Trade and other payables

12 Months Ended

Dec. 31, 2024

Trade and other current payables [abstract]

22.

Trade and other payables


	31.12.2023		31.12.2024		31.12.2024
	RMB’000		RMB’000		US$’000
Current
Trade payables		3,999,224		4,361,810		608,019
Bills payables (i)		3,248,066		3,730,333		519,994
Other payables		402,516		348,856		48,629
Accrued expenses		226,745		216,674		30,203
Accrued staff costs		499,230		642,081		89,504
Refund liabilities		324,161		442,577		61,693
Dividend payable		30,899		44,005		6,134
Amount due to:
- joint ventures (trade)		83,590		49,898		6,956
- joint ventures (non-trade)		—		4		1
- related parties (trade)		303,393		357,714		49,864
- related parties (non-trade)		36,083		36,772		5,126
Financial liabilities carried at amortized cost (Note 32, Note 35)		9,153,907		10,230,724		1,426,123
Deferred grants (Note 27)		8,064		—		—
Advance from customers		248		592		83
Other tax payable		65,105		62,435		8,703
Total trade and other payables		9,227,324		10,293,751		1,434,909

(i)

As of December 31, 2024, the bills payables include bills payable to joint ventures and other related parties amounted to RMB 30.1 million (US$4.2 million) (2023: RMB 4.0 million) and RMB 597.1 million (US$83.2 million) (2023: RMB 435.3 million) respectively.

(ii)

Terms and conditions of the above financial liabilities:

•

Trade and other payables are non-interest bearing and are normally settled on agreed credit terms ranging from 60 to 90 day terms.

•

The non-trade balances due to joint ventures and related parties are unsecured, interest-free and repayable on demand.


	31.12.2023		31.12.2024		31.12.2024
	RMB’000		RMB’000		US$’000
Non-current
Other payables (i) (Note 32, Note 35)		181,155		171,768		23,944

This relates to accrual for bonus, which is non-interest bearing and not expected to be settled within next 12 months.