| CONDENSED FINANCIAL INFORMATION OF THE COMPANY |
| 41. | CONDENSED
FINANCIAL INFORMATION OF THE COMPANY |
Statements
of financial position of the Company
| | |
As
at December 31, | |
| | |
2024 | | |
2025 | | |
2025 | |
| | |
RMB | | |
RMB | | |
US$ | |
| NON-CURRENT ASSETS | |
| | |
| | |
| |
| Investments in
subsidiaries | |
| 380,339 | | |
| 448,431 | | |
| 64,125 | |
| Other
non-current Asset | |
| 30,529 | | |
| 29,851 | | |
| 4,269 | |
| Total
non-current assets | |
| 410,868 | | |
| 478,282 | | |
| 68,394 | |
| CURRENT ASSETS | |
| | | |
| | | |
| | |
| Prepayments, other receivables
and other assets | |
| 3,986,172 | | |
| 4,806,759 | | |
| 687,358 | |
| Cash
and bank balances | |
| 470,170 | | |
| 1,841,572 | | |
| 263,341 | |
| Total
current assets | |
| 4,456,342 | | |
| 6,648,331 | | |
| 950,699 | |
| CURRENT LIABILITIES | |
| | | |
| | | |
| | |
| Other payables and accruals | |
| 24,187 | | |
| 2,382 | | |
| 341 | |
| Total
current liabilities | |
| 24,187 | | |
| 2,382 | | |
| 341 | |
| NET
CURRENT ASSETS | |
| 4,432,155 | | |
| 6,645,949 | | |
| 950,358 | |
| TOTAL
ASSETS LESS CURRENT LIABILITIES | |
| 4,843,023 | | |
| 7,124,231 | | |
| 1,018,752 | |
| Net assets | |
| 4,843,023 | | |
| 7,124,231 | | |
| 1,018,752 | |
| EQUITY | |
| | | |
| | | |
| | |
| Share capital | |
| 214 | | |
| 256 | | |
| 37 | |
| Treasury shares | |
| (8 | ) | |
| (2,961 | ) | |
| (423 | ) |
| Capital and reserves | |
| 5,652,916 | | |
| 8,011,879 | | |
| 1,145,683 | |
| Exchange fluctuation reserve | |
| 108,598 | | |
| (40,959 | ) | |
| (5,857 | ) |
| Accumulated
losses | |
| (918,697 | ) | |
| (843,984 | ) | |
| (120,688 | ) |
| Total
equity | |
| 4,843,023 | | |
| 7,124,231 | | |
| 1,018,752 | |
Condensed
statements of comprehensive income
| | |
2023 | | |
2024 | | |
2025 | | |
2025 | |
| | |
RMB | | |
RMB | | |
RMB | | |
US$ | |
| Other income and
gains | |
| 18,597 | | |
| 17,925 | | |
| 102,560 | | |
| 14,666 | |
| Operating expenses | |
| (8,118 | ) | |
| (9,983 | ) | |
| (27,800 | ) | |
| (3,975 | ) |
| Other
expenses | |
| (24,741 | ) | |
| (21,585 | ) | |
| (47 | ) | |
| (7 | ) |
| LOSS
BEFORE TAX | |
| (14,262 | ) | |
| (13,643 | ) | |
| 74,713 | | |
| 10,684 | |
| LOSS
FOR THE YEAR | |
| (14,262 | ) | |
| (13,643 | ) | |
| 74,713 | | |
| 10,684 | |
| Exchange
differences on translation | |
| 84,629 | | |
| 67,715 | | |
| (149,557 | ) | |
| (21,386 | ) |
| TOTAL
COMPREHENSIVE INCOME FOR THE YEAR | |
| 70,367 | | |
| 54,072 | | |
| (74,844 | ) | |
| (10,702 | ) |
Condensed
statements of cash flows
| | |
For
the years ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | | |
2025 | |
| | |
RMB | | |
RMB | | |
RMB | | |
US$ | |
Net
cash generated from(used in) operating activities | |
| 9,727 | | |
| (41,686 | ) | |
| 123,427 | | |
| 17,650 | |
| Net cash used in investing
activities | |
| (535,395 | ) | |
| (589,153 | ) | |
| (1,850,400 | ) | |
| (264,604 | ) |
Net
cash generated from financing activities | |
| 464,166 | | |
| 531,922 | | |
| 2,229,331 | | |
| 318,790 | |
| Effect
of foreign exchange rate changes, net | |
| 1,581 | | |
| 9,311 | | |
| (56,093 | ) | |
| (8,021 | ) |
Net
(decrease)/increase in cash and cash equivalents | |
| (59,921 | ) | |
| (89,606 | ) | |
| 446,265 | | |
| 63,815 | |
A
summary of the Company’s reserves is as follows:
| |
|
Capital
and
reserves |
|
|
Exchange
Fluctuation
reserve |
|
|
Accumulated
losses |
|
|
Total |
|
| |
|
RMB |
|
|
RMB |
|
|
RMB |
|
|
RMB |
|
| At
January 1, 2023 |
|
|
4,526,096 |
|
|
|
(43,746 |
) |
|
|
(890,792 |
) |
|
|
3,591,558 |
|
| Loss
for the year |
|
|
- |
|
|
|
- |
|
|
|
(14,262 |
) |
|
|
(14,262 |
) |
| Other
comprehensive income for the year: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exchange
differences on translation of the Company |
|
|
- |
|
|
|
84,629 |
|
|
|
- |
|
|
|
84,629 |
|
| Total
comprehensive income for the year |
|
|
- |
|
|
|
84,629 |
|
|
|
(14,262 |
) |
|
|
70,367 |
|
| Issue
of ordinary shares |
|
|
470,066 |
|
|
|
- |
|
|
|
- |
|
|
|
470,066 |
|
| Employees
share-based compensation scheme |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Pre-IPO
share option expenses |
|
|
3,750 |
|
|
|
- |
|
|
|
- |
|
|
|
3,750 |
|
| RSU
expenses |
|
|
27,753 |
|
|
|
- |
|
|
|
- |
|
|
|
27,753 |
|
| Exercise
of Pre-IPO share options |
|
|
7 |
|
|
|
- |
|
|
|
- |
|
|
|
7 |
|
| Vesting
of RSUs |
|
|
(11,123 |
) |
|
|
- |
|
|
|
- |
|
|
|
(11,123 |
) |
| Equity-settled
bonus |
|
|
55,466 |
|
|
|
- |
|
|
|
- |
|
|
|
55,466 |
|
| At
December 31, 2023 and January 1, 2024 |
|
|
5,072,015 |
|
|
|
40,883 |
|
|
|
(905,054 |
) |
|
|
4,207,844 |
|
| Loss
for the year |
|
|
- |
|
|
|
- |
|
|
|
(13,643 |
) |
|
|
(13,643 |
) |
| Other
comprehensive income for the year: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exchange
differences on translation of the Company |
|
|
- |
|
|
|
67,715 |
|
|
|
- |
|
|
|
67,715 |
|
| Total
comprehensive income for the year |
|
|
- |
|
|
|
67,715 |
|
|
|
(13,643 |
) |
|
|
54,072 |
|
| Issue
of ordinary shares |
|
|
533,923 |
|
|
|
- |
|
|
|
- |
|
|
|
533,923 |
|
| Employees
share-based compensation scheme |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| RSU
expenses |
|
|
20,924 |
|
|
|
- |
|
|
|
- |
|
|
|
20,924 |
|
| Exercise
of Pre-IPO share options |
|
|
6 |
|
|
|
- |
|
|
|
- |
|
|
|
6 |
|
| Vesting
of RSUs |
|
|
(14,671 |
) |
|
|
- |
|
|
|
- |
|
|
|
(14,671 |
) |
| Equity-settled
bonus |
|
|
40,719 |
|
|
|
- |
|
|
|
- |
|
|
|
40,719 |
|
| At
December 31, 2024 and January 1, 2025 |
|
|
5,652,916 |
|
|
|
108,598 |
|
|
|
(918,697 |
) |
|
|
4,842,817 |
|
| Loss
for the year |
|
|
- |
|
|
|
- |
|
|
|
74,713 |
|
|
|
74,713 |
|
| Other
comprehensive income for the year: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exchange
differences on translation of the Company |
|
|
- |
|
|
|
(149,557 |
) |
|
|
- |
|
|
|
(149,557 |
) |
| Total
comprehensive income for the year |
|
|
- |
|
|
|
(149,557 |
) |
|
|
74,713 |
|
|
|
(74,844 |
) |
| Issue
of ordinary shares |
|
|
2,279,855 |
|
|
|
- |
|
|
|
- |
|
|
|
2,279,855 |
|
| Employees
share-based compensation scheme |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Post-IPO
share option expenses |
|
|
2,420 |
|
|
|
- |
|
|
|
- |
|
|
|
2,420 |
|
| RSU
expenses |
|
|
18,454 |
|
|
|
- |
|
|
|
- |
|
|
|
18,454 |
|
| Exercise
of Pre-IPO share options |
|
|
4 |
|
|
|
- |
|
|
|
- |
|
|
|
4 |
|
| Vesting
of RSUs |
|
|
(638 |
) |
|
|
- |
|
|
|
- |
|
|
|
(638 |
) |
| Equity-settled
bonus |
|
|
58,868 |
|
|
|
- |
|
|
|
- |
|
|
|
58,868 |
|
| At
December 31, 2025 |
|
|
8,011,879 |
|
|
|
(40,959 |
) |
|
|
(843,984 |
) |
|
|
7,126,936 |
|
| At
December 31, 2025 in US$ |
|
|
1,145,683 |
|
|
|
(5,857 |
) |
|
|
(120,688 |
) |
|
|
1,019,138 |
|
The
separate condensed financial statements above have been presented on a “parent company only” basis. Under a “parent
company only” presentation, the Company’s investment in its subsidiaries is presented at cost. Such investment is presented
on the separate condensed statements of financial position of the Company as “Investment in subsidiaries”.
The
subsidiaries did not pay any dividends to the Company for the periods presented.
There
were no indicators of impairment associated with the investment in subsidiaries as of December 31, 2024 and 2025.
Certain
information and note disclosures normally included in financial statements prepared in accordance with IFRS Accounting Standards have
been condensed or omitted in this parent company only condensed financial information by reference to the Group’s consolidated
financial statements.
The
Company does not have any significant commitments or long-term obligations as of December 31, 2024 and 2025.
|