Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2024

Disclosure of detailed information about intangible assets [line items]


	Trademarks and licenses			Computer software and others			Total
	RMB’000			RMB’000			RMB’000
As of January 1, 2022
Cost		1,815,576			258,189			2,073,765
Accumulated amortization		(5,000	)		(141,202	)		(146,202	)
Impairment		(963,948	)		(64,209	)		(1,028,157	)

Net book amount		846,628			52,778			899,406

Year ended December 31, 2022
Opening net book amount		846,628			52,778			899,406
Additions		—			2,134			2,134
Disposals/Write off		(426,000	)		(756	)		(426,756	)
Impairment		426,000			(403	)		425,597
Amortization charge		—			(15,325	)		(15,325	)

Closing net book amount		846,628			38,428			885,056

As of December 31, 2022
Cost		1,389,576			253,145			1,642,721
Accumulated amortization		(5,000	)		(150,105	)		(155,105	)
Impairment		(537,948	)		(64,612	)		(602,560	)

Net book amount		846,628			38,428			885,056


	Trademarks and licenses			Computer software and others			Total
	RMB’000			RMB’000			RMB’000
As of January 1, 2023
Cost		1,389,576			253,145			1,642,721
Accumulated amortization		(5,000	)		(150,105	)		(155,105	)
Impairment		(537,948	)		(64,612	)		(602,560	)

Net book amount		846,628			38,428			885,056

Year ended December 31, 2023
Opening net book amount		846,628			38,428			885,056
Additions		—			1,503			1,503
Disposals/Write off		(537,948	)		(618	)		(538,566	)
Impairment		537,948			—			537,948
Amortization charge		—			(11,022	)		(11,022	)

Closing net book amount		846,628			28,291			874,919

As of December 31, 2023
Cost		846,628			252,527			1,099,155
Accumulated amortization		—			(159,624	)		(159,624	)
Impairment		—			(64,612	)		(64,612	)

Net book amount		846,628			28,291			874,919


	Trademarks and licenses		Computer software and others			Total
	RMB’000		RMB’000			RMB’000
As of January 1, 2024
Cost		846,628		252,527			1,099,155
Accumulated amortization		—		(159,624	)		(159,624	)
Impairment		—		(64,612	)		(64,612	)

Net book amount		846,628		28,291			874,919

Year ended December 31, 2024
Opening net book amount		846,628		28,291			874,919
Acquisition of subsidiaries		18,379		126,154			144,533
Additions		28,306		22,515			50,821
Disposals		—		(74,430	)		(74,430	)
Amortization charge		—		(39,766	)		(39,766	)

Closing net book amount		893,313		62,764			956,077

As of December 31, 2024
Cost		893,313		346,523			1,239,836
Accumulated amortization		—		(219,593	)		(219,593	)
Impairment		—		(64,166	)		(64,166	)

Net book amount		893,313		62,764			956,077

Intangible assets other than goodwill [member]

Disclosure of detailed information about intangible assets [line items]

Summary of Key Assumptions Used for Value-in-use Calculations

The trademarks and licenses of the Group are primarily relating to trademark rights of Puhui of RMB800.7

million. As the contractual tenor of its loan products is generally 36 months, the cash flow forecast period of Puhui was eight years based on a financial budget covering a five-year period approved by management. The key assumption used for

value-in-use

calculations of trademark rights of Puhui is as follows:

December 31,
2022

December 31,
2023

December 31,
2024

(Restated )

Revenue growth rates

-16.9% - 2.3%

-25.1% - 5.6%

-1.1% - 16.1%

Summary of Recoverable Amount of Cash Generating Units Exceeding Carrying Amount

The excess of the recoverable amount of Puhui’s trademark over its carrying amount:

December 31,
2022

December 31,
2023

December 31,
2024

RMB’000

(Restated )

Excess of the recoverable amount of trademark rights of Puhui over its carrying amount

2,428,544

965,287

1,201,371

Summary of Possible Changes of Key Assumptions of Cash Generating Units

Unfavourable Change

Favourable Change

As of December 31, 2022

Change in
assumption

Change in
the excess
of the
recoverable
amount of
trademark
rights of
Puhui over
its carrying
amount

Excess of
the
recoverable
amount of
trademark
rights of
Puhui over
its carrying
amount

Change in
assumption

Change in
the excess
of the
recoverable
amount of
trademark
rights of
Puhui over
its carrying
amount

Excess of
the
recoverable
amount of
trademark
rights of
Puhui over
its carrying
amount

RMB’000

(Restated)

Revenue growth rates (Gross Annual Growth Rate, “GAGR”)

-230BP

(296,243

)

2,132,301

+230BP

322,027

2,750,571

Unfavourable Change

Favourable Change

As of December 31, 2023

Change in
assumption

Change in
the excess
of the
recoverable
amount of
trademark
rights of
Puhui over
its carrying
amount

Excess of
the
recoverable
amount of
trademark
rights of
Puhui over
its carrying
amount

Change in
assumption

Change in
the excess
of the
recoverable
amount of
trademark
rights of
Puhui over
its carrying
amount

Excess of
the
recoverable
amount of
trademark
rights of
Puhui over
its carrying
amount

RMB’000

(Restated)

(Restated )

Revenue growth rates (GAGR)

-230BP

(167,050

)

798,237

+230BP

181,816

1,147,103

Unfavorable Change

Favorable Change

As of December 31, 2024

Change in
assumption

Change in
the excess
of the
recoverable
amount of
trademark
rights of
Puhui over
its carrying
amount

Excess of
the
recoverable
amount of
trademark
rights of
Puhui over
its carrying
amount

Change in
assumption

Change in
the excess
of the
recoverable
amount of
trademark
rights of
Puhui over
its carrying
amount

Excess of
the
recoverable
amount of
trademark
rights of
Puhui over
its carrying
amount

RMB’000

Revenue growth rates (GAGR)

-230BP

(171,901

)

1,029,470

+230BP

185,781

1,387,152