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Parent company only condensed financial information | 12 Months Ended
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Dec. 31, 2022
Text block [abstract] |
Parent company only condensed financial information |
48 | Parent company only condensed financial information
Parent company only financial statements include condensed financial information as to statements of financial position, cash flows and comprehensive income of a parent company as of the same dates and for the same periods for which the consolidated financial statements have been presented. The Company did not have significant capital and other commitments or guarantees as of December 31, 2022. The subsidiaries did not pay any dividend to the Company for the periods presented.
(a) | Investments accounted for using the equity method
|  | As of December 31, |
|  | 2020 |  |  | 2021 |  |  | 2022 |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
Investments in subsidiaries |  |  | 77,046,809 |  |  |  | 95,412,806 |  |  |  | 106,249,382 |
Investments in associates |  |  | 489,931 |  |  |  | 459,496 |  |  |  | 39,271 |
|  |  | 77,536,740 |  |  |  | 95,872,302 |  |  |  | 106,288,653 |
Condensed Statements of Comprehensive Income
|  | Year ended December 31, |
|  | 2020 |  |  | 2021 |  |  | 2022 |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
Investment income |  |  | 113,793 |  |  |  | 60,006 |  |  |  | 38,695 |
Income from subsidiaries and VIEs |  |  | 15,149,508 |  |  |  | 18,035,463 |  |  |  | 10,683,088 |
Total income |  |  | 15,263,301 |  |  |  | 18,095,469 |  |  |  | 10,721,783 |
General and administrative expenses |  |  | (91,233 | ) |  |  | (113,056 | ) |  |  | (113,983 | )
Credit impairment losses |  |  | (6,314 | ) |  |  | 2,210 |  |  |  | 6,972 |
Finance costs |  |  | (2,901,518 | ) |  |  | (1,380,292 | ) |  |  | (1,753,486 | )
Other gains/(losses) - net |  |  | 89,878 |  |  |  | 202,562 |  |  |  | (161,917 | )
Total expenses |  |  | (2,909,187 | ) |  |  | (1,288,576 | ) |  |  | (2,022,414 | )
Income before income tax expenses |  |  | 12,354,114 |  |  |  | 16,806,893 |  |  |  | 8,699,369 |
Less: Income tax expenses |  |  | — |  |  |  | (2,513 | ) |  |  | — |
Net profit for the year |  |  | 12,354,114 |  |  |  | 16,804,380 |  |  |  | 8,699,369 |
Net profit attributable to: |  |  |  |  |  |  |  |  |  |  |  |
Owners of the Company |  |  | 12,354,114 |  |  |  | 16,804,380 |  |  |  | 8,699,369 |
Other comprehensive income/(loss), net of tax: |  |  |  |  |  |  |  |  |  |  |  |
-Exchange differences on translation of foreign operations |  |  | 614,399 |  |  |  | 28,402 |  |  |  | (1,581,252 | )
Total comprehensive income for the year |  |  | 12,968,513 |  |  |  | 16,832,782 |  |  |  | 7,118,117 |
Total comprehensive income attributable to: |  |  |  |  |  |  |  |  |  |  |  |
Owners of the Company |  |  | 12,968,513 |  |  |  | 16,832,782 |  |  |  | 7,118,117 |
Condensed Statements of Financial Position
|  | As of December 31, |
|  | Note |  |  | 2021 |  |  | 2022 |
|  |  |  | RMB’000 |  |  | RMB’000 |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |
Cash at bank |  |  | 16 |  |  |  | 1,813,616 |  |  |  | 1,644,302 |
Financial assets at fair value through profit or loss |  |  | 17 |  |  |  | 383,888 |  |  |  | 767,636 |
Financial assets at amortized cost |  |  | 18 |  |  |  | 8,846,623 |  |  |  | 155,602 |
Accounts and other receivables and contract assets |  |  | 20 |  |  |  | 4,641,662 |  |  |  | 1,627,343 |
Investments accounted for using the equity method |  |  | 48(a) |  |  |  | 95,872,302 |  |  |  | 106,288,653 |
Total assets |  |  |  |  |  |  | 111,558,091 |  |  |  | 110,483,536 |
LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |
Borrowings |  |  | 29 |  |  |  | 319,926 |  |  |  | 139,054 |
Accounts and other payables and contract liabilities |  |  | 31 |  |  |  | 74,928 |  |  |  | 3,803,643 |
Convertible promissory note payable |  |  | 34 |  |  |  | 10,669,498 |  |  |  | 5,164,139 |
Optionally convertible promissory notes |  |  | 35 |  |  |  | 7,405,103 |  |  |  | 8,142,908 |
Other liabilities |  |  |  |  |  |  | 34,941 |  |  |  | 43,946 |
Total liabilities |  |  |  |  |  |  | 18,504,396 |  |  |  | 17,293,690 |
EQUITY |  |  |  |  |  |  |  |  |  |  |  |
Share capital |  |  | 37 |  |  |  | 75 |  |  |  | 75 |
Share premium |  |  | 37 |  |  |  | 33,365,786 |  |  |  | 32,073,874 |
Treasury shares |  |  | 38 |  |  |  | (5,560,104 | ) |  |  | (5,642,769 | )
Other reserves |  |  | 39 |  |  |  | 9,304,995 |  |  |  | 2,158,432 |
Retained earnings |  |  |  |  |  |  | 55,942,943 |  |  |  | 64,600,234 |
Total equity |  |  |  |  |  |  | 93,053,695 |  |  |  | 93,189,846 |
Total liabilities and equity |  |  |  |  |  |  | 111,558,091 |  |  |  | 110,483,536 |
Condensed Statements of Cash Flows
|  | Year ended December 31, |
|  | 2020 |  |  | 2021 |  |  | 2022 |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |
Cash flows from operating activities |  |  |  |  |  |  |  |  |  |  |  |
Cash used in operating activities |  |  | (98,869 | ) |  |  | (105,253 | ) |  |  | 166,134 |
Net cash generated from/(used in) operating activities |  |  | (98,869 | ) |  |  | (105,253 | ) |  |  | 166,134 |
Cash flows from investing activities |  |  |  |  |  |  |  |  |  |  |  |
Capital contribution to consolidated entities |  |  | (1,898,193 | ) |  |  | (109,635 | ) |  |  | — |
Payment for advances to consolidated entities |  |  | (9,456,072 | ) |  |  | (3,689,678 | ) |  |  | (160,000 | )
Receipts of repayments of the advances and capital return from consolidated entities |  |  | 2,374,680 |  |  |  | 7,249,502 |  |  |  | 12,450,046 |
Proceeds and interest from sale of investment assets |  |  | 1,875 |  |  |  | 6,522 |  |  |  | 419,538 |
Payment for acquisition of investment assets |  |  | — |  |  |  | (383,798 | ) |  |  | (764,885 | )
Net cash generated from/(used in) investing activities |  |  | (8,977,710 | ) |  |  | 3,072,913 |  |  |  | 11,944,699 |
Cash flows from financing activities |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from issuance of shares and other equity securities |  |  | 17,343,739 |  |  |  | — |  |  |  | — |
Proceeds from exercise of share-based payment |  |  | — |  |  |  | 43,456 |  |  |  | 95,911 |
Proceeds from borrowings |  |  | — |  |  |  | 319,535 |  |  |  | 134,228 |
Repayment of borrowings |  |  | (1,128,036 | ) |  |  | (369,929 | ) |  |  | (374,464 | )
Repayment of convertible promissory note payable |  |  | — |  |  |  | — |  |  |  | (3,747,386 | )
Payment for interest expenses |  |  | (1,034,617 | ) |  |  | (555,304 | ) |  |  | (621,246 | )
Payment for dividend declared |  |  | — |  |  |  | — |  |  |  | (7,717,474 | )
Payment for repurchase of ordinary shares |  |  | — |  |  |  | (6,438,455 | ) |  |  | — |
Other financing activities |  |  | (4,745 | ) |  |  | (1,131 | ) |  |  | — |
Net cash generated from/(used in) financing activities |  |  | 15,176,341 |  |  |  | (7,001,828 | ) |  |  | (12,230,431 | )
Effect of exchange rate changes on cash and cash equivalents |  |  | (336,426 | ) |  |  | (62,027 | ) |  |  | (49,716 | )
Net increase/(decrease) in cash and cash equivalents |  |  | 5,763,336 |  |  |  | (4,096,195 | ) |  |  | (169,314 | )
Add: Cash and cash equivalents at the beginning of the year |  |  | 146,475 |  |  |  | 5,909,811 |  |  |  | 1,813,616 |
Cash and cash equivalents at the end of the year |  |  | 5,909,811 |  |  |  | 1,813,616 |  |  |  | 1,644,302 |

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