Share-based payments (Tables)
|
12 Months Ended |
Dec. 31, 2024 |
|---|
| Share-based payments |
|
| Schedule of Number and Weighted Average Exercise Prices and Movements in the Share Incentive Plan |
| | |
| | |
Weighted | |
| | |
| | |
average | |
| | |
Number of | | |
exercise | |
| | |
options | | |
prices | |
| | |
| | |
US$ | |
| Outstanding as of December 31, 2022 | |
| 210,114,428 | | |
| 0.00 | * |
| Granted | |
| 199,457,890 | | |
| 0.08 | |
| Forfeited | |
| (27,590,368 | ) | |
| 0.10 | |
| Exercised | |
| (48,463,868 | ) | |
| 0.01 | |
| Outstanding as of December 31, 2023 | |
| 333,518,082 | | |
| 0.04 | |
| Exercisable as of December 31, 2023 | |
| 204,896,622 | | |
| 0.00 | * |
| | |
Number of | | |
Weighted
average | |
| | |
options | | |
exercise prices | |
| | |
| | |
US$ | |
| Outstanding as of December 31, 2023 | |
| 333,518,082 | | |
| 0.04 | |
| Granted | |
| 378,054,660 | | |
| 0.00 | * |
| Forfeited | |
| (147,021,300 | ) | |
| 0.02 | |
| Exercised | |
| (226,848,352 | ) | |
| 0.04 | |
| Outstanding as of December 31, 2024 | |
| 337,703,090 | | |
| 0.03 | |
| Exercisable as of December 31, 2024 | |
| 191,253,800 | | |
| 0.01 | |
|
| Schedule of Inputs to the Models Used for the Valuation of the Share Options |
| |
|
|
As of December 31, |
|
| |
|
|
2023 |
|
|
2024 |
|
| |
|
|
|
|
|
|
|
| Weighted average fair value at the measurement date |
|
|
US$0.46 |
|
|
US$0.01 |
|
| Expected volatility |
|
|
66.48%-67.66 |
% |
|
71.93%-73.45 |
% |
| Risk–free interest rate |
|
|
3.48%-4.59 |
% |
|
3.74%-4.48 |
% |
| Expected life of share options (years) |
|
|
9.85 |
|
|
9.88 |
|
| Weighted average share price |
|
|
US$0.52 |
|
|
US$0.13 |
|
|
| Schedule of Share-based Compensation Expense |
| | |
Year ended December 31, | |
| | |
2022 | | |
2023 | | |
2024 | |
| | |
RMB’000 | | |
RMB’000 | | |
RMB’000 | |
| Cost of revenues | |
| 5,322 | | |
| 8,895 | | |
| 6,661 | |
| Selling and marketing expenses | |
| 27,846 | | |
| 63,766 | | |
| 25,835 | |
| Administrative expenses | |
| 170,145 | | |
| 316,762 | | |
| 117,474 | |
| Research and development expenses | |
| 10,519 | | |
| 9,653 | | |
| 10,451 | |
| | |
| 213,832 | | |
| 399,076 | | |
| 160,421 | |
|
| Newlink Share Incentive Plan |
|
| Share-based payments |
|
| Schedule of Number and Weighted Average Exercise Prices and Movements in the Share Incentive Plan |
| | |
Year ended December 31, 2023 | | |
Year ended December 31, 2024 | |
| | |
Number of | | |
Weighted average | | |
Number of | | |
Weighted average | |
| | |
options | | |
exercise prices | | |
options | | |
exercise prices | |
| | |
| | |
US$ | | |
| | |
US$ | |
| Outstanding as of January 1 | |
| 3,856,621 | | |
| 0.08 | | |
| 3,248,246 | | |
| 0.00 | * |
| Granted | |
| 103,610 | | |
| 0.00 | * | |
| — | | |
| N/A | |
| Forfeited | |
| (711,985 | ) | |
| 0.42 | | |
| (415,407 | ) | |
| 0.20 | |
| Exercised | |
| — | | |
| N/A | | |
| — | | |
| N/A | |
| Outstanding as of December 31 | |
| 3,248,246 | | |
| 0.00 | * | |
| 2,832,839 | | |
| 0.00 | * |
| Exercisable as of December 31 | |
| 2,426,789 | | |
| 0.00 | * | |
| 2,742,781 | | |
| 0.00 | * |
| * | Representing amount less than US$0.01. |
|