Company: HMDCF
Filing Date: 2025-03-19
Form Type: 20-F
Source: 0001410578-25-000377
Chunk: 710

Company: HUTCHMED (China) Ltd
Filing Date: 2025-03-19
Form: 20-F
Item: Item 16K
Chunk 710
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 Revenue and Segment Information

Management has reviewed the Group’s internal reporting in order to assess performance and allocate resources, and has determined that the Group has two reportable operating segments as follows:

- Manufacturing business - manufacture and distribution of drug products

- Distribution business - provision of sales, distribution and marketing services to pharmaceutical manufacturers and healthcare products

The operating segments are strategic business units that offer different products and services. They are managed separately because each business requires different technology and marketing approaches. The performance of each of the reportable segments is assessed based on a measure of operating profit/(loss).

F-72

Table of Contents

The segment information is as follows:

                                                                                                  Year Ended December 31, 2024                                   
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                                                                                 Manufacturing      Distribution                 
                                                                                                                      business      business              Total  
                                                                                                                           PRC                                   
                                                                                                                (in US$ ’ 000)                                   
  Revenue from external customers                                                                                      387,615      5,910               393,525  
  Cost of inventories recognized as expense                                                                           (73,064)      (4,078)            (77,142)  
  Research and development expenses                                                                                   (13,782)      —                  (13,782)  
  Movement on the provision for excess and obsolete inventories                                                        (1,767)      (86)                (1,853)  
  Employee benefit expenses (Note 9)                                                                                 (119,017)      (2,343)           (121,360)  
  Interest income                                                                                                          486      282                     768  
  Operating profit/(loss)                                                                                              112,785      (3,815)             108,970  
  Finance costs                                                                                                           (44)      (2)                    (46)  
  Income tax expense                                                                                                  (15,995)      —                  (15,995)  
  Depreciation of property, plant and equipment                                                                        (6,884)      (4)                 (6,888)  
  Additions to non-current assets (other than financial instruments and deferred tax assets)                             4,389      172                   4,561  

  December 31, 2024                                 
 ────────────────────────────────────────────────────
  Manufacturing          Distribution               
  business               business          Total    
  PRC                                               
  (in US$ ’ 000)                                    
  276,020