Nezha Auto's cumulative net loss in three years is 18.38 billion yuan

According to the prospectus, Nezha Auto suffered net losses of 4.84 billion yuan, 6.67 billion yuan, and 6.87 billion yuan in 2021-2023, respectively, with a cumulative net loss of 18.38 billion yuan in three years, an average annual loss of 6 billion yuan. As of the end of 2023, Nezha Auto had cash equivalents of 2.837 billion yuan, short-term loans of 4.317 billion yuan, long-term loans of 1.440 billion yuan, notes receivable and accounts receivable of 2.650 billion yuan, and notes payable and accounts payable of 6.226 billion yuan.