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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities      
Net Income $ 88,131 $ 14,458,911 $ 185,179
Adjustments to reconcile net income to net cash provided by operating activities:      
- Deferred income taxes (note 15) (83,010) 265,096 (11,227)
- Share-based compensation (note 20) 0 7,735 10,203
- Inventory provision (note 7) 140,004 70,133 5,816
- Provision for doubtful accounts 4,268 2,967 2,640
- Loss on disposal of property, plant and equipment (note 8) 5,213 977 163
- Depreciation of property, plant and equipment (note 8) 153,819 84,446 3,693
- Amortization of prepaid land lease payments (note 9) 1,749 2,203 238
- Amortization of intangible assets (note 10) 1,029 183 106
- Government grants recognized in income (760) (725) (297)
Changes in:      
- Accounts receivable 289,600 (710,355) (128,016)
- Inventories 30,382 (334,062) (77,738)
- Income tax (recoverable) / payable (1,275,296) 1,216,717 31,804
- Prepaid expenses and deposits 22,519 (143,324) (13,151)
- Deferred revenue (58,485) (288,779) 339,329
- Accounts payable and accrued liabilities (86,860) 720,858 131,777
- Other non-current liabilities (3,048) (440) (1,210)
Net cash (used in) provided by operating activities (770,745) 15,352,541 479,309
Financing activities      
- Proceeds from bank loans 151 13,511 33,227
- Repayments of bank loans (2,981) (33,436) (6,041)
- Proceeds from issuance of common stock, net of share issuance costs 0 1,033 1,999
- Dividend paid (263,171) (1,875,892) 0
- Proceeds from subsidiary's financing 11,291 0 541,043
- Government grants received (note 17) 14,797 4,317 16,521
- Loan from a non-controlling shareholder (note 13(a)) 0 7,119 10,162
- Repayments of loan from a non-controlling shareholder (note 12(a)) (1,486) (13,332) (4,345)
Net cash provided by (used in) financing activities (241,399) (1,896,680) 592,566
Investing activities      
- Proceeds from redemption of investments 6,327,521 6,567,491 124,562
- Proceeds from dissolution of subsidiary 114,352 0 0
- Proceeds from disposal of equipment 608 172 20
- Acquisition of intangible assets (9,568) (154) (164)
- Prepaid land lease payments (35,683) (30,986) 0
- Purchase of investments (11,658,465) (8,826,611) (201,688)
- Purchase of property, plant and equipment (393,800) (719,823) (127,486)
- Purchase of equity investments (105,435) (13,663) 0
Net cash used in investing activities (5,760,470) (3,023,574) (204,756)
Effect of exchange rate changes on cash and cash equivalents and restricted cash (560,769) 137,269 27,207
(Decrease) increase in cash and cash equivalents and restricted cash (7,333,383) 10,569,556 894,326
Cash and cash equivalents and restricted cash, beginning of year 11,619,760 1,050,204 155,878
Cash and cash equivalents and restricted cash, end of year 4,286,377 11,619,760 1,050,204
Supplemental disclosure of cash flow information:      
Cash paid for interest 1,112 2,799 1,041
Cash paid for income taxes $ 1,321,563 $ 1,487,979 $ 11,172