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TRADE RECEIVABLES

6 Months Ended

Jun. 30, 2021

TRADE RECEIVABLES

TRADE RECEIVABLES

10.        TRADE RECEIVABLES

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​	​	​	​	​
​	​	As of
​		June 30, 2021		December 31, 2020
​	​	RMB’000	​	RMB’000
Trade receivables		754,386		747,247
Less: provision for impairment		(695,604)		(645,777)
​		58,782		101,470

​

The Company’s trade receivables are denominated in Renminbi and are non-interest bearing.

An aging analysis of the Company’s trade receivables, based on the invoice date, is as follows:

​

​	​	​	​	​
​	​	As of
​		June 30, 2021		December 31, 2020
​	​	RMB’000	​	RMB’000
Within 90 days		18,982		34,309
Between 3 and 6 months		4,935		52,477
More than 6 months		34,865		14,684
​		58,782		101,470

​

As of June 30, 2021, the Company is exposed to certain credit risks as 15% and 46% of the total gross trade receivables were due from the Company’s largest and five largest customers, respectively.

As of December 31, 2020, the Company is exposed to certain credit risks as 15% and 45% of the total gross trade receivables were due from the Company’s largest and the five largest customers, respectively.

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- References

No definition available.

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- Definition

The disclosure of trade and other receivables. [Refer: Trade and other receivables]

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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-URIDate 2020-01-01

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