Parent company only condensed financial information

12 Months Ended

Dec. 31, 2024

Parent Company Only Condensed Financial Information [Abstract]

Parent company only condensed financial information

52.	Parent company only condensed financial information

Parent company only financial statements include condensed financial information as to statements of financial position, cash flows and comprehensive income of a parent company as of the same dates and for the same periods for which the consolidated financial statements have been presented.

(a)	Investments accounted for using the equity method


	For the year ended December 31,
	2022		2023		2024
	RMB’000		RMB’000		RMB’000
	(Restated)		(Restated)
Investments in subsidiaries and associates		105,158,810		101,196,485		88,408,748

		105,158,810		101,196,485		88,408,748

Under the equity method, the investment is initially recognized at cost, and the carrying amount is increased or decreased to recognize the investor’s share of the profit or loss of the investee after the date of acquisition.

Condensed Statements of Comprehensive Income


	For the year ended December 31,
	2022			2023			2024
	RMB’000			RMB’000			RMB’000
	(Restated)			(Restated)
Investment income		38,695			8,105			2,320
Income/(loss) from subsidiaries and VIEs		9,761,055			1,965,510			(2,903,090	)

Total income		9,799,750			1,973,615			(2,900,770	)

General and administrative expenses		(113,983	)		(155,610	)		(147,294	)
Credit impairment gains/(losses)		6,972			440			(743	)
Finance costs		(1,753,486	)		(1,003,183	)		(647,878	)
Other losses - net		(161,917	)		(5,638	)		(172,472	)

Total expenses		(2,022,414	)		(1,163,991	)		(968,387	)

Income/(loss) before income tax expenses		7,777,336			809,624			(3,869,157	)
Less: Income tax expenses		—			—			(1,463	)

Net profit/(loss) for the year		7,777,336			809,624			(3,870,620	)

Net profit/(loss) attributable to:
Owners of the Company		7,777,336			809,624			(3,870,620	)
Other comprehensive loss, net of tax:
-Exchange differences on translation of foreign operations		(1,581,252	)		(465,590	)		(119,656	)

Total comprehensive income/(loss) for the year		6,196,084			344,034			(3,990,276	)

Total comprehensive income/(loss) attributable to:
Owners of the Company		6,196,084			344,034			(3,990,276	)

Condensed Statements of Financial Position


	December 31,			December 31,			December 31,
	2022			2023			2024
	RMB’000			RMB’000			RMB’000
	(Restated)			(Restated)
ASSETS
Cash at bank		1,644,302			68,371			1,475,210
Financial assets at fair value through profit or loss		767,636			—			65,437
Financial assets at amortized cost		155,602			—			—
Accounts and other receivables and contract assets		1,627,343			112,614			1,322,634
Investments accounted for using the equity method		105,158,810			101,196,485			88,408,748

Total assets		109,353,693			101,377,470			91,272,029

LIABILITIES
Borrowings		139,054			4,719,759			3,165,276
Accounts and other payables and contract liabilities		3,803,643			26,305			81,936
Convertible promissory notes payable		5,164,139			5,650,268			6,174,050
Optionally convertible promissory notes		8,142,908			—			—
Other liabilities		43,946			45,734			78,065

Total liabilities		17,293,690			10,442,066			9,499,327

EQUITY
Share capital		75			75			117
Share premium		32,073,874			32,142,233			27,027,846
Treasury shares		(5,642,769	)		(5,642,768	)		(5,642,768	)
Other reserves		3,771,768			1,769,185			1,591,448
Retained earnings		61,857,055			62,666,679			58,796,059

Total equity		92,060,003			90,935,404			81,772,702

Total liabilities and equity		109,353,693			101,377,470			91,272,029

Condensed Statements of Cash Flows


	For the year ended December 31,
	2022			2023			2024
	RMB’000			RMB’000			RMB’000
	(Restated)			(Restated)
Cash flows from operating activities
Cash used in operating activities		166,134			(44,192	)		(61,440	)

Net cash generated from/(used in) operating activities		166,134			(44,192	)		(61,440	)

Cash flows from investing activities
Inter-company cash flow		—			(4,600	)		—
Capital contribution to consolidated entities		—			—			(736,585	)
Payment for advances to consolidated entities		(160,000	)		(948,295	)		(3,402,183	)
Receipts of repayments of the advances and capital return from consolidated entities		12,450,046			1,669,873			1,477,282
Proceeds and interest from sale of investment assets		419,538			774,498			235,135
Payment for acquisition of investment assets		(764,885	)		—			(347,971	)
Receipts of dividends from consolidated entities		—			5,744,880			11,450,000
Other investing activities		—			—			(861,014	)

Net cash generated from investing activities		11,944,699			7,236,356			7,814,664

Cash flows from financing activities
Proceeds from exercise of share-based payment		95,911			252			—
Proceeds from borrowings		134,228			4,069,584			2,238,818
Repayment of borrowings		(374,464	)		(140,564	)		(3,189,572	)
Repayment for advances to consolidated entities		—			(4,695,913	)		(918,812	)
Receipts of advances from consolidated entities		—			5,266,949			277,438
Repayment of convertible promissory notes payable		(3,747,386	)		(3,642,931	)		—
Repayment of optionally convertible promissory notes		—			(8,342,096	)		—
Refund of cash reserved for repurchase of ordinary shares		—			854,624			—
Payment for interest expenses		(621,246	)		(736,493	)		(306,045	)
Payment for dividend declared		(7,717,474	)		(1,435,461	)		(5,132,615	)
Proceeds from issuance of shares and other equity securities		—			—			2,172

Net cash used in financing activities		(12,230,431	)		(8,802,049	)		(7,028,616	)

Effect of exchange rate changes on cash and cash equivalents		(49,716	)		33,954			9,771
Net (decrease)/increase in cash and cash equivalents		(169,314	)		(1,575,931	)		734,379
Add: Cash and cash equivalents at the beginning of the year		1,813,616			1,644,302			68,371

Cash and cash equivalents at the end of the year		1,644,302			68,371			802,750