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Deferred grants
12 Months Ended
Dec. 31, 2024
Deferred Grant [Abstract]  
Deferred grants
27.
Deferred grants

 

 

31.12.2023

 

 

31.12.2024

 

 

31.12.2024

 

 

RMB’000

 

 

RMB’000

 

 

US$’000

 

At January 1

 

 

489,788

 

 

 

459,958

 

 

 

64,116

 

Received during the year

 

 

145,330

 

 

 

182,232

 

 

 

25,402

 

Grant disbursed to partner of joint project

 

 

(16,423

)

 

 

(25,450

)

 

 

(3,547

)

Released to consolidated statement of profit or loss

 

 

(59,818

)

 

 

(121,893

)

 

 

(16,991

)

Reclassification to other payables

 

 

(98,919

)

 

 

 

 

 

 

At December 31

 

 

459,958

 

 

 

494,847

 

 

 

68,980

 

Current (Note 22)

 

 

8,064

 

 

 

 

 

 

 

Non-current

 

 

451,894

 

 

 

494,847

 

 

 

68,980

 

 

 

459,958

 

 

 

494,847

 

 

 

68,980

 

 

The government grant that have been received in PRC was to support and fund Yuchai’s production facilities, research and development activities for product innovations and developments.