TRADE AND OTHER PAYABLES, DEPOSITS RECEIVED AND ACCRUED EXPENSES

6 Months Ended

Jun. 30, 2026

TRADE AND OTHER PAYABLES, DEPOSITS RECEIVED AND ACCRUED EXPENSES

TRADE AND OTHER PAYABLES, DEPOSITS RECEIVED AND ACCRUED EXPENSES

21TRADE AND OTHER PAYABLES, DEPOSITS RECEIVED AND ACCRUED EXPENSES


		As of December 31,		As of June 30,
		2025		2026
		RMB’000		RMB’000
Trade payables		163,000		243,563

Government grants received with conditions*		192,019		189,269
Accrued payroll and social insurance		118,413		112,414
Payables for professional services		49,413		19,646
Taxes payable and others		48,512		63,759
Total other payables, deposits received and accrued expenses		408,357		385,088
Trade and other payables, deposits received and accrued expenses		571,357		628,651

*	The current portion of government grants received with conditions mainly represents the grants received with certain requirements of operation performance and tax contribution in a specified region.

21TRADE AND OTHER PAYABLES, DEPOSITS RECEIVED AND ACCRUED EXPENSES (CONTINUED)

Aging analysis

The aging analysis of trade payables based on the invoice date, is as follows:


		As of December 31,		As of June 30,
		2025		2026
		RMB’000		RMB’000
Within 1 year		154,930		234,824
More than 1 year		8,070		8,739
		163,000		243,563

As of December 31, 2025 and June 30, 2026, all of the balances of trade and other payables are expected to be settled or recognized as income within one year or are repayable on demand. The credit period granted by the suppliers is generally between 30 and 60 days.