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TRADE RECEIVABLES

6 Months Ended

Jun. 30, 2022

TRADE RECEIVABLES

TRADE RECEIVABLES

10.        TRADE RECEIVABLES

​

​	​	​	​	​
​	​	As of
​		June 30, 2022		December 31, 2021
​	​	RMB’000	​	RMB’000
Trade receivables		798,905		822,747
Less: provision for impairment		(780,012)		(771,331)
​		18,893		51,416

​

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, 2022		December 31, 2021
​	​	RMB’000	​	RMB’000
Within 90 days		422		81
Between 3 and 6 months		—		—
More than 6 months		18,471		51,335
​		18,893		51,416

​

As of June 30, 2022, the Company is exposed to certain credit risks as 17% and 48% of the total gross trade receivables were due from the Company’s largest and five largest customers, respectively.

As of December 31, 2021, the Company is exposed to certain credit risks as 16% and 47% 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 2021-03-24

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