Related Parties (Tables)

12 Months Ended

Dec. 31, 2024

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
Rockets Capital L.P. (1)		A Partnership Significantly Influenced by the Company
Guangzhou Xuetao ( 2 )		A Company Controlled by the Company Secretary

(i)

Non-trade

in nature


	For the Year Ended December 31,
	2022		2023		2024
Interest expenses on payable due to a company jointly controlled by former senior vice president		1,021		2,402		—
Disposal of debt investment to a partnership significantly influenced by the Company(Note 13(iii))		165,000		—		—

(ii)

Trade in nature


	For the Year Ended December 31,
	2022		2023		2024
Provision of operational support services to companies controlled by principal shareholder		31,293		—		—
Provision of leasing services to companies controlled by principal shareholder		55		—		—
Provision of operational support services to companies significantly influenced by principal shareholder		20,210		14,823		39,863
Provision of leasing services to companies significantly influenced by principal shareholder		534		306		199
Sale of goods to companies significantly influenced by principal shareholder		2,167		1,172		2,609
Purchase of services from companies significantly influenced by principal shareholder		663		1,068		9,672

(4)

Amounts due from related parties:


	As of December 31,
	2023		2024

Receivables for operation support service to companies significantly influenced by principal shareholder		12,566		41,889
Receivables for sales of goods to companies significantly influenced by principal shareholder		382		1,825

Total		12,948		43,714

(5)

Amounts due to related parties:


	As of December 31,
	2023		2024

Payable due to a company jointly controlled by former senior vice president		30,872		—
Payables for purchased service to companies significantly influenced by principal shareholder		—		9,362
Advances from companies significantly influenced by principal shareholder		8		2

Total		30,880		9,364

(6)

Investment Commitment:


	As of December 31,
	2023		2024

Investment commitment to a partnership significantly influenced by the Company (Note 27(a))		541,186		404,846