Related parties and related party transactions (Tables)
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12 Months Ended |
Dec. 31, 2024 |
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| Disclosure of transactions between related parties [abstract] |
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| Summary of Related Party Name |
The following table sets forth the major related parties which have major transactions with the Group during the years ended December 31, 2022, 2023 and 2024:
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Relationship with the Company |
| Before July 30, 2024 |
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Ping An Insurance (Group) Company of China, Ltd.
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Significant influence on the Company and its subsidiaries |
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| July 30, 2024 |
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Ping An Insurance (Group) Company of China, Ltd. |
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Ultimate controlling shareholder of the Company and its subsidiari e s |
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| Summary of Related Party Transactions |
The following are the significant related party transactions with Ping An Group and its subsidiaries during the period :
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For the year ended December 31, |
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(Restated) |
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(Restated) |
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Technology platform based income |
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1,529,485 |
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514,936 |
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91,005 |
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Other income |
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1,478,096 |
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1,109,802 |
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1,275,058 |
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Investment income |
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338,252 |
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158,552 |
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74,114 |
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Finance costs-Interest income |
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419,415 |
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415,748 |
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281,260 |
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Finance costs-Interest expense |
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25,435 |
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14,115 |
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20,824 |
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Sales and marketing expenses, general and administrative expenses, operation and servicing expenses, and technology and analytics expenses |
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3,173,350 |
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2,136,087 |
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1,566,975 |
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350,329 |
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(70,671 |
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25,431 |
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| Summary of Related Party Transactions Outstanding |
The following are the significant related party balances with Ping An Group and its subsidiaries during as of period end:
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(Restated) |
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(Restated) |
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14,366,558 |
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10,976,913 |
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10,621,118 |
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19,605,104 |
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7,172,837 |
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5,647,728 |
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Account and other receivables and contract assets and other assets (i) |
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2,998,401 |
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1,510,804 |
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2,189,140 |
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Accounts and other payables and contract liabilities and other liabilities (i) |
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1,190,455 |
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1,639,698 |
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1,464,914 |
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Financial assets at amortized cost |
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2,504,622 |
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1,501,013 |
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1,500,582 |
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820,716 |
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— |
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818,986 |
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Payable to platform investors, accounts and other payables and contract liabilities and other liabilities (i) (ii) |
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3,839,817 |
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3,910 |
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3,910 |
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(i) |
The balances with related parties were unsecured, interest-free and repayable on demand. | These non-trade balances with related parties were mainly for treasury management purposes which are collectable or repayable on demand or within one year.
| (ii) |
No cash dividends were paid to both An Ke and PAOH in 2024 (2023: USD51 million and USD34 million, 2022: USD291 million and USD194 million). |
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| Summary of Compensation of key Management Personnel |
The following table sets forth the compensations paid or payable to key management for employee services:
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Wages, salaries and bonus |
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29,698 |
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26,074 |
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37,412 |
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Other social security costs, housing benefits and other employee benefits |
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7,058 |
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7,267 |
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6,262 |
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Pension costs - defined contribution plans |
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363 |
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359 |
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374 |
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Share-based payment |
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22,719 |
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(19,049 |
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(2,294 |
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