CONTRACT ASSETS AND CONTRACT LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2026

CONTRACT ASSETS AND CONTRACT LIABILITIES

Schedule of contract assets

(a) Contract assets


		As of December 31,		As of June 30,
		2025		2026
		RMB’000		RMB’000
Contract assets
Arising from sales of autonomous driving vehicles		21,251		21,449
Arising from provision of services		25,964		26,010
Less: loss allowance		(23,910)		(23,495)
		23,305		23,964

Schedule of contract liabilities

(b) Contract liabilities


		As of December 31,		As of June 30,
		2025		2026
		RMB’000		RMB’000
Contract liabilities
–Billings in advance of performance		10,843		23,398
–Billings in advance of goods transferred		17,669		24,655
		28,512		48,053