Company: HMDCF
Filing Date: 2025-03-19
Form Type: 20-F
Source: 0001410578-25-000377
Chunk: 303

Company: HUTCHMED (China) Ltd
Filing Date: 2025-03-19
Form: 20-F
Item: Item 1
Chunk 303
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31, 2024. The net change of $79.4 million was attributable to a decrease of $56.1 million in net amounts drawn from bank borrowings to settle the capital expenditures for the Shanghai manufacturing site and working capital needs of prescription drug distribution business, from $61.7 million for the year ended December 31, 2023 to $5.6 million for the year ended December 31, 2024. The net change was also attributable to a $27.0 million increase in purchases of shares of the Company by a trustee (which are referred to as“ treasury shares” in the Company’ s financial statements and accounted as treasury shares under applicable accounting standards but do not constitute treasury shares under the Rules Governing the Listing of Securities on HKEX (the“ Hong Kong Listing Rules”)) for the settlement of equity awards of the Company which totaled $9.1 million for the year ended December 31, 2023, as compared to $36.1 million for the year ended December 31, 2024. The net change was partially offset by an $8.1 million decrease in dividends paid to non-controlling shareholders of subsidiaries from $9.1 million for the year ended December 31, 2023 to $1.0 million for the year ended December 31, 2024.

For a discussion of our net cash generated from/(used in) financing 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.

Table of Contents

Contractual Obligations

The following table sets forth our contractual obligations as of December 31, 2024. For more information on bank borrowings and interest on bank borrowings, please see “ - Loan Facilities.” Our purchase obligations relate to property, plant and equipment that are contracted for but not yet paid. Our lease obligations primarily comprise future aggregate minimum lease payments in respect of various factories, warehouse, offices and other assets under non-cancellable lease agreements. For more information on purchase obligations and lease obligations, please see “ - Capital Expenditures.”

                                   Payment Due by Period                                                                  
                                                              Less Than                                        More Than  
                                   Total                         1