Zai Lab Ltd
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
ZLAB$26.43-1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of December 31, 2024 and
Consolidated Balance Sheets
(in thousands of U.S. dollars (“$”), except for number of shares and per share data)
| December 31, | |||
|---|---|---|---|
| Notes | 2024 | 2023 | |
| Assets | |||
| Current assets | |||
| Cash and cash equivalents | 3 | 449,667 | 790,151 |
| Restricted cash, current | 100,000 | — | |
| Short-term investments | 4 | 330,000 | 16,300 |
| Accounts receivable (net of allowance for credit losses of $25 and $17 as of December 31, 2024 and 2023, respectively) | 85,178 | 59,199 | |
| Notes receivable | 4,233 | 6,134 | |
| Inventories, net | 5 | 39,875 | 44,827 |
| Prepayments and other current assets | 41,527 | 22,995 | |
| Total current assets | 1,050,480 | 939,606 | |
| Restricted cash, non-current | 1,114 | 1,113 | |
| Long-term investments | 6 | 3,115 | 9,220 |
| Prepayments for equipment | 18 | 111 | |
| Property and equipment, net | 7 | 47,961 | 53,734 |
| Operating lease right-of-use assets | 8 | 21,496 | 14,844 |
| Land use rights, net | 2,907 | 3,069 | |
| Intangible assets, net | 9 | 56,027 | 13,389 |
| Long-term deposits | 1,284 | 1,209 | |
| Value added tax recoverable | 1,351 | — | |
| Total assets | 1,185,753 | 1,036,295 | |
| Liabilities and shareholders’ equity | |||
| Current liabilities | |||
| Accounts payable | 100,906 | 112,991 | |
| Current operating lease liabilities | 8 | 8,048 | 7,104 |
| Short-term debt | 12 | 131,711 | — |
| Other current liabilities | 13 | 58,720 | 82,972 |
| Total current liabilities | 299,385 | 203,067 | |
| Deferred income | 31,433 | 28,738 | |
| Non-current operating lease liabilities | 8 | 13,712 | 8,047 |
| Other non-current liabilities | 325 | 325 | |
| Total liabilities | 344,855 | 240,177 | |
| Commitments and contingencies (Note 20) | |||
| Shareholders’ equity | |||
| Ordinary shares (par value of $0.000006 per share; 5,000,000,000 shares authorized, 1,082,614,740 and 977,151,270 shares issued as of December 31, 2024 and 2023, respectively; 1,077,702,540 and 972,239,070 shares outstanding as of December 31, 2024 and 2023) | 7 | 6 | |
| Additional paid-in capital | 3,264,295 | 2,975,302 | |
| Accumulated deficit | (2,453,083) | (2,195,980) | |
| Accumulated other comprehensive income | 50,515 | 37,626 | |
| Treasury stock (at cost, 4,912,200 shares as of both December 31, 2024 and 2023) | (20,836) | (20,836) | |
| Total shareholders’ equity | 840,898 | 796,118 | |
| Total liabilities and shareholders’ equity | 1,185,753 | 1,036,295 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.