Goodwill (Tables)

12 Months Ended

Dec. 31, 2022

Disclosure of reconciliation of changes in goodwill [line items]

Summary of Reconciliation of Changes in Goodwill


	As of January 1, 2020			Increase		Decrease		As of December 31, 2020
	RMB’000			RMB’000		RMB’000		RMB’000
Puhui		8,911,445			—		—		8,911,445
Tianjin Guarantee		126,207			—		—		126,207
Pingan Jixin		67,752			—		—		67,752
Lu International (Hong Kong) Limited		6,663			—		—		6,663
Yunque Dongfang		2,800			—		—		2,800
Jinniu Loan		2,515			—		—		2,515

		9,117,382			—		—		9,117,382
Less: Impairment losses		(70,552	)		—		—		(70,552	)

		9,046,830			—		—		9,046,830


	As of January 1, 2021			Increase			Decrease		As of December 31, 2021
	RMB’000			RMB’000			RMB’000		RMB’000
Puhui		8,911,445			—			—		8,911,445
Tianjin Guarantee		126,207			—			—		126,207
Pingan Jixin		67,752			—			—		67,752
Lu International (Hong Kong) Limited		6,663			—			—		6,663
Yunque Dongfang		2,800			—			—		2,800
Jinniu Loan		2,515			—			—		2,515

		9,117,382			—			—		9,117,382
Less: Impairment losses		(70,552	)		(128,722	)		—		(199,274	)

		9,046,830			(128,722	)		—		8,918,108


	As of January 1, 2022			Increase			Decrease			As of December 31, 2022
	RMB’000			RMB’000			RMB’000			RMB’000
Puhui		8,911,445			—			—			8,911,445
Tianjin Guarantee		126,207			—			(126,207	)		—
Pingan Jixin		67,752			—			—			67,752
Lu International (Hong Kong) Limited		6,663			—			—			6,663
Yunque Dongfang		2,800			—			(2,800	)		—
Jinniu Loan		2,515			—			—			2,515

		9,117,382			—			(129,007	)		8,988,375
Less: Impairment losses (a)		(199,274	)		(6,663	)		129,007			(76,930	)

		8,918,108			(6,663	)		—			8,911,445

(a)	As of December 31, 2022, Pingan Jixin, Lu International (Hong Kong) Limited, and Jinniu Loan were fully impaired. Tianjin Guarantee and Yunque Dongfang were written off.

Goodwill [member]

Disclosure of reconciliation of changes in goodwill [line items]

Summary of Key Assumptions Used for Value-in-use Calculations

The key assumptions used for

value-in-use

calculations are as follows:


	As of December 31,
	2020		2021		2022
Pre-tax discount rates		24%-27%		27%		19%
Revenue growth rates		3%-275%		3%-8%		-22%-30%
Long term growth rate		3%		3%		2%

Summary of Recoverable Amount of Cash Generating Units Exceeding Carrying Amount

The recoverable amount of Puhui exceeded its carrying amount:


	As of December 31,
	2020		2021		2022
	RMB’000		RMB’000		RMB’000
Recoverable amount of the CGU exceeded its carrying amount		58,347,954		46,780,343		31,032,688

Summary of Possible Changes of Key Assumptions of Cash Generating Units

The following table sets forth the impact of reasonable possible changes in

ach of the key assumptions, with all other variables held constant, on Puhui impairment testing at the dates indicated. As shown below, the possible changes of key parameters would not cause the carrying amount of the CGU to exceed its recoverable amount at the dates indicated.


	Recoverable amount of the CGU exceeded its carrying amount
	As of December 31,
Possible changes of key assumptions	2020		2021		2022
	RMB’000		RMB’000		RMB’000
Revenue growth rate decrease by 5%		51,446,124		45,153,184		12,785,375
Pre-tax discount rate plus 1%		54,371,643		43,239,361		25,826,383