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Leases
12 Months Ended
Dec. 31, 2023
Text block [abstract]  
leases
17.
Leases
 
Group as a lessee
The Group has lease contracts for land, motor vehicles, office space and staff accommodations used in its operations. These leases are generally with lease term of between 1 and 12 years. The Group’s obligations under its leases are secured by the lessor’s title to the leased assets.
The Group also has certain leases of office space and staff accommodations with lease terms of 12 months or less. The Group has applied the “short-term leases” recognition exemptions for these leases
.
 
 
Set out below are the carrying amounts of
right-of-use
assets recognized and the movements during the year.
 
    
Leasehold
land
RMB’000
    
Building and
office space
RMB’000
    
Office
furniture,
fittings and
equipment
RMB’000
    
Motor
vehicles
RMB’000
    
Total
RMB’000
    
Total
US$’000
 
At January 1, 2022
     304,645        40,118        51        —         344,814        48,541  
Addition
     —         49,421        —         314        49,735        7,001  
Depreciation expenses
     (12,324      (30,772      (14      (19      (43,129      (6,071
Disposal
     (3,256      —         —         —         (3,256      (458
Termination
     —         (6,187      —         —         (6,187      (871
Translation difference
     —         159        5        —         164        22  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
At December 31, 2022 and January 1, 2023
     289,065        52,739        42        295        342,141        48,164  
Addition
     —         31,082        —         1,002        32,084        4,517  
Depreciation expenses
     (12,282      (33,671      (7      (111      (46,071      (6,486
Disposal of subsidiary
     (22,782      —         —         —         (22,782      (3,207
Disposal
     (5,564      —         —         —         (5,564      (783
Termination
     —         (1,382      —         —         (1,382      (195
Translation difference
     —         18        1        —         19        3  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
At December 31, 2023
     248,437        48,786        36        1,186        298,445        42,013  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
Set out below are the carrying amounts of lease liabilities and the movements during the year:
 
    
2022
RMB’000
    
2023
RMB’000
    
2023
US$’000
 
At January 1
     40,531        59,641        8,396  
Additions
     49,735        32,084        4,517  
Accretion of interest (Note 7.3)
     1,547        1,969        277  
Payments
     (26,144      (43,073      (6,063
Termination
     (6,187      (1,382      (195
Translation difference
     159        42        6  
  
 
 
    
 
 
    
 
 
 
At December 31
     59,641        49,281        6,938  
  
 
 
    
 
 
    
 
 
 
Current (Note 25)
     31,433        33,272        4,684  
Non-current
(Note 25)
     28,208        16,009        2,254  
  
 
 
    
 
 
    
 
 
 
Total
     59,641        49,281        6,938  
  
 
 
    
 
 
    
 
 
 
 
 
The following are the amounts recognized in profit of loss:

 
  
2022
 
  
2023
 
  
2023
 
 
  
RMB’000
 
  
RMB’000
 
  
US$’000
 
Depreciation charge for
right-of-use
assets
     43,129        46,071        6,486  
Interest expenses on lease liabilities (Note 7.3)
     1,547        1,969        277  
Expenses relating to short-term leases (included in selling, general and administrative
expenses and research and development expenses)
     25,022        18,275        2,573  
  
 
 
    
 
 
    
 
 
 
Total amount recognized in profit or loss
     69,698        66,315        9,336  
  
 
 
    
 
 
    
 
 
 
In 2023, the Group had total cash outflows for leases of RMB 61.3 million (US$ 8.6 million) (2022: RMB 51.2 million). The Group also had
non-cash
additions to
right-of-use
assets and lease liabilities of RMB 32.1 million (US$ 4.5 million) in 2023 (2022: RMB 49.7 million). The future cash outflows relating to leases that have not yet commenced are disclosed in Note 30.
Group as a lessor
The Group has entered into operating leases on some of its assets, including surplus offices and warehouses. These leases have terms between 1 to 20 years. Rental income recognized by the Group during the year is RMB 25.8 million (US$ 3.6 million) (2022: RMB 18.1 million).
Future minimum rental receivables under
non-cancellable
operating leases as of 31 December are as follows:
 
    
31.12.2022
    
31.12.2023
    
31.12.2023
 
    
RMB’000
    
RMB’000
    
US$’000
 
Within 1 year
        
- related parties
     17        2,012        283  
- joint venture
     1,587        3,329        469  
- third parties
     8,136        7,898        1,112  
After 1 year but within 5 years
        
- related parties
     17        7,988        1,125  
- joint venture
     6,292        11,697        1,647  
- third parties
     19,364        22,235        3,130  
More than 5 years
        
- joint venture
     9,690        7,504        1,056  
- third parties
     26,566        34,523        4,860  
  
 
 
    
 
 
    
 
 
 
     71,669        97,186        13,682