| TRADE RECEIVABLES, PREPAYMENTS AND OTHER RECEIVABLES |
15TRADE RECEIVABLES, PREPAYMENTS AND OTHER RECEIVABLES | | | | | | | As of December 31, | | As of June 30, | | | 2025 | | 2026 | | | RMB’000 | | RMB’000 | Trade receivables | | 531,930 | | 521,823 | Less: loss allowance | | (69,795) | | (66,058) | Trade receivables, net of loss allowance | | 462,135 | | 455,765 | Receivables from payments made on behalf of customers, net of allowance | | 19,593 | | 9,855 | Other receivables | | 19,593 | | 9,855 | Trade and other receivables at amortized cost | | 481,728 | | 465,620 | Prepayments to suppliers | | 109,584 | | 102,822 | Refundable value-added tax | | 106,946 | | 156,671 | Others | | 33,863 | | 34,138 | Prepayments and others | | 250,393 | | 293,631 | Prepayments and other receivables | | 269,986 | | 303,486 |
All of the trade and other receivables are expected to be recovered or recognized as expense within one year. Trade receivables are normally due within 30 to 90 days from the invoice date. Aging analysis Aging analysis of trade receivables based on the invoice date is as follows: | | | | | | | As of | | As of | | | December 31, | | June 30, | | | 2025 | | 2026 | | | RMB’000 | | RMB’000 | Within 1 year | | 378,383 | | 410,340 | More than 1 year | | 153,547 | | 111,483 | | | 531,930 | | 521,823 |
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