Annual Report 2025

NOTESTOTHE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 December 2025 122 The United Laboratories International Holdings Limited Annual Report 2025 29. DEFERRED TAXATION (Continued) The Group’s unrecognised deductible temporary differences are as follows: 2025 2024 RMB’000 RMB’000 Tax loss carry forwards 1,113,451 1,596,686 During the years ended 31 December 2025 and 2024, no tax loss was expired. Included in unrecognised tax losses are losses of RMB430,987,000 (2024: RMB916,489,000) that will expire within five years, all other losses may be carried forward indefinitely. No deferred tax asset in respect of tax losses has been recognised because the amount of future taxable profit that will be available to realise such assets is uncertain. The unused tax losses will be expired as follows: 2025 2024 RMB’000 RMB’000 2025 – 6,223 2026 6,884 23,912 2027 74,314 214,731 2028 166,726 368,270 2029 183,063 303,353 430,987 916,489