Trade and other receivables (Tables)

12 Months Ended

Dec. 31, 2021


	31.12.2020 RMB’000			31.12.2021 RMB’000			31.12.2021 US$’000
Trade receivables, gross		332,567			557,767			88,224
Less: Allowance for expected credit losses		(43,519	)		(33,210	)		(5,253	)

Net trade receivables (Note 6.2)		289,048			524,557			82,971
Bills receivable (i)		7,793,343			6,437,100			1,018,174

Total (Note 34)		8,082,391			6,961,657			1,101,145

Amounts receivable:
- associates and joint ventures (trade)		1,266			243			38
- associates and joint ventures (non-trade)		11,119			11,959			1,892
- related parties (trade)		9,663			70,594			11,166
- related parties (non-trade)		2,992			459			73
Bills receivable in transit		12,620			22,360			3,537
Interest receivables		4,999			11,788			1,865
Staff advances		3,326			5,578			882
Others		36,951			24,085			3,810
Less: Impairment losses – other receivables (ii)		(6,741	)		(6,231	)		(986	)

Other receivables carried at amortized cost (Note 34)		76,195			140,835			22,277
Tax recoverable		236,400			328,369			51,939
Prepayments		64,102			66,474			10,514
Right of return assets		—			40,761			6,447

Net other receivables		376,697			576,439			91,177

Total trade and other receivables		8,459,088			7,538,096			1,192,322

Note:

(i)

As of December 31, 2021, bills receivable includes bills received from

joint ventures and

related parties amounted to RMB 0.7 million (US$

0.1 million) (2020: RMB

Nil) and RMB 523.5 million (US$

82.8 million) (2020: RMB

1,014.1 million) respectively.

As of December 31, 2020 and 2021, bills receivable amounted to RMB

13.4 million (US$

2.1 million) (2020: RMB Nil) was pledged to secure bank facilities.

(ii)

This comprised impairment loss on bills receivable in transit of RMB 6.0 million (US$

0.9 million) as of December 31, 2021 (2020:

RMB 6.5 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 is as follows:


	31.12.2020 RMB’000			31.12.2021 RMB’000			31.12.2021 US$’000
At January 1		62,854			50,260			7,950
C redit to consolidated statement of profit or loss (under “Selling, general and administrative expenses”)		(12,349	)		(8,525	)		(1,348	)
Written off		(242	)		(2,278	)		(360	)
Translation difference		(3	)		(16	)		(3	)

At December 31		50,260			39,441			6,239