Borrowings (Tables)

12 Months Ended

Dec. 31, 2025

Disclosure of detailed information about borrowings [line items]

Summary of Borrowings


		December 31, 2024				December 31, 2025
		RMB’000				RMB’000
Secured
- Bank borrowings (a)			—				8,227,300
Unsecured
- Bank borrowings (b)			50,726,390				54,890,796

			50,726,390				63,118,096
Interest payable			388,185				417,817

Total borrowings			51,114,575				63,535,913

Summary of Interest Rates of Borrowings

(b)	The following table sets forth the range of interest rates of borrowings as of December 31, 2024 and 2025:


		December 31, 2024				December 31, 2025
		December 31, 2024				December 31, 2025
Bank borrowings - fixed rate			2.24%-4.20%				1.65%-4.20%
Bank borrowings - floating rate			3.78%-7.23%				3.35%-6.39%

Summary of Bank Borrowings Repayable

(c)	The bank borrowings are repayable as follows:


		December 31, 2024				December 31, 2025
		RMB’000				RMB’000
Within 1 year			49,114,132				62,088,750
Between 1 and 2 years			2,000,443				1,447,163

		51,114,575				63,535,913