Fair value estimation (Tables)

6 Months Ended

Jun. 30, 2026

Financial risk management [Abstract]

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, 2025
Assets:
Financial assets at fair value through profit or loss			—				—				1,291				1,291
Financial assets at fair value through other comprehensives income			92,396				—				—				92,396
Liabilities:
Financial liabilities at fair value through profit or loss			—				—				22,044				22,044
At June 30, 2026
Assets:
Financial assets at fair value through other comprehensive income			77,858				—				—				77,858

Schedule of Significant Unobservable Inputs Used in Fair Value Measurement of Assets

Description

Fair value at

Unobservable
inputs

Range of inputs at

Relationship of
unobservable
inputs to fair
value

December 31,
2025

June 30,
2026

December 31,
2025

June 30,
2026

RMB’000

RMB’000

Warrants

22,044

—

Expected volatility

Note 13

N/A

The higher the expected volatility, the higher the fair value