Expenses by nature (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Expenses by nature |
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| Schedule of cost of sales, selling and distribution and general and administrative expenses |
| | | | | | | | | | | 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 | Cost of inventories (Note 16(a)) | | 6,859,362 | | 4,292,806 | | 9,099,543 | | 11,533,059 | Payroll and employee benefits (i) | | 819,592 | | 580,801 | | 1,475,943 | | 2,296,516 | Rental and related expenses | | 69,174 | | 80,847 | | 279,429 | | 444,216 | Depreciation and amortization (ii) | | 391,167 | | 285,241 | | 808,694 | | 1,206,305 | Licensing expenses | | 249,437 | | 178,241 | | 420,895 | | 608,764 | Promotion and advertising expenses | | 315,976 | | 246,883 | | 572,435 | | 704,285 | Logistics expenses | | 295,933 | | 203,024 | | 535,021 | | 594,235 | Travelling expenses | | 66,544 | | 45,827 | | 121,506 | | 141,143 | Other expenses | | 312,677 | | 198,561 | | 494,684 | | 758,316 | Total cost of sales, selling and distribution and general and administrative expenses | | 9,379,862 | | 6,112,231 | | 13,808,150 | | 18,286,839 |
Notes: | (i) | Payroll and employee benefits are analyzed as follows: |
| (ii) | Depreciation and amortization are analyzed as follows: |
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| Schedule of payroll and employee benefits |
| | | | | | | | | | | | | | | | | | | | 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 | Salaries, wages and bonus | | 657,236 | | 463,208 | | 1,202,421 | | 1,670,100 | Contributions to social security contribution plan | | 75,168 | | 53,977 | | 140,311 | | 181,962 | Welfare expenses | | 24,306 | | 17,184 | | 48,027 | | 76,585 | Equity-settled share-based payment expenses (Note 27) | | 62,882 | | 46,432 | | 85,184 | | 367,869 | | | 819,592 | | 580,801 | | 1,475,943 | | 2,296,516 |
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| Schedule of depreciation and amortization |
| | | | | | | | | | | 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 | Property, plant and equipment (Note 11) | | 70,706 | | 59,652 | | 157,214 | | 270,000 | Right-of-use assets (Note 12) | | 334,193 | | 239,787 | | 684,462 | | 971,471 | Less: amount capitalized as construction in progress | | (33,907) | | (22,604) | | (45,210) | | (45,210) | Intangible assets (Note 13) | | 20,175 | | 8,406 | | 12,228 | | 10,044 | | | 391,167 | | 285,241 | | 808,694 | | 1,206,305 |
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