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v3.23.1

Note to Consolidated Statements of Cash flows (Tables) | 12 Months Ended
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Dec. 31, 2022
Disclosure of reconciliation from profit before income tax to cash used in operating activities [Abstract] |
Disclosure of Reconciliation From Profit Before Income Tax to Cash Used In Operating Activities |
(a) | Reconciliation from profit before income tax expenses to cash generated from operating activities:
|  | Year ended December 31, |
|  | 2020 |  |  | 2021 |  |  | 2022 |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
Profits before income tax |  |  | 17,909,505 |  |  |  | 23,400,178 |  |  |  | 13,013,271 |
Adjustments for: |  |  |  |  |  |  |  |  |  |  |  |
Depreciation of property and equipment |  |  | 226,862 |  |  |  | 193,511 |  |  |  | 177,799 |
Depreciation of right-of-use assets |  |  | 604,018 |  |  |  | 608,889 |  |  |  | 578,014 |
Amortization of intangible assets |  |  | 31,831 |  |  |  | 22,234 |  |  |  | 15,325 |
Share of loss/(profit) of associates and joint ventures |  |  | (14,837 | ) |  |  | 31,143 |  |  |  | 218 |
Net gains on sale of property and equipment, and intangible assets |  |  | 184 |  |  |  | 6,681 |  |  |  | 24,256 |
Net unrealized losses on financial assets at fair value through profit or loss |  |  | 558,044 |  |  |  | 483,356 |  |  |  | 212,297 |
Non-cash employee benefits expense-share based payment |  |  | 165,248 |  |  |  | 133,395 |  |  |  | 45,919 |
Asset impairment losses |  |  | 7,168 |  |  |  | 1,100,882 |  |  |  | 427,108 |
Credit impairment losses |  |  | 2,768,499 |  |  |  | 5,658,259 |  |  |  | 11,956,103 |
Finance cost classified as financing activities |  |  | 3,137,737 |  |  |  | 1,808,050 |  |  |  | 2,502,008 |
Investment income classified as investing activities |  |  | (1,127,006 | ) |  |  | (1,592,319 | ) |  |  | (1,460,167 | )
Foreign exchange losses/(gains) |  |  | (192,337 | ) |  |  | (206,753 | ) |  |  | 877,232 |
|  |  | 24,074,916 |  |  |  | 31,647,506 |  |  |  | 28,369,383 |
Change in operating assets and liabilities, net of effects from purchase of controlled entity: |  |  |  |  |  |  |  |  |  |  |  |
Decrease/(increase) in loans to customers and accounts and other receivables |  |  | (68,897,073 | ) |  |  | (101,160,641 | ) |  |  | 10,415,490 |
Increase/(decrease) in accounts and other payables |  |  | 56,166,868 |  |  |  | 82,508,406 |  |  |  | (24,054,567 | )
|  |  | 11,344,711 |  |  |  | 12,995,271 |  |  |  | 14,730,306 |
Disclosure of Net Increase in Cash and Cash Equivalents |
(b) | Net increase in cash and cash equivalents
|  | Year ended December 31, |
|  | 2020 |  |  | 2021 |  |  | 2022 |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
Cash and cash equivalents at the end of the year |  |  | 23,785,651 |  |  |  | 26,496,310 |  |  |  | 29,537,511 |
Less: Cash and cash equivalents at the beginning of the year |  |  | (7,312,061 | ) |  |  | (23,785,651 | ) |  |  | (26,496,310 | )
Net increase in cash and cash equivalents |  |  | 16,473,590 |  |  |  | 2,710,659 |  |  |  | 3,041,201 |
Disclosure of Cash and Cash Equivalents |
(c) | Cash and cash equivalents
|  | Year ended December 31, |
|  | 2020 |  |  | 2021 |  |  | 2022 |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
Cash at bank (Note 16) |  |  | 24,158,568 |  |  |  | 34,743,188 |  |  |  | 43,882,127 |
Less: Time deposits with original maturities of more than 3 months |  |  | (373,102 | ) |  |  | (8,250,270 | ) |  |  | (14,346,731 | )
Add: Provision for impairment losses |  |  | 185 |  |  |  | 3,392 |  |  |  | 2,115 |
Cash and cash equivalents at the end of the year |  |  | 23,785,651 |  |  |  | 26,496,310 |  |  |  | 29,537,511 |
Disclosure of Movements in Net Debt | This section sets out an analysis of net debt and the movements in net debt for each of the years ended December 31, 2020, 2021 and 2022.
|  | Borrowings |  |  | Bond payable |  |  | Convertible promissory note payable |  |  | Convertible redeemable preferred shares |  |  | Lease liabilities |  |  | Optionally convertible promissory note |  |  | Total |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
As of January 1, 2020 |  |  | 2,989,862 |  |  |  | — |  |  |  | 10,014,377 |  |  |  | 10,258,898 |  |  |  | 939,089 |  |  |  | — |  |  |  | 24,202,226 |
Cash flows |  |  | 7,583,729 |  |  |  | — |  |  |  | (92,981 | ) |  |  | (928,242 | ) |  |  | (596,575 | ) |  |  | — |  |  |  | 5,965,931 |
C-round restructuring |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (9,234,748 | ) |  |  | — |  |  |  | 7,762,475 |  |  |  | (1,472,273 | )
Conversion of Class C ordinary shares to ordinary shares upon IPO |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (367,916 | ) |  |  | — |  |  |  | — |  |  |  | (367,916 | )
Acquisitions-leases |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 653,251 |  |  |  | — |  |  |  | 653,251 |
Disposals-leases |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (62,913 | ) |  |  | — |  |  |  | (62,913 | )
Foreign exchange adjustments |  |  | (469,452 | ) |  |  | — |  |  |  | (687,967 | ) |  |  | (262,678 | ) |  |  | — |  |  |  | (359,442 | ) |  |  | (1,779,539 | )
Accrued expense |  |  | 211,306 |  |  |  | — |  |  |  | 883,759 |  |  |  | 534,686 |  |  |  | 46,567 |  |  |  | 127,509 |  |  |  | 1,803,827 |
As of December 31, 2020 |  |  | 10,315,445 |  |  |  | — |  |  |  | 10,117,188 |  |  |  | — |  |  |  | 979,419 |  |  |  | 7,530,542 |  |  |  | 28,942,594 |
Cash flows |  |  | 15,242,903 |  |  |  | — |  |  |  | (100,937 | ) |  |  | — |  |  |  | (663,160 | ) |  |  | (446,953 | ) |  |  | 14,031,853 |
Acquisitions-leases |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 501,663 |  |  |  | — |  |  |  | 501,663 |
Disposals-leases |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (62,087 | ) |  |  | — |  |  |  | (62,087 | )
Foreign exchange adjustments |  |  | (227,077 | ) |  |  | — |  |  |  | (239,754 | ) |  |  | — |  |  |  | — |  |  |  | (173,565 | ) |  |  | (640,396 | )
Accrued expense |  |  | 596,146 |  |  |  | — |  |  |  | 893,001 |  |  |  | — |  |  |  | 38,709 |  |  |  | 495,079 |  |  |  | 2,022,935 |
As of December 31, 2021 |  |  | 25,927,417 |  |  |  | — |  |  |  | 10,669,498 |  |  |  | — |  |  |  | 794,544 |  |  |  | 7,405,103 |  |  |  | 44,796,562 |
Cash flows |  |  | 8,675,099 |  |  |  | 2,010,782 |  |  |  | (3,863,265 | ) |  |  | — |  |  |  | (604,172 | ) |  |  | (493,134 | ) |  |  | 5,725,310 |
Redemption of convertible promissory notes |  |  | — |  |  |  | — |  |  |  | (3,697,127 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (3,697,127 | )
Acquisitions-leases |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 589,488 |  |  |  | — |  |  |  | 589,488 |
Disposals-leases |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (72,455 | ) |  |  | — |  |  |  | (72,455 | )
Foreign exchange adjustments |  |  | 772,437 |  |  |  | 75,524 |  |  |  | 1,009,422 |  |  |  | — |  |  |  | — |  |  |  | 709,192 |  |  |  | 2,566,575 |
Accrued expense |  |  | 1,540,560 |  |  |  | 57,042 |  |  |  | 1,045,611 |  |  |  | — |  |  |  | 41,402 |  |  |  | 521,747 |  |  |  | 3,206,362 |
As of December 31, 2022 |  |  | 36,915,513 |  |  |  | 2,143,348 |  |  |  | 5,164,139 |  |  |  | — |  |  |  | 748,807 |  |  |  | 8,142,908 |  |  |  | 53,114,715 |

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