Company: HMDCF
Filing Date: 2025-03-19
Form Type: 20-F
Source: 0001410578-25-000377
Chunk: 291

Company: HUTCHMED (China) Ltd
Filing Date: 2025-03-19
Form: 20-F
Item: Item 1
Chunk 291
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  Research and development expenses                                     (212,109)      (33.7)      (302,001)      (36.0)      (386,893)      (90.7)  
  Selling expenses                                                       (48,617)       (7.7)       (53,392)       (6.4)       (43,933)      (10.3)  
  Administrative expenses                                                (64,296)      (10.2)       (79,784)       (9.5)       (92,173)      (21.6)  
  Other income/(expense)                                                   42,598         6.8         39,933         4.8        (2,729)       (0.6)  
  Income tax (expense)/benefit                                            (7,192)       (1.1)        (4,509)       (0.5)            283         0.1  
  Equity in earnings of equity investees, net of tax                       46,469         7.4         47,295         5.6         49,753        11.7  
  Net income/(loss)                                                        38,170         6.1        101,094        12.1      (360,386)      (84.5)  
  Net income /(loss) attributable to our company                           37,729         6.0        100,780        12.0      (360,835)      (84.6)  

Taxation

Cayman Islands

HUTCHMED (China) Limited is incorporated in the Cayman Islands. The Cayman Islands currently levies no taxes on profits, income, gains or appreciation earned by individuals or corporations. In addition, our payment of dividends, if any, is not subject to withholding tax in the Cayman Islands. For more information, see Item 10. E. “ Taxation - Overview of Tax Implications of Various Other Jurisdictions - Cayman Islands Taxation.”

People’s Republic of China

Our subsidiaries and a joint venture incorporated in the PRC are governed by the EIT Law and regulations. Under the EIT Law, the standard EIT rate is 25% on taxable profits as reduced by available tax losses. Tax losses may be carried forward to offset any taxable profits for the following five years (extended to ten years for those with HNTE status, with