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Other Income
6 Months Ended
Jun. 30, 2022
Other Income Expense [Abstract]  
Other Income

7. Other Income

 

 

 

Six Months Ended June 30,

 

 

 

 

2021

 

 

2022

 

 

 

 

RMB’000

 

 

RMB’000

 

 

Government grants

 

 

5,041

 

 

 

1,584

 

 

 

 

 

5,041

 

 

 

1,584

 

 

 

 

 

 

 

 

 

 

Government grants are cash incentives received related to specific operating expenses incurred. During the six months ended June 30, 2022, the Group received a government subsidy from a Chinese local government for research and development spending totaling RMB 1.3 million (USD 0.2 million). During the six months ended June 30, 2021, the Group received a one-time award of RMB 5.0 million (USD 0.8 million) from a Chinese local government for the Company’s successful IPO listing.