Company: HMDCF
Filing Date: 2025-03-19
Form Type: 20-F
Source: 0001410578-25-000377
Chunk: 664

Company: HUTCHMED (China) Ltd
Filing Date: 2025-03-19
Form: 20-F
Item: Item 16K
Chunk 664
---
Income tax expense (note (a)) ( 15,880) ( 17,636) ( 16,738)
Net income (note(b)) 93,706 94,852 99,716
Notes:
(a) The main entity within the SHPL group has been granted the High and New Technology Enterprise ( “ HNTE ”) status. Accordingly, the entity was eligible to use a preferential income tax rate of 1...
─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
(b) Net income is before elimination of unrealized profits on transactions with the Group. The amounts eliminated were approximately US $ 384,000, US $ 131,000 and US $ 110,000 for the years ended...
─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

F-27

Table of Contents

  (iii)      Reconciliation of summarized financial information  
 ─────────────────────────────────────────────────────────────────

Reconciliation of the summarized financial information presented to the carrying amount of the investment in an equity investee is as follows:

                                                                                      2024            2023           2022  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                                            (in US$ ’ 000)                                 
  Opening net assets after non-controlling interests as at January 1                91,628         141,433        145,741  
  Net income attributable to the shareholders of an equity investee                 93,706          94,852         99,716  
  Dividends declared                                                             ( 29,587)      ( 146,974)      ( 87,436)  
  Deemed distribution                                                               ( 690)               —              —  
  Other comprehensive (loss)/income                                               ( 3,801)           2,317      ( 16,588)  
  Closing net assets after non-controlling interests as at December 31             151,256          91,628        141,433  
  Group ’ s share of net assets                                                     75,628          45,814         70,717  
  Goodwill                                                                           2,718           2,795          2,872  
  Elimination of unrealized profits on downstream sales                             ( 581)          (