v3.25.4
Borrowings
 12 Months Ended
Dec. 31, 2024
Borrowings [Abstract]  
Borrowings

17. Borrowings

 

   As of December 31, 
   2023   2024 
   RMB’000   RMB’000 
Current borrowings   72,953    782,978 
Current borrowings included in liabilities relating to assets classified as held for sale   —    (10,000)
Current borrowings per balance sheet   72,953    772,978 
Non-current borrowings   681,821    51,067 
    754,774    824,045 

 

As of December 31, 2024, the interest rates of current borrowings, repayable within one year or on demand, ranged from 4.2% to 6.2% (2023: 3.5% to 15.0%) per annum.

 

As of December 31, 2024, the interest rate of non-current borrowings was 3% (2023: ranging from 4.2% to 5.5%) per annum.

 

The Group’s borrowings were primarily denominated in RMB.

 

During the year ended December 31, 2024, the Group obtained new borrowing facilities amounting to RMB125.0 million (2023: RMB380.3 million). The Group’s borrowings were mostly repayable in June 2025, partially in January, February and December 2025 and October 2027, some of which were guaranteed by Newlink and its two subsidiaries.