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Fair value measurement (Tables)
 12 Months Ended
Dec. 31, 2019
Text block [abstract]  
Fair Value Measurement Hierarchy for Assets and Liabilities
Quantitative disclosures fair value measurement hierarchy for assets and liabilities as at December 31, 2018:
 
 
  
 
 
  
Fair value measurement using
 
 
  
Date of
valuation
 
  
 
 
  
Quoted
prices
in
active
markets
 
  
Significant
observable
inputs
 
  
Significant
unobservable
inputs
 
 
  
Total
 
  
(Level 1)
 
  
(Level 2)
 
  
(Level 3)
 
 
  
RMB’000
 
  
RMB’000
 
  
RMB’000
 
  
RMB’000
 
      
Assets measured at fair value
  
   
  
   
  
   
  
   
  
   
Quoted equity securities:
  
   
  
   
  
   
  
   
  
   
Quoted equity shares – TCL (Note 16)
  
 
December 31,
2018
 
 
  
 
21,876
 
  
 
21,876
 
  
 
—  
 
  
 
—  
 
Derivative financial assets:
  
   
  
   
  
   
  
   
  
   
Foreign exchange forward contract – USD
(i)
(Note 16)
  
 
December 31,
2018
 
 
  
 
4,529
 
  
 
—  
 
  
 
4,529
 
  
 
—  
 
Debt instruments
(ii)
:
  
   
  
   
  
   
  
   
  
   
Bills receivable (Note 17)
  
 
December 31,
2018
 
 
  
 
6,981,106
 
  
 
—  
 
  
 
6,981,106
 
  
 
—  
 
 
  
   
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
 
Quantitative disclosures fair value measurement hierarchy for assets and liabilities as at December 31, 2019:
 
 
  
 
 
  
Fair value measurement using
 
 
  
Date of
valuation
 
  
 
 
  
 
 
  
Quoted
prices
in
active
markets
 
  
Significant
observable
inputs
 
  
Significant
unobservable
inputs
 
 
  
Total
 
  
Total
 
  
(Level 1)
 
  
(Level 2)
 
  
(Level 3)
 
 
  
US$’000
 
  
RMB’000
 
  
RMB’000
 
  
RMB’000
 
  
RMB’000
 
       
Assets measured at fair value
  
   
  
   
  
   
  
   
  
   
  
   
Quoted equity securities:
  
   
  
   
  
   
  
   
  
   
  
   
Quoted equity shares – TCL (Note 16)
  
 
December 31,
2019
 
 
  
 
1,304
 
  
 
9,235
 
  
 
9,235
 
  
 
—  
 
  
 
—  
 
Debt financial assets
(ii)
:
  
   
  
   
  
   
  
   
  
   
  
   
Bills receivable (Note 17)
  
 
December 31,
2019
 
 
  
 
988,728
 
  
 
7,005,234
 
  
 
—  
 
  
 
7,005,234
 
  
 
—  
 
 
  
   
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Liabilities
measured at fair value
  
   
  
   
  
   
  
   
  
   
  
   
Derivative financial liabilities:
  
   
  
   
  
   
  
   
  
   
  
   
Foreign exchange forward contract – USD
(i)
(Note 28)
  
 
December 31,
2019
 
 
  
 
141
 
  
 
999
 
  
 
—  
 
  
 
999
 
  
 
—  
 
 
  
   
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Note:
 
 
(i)
 
Forward currency contracts are valued using a valuation technique with market observable inputs. The most frequently applied valuation techniques include forward pricing, using present value calculations. The models incorporate various inputs including the foreign exchange spot and forward rates.
 
(ii)
 
The fair value of the Group’s debt financial assets is measured based on quoted market interest rates of similar instruments.