| Cash flow information |
The
table below analyses movement in the Group’s financial liabilities for the years indicated, including both cash and non-cash changes:
| | |
Borrowings | | |
Interest
payable | | |
Lease
liabilities | | |
Convertible
bonds | | |
Revenue-based
financing | | |
Total | |
| | |
RMB’000 | | |
RMB’000 | | |
RMB’000 | | |
RMB’000 | | |
RMB’000 | | |
RMB’000 | |
| | |
(Note 15) | | |
| | |
(Note 11) | | |
(Note 18) | | |
| | |
| |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| At
January 1, 2024 | |
| 754,774 | | |
| 1,078 | | |
| 14,090 | | |
| 272,684 | | |
| 21,628 | | |
| 1,064,254 | |
| Changes
from financing cash flows | |
| 86,236 | | |
| (39,940 | ) | |
| (6,063 | ) | |
| — | | |
| (20,849 | ) | |
| 19,384 | |
| New
leases | |
| — | | |
| — | | |
| 4,025 | | |
| — | | |
| — | | |
| 4,025 | |
| Interest
expense | |
| — | | |
| 40,047 | | |
| 564 | | |
| — | | |
| 1,825 | | |
| 42,436 | |
| Changes
in fair values | |
| — | | |
| — | | |
| — | | |
| (426 | ) | |
| — | | |
| (426 | ) |
| Conversion
of convertible bonds to shares | |
| — | | |
| — | | |
| — | | |
| (29,785 | ) | |
| — | | |
| (29,785 | ) |
| New
issuance of convertible bonds | |
| — | | |
| — | | |
| — | | |
| 251,594 | | |
| — | | |
| 251,594 | |
| Maturity
of convertible bonds | |
| — | | |
| — | | |
| — | | |
| (255,458 | ) | |
| — | | |
| (255,458 | ) |
| Disposals | |
| — | | |
| — | | |
| (4,396 | ) | |
| — | | |
| | | |
| (4,396 | ) |
| Disposal of subsidiaries | |
| (6,965 | ) | |
| — | | |
| (3,668 | ) | |
| — | | |
| — | | |
| (10,633 | ) |
| Reclassified
as liabilities relating to assets classified as held for sale (Note 5) | |
| (10,000 | ) | |
| — | | |
| — | | |
| — | | |
| — | | |
| (10,000 | ) |
| Exchange
differences | |
| — | | |
| — | | |
| — | | |
| 2,915 | | |
| — | | |
| 2,915 | |
| At
December 31, 2024 | |
| 824,045 | | |
| 1,185 | | |
| 4,552 | | |
| 241,524 | | |
| 2,604 | | |
| 1,073,910 | |
| | |
Borrowings | | |
Interest payable | | |
Lease liabilities | | |
Convertible bonds | | |
Revenue-based financing | | |
Total | |
| | |
RMB’000 | | |
RMB’000 | | |
RMB’000 | | |
RMB’000 | | |
RMB’000 | | |
RMB’000 | |
| | |
(Note 15) | | |
| | |
(Note 11) | | |
(Note 18) | | |
| | |
| |
| At January 1, 2025 | |
| 824,045 | | |
| 1,185 | | |
| 4,552 | | |
| 241,524 | | |
| 2,604 | | |
| 1,073,910 | |
| Liabilities relating to assets classified as held for sale
at January 1, 2025 | |
| 10,000 | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 10,000 | |
| Changes from financing cash flows | |
| (326,542 | ) | |
| (32,784 | ) | |
| (1,654 | ) | |
| (12,652 | ) | |
| (2,604 | ) | |
| (376,236 | ) |
| New leases | |
| — | | |
| — | | |
| 3,258 | | |
| — | | |
| — | | |
| 3,258 | |
| Interest expenses | |
| — | | |
| 32,561 | | |
| 92 | | |
| — | | |
| — | | |
| 32,653 | |
| Changes in fair values | |
| — | | |
| — | | |
| — | | |
| (144,659 | ) | |
| — | | |
| (144,659 | ) |
| Settled by issuance of warrants | |
| — | | |
| — | | |
| — | | |
| (3,594 | ) | |
| — | | |
| (3,594 | ) |
| Settled by new borrowings | |
| 78,174 | | |
| — | | |
| — | | |
| (78,174 | ) | |
| — | | |
| — | |
| Gain on extinguishment of convertible bonds | |
| — | | |
| — | | |
| — | | |
| (2,450 | ) | |
| — | | |
| (2,450 | ) |
| Disposals | |
| — | | |
| — | | |
| (3,658 | ) | |
| — | | |
| — | | |
| (3,658 | ) |
| Foreign exchange movement | |
| (2,953 | ) | |
| — | | |
| — | | |
| 5 | | |
| — | | |
| (2,948 | ) |
| At December 31, 2025 | |
| 582,724 | | |
| 962 | | |
| 2,590 | | |
| — | | |
| — | | |
| 586,276 | |
|