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Leases | 12 Months Ended
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Dec. 31, 2024
Presentation of leases for lessee [abstract] |
Leases | 16. Leases Group as a lessee The Group has lease contracts for land, motor vehicles, office space and staff accommodations used in its operations. These leases are generally with lease term of more than 1 year to 12 years. The Group also has certain leases of office space and staff accommodations with lease terms of 12 months or less. The Group has applied the “short-term leases” recognition exemptions for these leases. Set out below are the carrying amounts of right-of-use assets recognized and the movements during the year.
|  | Leasehold land RMB’000 |  |  | Building and office space RMB’000 |  |  | Office furniture, fittings and equipment RMB’000 |  |  | Motor vehicles RMB’000 |  |  | Total RMB’000 |  |  | Total US$’000 |
At January 1, 2023 |  |  | 289,065 |  |  |  | 52,739 |  |  |  | 42 |  |  |  | 295 |  |  |  | 342,141 |  |  |  | 47,693 |
Addition |  |  | — |  |  |  | 31,082 |  |  |  | — |  |  |  | 1,002 |  |  |  | 32,084 |  |  |  | 4,472 |
Depreciation |  |  | (12,282 | ) |  |  | (33,671 | ) |  |  | (7 | ) |  |  | (111 | ) |  |  | (46,071 | ) |  |  | (6,422 | )
Disposal of subsidiary |  |  | (22,782 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (22,782 | ) |  |  | (3,176 | )
Disposal |  |  | (5,564 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (5,564 | ) |  |  | (776 | )
Termination |  |  | — |  |  |  | (1,382 | ) |  |  | — |  |  |  | — |  |  |  | (1,382 | ) |  |  | (193 | )
Translation difference |  |  | — |  |  |  | 18 |  |  |  | 1 |  |  |  | — |  |  |  | 19 |  |  |  | 3 |
At December 31, 2023 and January 1, 2024 |  |  | 248,437 |  |  |  | 48,786 |  |  |  | 36 |  |  |  | 1,186 |  |  |  | 298,445 |  |  |  | 41,601 |
Addition |  |  | — |  |  |  | 55,196 |  |  |  | — |  |  |  | 152 |  |  |  | 55,348 |  |  |  | 7,715 |
Depreciation |  |  | (11,371 | ) |  |  | (38,963 | ) |  |  | (7 | ) |  |  | (120 | ) |  |  | (50,461 | ) |  |  | (7,034 | )
Termination |  |  | — |  |  |  | (1,353 | ) |  |  | — |  |  |  | — |  |  |  | (1,353 | ) |  |  | (188 | )
Translation difference |  |  | — |  |  |  | 34 |  |  |  | — |  |  |  | — |  |  |  | 34 |  |  |  | 5 |
At December 31, 2024 |  |  | 237,066 |  |  |  | 63,700 |  |  |  | 29 |  |  |  | 1,218 |  |  |  | 302,013 |  |  |  | 42,099 |
Set out below are the carrying amounts of lease liabilities and the movements during the year:
|  | 2023 |  |  | 2024 |  |  | 2024 |
|  | RMB’000 |  |  | RMB’000 |  |  | US$’000 |
At January 1 |  |  | 59,641 |  |  |  | 49,281 |  |  |  | 6,869 |
Additions |  |  | 32,084 |  |  |  | 55,348 |  |  |  | 7,715 |
Accretion of interest (Note 7.3) |  |  | 1,969 |  |  |  | 1,714 |  |  |  | 239 |
Payments |  |  | (43,073 | ) |  |  | (41,752 | ) |  |  | (5,820 | )
Termination |  |  | (1,382 | ) |  |  | (1,353 | ) |  |  | (188 | )
Translation difference |  |  | 42 |  |  |  | (7 | ) |  |  | (1 | )
At December 31 |  |  | 49,281 |  |  |  | 63,231 |  |  |  | 8,814 |
Current (Note 25) |  |  | 33,272 |  |  |  | 32,973 |  |  |  | 4,596 |
Non-current (Note 25) |  |  | 16,009 |  |  |  | 30,258 |  |  |  | 4,218 |
Total |  |  | 49,281 |  |  |  | 63,231 |  |  |  | 8,814 |
16. Leases (cont’d) Group as a lessee (cont’d) The following are the amounts recognized in profit of loss:
|  | 2023 |  |  | 2024 |  |  | 2024 |
|  | RMB’000 |  |  | RMB’000 |  |  | US$’000 |
Depreciation charge for right-of-use assets |  |  | 46,071 |  |  |  | 50,461 |  |  |  | 7,034 |
Interest expenses on lease liabilities (Note 7.3) |  |  | 1,969 |  |  |  | 1,714 |  |  |  | 239 |
Expenses relating to short-term leases (included in selling, general and administrative expenses and research and development expenses) |  |  | 18,275 |  |  |  | 21,458 |  |  |  | 2,991 |
Total amount recognized in profit or loss |  |  | 66,315 |  |  |  | 73,633 |  |  |  | 10,264 |
In 2024, the Group had total cash outflows for leases of RMB 63.2 million (US$8.8 million) (2023: RMB 61.3 million). The Group also had non-cash additions to right-of-use assets and lease liabilities of RMB 55.3 million (US$7.7 million) in 2024 (2023: RMB 32.1 million). The future cash outflows relating to leases that have not yet commenced are disclosed in Note 30. Group as a lessor The Group has entered into operating leases on some of its assets, including surplus offices and warehouses. These leases have terms between 1 to 20 years. Rental income recognized by the Group during the year is RMB 30.9 million (US$4.3 million) (2023: RMB 25.8 million). Future minimum rental receivables under non-cancellable operating leases as of 31 December are as follows:
|  | 31.12.2023 |  |  | 31.12.2024 |  |  | 31.12.2024 |
|  | RMB’000 |  |  | RMB’000 |  |  | US$’000 |
Within 1 year |  |  | 13,239 |  |  |  | 14,156 |  |  |  | 1,973 |
After 1 year but within 5 years |  |  | 41,920 |  |  |  | 41,106 |  |  |  | 5,730 |
More than 5 years |  |  | 42,027 |  |  |  | 37,051 |  |  |  | 5,165 |
|  |  | 97,186 |  |  |  | 92,313 |  |  |  | 12,868 |

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