| Related party transactions |
| 30. | Related
party transactions |
| (a) | Relationship with related parties |
| Name of related parties | | Relationship with the Group | | Newlink | | Controlling Shareholder | | Huzhou Zhidianlaile New Energy Technology Co., Ltd. | | Significantly influenced by the Group | | Shenzhen Yuanwanghechu Technology Co., Ltd.* | | Significantly influenced by the Controlling Shareholder |
| * | Shenzhen
Yuanwanghechu Technology Co., Ltd. ("Shenzhen Yuanwanghechu") was a related party
of the Company as of December 31, 2024, as it was an investee of a subsidiary of the Controlling
Shareholder. In October 2025, the subsidiary of the Controlling Shareholder completed its
divestment from Shenzhen Yuanwanghechu. Consequently, Shenzhen Yuanwanghechu ceased to be
a related party of the Company and is no longer classified as such as of December 31, 2025. |
| (b) | Contribution
from Controlling Shareholder |
During
the year ended December 31, 2025, Newlink paid a total of RMB13.4 million (2024: RMB24.9 million) on behalf of the Group, including (i)
RMB0.8 million (2024: RMB7.3 million) of payroll and non-payroll labor expense; (ii) RMB1.0 million (2024: RMB2.5 million) of rental
fees; and (iii) RMB11.6 million (2024: RMB15.1 million) of other expenses, which were reflected in the consolidated statements of profit
or loss and other comprehensive income.
| (c) | Share-based
compensation from controlling shareholder ESOP |
Newlink granted share options
under Newlink 2020 Share Incentive Plan to certain employees associated with the Group’s charging services business, who were subsequently
transferred to the Group. For the years ended December 31, 2024 and 2025, share-based compensation expense was credited to profit or
loss for RMB0.8 million and debited to profit or loss for RMB0.7 million, with a corresponding increase and decrease in additional paid-in
capital, respectively. See Note 19 for further details.
| (d) | Other
transactions with related parties |
The
following table provides the amount of energy solution revenues including discontinued operations arising from the transactions entered
into with related parties in the ordinary course of the Group’s business during the years indicated:
| | |
Year
ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | |
| | |
RMB’000 | | |
RMB’000 | | |
RMB’000 | |
| | |
| | |
| | |
| |
| Shenzhen Yuanwanghechu Technology
Co., Ltd. | |
| 74,460 | | |
| 400 | | |
| — | |
| Huzhou Zhidianlaile
New Energy Technology Co., Ltd. | |
| 690 | | |
| 65 | | |
| 87 | |
| | |
| 75,150 | | |
| 465 | | |
| 87 | |
| (e) | Balances with related parties |
| | |
As
of December 31, | |
| | |
2024 | | |
2025 | |
| | |
RMB’000 | | |
RMB’000 | |
| | |
| | |
| |
| Included in amount due from related parties
(Note 9) | |
| | |
| |
| Shenzhen
Yuanwanghechu Technology Co., Ltd. | |
| 1,206 | | |
| — | |
| | |
| | | |
| | |
| Included in amount due
to related parties as other payables and accruals (Note 17) | |
| | | |
| | |
| Newlink (i) | |
| 3,284 | | |
| 147,005 | |
| Huzhou Zhidianlaile
New Energy Technology Co., Ltd. | |
| 69 | | |
| 216 | |
| | |
| 3,353 | | |
| 147,221 | |
| (i) | The
balance due to Newlink is unsecured, non-interest bearing, and repayable on demand. |
| (f) | Key
management personal compensation |
The
following table sets forth the compensation information of the Group’s directors and executive officers for the years ended December
31, 2023, 2024 and 2025:
| | |
Year
ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | |
| | |
RMB’000 | | |
RMB’000 | | |
RMB’000 | |
| | |
| | |
| | |
| |
| Short-term employee benefits | |
| 7,468 | | |
| 4,488 | | |
| 3,309 | |
| Share-based compensation | |
| 229,542 | | |
| 23,034 | | |
| 5,377 | |
| | |
| 237,010 | | |
| 27,522 | | |
| 8,686 | |
|