v3.25.4
Share capital and additional paid in capital
12 Months Ended
Dec. 31, 2024
Share capital and additional paid in capital [Abstract]  
Share capital and additional paid in capital

21. Share capital and additional paid in capital

 

       Nominal                         
   Number of   value of                   Additional     
   ordinary   ordinary   Combined   Subscription   Treasury   Warrant   paid-in     
   shares   shares   capital   receivable   shares   outstanding   capital   Total 
       USD   RMB’000   RMB’000   RMB’000   RMB’000   RMB’000   RMB’000 
At January 1, 2023   2,196,978,125    21,969,781    146,730    —    —    —    6,358,600    6,505,330 
Issuance of shares, net (i)   101,000,000    1,010,000    7,175    (4,696)   —    —    128,247    130,726 
Share-based compensation from ESOP (Note 28)   —    —    —    —    —    —    393,825    393,825 
Share-based compensation from controlling shareholder ESOP (Note 28)   —    —    —    —    —    —    5,251    5,251 
Conversion of convertible bonds to shares (ii)   108,760,310    1,087,603    7,807    —    —    —    311,528    319,335 
Exercise of options   48,463,868    484,639    3,471    —    —    —    (1,110)   2,361 
At December 31, 2023   2,455,202,303    24,552,023    165,183    (4,696)   —    —    7,196,341    7,356,828 
                                         
At January 1, 2024   2,455,202,303    24,552,023    165,183    (4,696)   —    —    7,196,341    7,356,828 
Issuance of shares, net (iii)   47,619,050    476,191    3,380    —    —    29,587    1,145    34,112 
Share-based compensation from ESOP (Note 28)   —    —    —    —    —    —    161,231    161,231 
Share-based compensation from controlling shareholder ESOP (Note 28)   —    —    —    —    —    —    (810)   (810)
Conversion of convertible bonds to shares (ii)   27,888,690    278,887    1,982    —    —    —    27,803    29,785 
Exercise of options   226,848,352    2,268,483    16,133    —    —    —    (8,159)   7,974 
Capital contributions from non-controlling shareholders   —    —    —    —    —    —    12,133    12,133 
Acquisition of treasury shares   —    —    —    —    (6,862)   —    —    (6,862)
At December 31, 2024   2,757,558,395    27,575,584    186,678    (4,696)   (6,862)   29,587    7,389,684    7,594,391 
(i)In May 2023, the Company issued 35,000,000 Class A ordinary shares to certain institutional investors through a private placement, which was under the general mandate granted to the directors of the Company at the annual general meeting of the Company held on May 19, 2023 and rank pari passu with other shares in issue in all respects.

 

In November 2023, the Company issued 66,000,000 Class A ordinary shares to certain institutional investors through a private placement, for which subscription receivable was approximately RMB4.7 million as of December 31, 2023 and 2024.

 

(ii)During the years ended December 31, 2023 and 2024, the Company issued 108,760,310 and 27,888,690 Class A ordinary shares upon the conversion of certain convertible bonds issued to LMR in aggregate (Note 20).

 

(iii)In March 2024, the Company issued to certain institutional investors 47,619,050 Class A ordinary shares together with warrants to purchase up to 47,619,050 Class A ordinary shares through a private placement for a total net proceeds of approximately RMB34.1 million, after deducting commissions and other offering expenses. The warrants were exercisable beginning six months following the date of issuance and will expire five years from the initial exercise date. The Company also issued warrants to initially purchase up to 2,380,950 Class A ordinary shares to a financial advisor in connection with this registered direct offering.