v3.26.3
CONTRACT ASSETS AND CONTRACT LIABILITIES
 6 Months Ended
Jun. 30, 2026
CONTRACT ASSETS AND CONTRACT LIABILITIES  
CONTRACT ASSETS AND CONTRACT LIABILITIES

14CONTRACT ASSETS AND CONTRACT LIABILITIES

(a) Contract assets

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As of December 31, 

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As of June 30, 

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2025

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2026

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RMB’000

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RMB’000

Contract assets

 

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Arising from sales of autonomous driving vehicles

 

21,251

 

21,449

Arising from provision of services

 

25,964

 

26,010

Less: loss allowance

 

(23,910)

 

(23,495)

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23,305

 

23,964

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All of the amounts are expected to be recovered within one year from the end of each of the reporting year/period.

(b) Contract liabilities

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As of December 31, 

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As of June 30, 

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2025

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2026

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RMB’000

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RMB’000

Contract liabilities

 

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–Billings in advance of performance

 

10,843

 

23,398

–Billings in advance of goods transferred

 

17,669

 

24,655

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28,512

 

48,053

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The amount of RMB14.2 million included in contract liabilities as of December 31, 2025 was recognized as revenue for the six months ended June 30, 2026.