- Definition

The amount of financial liabilities that meet either of the following conditions: (a) they meet the definition of held for trading; or (b) upon initial recognition they are designated by the entity as at fair value through profit or loss. An entity may use this designation only when permitted by paragraph 4.3.5 of IFRS 9 (embedded derivatives) or when doing so results in more relevant information, because either: (a) it eliminates or significantly reduces a measurement or recognition inconsistency (sometimes referred to as ‘an accounting mismatch’) that would otherwise arise from measuring assets or liabilities or recognising the gains and losses on them on different bases; or (b) a group of financial liabilities or financial assets and financial liabilities is managed and its performance is evaluated on a fair value basis, in accordance with a documented risk management or investment strategy, and information about the group is provided internally on that basis to the entity’s key management personnel (as defined in IAS 24). [Refer: At fair value [member]; Key management personnel of entity or parent [member]; Derivatives [member]; Financial assets; Financial liabilities]

+ References + Details

Fair Value and Fair Value Hierarchy of Financial Instruments - Schedule of Assets Measured at Fair Value (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2025 CNY (¥)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 CNY (¥)
Schedule of Assets Measured at Fair Value [Line Items]
Financial assets at FVTPL		$ 572	¥ 1,141
Financial liabilities included in other payables and accruals	1,968	281
Other non-current liabilities	6,374	$ 911
Level 1 [Member]
Schedule of Assets Measured at Fair Value [Line Items]
Financial assets at FVTPL			1,141
Financial liabilities included in other payables and accruals
Other non-current liabilities
Level 2 [Member]
Schedule of Assets Measured at Fair Value [Line Items]
Financial assets at FVTPL	4,000
Financial liabilities included in other payables and accruals
Other non-current liabilities
Level 3 [Member]
Schedule of Assets Measured at Fair Value [Line Items]
Financial assets at FVTPL	4,000
Financial liabilities included in other payables and accruals	1,968
Other non-current liabilities	¥ 6,374