RoboSense's revenue and losses in 2022

From 2020 to 2022, RoboSense's revenue was RMB 170 million, RMB 330 million, and RMB 530 million, respectively; operating losses were RMB 60.61 million, RMB 166 million, and RMB 616 million, respectively; net losses were RMB 220 million, RMB 1.654 billion, and RMB 2.086 billion, respectively. In 2022, the company suffered a gross profit loss for the first time, with a gross profit margin of -7.4%, compared to 44.1% and 42.4% in the previous two years, mainly because the price reduction of ADAS products compressed the total gross profit margin.