FINANCIAL INSTRUMENTS

6 Months Ended

Jun. 30, 2024

Notes and other explanatory information [abstract]

FINANCIAL INSTRUMENTS

14. FINANCIAL INSTRUMENTS

(a) Financial assets

Set out below is an overview of financial assets, other than cash and short-term deposits, held by the Group as of December 31, 2023 and June 30, 2024:

	December 31,		June 30,
	2023		2024		2024
	CNY		CNY		US$
	(Audited)		(Unaudited)		(Unaudited)
Debt instruments at amortized cost:
Financial assets included in other Receivables		3		3		—
Total		3		3		—
Total Current		3		3		—
Total Non-current		—		—		—

(b) Financial liabilities

Set out below, is an overview of financial liabilities of the Group as of December 31, 2023 and June 30, 2024:

	December 31,		June 30
	2023		2024		2024
	CNY		CNY		US$
	(Audited)		(Unaudited)		(Unaudited)
Derivatives not designated as hedging instruments:
Derivative financial liabilities (Note 16)		—		4,419		608
Financial liabilities at amortized cost:
Trade payables		100		100		14
Financial liabilities in other payables and accruals		7,864		2,677		368
Lease liabilities		360		376		52
Due to related companies		9,069		6,221		856
Due to the Shareholder		85,673		77,317		10,639
Total		103,066		91,110		12,537
Total current		103,066		91,110		12,537
Total non-current		—		—		—

(c) Fair value

The following table provides the fair value measurement hierarchy of the Group's financial liabilities as at June 30, 2024:

	Quoted prices in active markets (Level 1) (Unaudited)		Significant observable inputs(Level 2) (Unaudited)		Significant unobservable inputs(Level 3) (Unaudited)		Total
		CNY		CNY		CNY		CNY
Financial liabilities
Derivative financial liabilities		—		4,419		—		4,419

	Quoted prices in active markets (Level 1) (Unaudited)		Significant observable inputs(Level 2) (Unaudited)		Significant unobservable inputs(Level 3) (Unaudited)		Total
		US$		US$		US$		US$
Financial liabilities
Derivative financial liabilities		—		608		—		608

There are no financial assets measured at fair value as of December 31, 2023 and June 30,2024.