Depreciation, amortization, shipping and handling expenses

12 Months Ended

Dec. 31, 2024

7.1.

(a) Depreciation and amortization expenses


	31.12.2022		31.12.2023		31.12.2024		31.12.2024
	RMB’000		RMB’000		RMB’000		US$’000
Amortization of intangible assets		64,939		109,913		201,420		28,077
Depreciation of investment property		348		355		361		50
Depreciation of property, plant and equipment		516,276		508,726		462,588		64,483
Depreciation of right-of-use assets		43,129		46,071		50,461		7,034
		624,692		665,065		714,830		99,644

7.1.

(b) Shipping and handling expenses

Sales related shipping and handling expenses not separately billed to customers are included in the following caption:


	31.12.2022		31.12.2023		31.12.2024		31.12.2024
	RMB’000		RMB’000		RMB’000		US$’000
Cost of sales		132,117		129,954		129,572		18,062
Selling, general and administrative expenses		18,544		21,019		23,124		3,223
		150,661		150,973		152,696		21,285

7.2.

(a) Other operating income


	31.12.2022		31.12.2023		31.12.2024		31.12.2024
	RMB’000		RMB’000		RMB’000		US$’000
Interest income		131,879		154,129		133,640		18,629
Dividend income from quoted equity securities		13		—		—		—
Gain on disposal of:
- associate		1,329		—		—		—
- property, plant and equipment		6,535		778		—		—
- quoted equity securities		2,291		—		—		—
- right-of-use assets		3,929		7,632		—		—
- a subsidiary		—		113,042		—		—
Recognition of net gain upon fulfillment of performance obligation relating to capitalized contract asset		—		11,696		—		—
Government grants (i)		176,264		171,937		339,934		47,385
Technology licensing fees income		—		—		94,953		13,236
Others		12,109		10,086		18,729		2,611
		334,349		469,300		587,256		81,861

Note:

(i)

Including amortization of deferred grants, rebates on value-added tax and other grants earned during the year.

7.2.

(b) Other operating expenses


	31.12.2022			31.12.2023			31.12.2024		31.12.2024
	RMB’000			RMB’000			RMB’000		US$’000
Impairment loss on investment in joint venture		990			—			—		—
Impairment on property, plant and equipment		—			36,720			—		—
Reversal of provision for onerous contract, net		(4,829	)		—			—		—
Foreign exchange loss, net		555			482			5,670		790
Loss on:								—
- disposal of property, plant and equipment		—			—			59		8
- liquidation of joint venture		—			—			399		56
- liquidation of subsidiary		—			—			5		1
Write-back of unrecoverable value-added tax		—			(11,164	)		—		—
Others		877			900			5,465		762
		(2,407	)		26,938			11,598		1,617

7.3.

Finance costs


	31.12.2022		31.12.2023		31.12.2024		31.12.2024
	RMB’000		RMB’000		RMB’000		US$’000
Bank term loans		65,440		59,672		57,956		8,079
Bills and other discounting		23,922		33,946		14,369		2,003
Bank charges		4,563		4,588		3,943		549
Interest on lease liabilities (Note 16)		1,547		1,969		1,714		239
		95,472		100,175		77,982		10,870

7.4.

Staff costs


	31.12.2022		31.12.2023		31.12.2024		31.12.2024
	RMB’000		RMB’000		RMB’000		US$’000
Wages and salaries		944,850		1,217,414		1,355,281		188,921
Contribution to defined contribution plans		371,458		354,014		317,790		44,299
Cost of share-based payment		—		—		7,829		1,091
Staff severance cost		19,531		35,547		3,411		475
Other employee benefits		83,081		78,269		86,314		12,032
		1,418,920		1,685,244		1,770,625		246,818