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PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 31, 2023

Notes and other explanatory information [abstract]

12. PROPERTY, PLANT AND EQUIPMENT


				Plant and			Motor			Office
	Buildings			machinery			vehicles			equipment			Total
	RMB’000			RMB’000			RMB’000			RMB’000			RMB’000
Cost
At January 1, 2022		18,271			746,042			5,369			2,065			771,747
Additions		—			—			—			22			22
Transferred to assets classified as held for sale		(18,271	)		(746,042	)		(4,225	)		(1,886	)		(770,424	)
At December 31,2022		—			—			1,144			201			1,345
Additions		—			—			446			53			499
Disposals		—			—			—			—			—
At December 31, 2023		—			—			1,590			254			1,844

Accumulated depreciation
At January 1, 2022		1,845			349,382			3,802			1,601			356,630
Depreciation charge		—			—			217			49			266
Transferred to assets classified as held for sale		(1,845	)		(349,382	)		(3,748	)		(1,582	)		(356,557	)
At December 31, 2022		—			—			271			68			339
Depreciation charge		—			—			306			53			359
At December 31, 2023		—			—			577			121			698

Impairment
At January1, 2022		16,426			396,660			477			304			413,867

Transferred to assets classified as held for sale		(16,426	)		(396,660	)		(477	)		(304	)		(413,867	)
At December 31, 2022		—			—			—			—			—
Impairment losses recognized in loss		—			—			—			—			—
At December 31, 2023		—			—			—			—			—

Carrying amount, net
At December 31, 2022		—			—			873			133			1,006
At December 31, 2023		—			—			1,013			133			1,146

All property, plant and equipment held by the Company are located in the PRC. The Company’s buildings are situated on land under medium-term land use rights and were reclassified as assets held for sale as of December 31, 2022.

For the buildings owned collectively by the Company and other three unrelated companies, the cost of buildings are stated according to the amounts paid by the Company for its part of buildings, which represent the Company’s interests in the buildings. Buildings are depreciated over their expected useful lives of 40 years. These buildings’ cost was RMB 2,913,000, and accumulated depreciation of RMB 1,226,000 and RMB 1,226,000 as of December 31, 2023 and 2022, respectively, and an impairment allocation of RMB 1,687,000 and RMB 1,687,000 as of December 31, 2023 and 2022, respectively. No property, plant and equipment was pledged to secure the Company interest-bearing bank borrowings at December 31, 2023 and 2022. As of December 31, 2022, all buildings were reclassified as assets held for sale.

During the year ended December 31, 2021, Hengdali subleased all its land and buildings. The cost, accumulated depreciation and impairment of land and buildings were reclassified to investment property, which in turn was reclassified to assets held for sale as of December 31, 2022. The net effect on the consolidated balance sheet was nil.