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Fair value measurement (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value Measurement Hierarchy for Assets and Liabilities

Quantitative disclosures fair value measurement hierarchy for assets and liabilities as of December 31, 2023:

          
         Fair value measurement using

          
         Quoted
prices in
active markets

         Significant
observable
inputs

          
         Date of

         Total

         (Level 1)

         (Level 2)

          
         valuation

         RMB’000

         RMB’000

         RMB’000

         Assets measured at fair value

         Debt financial assets (i):

Bills receivable

December 31, 2023

3,829,777

—

3,829,777

Quantitative disclosures fair value measurement hierarchy for assets and liabilities as of December 31, 2024:

          
         Fair value measurement using

          
         Quoted
prices in
active markets

         Significant
observable
inputs

          
         Date of

         Total

         Total

         (Level 1)

         (Level 2)

          
         valuation

         US$’000

         RMB’000

         RMB’000

         RMB’000

         Assets measured at fair value

         Debt financial assets (i):

Bills receivable

December 31, 2024

599,038

4,297,376

—

4,297,376

Note:

(i)

The fair values of the Group’s debt financial assets at fair value through OCI were measured using the discounted cash flows model. The model incorporates market observable input including the interest rate of similar instruments.