GOODWILL (Tables)

12 Months Ended

Dec. 31, 2021

GOODWILL [abstract]

Schedule of goodwill

	RMB’000
Year ended December 31, 2020 and 2021
Opening net book amount		281,255
Additions		—
Impairment		—
Closing net book amount		281,255
Year ended December 31, 2019 and 2020
Opening net book amount		281,255
Additions		—
Impairment		—
Closing net book amount		281,255

Schedule of key assumptions used for value-in-use calculations

Railroad business	2020	2021
Revenue growth rate (within the five-year period)	8% - 32%	6% - 10%
Long-term growth rate (beyond the five-year period)	3%	3%
Gross margin	3% -  8%	-1% - 7%
Pre-tax discount rate	12%	12%