretax Income
Net Earnings -252.8M cnies -$132.8M
YoY Change -912.44%
Net Earnings / Revenue -322.75% -1042.34%
Basic Earnings Per Share -$0.61
Diluted Earnings Per Share -$0.61 -$1.19
COMMON SHARES
Basic Shares Outstanding 58.89M shares
Diluted Shares Outstanding 58.89M shares

Balance Sheet

Concept 2023 Q4 2023 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $48.17M $48.17M $87.81M
YoY Change -45.15% -45.15%
Cash & Equivalents $6.800M $48.17M $87.81M
Short-Term Investments $0.00
Other Short-Term Assets 37.91M cnies $28.67M $98.64M
YoY Change -61.57% -70.93% 137.91%
Inventory 12.87M cnies $12.88M $102.2M
Prepaid Expenses 24.39M cnies $71.31M
Receivables $245.5K $1.739M
Other Receivables $0.00 $34.04M
Total Short-Term Assets $17.72M $125.5M $288.7M
YoY Change -93.86% -56.52% -67.69%
LONG-TERM ASSETS
Property, Plant & Equipment 169.7M cnies $177.1M $29.87M
YoY Change 467.88% 492.73% 312.12%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $31.74M $224.8M $78.59M
YoY Change -59.61% 186.05% 379.08%
TOTAL ASSETS
Total Short-Term Assets $17.72M $125.5M $288.7M
Total Long-Term Assets $31.74M $224.8M $78.59M
Total Assets $49.46M $350.3M $367.2M
YoY Change -86.53% -4.61% -59.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.383M $16.88M $15.29M
YoY Change -84.42% 10.35% 438.93%
Accrued Expenses $3.480M $10.49M $4.199M
YoY Change -17.13% 149.87%
Deferred Revenue 107.8M cnies $124.5M
YoY Change -13.37% -86.43%
Short-Term Debt $2.824M $20.00M $0.00
YoY Change
Long-Term Debt Due $481.5K $3.410M $280.0K
YoY Change 71.95% 1117.86%
Total Short-Term Liabilities $34.25M $242.6M $183.6M
YoY Change -81.35% 32.09% -80.3%
LONG-TERM LIABILITIES
Long-Term Debt $16.98M $120.3M $16.67M
YoY Change 1.84% 621.28%
Other Long-Term Liabilities $3.731M $3.731M $2.514M
YoY Change 48.4% 48.4%
Total Long-Term Liabilities $16.98M $124.0M $19.19M
YoY Change -11.51% 546.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $34.25M $242.6M $183.6M
Total Long-Term Liabilities $16.98M $124.0M $19.19M
Total Liabilities $51.75M $365.0M $202.8M
YoY Change -74.48% 79.97% -78.3%
SHAREHOLDERS EQUITY
Retained Earnings -$63.82M -$28.60M
YoY Change 123.13% -87.21%
Common Stock $60.47M 354.8M cnies
YoY Change -82.96% 529694.78%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$2.080M -$14.73M $164.4M
YoY Change
Total Liabilities & Shareholders Equity $49.46M $350.3M $367.2M
YoY Change -86.53% -4.61% -59.64%

Cashflow Statement

Concept 2023 Q4 2023 2022 Q4
OPERATING ACTIVITIES
Net Income -252.8M cnies -$132.8M
YoY Change -912.44%
Depreciation, Depletion And Amortization $624.4K
YoY Change 10.71%
Cash From Operating Activities -$18.85M
YoY Change -52.26%
INVESTING ACTIVITIES
Capital Expenditures $14.89M
YoY Change 491.65%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$14.89M
YoY Change 212.58%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $5.190M $10.28M
YoY Change
Debt Paid & Issued, Net $216.0K
YoY Change 974.61%
Cash From Financing Activities $28.17M
YoY Change 21.86%
NET CHANGE
Cash From Operating Activities -$18.85M
Cash From Investing Activities -$14.89M
Cash From Financing Activities $28.17M
Net Change In Cash -$5.545M
YoY Change -73.55%
FREE CASH FLOW
Cash From Operating Activities -$18.85M
Capital Expenditures $14.89M
Free Cash Flow -$33.74M
YoY Change -19.66%

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><b><i>Use of estimates</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">The preparation of the Company’s consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Significant accounting estimates reflected in the Company’s consolidated financial statements including, but not limited to, inventory write-down, impairment of long-lived assets, valuation allowance for deferred tax assets and share-based compensation.</p>
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CY2023Q4 us-gaap Furniture And Fixtures Gross
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CY2022Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
1550648 cny
CY2023Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
1550648 cny
CY2022Q4 ck0001872302 Transportation Equipment
TransportationEquipment
41014 cny
CY2023Q4 ck0001872302 Transportation Equipment
TransportationEquipment
41014 cny
CY2022Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
16119419 cny
CY2023Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
165221605 cny
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
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CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
9524568 cny
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
21426955 cny
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
169653582 cny
CY2021 us-gaap Depreciation
Depreciation
2510398 cny
CY2022 us-gaap Depreciation
Depreciation
3353055 cny
CY2023 us-gaap Depreciation
Depreciation
3436716 cny
CY2022Q4 us-gaap Land Improvements
LandImprovements
49292208 cny
CY2023Q4 us-gaap Land Improvements
LandImprovements
49292208 cny
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
334865 cny
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
334865 cny
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
909941 cny
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1895785 cny
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
48717132 cny
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
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CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
48717132 cny
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
47731288 cny
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
985844 cny
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
985844 cny
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
985844 cny
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
985844 cny
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
985844 cny
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
42802068 cny
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
47731288 cny
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
3277780 cny
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
11385312 cny
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
6051298 cny
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1867850 cny
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
295564 cny
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
198306 cny
CY2021 us-gaap Lease Cost
LeaseCost
5145630 cny
CY2022 us-gaap Lease Cost
LeaseCost
11680876 cny
CY2023 us-gaap Lease Cost
LeaseCost
6249604 cny
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
5068864 cny
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
5822406 cny
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
4648690 cny
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y7M24D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y6M10D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0624 pure
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0624 pure
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3605781 cny
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1194360 cny
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1194360 cny
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1197632 cny
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
602088 cny
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
7794221 cny
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
583797 cny
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
7210424 cny
CY2022Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
8536985 cny
CY2023Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
7013473 cny
CY2022Q4 us-gaap Deposit Liability Current
DepositLiabilityCurrent
10000000 cny
CY2023Q4 us-gaap Deposit Liability Current
DepositLiabilityCurrent
10000000 cny
CY2023Q4 ck0001872302 Accrued Construction In Progress
AccruedConstructionInProgress
46180063 cny
CY2022Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
13609170 cny
CY2023Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
13604797 cny
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
7253377 cny
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
14179838 cny
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
39399532 cny
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
90978171 cny
CY2023Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
20000000 cny
CY2023Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
148000000 cny
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
3410000 cny
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
4630000 cny
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
5850000 cny
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
7070000 cny
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
8290000 cny
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
94420783 cny
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
123670783 cny
CY2021Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0002
CY2021Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
81000000 cny
CY2021Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
12600000 usd
CY2021Q3 us-gaap Shares Issued
SharesIssued
1895000 shares
CY2021Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
18950000 usd
CY2021Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
122300000 cny
CY2023Q3 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
10000000 usd
CY2023Q3 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
72802000 cny
CY2023Q4 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
5189500 usd
CY2023 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
504557 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.0002
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Maximum Number Of Shares Per Employee
ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesPerEmployee
273155 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Maximum Number Of Shares Per Employee
ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesPerEmployee
5353523 shares
CY2023 ck0001872302 Recipient Employees And Directors Upon Vesting
RecipientEmployeesAndDirectorsUponVesting
895018 shares
CY2023Q4 ck0001872302 Share Based Compensation Arrangement By Share Based Payment Award Unassigned Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardUnassignedShares
214149 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
4.8
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
1.3701 pure
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0151 pure
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2022Q1 ck0001872302 Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsForfeitureRate
0 pure
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9329484 cny
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
712184 cny
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.10 pure
CY2023 ck0001872302 Percentage Of Reserve Capital
PercentageOfReserveCapital
0.50 pure
CY2022 ck0001872302 Statutory Reserve
StatutoryReserve
6647109 cny
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
312386 shares
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-174944484 cny
CY2022 us-gaap Net Income Loss
NetIncomeLoss
31118886 cny
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-252823772 cny
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
44938990 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53244500 shares
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
58885071 shares
CY2021 us-gaap Basic Earnings Per Share Adjustment Pro Forma
BasicEarningsPerShareAdjustmentProForma
-3.89
CY2022 us-gaap Basic Earnings Per Share Adjustment Pro Forma
BasicEarningsPerShareAdjustmentProForma
0.58
CY2023 us-gaap Basic Earnings Per Share Adjustment Pro Forma
BasicEarningsPerShareAdjustmentProForma
-4.29
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-174944484 cny
CY2022 us-gaap Net Income Loss
NetIncomeLoss
31118886 cny
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-252823772 cny
CY2021 ck0001872302 Weighted Average Number Diluted Shares Outstanding Before Adjustment
WeightedAverageNumberDilutedSharesOutstandingBeforeAdjustment
44938990 shares
CY2022 ck0001872302 Weighted Average Number Diluted Shares Outstanding Before Adjustment
WeightedAverageNumberDilutedSharesOutstandingBeforeAdjustment
53244500 shares
CY2023 ck0001872302 Weighted Average Number Diluted Shares Outstanding Before Adjustment
WeightedAverageNumberDilutedSharesOutstandingBeforeAdjustment
58885071 shares
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
63105 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44938990 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53307605 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
58885071 shares
CY2021 us-gaap Diluted Earnings Per Share Pro Forma
DilutedEarningsPerShareProForma
-3.89
CY2022 us-gaap Diluted Earnings Per Share Pro Forma
DilutedEarningsPerShareProForma
0.58
CY2023 us-gaap Diluted Earnings Per Share Pro Forma
DilutedEarningsPerShareProForma
-4.29
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-17394 cny
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-17394 cny
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
63038127 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
77373944 usd
CY2022Q4 ck0001872302 Accrued Expense And Others
AccruedExpenseAndOthers
-29335373 usd
CY2023Q4 ck0001872302 Accrued Expense And Others
AccruedExpenseAndOthers
-282843 usd
CY2022Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
47198866 usd
CY2023Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
51027391 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
80901620 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
128118492 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
80901620 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
128118492 usd
CY2021 ck0001872302 Deferred Tax Assets Provision For Valuation Allowance
DeferredTaxAssetsProvisionForValuationAllowance
42631572 cny
CY2022 ck0001872302 Deferred Tax Assets Provision For Valuation Allowance
DeferredTaxAssetsProvisionForValuationAllowance
24519326 cny
CY2023 ck0001872302 Deferred Tax Assets Provision For Valuation Allowance
DeferredTaxAssetsProvisionForValuationAllowance
47333923 cny
CY2022 ck0001872302 Reversal Of Valuation Allowance
ReversalOfValuationAllowance
6100147 cny
CY2023 us-gaap Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
The following table sets forth information as to each supplier that accounted for 10% or more of the Company’s purchase for the years ended December 31, 2021, 2022 and 2023:<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></td> <td colspan="10" style="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>For the Years Ended December 31,</b></span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2021</b></span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2022</b></span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; border-bottom: Black 1.5pt solid; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2023</b></span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Supplier A</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-191">—</div></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-192">—</div></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">38</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Supplier B</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">50</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">32</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-193">—</div></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Supplier C</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">34</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-194">—</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-195">—</div></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Supplier D</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-196">—</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-197">—</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Supplier E</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">13</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">23</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-198">—</div></td><td style="text-align: left"> </td></tr> </table>
CY2023 ck0001872302 Construction In Progress Amount
ConstructionInProgressAmount
39119300 cny
CY2023Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
300000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
47000000 cny
CY2023Q4 ck0001872302 Frozen Amount
FrozenAmount
418201 cny
CY2023 dei Document Accounting Standard
DocumentAccountingStandard
U.S. GAAP
CY2023 dei Auditor Firm
AuditorFirmId
206
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
cny
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
cny
CY2022Q4 us-gaap Minority Interest
MinorityInterest
cny
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
cny
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
cny
CY2021 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
cny
CY2022 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
cny
CY2022 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
cny
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
cny
CY2022 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
cny
CY2023 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
cny
CY2023 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
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CY2022 ck0001872302 Refund Of Prepayment For Property And Equipment
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