Related Parties (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Related Party Transaction [Line Items] |
|
| Summary of Related Parties and Nature of Relationship |
The principal related parties with which the Group had transactions during the years presented are as follows:
|
|
|
| Name of Entity or Individual |
|
Relationship with the Company |
| Mr. Xiaopeng He |
|
Principal Shareholder of the Company, Chairman of the Board
and Chief Executive Officer |
| Mr. Hongdi Brian Gu |
|
Honorary Vice Chairman of the Board and President |
| Mr. Tao He (2) |
|
Former Senior Vice President |
| HT Flying Car Inc. |
|
A Company Significantly Influenced by the Principal Shareholder |
| HT Flying Car (Hong Kong) Limited |
|
A Company Significantly Influenced by the Principal Shareholder |
| Guangzhou Huitian Aerospace Technology Co., Ltd.
(“Guangzhou Huitian”) |
|
A Company Significantly Influenced by the Principal Shareholder |
Guangdong Huitian Aerospace Technology Co., Ltd. (“Guangdong Huitian”) |
|
A Company Significantly Influenced by the Principal Shareholder |
| Guangzhou Huitian Flying Car Manufacturing Co., Ltd. |
|
A Company Significantly Influenced by the Principal Shareholder |
| Guangzhou Huitian Manufacturing Co., Ltd. |
|
A Company Significantly Influenced by the Principal Shareholder |
| Foshan Huitian Aviation Technology Co., Ltd. |
|
A Company Significantly Influenced by the Principal Shareholder |
| Rockets Capital L.P. (1) |
|
A Partnership Significantly Influenced by the Company |
| Guangzhou Xuetao (2) |
|
A Company Controlled by the Company Secretary |
|
| Non Trade in Nature [Member] |
|
| Related Party Transaction [Line Items] |
|
| Summary of Related Parties Transaction |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest expenses on payable due to a company jointly controlled by former senior vice president |
|
|
2,402 |
|
|
|
— |
|
|
|
— |
|
|
| Trade in Nature [Member] |
|
| Related Party Transaction [Line Items] |
|
| Summary of Related Parties Transaction |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Provision of operational support services to companies significantly influenced by Principal Shareholder |
|
|
14,823 |
|
|
|
39,863 |
|
|
|
89,624 |
|
| Provision of leasing services to companies significantly influenced by Principal Shareholder |
|
|
306 |
|
|
|
199 |
|
|
|
1,110 |
|
| Sales of property, plant and equipment to companies significantly influenced by Principal Shareholder |
|
|
— |
|
|
|
— |
|
|
|
4,248 |
|
| Sale of goods to companies significantly influenced by Principal Shareholder |
|
|
1,172 |
|
|
|
2,609 |
|
|
|
11,435 |
|
| Purchase of goods from companies significantly influenced by Principal Shareholder |
|
|
— |
|
|
|
— |
|
|
|
125 |
|
| Purchase of services from companies significantly influenced by Principal Shareholder |
|
|
1,068 |
|
|
|
9,672 |
|
|
|
13,289 |
|
|
| Receivables in Nature [Member] |
|
| Related Party Transaction [Line Items] |
|
| Summary of Related Parties Transaction |
| |
(4) |
Amounts due from related parties: |
|
|
|
|
|
|
|
|
|
| |
|
|
|
| |
|
|
|
|
|
|
Receivables for operation support service to companies significantly influenced by Principal Shareholder |
|
|
41,889 |
|
|
|
95,948 |
|
Receivables for sales of goods to companies significantly influenced by Principal Shareholder |
|
|
1,825 |
|
|
|
5,337 |
|
Receivables for sales of property, plant and equipment to companies significantly influenced by Principal Shareholder |
|
|
— |
|
|
|
934 |
|
|
|
|
|
|
|
|
|
|
Total |
|
|
43,714 |
|
|
|
102,219 |
|
|
|
|
|
|
|
|
|
|
|
| Payables in Nature [Member] |
|
| Related Party Transaction [Line Items] |
|
| Summary of Related Parties Transaction |
| |
(5) |
Amounts due to related parties: |
|
|
|
|
|
|
|
|
|
| |
|
|
|
| |
|
|
|
|
|
|
Payables from companies significantly influenced by Principal Shareholder |
|
|
9,362 |
|
|
|
1,064 |
|
Advances from companies significantly influenced by Principal Shareholder |
|
|
2 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
Total |
|
|
9,364 |
|
|
|
1,064 |
|
|
|
|
|
|
|
|
|
|
|
| Investment Commitment in Nature [Member] |
|
| Related Party Transaction [Line Items] |
|
| Summary of Related Parties Transaction |
| |
(6) |
Investment Commitment: |
|
|
|
|
|
|
|
|
|
| |
|
|
|
| |
|
|
|
|
|
|
Investment commitment to a partnership significantly influenced by the Company (Note 27(a)) |
|
|
404,846 |
|
|
|
293,480 |
|
|