Trade receivables, net (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Trade receivables [Abstract] |
|
| Schedule of Trade Receivables |
| | |
As
of December 31, | |
| | |
2024 | | |
2025 | |
| | |
RMB’000 | | |
RMB’000 | |
| | |
| | |
| |
| Trade receivables | |
| 148,057 | | |
| 104,965 | |
| Loss allowance | |
| (69,137 | ) | |
| (83,251 | ) |
| | |
| 78,920 | | |
| 21,714 | |
| Included in trade receivables, net per balance
sheet | |
| 44,506 | | |
| 21,714 | |
| Included in assets classified as held for
sale | |
| 34,414 | | |
| — | |
|
| Schedule of Aging Analysis of Trade Receivables |
| | |
As
of December 31, | |
| | |
2024 | | |
2025 | |
| | |
RMB’000 | | |
RMB’000 | |
| | |
| | |
| |
| 0 – 90 days | |
| 21,479 | | |
| 7,945 | |
| 91 – 180 days | |
| 905 | | |
| 588 | |
| 181 – 365 days | |
| 45,459 | | |
| — | |
| 1 – 2 years | |
| 25,604 | | |
| 40,143 | |
| 2 – 3 years | |
| 47,720 | | |
| 12,405 | |
| Over 3 years | |
| 6,890 | | |
| 43,884 | |
| | |
| 148,057 | | |
| 104,965 | |
|
| Schedule of ECL Allowance for Trade Receivables |
| | |
Year
ended December 31, | |
| | |
2024 | | |
2025 | |
| | |
RMB’000 | | |
RMB’000 | |
| | |
| | |
| |
| Opening loss allowance | |
| 60,513 | | |
| 63,865 | |
| Provision for loss allowance, net | |
| 10,341 | | |
| 14,114 | |
| Disposal of a subsidiary | |
| (1,717 | ) | |
| — | |
| Reclassified as held
for sale assets | |
| (5,272 | ) | |
| (15,651 | ) |
| Closing
loss allowance | |
| 63,865 | | |
| 62,328 | |
|
| Schedule of ECL Allowance |
| | |
Within
1 year | | |
1-2
years | | |
2-3
years | | |
Over
3
years | |
| | |
| | |
| | |
| | |
| |
| At December 31, 2024 | |
| | |
| | |
| | |
| |
| Expected loss rate | |
| 11.1 | % | |
| 28.0 | % | |
| 49.2 | % | |
| 100.0 | % |
| Gross carrying amount (RMB’000) | |
| 67,843 | | |
| 21,615 | | |
| 5,992 | | |
| 329 | |
| Loss allowance (RMB’000) | |
| 7,536 | | |
| 6,047 | | |
| 2,947 | | |
| 329 | |
| | |
| | | |
| | | |
| | | |
| | |
| At December 31, 2025 | |
| | | |
| | | |
| | | |
| | |
| Expected loss rate | |
| 4.9 | % | |
| 33.9 | % | |
| 61.7 | % | |
| 100.0 | % |
| Gross carrying amount (RMB’000) | |
| 8,156 | | |
| 16,567 | | |
| 7,844 | | |
| 1,280 | |
| Loss allowance (RMB’000) | |
| 398 | | |
| 5,616 | | |
| 4,839 | | |
| 1,280 | |
|