Company: HMDCF
Filing Date: 2025-03-19
Form Type: 20-F
Source: 0001410578-25-000377
Chunk: 666

Company: HUTCHMED (China) Ltd
Filing Date: 2025-03-19
Form: 20-F
Item: Item 16K
Chunk 666
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31,              
                             2024        2023  
 ───────────────────────────────────────────────
                   (in US$ ’ 000)              
  Current                  23,372      31,155  
  Non-current              59,434      48,189  
                           82,806      79,344  

The weighted average interest rate for outstanding bank borrowings for the years ended December 31, 2024 and 2023 was3.02% per annum and3.41% per annum respectively. The carrying amounts of the Group’s outstanding bank borrowings as at December 31, 2024 and 2023 were denominated in RMB.

  (i)      Short-term working capital loan facility  
 ─────────────────────────────────────────────────────

In October 2024, a subsidiary entered into a short-term unsecured working capital loan facility with a bank in the amount of RMB300,000,000(US$40,769,000) with an annual interest rate at the 1-year China Loan Prime Rate (“ LPR”) less0.82%. As at December 31, 2024, RMB163,119,000(US$22,167,000) was drawn from the facility.

  (ii)      10-year fixed asset loan facility  
 ───────────────────────────────────────────────

In October 2021, a subsidiary entered into a10-yearfixed asset loan facility agreement with the bank for the provision of a secured credit facility in the amount of RMB754,880,000(US$102,586,000) with an annual interest rate at the 5-year China LPR less0.8% (which was supplemented in June 2022) and interest payments commencing upon completion of the underlying construction in progress. This credit facility is guaranteed by the immediate holding company of the subsidiary and secured by the underlying leasehold land and buildings (Shanghai manufacturing facility). As at December 31, 2024 and 2023, RMB446,212,000(US$60,639,000) and RMB344,840,000(US$48,189,000) were utilized from the fixed asset loan facility respectively.

For the years ended December 31, 2024 and 2023, US$44,000and US$1,047,000were related to capitalized interest.

The Group’s bank borrowings are repayable as from the dates indicated as follows