Company: HMDCF
Filing Date: 2025-03-19
Form Type: 20-F
Source: 0001410578-25-000377
Chunk: 302

Company: HUTCHMED (China) Ltd
Filing Date: 2025-03-19
Form: 20-F
Item: Item 1
Chunk 302
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 discussion of our net cash generated from/(used in) operating activities for the years ended December 31, 2023 and 2022, see Item 5. B. “ Liquidity and Capital Resources” of our annual report on Form 20-F for the year ended December 31, 2023, filed with the SEC on February 28, 2024.

Table of Contents

Net Cash (used in)/generated from Investing Activities

Net cash used in investing activities was $291.1 million for the year ended December 31, 2023, compared to $96.1 million for the year ended December 31, 2024. The net change of $195.0 million was primarily attributable to the movement in short-term investments of $205.6 million which had net deposits into short-term investments of $285.0 million for the year ended December 31, 2023, as compared to $79.4 million for the year ended December 31, 2024 with the change due to the $400 million Takeda upfront payment received during the year ended December 31, 2023. The net change was also attributable to a $14.7 million decrease in purchases of property, plant and equipment from $32.6 million for the year ended December 31, 2023 to $17.9 million for the year ended December 31, 2024 primarily due to lower capital expenditures for the Shanghai manufacturing site. The net change was partially offset by a decrease in dividends received from divestment of a former equity investee from $29.5 million for the year ended December 31, 2023 to nil for the year ended December 31, 2024.

For a discussion of our net cash (used in)/generated from investing activities for the years ended December 31, 2023 and 2022, see Item 5. B. “ Liquidity and Capital Resources” of our annual report on Form 20-F for the year ended December 31, 2023, filed with the SEC on February 28, 2024 and for the year ended December 31, 2023, filed with the SEC on February 28, 2023.

Net Cash (used in)/generated from Financing Activities

Net cash generated from financing activities was $48.7 million for the year ended December 31, 2023, compared to net cash used in financing activities of $30.7 million for the year ended December