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Depreciation, amortization, shipping and handling expenses (Tables) | 12 Months Ended
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Dec. 31, 2021
Text block [abstract] |
Summary of Depreciation and Amortization |
| (a) | Depreciation and amortization expenses
|  | 31.12.2019 |  |  | 31.12.2020 |  |  | 31.12.2021 |  |  | 31.12.2021 |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | US$’000 |
Amortization of intangible assets (i) |  |  | 1,012 |  |  |  | 1,012 |  |  |  | 38,957 |  |  |  | 6,162 |
Depreciation of investment property |  |  | 380 |  |  |  | 376 |  |  |  | 355 |  |  |  | 56 |
Depreciation of property, plant and equipment |  |  | 422,859 |  |  |  | 450,092 |  |  |  | 492,826 |  |  |  | 77,952 |
Depreciation of right-of-use assets ( i i) |  |  | 40,958 |  |  |  | 43,127 |  |  |  | 41,458 |  |  |  | 6,558 |
|  |  | 465,209 |  |  |  | 494,607 |  |  |  | 573,596 |  |  |  | 90,728 |
Note:
| (i) | The higher amortization charges in 2021 is mainly due to the amortization charged on additional Technology Know-how recognized during the year which are transferred from Group capitalized development cost upon completion and ready for use.
| (i i ) | In 2020, COVID-19 related rent rebate received from lessors of RMB 0.2 million h as been offset against the depreciation of right-of-use assets.
Depreciation and amortization expenses are included in the following captions:
|  | 31.12.2019 |  |  | 31.12.2020 |  |  | 31.12.2021 |  |  | 31.12.2021 |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | US$’000 |
Cost of sales |  |  | 315,445 |  |  |  | 327,866 |  |  |  | 381,248 |  |  |  | 60,303 |
Research and development expenses |  |  | 16,470 |  |  |  | 26,815 |  |  |  | 41,835 |  |  |  | 6,618 |
Selling, general and administrative expenses |  |  | 133,294 |  |  |  | 139,926 |  |  |  | 150,513 |  |  |  | 23,807 |
|  |  | 465,209 |  |  |  | 494,607 |  |  |  | 573,596 |  |  |  | 90,728 |
Summary of Sales Related Shipping and Handling Expenses Not Separately Billed to Customers | Sales related shipping and handling expenses not separately billed to customers are included in the following caption:
|  | 31.12.2019 |  |  | 31.12.2020 |  |  | 31.12.2021 |  |  | 31.12.2021 |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | US$’000 |
Selling, general and administrative expenses |  |  | 221,255 |  |  |  | 237,683 |  |  |  | 224,292 |  |  |  | 35,477 |
Summary of Other Operating Income |
7.2 | (a) Other operating income
|  | 31.12.2019 |  |  | 31.12.2020 |  |  | 31.12.2021 |  |  | 31.12.2021 |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | US$’000 |
Interest income |  |  | 177,261 |  |  |  | 166,970 |  |  |  | 132,083 |  |  |  | 20,892 |
Dividend income from quoted equity securities |  |  | 959 |  |  |  | 166 |  |  |  | 168 |  |  |  | 26 |
Gain on disposal of: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- property, plant and equipment |  |  | — |  |  |  | — |  |  |  | 1,224 |  |  |  | 194 |
- quoted equity securities |  |  | 11,528 |  |  |  | 874 |  |  |  | 5,416 |  |  |  | 857 |
- right-of-use assets |  |  | 9,237 |  |  |  | 2,574 |  |  |  | 14,714 |  |  |  | 2,327 |
Government grants |  |  | 122,371 |  |  |  | 209,793 |  |  |  | 152,932 |  |  |  | 24,190 |
Fair value gain on quoted equity securities |  |  | 1,118 |  |  |  | — |  |  |  | 138 |  |  |  | 22 |
Fair value gain on foreign exchange forward contract |  |  | — |  |  |  | 999 |  |  |  | — |  |  |  | — |
Realised foreign exchange gain, net |  |  | 3,604 |  |  |  | 1,390 |  |  |  | — |  |  |  | — |
Unrealised foreign exchange gain, net |  |  | 4,679 |  |  |  | 1,827 |  |  |  | — |  |  |  | — |
Others |  |  | 16,404 |  |  |  | 15,676 |  |  |  | 19,496 |  |  |  | 3,083 |
|  |  | 347,161 |  |  |  | 400,269 |  |  |  | 326,171 |  |  |  | 51,591 |
Summary of Other Operating Expenses |
7.2 | (b) Other operating e x penses
|  | 31.12.2019 |  |  | 31.12.2020 |  |  | 31.12.2021 |  |  | 31.12.2021 |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | US$’000 |
Fair value loss on quoted equity securities |  |  | — |  |  |  | 1,196 |  |  |  | — |  |  |  | — |
Fair value loss on foreign exchange forward contract |  |  | 5,529 |  |  |  | — |  |  |  | — |  |  |  | — |
Loss on disposal of property, plant and equipment |  |  | 645 |  |  |  | 4,183 |  |  |  | — |  |  |  | — |
Provision/(reversal) for onerous contract, net |  |  | — |  |  |  | 13,639 |  |  |  | (8,810 | ) |  |  | (1,394 | )
Realised foreign exchange loss, net |  |  | — |  |  |  | — |  |  |  | (1,532 | ) |  |  | (242 | )
Unrealised foreign exchange loss, net |  |  | — |  |  |  | — |  |  |  | 3,271 |  |  |  | 518 |
Unrecoverable value added tax |  |  | — |  |  |  | — |  |  |  | 11,164 |  |  |  | 1,766 |
Others |  |  | 2,501 |  |  |  | 2,304 |  |  |  | 5,889 |  |  |  | 931 |
|  |  | 8,675 |  |  |  | 21,322 |  |  |  | 9,982 |  |  |  | 1,579 |
Summary of Finance Costs |
7.3 | Finance costs
|  | 31.12.2019 |  |  | 31.12.2020 |  |  | 31.12.2021 |  |  | 31.12.2021 |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | US$’000 |
Bank term loans |  |  | 76,721 |  |  |  | 95,357 |  |  |  | 82,109 |  |  |  | 12,987 |
Bills discounting |  |  | 47,212 |  |  |  | 49,738 |  |  |  | 27,864 |  |  |  | 4,408 |
Bank charges |  |  | 4,945 |  |  |  | 3,877 |  |  |  | 4,136 |  |  |  | 654 |
Interest on lease liabilities (Note 17) |  |  | 2,918 |  |  |  | 2,198 |  |  |  | 1,819 |  |  |  | 288 |
|  |  | 131,796 |  |  |  | 151,170 |  |  |  | 115,928 |  |  |  | 18,337 |
Summary of Staff Costs |
7.4 | Staff costs
|  | 31.12.2019 |  |  | 31.12.2020 |  |  | 31.12.2021 |  |  | 31.12.2021 |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | US$’000 |
Wages and salaries |  |  | 1,122,712 |  |  |  | 1,364,751 |  |  |  | 1,338,777 |  |  |  | 211,758 |
Contribution to defined contribution plans |  |  | 324,623 |  |  |  | 287,830 |  |  |  | 386,551 |  |  |  | 61,142 |
Executive bonuses |  |  | 59,791 |  |  |  | 59,908 |  |  |  | 19,355 |  |  |  | 3,061 |
Staff welfare |  |  | 82,692 |  |  |  | 94,982 |  |  |  | 93,992 |  |  |  | 14,867 |
Staff severance cost |  |  | 15,454 |  |  |  | 19,712 |  |  |  | 11,771 |  |  |  | 1,862 |
Others |  |  | 6,012 |  |  |  | 3,439 |  |  |  | 4,887 |  |  |  | 773 |
|  |  | 1,611,284 |  |  |  | 1,830,622 |  |  |  | 1,855,333 |  |  |  | 293,463 |
Staff costs are included in the following captions :
|  | 31.12.2019 |  |  | 31.12.2020 |  |  | 31.12.2021 |  |  | 31.12.2021 |
|  | RMB’000 |  |  | RMB’000 |  |  | RMB’000 |  |  | US$’000 |
Cost of sales |  |  | 808,763 |  |  |  | 912,304 |  |  |  | 985,676 |  |  |  | 155,907 |
Research and development expenses |  |  | 243,049 |  |  |  | 258,118 |  |  |  | 283,543 |  |  |  | 44,849 |
Selling, general and administrative expenses |  |  | 559,472 |  |  |  | 660,200 |  |  |  | 586,114 |  |  |  | 92,707 |
|  |  | 1,611,284 |  |  |  | 1,830,622 |  |  |  | 1,855,333 |  |  |  | 293,463 |

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