Company: HMDCF
Filing Date: 2025-03-19
Form Type: 20-F
Source: 0001410578-25-000377
Chunk: 660

Company: HUTCHMED (China) Ltd
Filing Date: 2025-03-19
Form: 20-F
Item: Item 16K
Chunk 660
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 receivable, other receivables, amounts due from related parties, accounts payable and other payables are carried at cost, which approximates fair value due to the short-term nature of these financial instruments. Bank borrowings are floating rate instruments and carried at amortized cost, which approximates fair values.

5. Cash and Cash Equivalents and Short-term Investments

                                                         December 31,               
                                                                 2024         2023  
 ────────────────────────────────────────────────────────────────────────────────────
                                                       (in US$ ’ 000)               
  Cash and Cash Equivalents                                                         
  Cash at bank and on hand                                     84,480      129,968  
  Bank deposits maturing in three months or less               69,478      153,621  
                                                              153,958      283,589  
  Short-term Investments                                                            
  Bank deposits maturing over three months (note)             682,152      602,747  
                                                              836,110      886,336  

Note: The maturities for short-term investments ranged from91 to186 days and91 to187 days for the years ended December 31, 2024 and 2023 respectively.

Certain cash and bank balances denominated in RMB, US$ and UK Pound Sterling (“£”) were deposited with banks in the PRC. The conversion of these balances into foreign currencies is subject to the rules and regulations of foreign exchange control promulgated by the PRC government. Cash and cash equivalents and short-term investments were denominated in the following currencies:

                                     December 31,               
                                             2024         2023  
 ────────────────────────────────────────────────────────────────
                                   (in US$ ’ 000)               
  US$                                     795,566      836,718  
  RMB                                      37,906       45,772  
  Hong Kong dollar ( “ HK$ ”)               2,396        3,114  
  £                                           212          713  
  Others                                       30           19  
                                          836,110      886,336  

F-21

Table of Contents

6. Accounts Receivable

Accounts receivable from contracts with customers consisted of the following:

                                                             December 31,               
                                                                     2024         2023  
 ────────────────────────────────────────────────────────────────────────────────────────
                                                           (in US$ ’ 000)               
  Accounts receivable — third