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PROVISIONS
12 Months Ended
Dec. 31, 2022
Provisions  
PROVISIONS

 

20.PROVISIONS

      
   Post-flood repair 
    CNY 
      
As of January 1, 2022   —  
Additional provision   808 
Amounts utilized during the year   (314)
      
As of December 31, 2022   494 
Current portion   494 
      
As of December 31, 2022 (US$)   72 
Current portion (US$)   72 

 

In June 2022, the wastewater treatment infrastructure of the service concession arrangement operated by the Company’s subsidiary, Shaoguan Angrui was partially destroyed due to flooding. Shaoguan Angrui has committed to repair the infrastructure to restore the original production capacity of the infrastructure in the next year. A provision has been recognized for the expected expenditures associated with the repair.