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BANK AND OTHER BORROWINGS
 12 Months Ended
Dec. 31, 2023
BANK AND OTHER BORROWINGS  
BANK AND OTHER BORROWINGS

18.BANK AND OTHER BORROWINGS

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As at December 31, 

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2022

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2023

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2023

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RMB

    

RMB

    

US$

Total bank and other borrowings

 

2,984,010

 

3,036,202

 

427,640

Comprised of:

 

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Short-term

 

168,601

 

319,625

 

45,018

Long-term, current portion

 

343,982

 

722,563

 

101,771

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512,583

 

1,042,188

 

146,789

Long-term, non-current portion

 

2,471,427

 

1,994,014

 

280,851

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2,984,010

 

3,036,202

 

427,640

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Certain bank borrowings are secured by equipment with a net carrying value of RMB412,683 and RMB391,056 (US$55,079) (note 9), accounts receivable with a carrying value of RMB11,166 and RMB13,312 (US$1,875) (note 6) (including lease receivables with a carrying value of RMB340 and RMB1,759 (US$248) (note 10)), certain land use rights (which are recorded as “right-of-use assets”) with a carrying value of RMB395,973 and RMB386,614 (US$54,453) (note 10), certain long-term investments with a carrying value of RMB179,231 and RMB189,676 (US$26,715) (note 14), certain construction in progress with a carrying value of RMB1,754,217 and RMB2,027,277 (US$285,536) (note 9), as of December 31, 2022 and 2023, respectively.

The short-term bank and other borrowing bore a weighted average interest of 6.60% and 8.19% per annum, and the long-term bank and other borrowings bore a weighted average interest of 6.48% and 7.42% per annum, respectively, as of December 31, 2022 and 2023.

Bank and other borrowings amounted to RMB151,753 (US$21,374) (2022: RMB156,555) and RMB2,884,449(US$406,266) (2022:RMB2,827,455) were denominated in US$ and RMB, respectively as of December 31, 2023.

The maturity analysis of the long-term bank and other borrowings are as follows:

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RMB

    

US$

Within one year

 

722,563

 

101,771

Between one and two years

 

434,783

 

61,238

Between two and three years

 

401,895

 

56,606

Between three and four years

 

629,389

 

88,648

Above four years

 

527,947

 

74,359

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2,716,577

 

382,622

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As of December 31, 2023, the Group had unutilized short-term bank credit lines and unutilized long-term bank credit lines amounted to nil and RMB930,000 (US$130,988), respectively.