Company: HMDCF
Filing Date: 2025-03-19
Form Type: 20-F
Source: 0001410578-25-000377
Chunk: 712

Company: HUTCHMED (China) Ltd
Filing Date: 2025-03-19
Form: 20-F
Item: Item 16K
Chunk 712
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 14.4%).

9. Employee Benefit Expenses

                                                  Year Ended December 31,                            
                                                                     2024         2023         2022  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────
                                                           (in US$ ’ 000)                            
  Wages, salaries and bonuses                                      93,356       90,372       86,330  
  Pension costs — defined contribution plans                       11,094       10,444        9,701  
  Staff welfare                                                    16,910       16,310       15,169  
                                                                  121,360      117,126      111,200  

Employee benefit expenses of approximately US$22.1 million for the year ended December 31, 2024 (2023: US$22.8 million; 2022: US$19.8 million) are included in cost of sales.

10. Cash and Cash Equivalents and Short-term Investment

                                   December 31,              
                                           2024        2023  
 ─────────────────────────────────────────────────────────────
                                 (in US$ ’ 000)              
  Cash and cash equivalents              48,160      19,129  
  Short-term investment                   2,718           —  
                                         50,878      19,129  

The cash and bank balances denominated in RMB were deposited with banks in the PRC. The conversion of these RMB denominated balances into foreign currencies is subject to the rules and regulations of foreign exchange control promulgated by the PRC government.

11. Trade and Bills Receivables

                                                          December 31,              
                                                                  2024        2023  
 ────────────────────────────────────────────────────────────────────────────────────
                                                        (in US$ ’ 000)              
  Trade receivables — third parties                             14,665      11,461  
  Trade receivables — related parties (Note 22(b))               2,283       1,303  
  Bills receivables                                              3,112       2,837  
  Loss allowance                                                  (49)           —  
  Trade and bills receivable, net                               20,011      15,601  

All trade and bills receivables are denominated in RMB and are due within one year from the end of the reporting period. The carrying values of trade and bills receivables approximate their fair values due to their short