Related parties and related party transactions (Tables)

12 Months Ended

Dec. 31, 2022

The following table sets forth the major related parties which have major transactions with the Group during the years ended December 31, 2020, 2021 and 2022:


Name of related parties		Relationship with the Company
Ping An Insurance (Group) Company of China, Ltd. and its subsidiaries		Significant influence on the Group and its subsidiaries

Summary of Related Party Transactions


	Year ended December 31,
	2020			2021			2022
	RMB’000			RMB’000			RMB’000
Technology platform based income
Ping An Insurance (Group) Company of China, Ltd. and its subsidiaries		635,143			1,414,885			1,529,485

Other income
Ping An Insurance (Group) Company of China, Ltd. and its subsidiaries		1,234,616			3,538,974			1,053,718

Investment income
Ping An Insurance (Group) Company of China, Ltd. and its subsidiaries		261,148			594,446			338,252

Finance costs-Interest income
Ping An Insurance (Group) Company of China, Ltd. and its subsidiaries		147,638			247,238			281,130

Finance costs-Interest expense
Ping An Insurance (Group) Company of China, Ltd. and its subsidiaries		67,468			6,151			25,435

Sales and marketing expenses, general and administrative expenses, operation and servicing expenses, and technology and analytics expenses
Ping An Insurance (Group) Company of China, Ltd. and its subsidiaries		3,090,052			3,294,358			2,919,391

Other gains/(losses) – net
Ping An Insurance (Group) Company of China, Ltd. and its subsidiaries		(499,543	)		(211,674	)		350,329


	As of December 31,
	2021		2022
	RMB’000		RMB’000
Trade related (i)
Cash
Ping An Insurance (Group) Company of China, Ltd. and its subsidiaries		9,648,043		14,316,239

Account and other receivables and contract assets
Ping An Insurance (Group) Company of China, Ltd. and its subsidiaries		1,386,252		1,310,245

Accounts and other payables and contract liabilities and other liabilities
Ping An Insurance (Group) Company of China, Ltd. and its subsidiaries		723,646		560,888


	As of December 31,
	2021		2022
	RMB’000		RMB’000
Non-trade related (ii)
Account and other receivables and contract assets and other assets
Ping An Insurance (Group) Company of China, Ltd. and its subsidiaries		1,665,875		1,641,361

Payable to platform investors, accounts and other payables and contract liabilities and other liabilities
Ping An Insurance (Group) Company of China, Ltd. and its subsidiaries		78,102		3,839,817

Financial assets at amortized cost
Ping An Insurance (Group) Company of China, Ltd. and its subsidiaries		1,279,156		2,504,622

Borrowings
Ping An Insurance (Group) Company of China, Ltd. and its subsidiaries		—		820,716

Financial assets at fair value through profit or loss
Ping An Insurance (Group) Company of China, Ltd. and its subsidiaries		3,500,726		—

(i)	The balances with related parties were unsecured, interest-free and repayable on demand.

Summary of Compensation of key Management Personnel

The following table sets forth the compensations paid or payable to key management for employee services:


	Year ended December 31,
	2020		2021		2022
	RMB’000		RMB’000		RMB’000
Wages and salaries		29,192		26,728		21,081
Welfare and other benefits		34,560		29,804		16,038

Including: Bonuses		28,061		24,066		8,617

Share-based payment		68,771		56,317		22,719

		132,523		112,849		59,838