Earnings per share

12 Months Ended

Dec. 31, 2024

Basic earnings per share is calculated by dividing the profit for the year attributable to equity holders of the Company by the weighted average number of ordinary shares outstanding during the year.

Diluted earnings per share is calculated by dividing the profit attributable to equity holders of the Company by the weighted average number of ordinary shares outstanding during the year plus the weighted average number of ordinary shares that would be issued on conversion of all the dilutive potential ordinary shares into ordinary shares.

Basic earnings per share

The calculation of basic earnings per share is based on:


	31.12.2022		31.12.2023		31.12.2024		31.12.2024
	RMB’000		RMB’000		RMB’000		US$’000
Profit attributable to equity holders of the Company		218,581		285,518		323,055		45,033
Weighted average number of ordinary shares *		40,858,290		40,858,290		39,325,763		39,325,763

Diluted earnings per share

The weighted average number of ordinary shares adjusted for the effect of unissued ordinary shares under the Share Option Scheme is determined as follows:


	31.12.2022		31.12.2023		31.12.2024
Weighted average number of shares issued, used in the calculation of basic earnings per share		40,858,290		40,858,290		39,325,763
Diluted effect of share options		—		—		—
Weighted average number of ordinary shares adjusted for effect of dilution		40,858,290		40,858,290		39,325,763

* The weighted average number of ordinary shares takes into account the weighted average effect of changes in treasury shares transactions during the year.

In 2022 and 2023, 270,000 outstanding share options granted to employees under the Company’s Equity Incentive Plan have not been included in the calculation of diluted earnings per share because they are anti-dilutive. The Equity Incentive Plan expired in 2024.