Deferred Tax Assets And Deferred Tax Liabilities (Tables)

12 Months Ended

Dec. 31, 2025

Deferred tax assets and liabilities [abstract]

Summary of Deferred Income Assets and Liabilities Net

Deferred income assets and liabilities of the Group are set out as follows:


		December 31, 2024				December 31, 2025
		RMB’000				RMB’000
Deferred tax assets			6,773,586				6,978,651
Deferred tax liabilities			(333,560	)			(297,931	)

Net amount			6,440,026				6,680,720

Summary of Deferred Tax Assets

(a)	The following table sets forth the details of deferred tax assets:


		December 31, 2024				December 31, 2025
		RMB’000				RMB’000
Provision for asset impairment			2,435,906				3,021,335
Deductible tax losses			2,455,815				2,538,530
Guarantee liabilities			1,054,495				1,411,836
Revenue recognition - book-tax difference			880,682				863,409
Employee benefit payables			749,455				720,956
Accrued expenses			231,128				205,878
Changes in fair value			449,925				239,267
Lease liabilities			75,717				64,941
Others			5,819				2,666

			8,338,942				9,068,818

Summary of Deductible Temporary Differences and Deductible Losses that are not Recognized as Deferred Tax Assets

(e)	The following table sets forth the net balances of deferred tax assets and liabilities after offsetting:


		December 31, 2024								December 31, 2025
		Offset amount				Balance after offsetting				Offset amount				Balance after offsetting
		RMB’000				RMB’000				RMB’000				RMB’000
Deferred tax assets			(1,565,356	)			6,773,586				(2,090,167	)			6,978,651

Deferred tax liabilities			1,565,356				(333,560	)			2,090,167				(297,931	)

Summary of Deductible Losses that are not Recognized as Deferred Tax Assets Expiration

(f)	Deductible temporary differences and deductible losses that are not recognized as deferred tax assets are analyzed as follows:


		December 31, 2024				December 31, 2025
		RMB’000				RMB’000
Deductible temporary differences			5,806,517				5,707,920
Deductible losses			4,110,264				3,245,713

			9,916,781				8,953,633

Summary of Movements in Deferred Tax Asset

(b)	The following table sets forth the movements of the deferred tax assets:


Movements		Provision for asset impairment				Deductible tax losses				Guarantee liabilities				Revenue recognition - differences between accounting and tax book				Employee benefit payables				Accrued expenses				Changes in fair value				Lease liabilities and others				Total
		RMB’000				RMB’000				RMB’000				RMB’000				RMB’000				RMB’000				RMB’000				RMB’000				RMB’000
As of January 1, 2023			2,322,459				217,500				1,440,842				1,097,274				486,985				348,037				181,554				215,517				6,310,168
Credited/(charged) - to profit or loss			(104,280	)			1,659,170				(394,459	)			(73,797	)			85,208				(68,534	)			173,524				(105,653	)			1,171,179

As of December 31, 2023			2,218,179				1,876,670				1,046,383				1,023,477				572,193				279,503				355,078				109,864				7,481,347

Credited/(charged) - to profit or loss			217,727				579,145				8,112				(142,795	)			177,262				(48,375	)			94,847				(28,328	)			857,595

As of December 31, 2024			2,435,906				2,455,815				1,054,495				880,682				749,455				231,128				449,925				81,536				8,338,942

Credited/(charged) - to profit or loss			585,429				82,715				357,341				(17,273	)			(28,499	)			(25,250	)			(210,658	)			(13,929	)			729,876

As of December 31, 2025			3,021,335				2,538,530				1,411,836				863,409				720,956				205,878				239,267				67,607				9,068,818

Summary of Deferred Tax Liabilities

(c)	The following table sets forth for the details of deferred tax liabilities:


		December 31, 2024				December 31, 2025
		RMB’000				RMB’000
Unrealized consolidated earnings			1,483,995				1,500,564
Intangible assets arising from business combination			226,759				224,959
Withholding tax			—				330,000
Changes in fair value			93,281				258,289
Right-of-use assets			73,983				66,381
Others			20,898				7,905

			1,898,916				2,388,098

Summary of Movements in Deferred Tax Liabilities

(d)	The following table sets forth the movements of the deferred tax liabilities:


Movements		Unrealized consolidated earnings				Intangible assets arising from business combination				Withholding tax				Changes in fair value				Right-of- use assets				Others				Total
		RMB’000				RMB’000				RMB’000				RMB’000				RMB’000				RMB’000				RMB’000
As of January 1, 2023			1,376,336				211,565				—				61,546				188,502				11,561				1,849,510
Charged/(credited) - to profit or loss			423,487				—				—				52,510				(88,277	)			4,602				392,322

As of December 31, 2023			1,799,823				211,565				—				114,056				100,225				16,163				2,241,832

Charged/(credited) - to profit or loss			(315,828	)			15,194				—				(20,775	)			(26,242	)			4,735				(342,916	)

As of December 31, 2024			1,483,995				226,759				—				93,281				73,983				20,898				1,898,916

Charged/(credited) - to profit or loss			16,569				(1,800	)			330,000				165,008				(7,602	)			(12,993	)			489,182

As of December 31, 2025			1,500,564				224,959				330,000				258,289				66,381				7,905				2,388,098

Summary of Net Balances of Deferred Tax Assets and Liabilities

(g)	Deductible losses that are not recognized as deferred tax assets will expire as follows:


		December 31, 2024				December 31, 2025
		RMB’000				RMB’000
Within one year			140,510				30,636
In the second year			30,725				267,304
In the third year			263,706				802,064
In the fourth year			463,798				91,183
Beyond five years			779,670				765,504
No due date			2,431,855				1,289,022

			4,110,264				3,245,713