| Earnings per share |
10Earnings per share (a)Basic earnings per share The calculation of basic earnings per share has been based on the following profit attributable to ordinary shareholders and weighted-average number of ordinary shares outstanding. (i)Profit attributable to ordinary shareholders (basic): | | | | | | | | | | | For the year | | For the six | | For the year | | For the year | | | ended | | months ended | | ended | | ended | | | June 30, | | December 31, | | December 31, | | December 31, | | | 2023 | | 2023 | | 2024 | | 2025 | | | RMB’000 | | RMB’000 | | RMB’000 | | RMB’000 | Profit attributable to the equity shareholders of the Company | | 1,768,926 | | 1,248,405 | | 2,617,560 | | 1,205,045 | Less: | | | | | | | | | Allocation of undistributed earnings to holders of unvested restricted shares | | (424) | | — | | — | | — | | | | | | | | | | Profit used to determine basic earnings per share | | 1,768,502 | | 1,248,405 | | 2,617,560 | | 1,205,045 |
The unvested restricted shares granted to employees under the 2020 Share Incentive Plan (see Note 27) are entitled to non-forfeitable dividends during the vesting period. For the purpose of calculating basic earnings per share, the numerators are thus be adjusted for the undistributed earnings attributed to these unvested shares in accordance with their participating rights, which have not been recognized in profit or loss. (ii)Weighted-average number of ordinary shares (basic): The weighted average number of ordinary shares were calculated as follows: | | | | | | | | | | | For the year | | For the six | | For the year | | For the year | | | ended | | months ended | | ended | | ended | | | June 30, | | December 31, | | December 31, | | December 31, | | | 2023 | | 2023 | | 2024 | | 2025 | | | Number of shares | | Number of shares | | Number of shares | | Number of shares | Issued ordinary share at the beginning of the year/period | | 1,202,646,619 | | 1,244,854,689 | | 1,243,332,789 | | 1,233,993,805 | Effect of shares issued relating to Hong Kong public offering and exercise of the over-allotment option | | 40,181,685 | | — | | — | | — | Effect of shares released from share incentive plan (Note 27) | | 2,878,812 | | 281,729 | | 1,311,146 | | 1,615,301 | Effect of repurchase of shares (Note 26(b)(v)) | | (2,386,739) | | (209,553) | | (5,249,672) | | (9,147,380) | | | | | | | | | | Weighted average number of ordinary shares | | 1,243,320,377 | | 1,244,926,865 | | 1,239,394,263 | | 1,226,461,726 |
(b)Diluted earnings per share Diluted earnings per share is calculated by adjusting the weighted average number of ordinary shares outstanding to assume conversion of all potential dilutive ordinary shares. For the year ended June 30, 2023, the six months ended December 31, 2023 and the years ended December 31, 2024 and 2025, the calculation of diluted earnings per share were based on the profit attributable to ordinary equity shareholders of the Company of RMB1,768,926,000, RMB1,248,405,000, RMB2,617,560,000 and RMB1,205,045,000 respectively, and the weighted average number of ordinary shares, after adjusting by the dilutive effect of share incentive plan, calculated as follows: | | | | | | | | | | | For the year | | For the six | | For the year | | For the year | | | ended | | months ended | | ended | | ended | | | June 30, | | December 31, | | December 31, | | December 31, | | | 2023 | | 2023 | | 2024 | | 2025 | | | Number of shares | | Number of shares | | Number of shares | | Number of shares | Weighted average number of ordinary shares, basic | | 1,243,320,377 | | 1,244,926,865 | | 1,239,394,263 | | 1,226,461,726 | Dilutive effect of share incentive plan (Note 27) | | 7,224,739 | | 6,708,997 | | 7,423,354 | | 7,075,845 | | | | | | | | | | Weighted average number of ordinary shares, diluted | | 1,250,545,116 | | 1,251,635,862 | | 1,246,817,617 | | 1,233,537,571 |
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