| Schedule of maturity analysis for non-derivative financial liabilities |
| | | | | | | | | | | | | | | Between 1 | | Between 2 | | | | | | | Less than | | and 2 | | and 5 | | | | Carrying | | | 1 year | | years | | years | | Total | | amount | | | RMB’000 | | RMB’000 | | RMB’000 | | RMB’000 | | RMB’000 | At December 31, 2023 | | | | | | | | | | | Trade payables | | 152,066 | | — | | — | | 152,066 | | 152,066 | Financial liabilities included in other payables and accruals | | 186,179 | | — | | — | | 186,179 | | 186,179 | Borrowings | | 106,211 | | 707,565 | | — | | 813,776 | | 754,774 | Lease liabilities | | 7,709 | | 5,081 | | 2,271 | | 15,061 | | 14,090 | Convertible bonds | | 71,535 | | — | | — | | 71,535 | | 89,950 | | | 523,700 | | 712,646 | | 2,271 | | 1,238,617 | | 1,197,059 | At December 31, 2024 | | | | | | | | | | | Trade payables | | 104,224 | | — | | — | | 104,224 | | 104,224 | Financial liabilities included in other payables and accruals | | 137,401 | | — | | — | | 137,401 | | 137,401 | Borrowings | | 788,994 | | 1,532 | | 52,547 | | 843,073 | | 824,045 | Lease liabilities | | 1,410 | | 1,284 | | 2,221 | | 4,915 | | 4,552 | Convertible bonds | | 264,174 | | — | | — | | 264,174 | | 241,524 | | | 1,296,203 | | 2,816 | | 54,768 | | 1,353,787 | | 1,311,746 |
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| Schedule of analysis of current ratio and liabilities to assets ratio |
| | | | | | | As of December 31, | | | 2023 | | 2024 | | | RMB’000 | | RMB’000 | Total liabilities | | 1,508,704 | | 1,404,778 | Less: Convertible bonds mandatorily convertible to the Company’s equity | | 112,615 | | — | Non-IFRS adjusted total liabilities | | 1,396,089 | | 1,404,778 | Total assets | | 1,465,099 | | 650,644 | Non-IFRS total liabilities to total assets ratio | | 0.95 | | 2.16 |
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| Schedule of fair value of financial instruments |
| | | | | | | | | | | Level 1 | | Level 2 | | Level 3 | | Total | | | RMB’000 | | RMB’000 | | RMB’000 | | RMB’000 | At December 31, 2023 | | | | | | | | | Assets: | | | | | | | | | Financial assets at fair value through profit or loss | | — | | — | | 104,952 | | 104,952 | Financial assets at fair value through other comprehensive income | | 104,970 | | — | | — | | 104,970 | Liabilities: | | | | | | | | | Convertible bonds | | — | | — | | 272,684 | | 272,684 | At December 31, 2024 | | | | | | | | | Assets: | | | | | | | | | Financial assets at fair value through profit or loss | | — | | — | | 3,205 | | 3,205 | Financial assets at fair value through other comprehensive income | | 66,642 | | — | | 129,147 | | 195,789 | Liabilities: | | | | | | | | | Convertible bonds | | — | | — | | 241,524 | | 241,524 |
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| Schedule of significant unobservable inputs used in fair value measurement of assets |
| | | | | | | | | | | | | | | | | | | | | | | | | Relationship of | | | | | | | Unobservable | | Range of inputs at | | unobservable inputs to | Description | | Fair value at December 31, | | inputs | | December 31, | | fair value | | | 2023 | | 2024 | | | | 2023 | | 2024 | | | | | RMB’000 | | RMB’000 | | | | | | | | | Investments in unlisted company | | 7,895 | | 3,160 | | Expected volatility | | 26 | % | 26 | % | The higher the expected volatility, the lower the fair value | | | | | | | Discount for lack of marketability (“DLOM”) | | 3 | % | 3 | % | The higher the DLOM, the lower the fair value | Convertible bonds | | 272,684 | | 241,524 | | Expected volatility | | Note 20 | | Note 20 | | The higher the expected volatility, the lower the fair value |
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