Zhixing Technology was listed in December 2023 and has been making losses for many years.

Zhixing Technology went public in December 2023, but has been in a loss-making state for many years. In 2020, its revenue was only 48 million yuan, and its loss was 54 million yuan; in 2021, its revenue increased to 178 million yuan, but its loss widened to 464 million yuan; in 2022, its revenue was about 1.326 billion yuan, and its loss was 342 million yuan. In addition, Zhixing Technology is extremely dependent on large customers. In 2022, its largest customer was Geely Group, which contributed 96.4% of its revenue.