Company: HMDCF
Filing Date: 2025-03-19
Form Type: 20-F
Source: 0001410578-25-000377
Chunk: 713

Company: HUTCHMED (China) Ltd
Filing Date: 2025-03-19
Form: 20-F
Item: Item 16K
Chunk 713
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, deferred income, accelerated depreciation and other temporary differences. There is no deferred tax assets in respect of tax losses which have not been recognized in the consolidated financial statements as at December 31, 2024 (2023: nil).

17. Trade Payables

                                                       December 31,              
                                                               2024        2023  
 ─────────────────────────────────────────────────────────────────────────────────
                                                     (in US$ ’ 000)              
  Trade payables — third parties                             11,385      18,268  
  Trade payables — related parties (Note 22(b))               4,058       5,568  
                                                             15,443      23,836  

All trade payables are denominated in RMB and due within one year from the end of the reporting period. The carrying value of trade payables approximates their fair values due to their short-term maturities.

F-80

Table of Contents

18. Other Payables, Accruals and Advance Receipts

                                                       December 31,               
                                                               2024         2023  
 ──────────────────────────────────────────────────────────────────────────────────
                                                     (in US$ ’ 000)               
  Accrued salaries and benefits                              23,010       21,899  
  Accrued sales rebates and marketing expenses               57,492       61,996  
  Value ‑ added tax and tax surcharge payables                3,522        3,139  
  Payments in advance from customers (Note (a))               5,069        7,093  
  Dividend payable (Note 22 (b), Note (b))                   13,590       54,260  
  Others                                                      5,858        5,550  
                                                            108,541      153,937  

Note:

  (a)      Substantially all customer balances as at December 31, 2023 were recognized to revenue during the year ended December 31, 2024. Additionally, substantially all customer balances as at December ...  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

  (b)      On October 23, 2024, the Company declared a dividend of RMB211.7 million (US$29.6 million), of which RMB111.7 million (US$15.4 million)