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Trade and other receivables (Tables)
12 Months Ended
Dec. 31, 2023
Text block [abstract]  
Summary of Trade and Other Receivables
    
31.12.2022
   
31.12.2023
   
31.12.2023
 
    
RMB’000
   
RMB’000
   
US$’000
 
Trade receivables, gross
     1,549,462       1,148,682       161,704  
Less: Allowance for expected credit losses
     (33,247     (54,894     (7,728
  
 
 
   
 
 
   
 
 
 
Net trade receivables (Note 6.2)
     1,516,215       1,093,788       153,976  
Bills receivable
(i)
     4,970,880       6,318,789       889,519  
  
 
 
   
 
 
   
 
 
 
Total (Note 32, Note 35)
     6,487,095       7,412,577       1,043,495  
  
 
 
   
 
 
   
 
 
 
Amounts receivable:
      
- associates and joint ventures (trade)
     125,489       187,944       26,458  
- associates and joint ventures
(non-trade)
     11,230       10,212       1,438  
- related parties (trade)
     180,374       212,706       29,943  
- related parties
(non-trade)
     3,476    
 
4,016
 
    565  
Bills receivable in transit
     8,172       49,696       6,996  
Grant receivables
     62,000       62,000       8,728  
Estimated sales consideration on disposal of a subsidiary due from the acquirer
           236,734       33,326  
Others
     49,763       68,052       9,580  
Less: Impairment losses – other receivables
     (5,754     (7,710     (1,085
  
 
 
   
 
 
   
 
 
 
Other receivables carried at amortized cost (Note 35)
     434,750       823,650       115,949  
Tax recoverable
     290,596       108,844       15,322  
Advances paid to suppliers
     81,861       77,527       10,914  
Right of return assets
     17,045       36,026       5,072  
  
 
 
   
 
 
   
 
 
 
Net other receivables
     824,252       1,046,047       147,257  
  
 
 
   
 
 
   
 
 
 
Total trade and other receivables
     7,311,347       8,458,624       1,190,752  
  
 
 
   
 
 
   
 
 
 
Note:
 
 
(i)
 
As of December 31, 2023, bills receivable includes
bi
lls received from joint ventures and related parties amounted to RMB 5.3 million (US$ 0.7 million) (2022: RMB 0.1 million) and RMB 987.9 million (US$ 139.1 million) (2022: RMB 763.4 million) respectively.
As of December 31, 202
3
, bills receivable amounted to RMB 12.5 million (US$ 1.8 million) (2022: RMB 12.6
million) was pledged to secure bank facilities (Note 26). 
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:
 
    
31.12.2022
RMB’000
    
31.12.2023
RMB’000
    
31.12.2023
US$’000
 
At January 1
     39,441        39,001        5,490  
(Credit)/charge to consolidated statement of profit or loss (under “Selling, general and administrative expenses”)
     (459      23,858        3,359  
Written off
     (5      (264      (37
Translation difference
     24        9        1  
  
 
 
    
 
 
    
 
 
 
At December 31
     39,001        62,604        8,813