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Trade and other receivables (Tables)
 12 Months Ended
Dec. 31, 2020
Text block [abstract]  
Summary of Trade and Other Receivables
 
  
31.12.2019
RMB’000
 
  
31.12.2020
RMB’000
 
  
31.12.2020
US$’000
 
Trade receivables, gross
  
 
794,678
 
  
 
332,567
 
  
 
51,391
 
Less: Allowance for expected credit losses
  
 
(57,611
) 
  
 
(43,519
) 
  
 
(6,725
) 
  
 
 
   
 
 
   
 
 
 
Net trade receivables (Note 6.2)
  
 
737,067
 
  
 
289,048
 
  
 
44,666
 
Bills receivable
 
(i)
  
 
7,005,234
 
  
 
7,793,343
 
  
 
1,204,293
 
  
 
 
   
 
 
   
 
 
 
Total (Note 34)
  
 
7,742,301
 
  
 
8,082,391
 
  
 
1,248,959
 
  
 
 
   
 
 
   
 
 
 
Amounts receivable:
  
  
  
- associates and joint ventures (trade)
  
 
609
 
  
 
1,266
 
  
 
196
 
- associates and joint ventures
 
(non-trade)
  
 
11,185
 
  
 
11,119
 
  
 
1,718
 
- related parties (trade)
  
 
73,243
 
  
 
9,663
 
  
 
1,493
 
- related parties
 
(non-trade)
  
 
2,092
 
  
 
2,992
 
  
 
462
 
Staff advances
  
 
7,133
 
  
 
3,326
 
  
 
514
 
Interest receivables
  
 
12,224
 
  
 
4,999
 
  
 
772
 
Bills receivable in transit
  
 
8,700
 
  
 
12,620
 
  
 
1,950
 
Refundable deposits
  
 
2,131
 
  
 
283
 
  
 
44
 
Others
  
 
49,218
 
  
 
36,668
 
  
 
5,667
 
Less: Impairment losses – other receivables 
(ii)
  
 
(5,243
) 
  
 
(6,741
) 
  
 
(1,042
) 
  
 
 
   
 
 
   
 
 
 
Other receivables carried at amortized cost (Note 34)
  
 
161,292
 
  
 
76,195
 
  
 
11,774
 
Tax recoverable
  
 
223,652
 
  
 
236,400
 
  
 
36,531
 
Prepayments
  
 
63,048
 
  
 
64,102
 
  
 
9,906
 
  
 
 
   
 
 
   
 
 
 
Net other receivables
  
 
447,992
 
  
 
376,697
 
  
 
58,211
 
  
 
 
   
 
 
   
 
 
 
Total trade and other receivables
  
 
8,190,293
 
  
 
8,459,088
 
  
 
1,307,170
 
  
 
 
   
 
 
   
 
 
 
Note:
 
 
(i)
 
As of December 31, 2020, bills receivable includes bills received from related parties amounted to RMB 1,014.1 million (US$156.7 million) (2019: RMB 1,050.7 million) respectively.
As of December 31, 2019 and 2020, there was no bills receivable pledged to secure bank facilities.
 
 
(ii)
 
This comprised of impairment loss on bills receivable in transit of RMB 6.5 million (US$1.0 million) as of December 31, 2020 (2019: RMB 5.0 million). This impairment loss was charged to the consolidated statement of profit or loss under “Selling, general and administrative expenses”.
Movement in the Allowance for Expected Credit Losses of Trade and Other Receivables
Movement in the allowance for expected credit losses of trade and other receivables is as follows:
 
 
  
31.12.2019
RMB’000
 
  
31.12.2020
RMB’000
 
  
31.12.2020
US$’000
 
    
At January 1
  
 
30,586
 
  
 
62,854
 
  
 
9,713
 
Debit/(credit) to consolidated statement of profit or loss (under “
S
elling, general and administrative expenses”)
  
 
32,340
 
  
 
(12,349
) 
  
 
(1,908
) 
Written off
  
 
(62
) 
  
 
(242
) 
  
 
(37
) 
Translation difference
  
 
(10
) 
  
 
(3
) 
  
 
(1
) 
   
 
 
   
 
 
   
 
 
 
At December 31
  
 
62,854
 
  
 
50,260
 
  
 
7,767