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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows provided by operating activities      
Net Income $ 185,179,000 $ 65,215,000 $ 36,111,000
Adjustments to reconcile net income to net cash provided by operating activities:      
- Deferred income taxes (note 14) (11,227,000) (5,685,000) 3,146,000
- Share-based compensation (note 19) 10,203,000 3,003,000 4,305,000
- Inventory provision (note 6) 5,816,000 651,000 2,529,000
- Provision (recovery) for doubtful accounts 2,640,000 (306,000) 820,000
Loss on disposal of property, plant and equipment (note 7) 163,000 294,000 75,000
- Depreciation of property, plant and equipment and amortization of licenses (note 7) 3,693,000 4,579,000 4,887,000
- Amortization of prepaid land lease payments (note 8) 238,000 238,000 249,000
- Amortization of intangible assets (note 9) 106,000 0 0
- Government grants recognized in income (297,000) (688,000) (197,000)
Changes in:      
- Accounts receivable (128,016,000) (40,191,000) (13,082,000)
- Inventories (77,738,000) (3,651,000) (9,412,000)
- Income tax payable 31,804,000 4,904,000 (11,844,000)
- Prepaid expenses and deposits (13,151,000) 2,645,000 (2,613,000)
- Deferred revenue 339,329,000 2,521,000 (892,000)
- Accounts payable and accrued liabilities 131,777,000 6,793,000 (6,167,000)
- Other non-current liabilities (1,210,000) (1,248,000) 28,000
Net cash provided by operating activities 479,309,000 39,074,000 7,943,000
Cash flows provided by financing activities      
- Proceeds from bank loans 33,227,000 2,109,000 18,898,000
- Repayments of bank loans (6,041,000) (3,305,000) (43,886,000)
- Proceeds from issuance of common stock, net of share issuance costs 1,999,000 0 85,304,000
- Proceeds from shares subscribed 0 0 64,000
- Proceeds from subsidiary's financing 541,043,000 0 0
- Government grants received (note 16) 16,521,000 1,476,000 3,800,000
- Loan from a non-controlling shareholder (note 12(a)) 10,162,000 1,457,000 0
- Repayments of loan from a non-controlling shareholder (note 12(a)) (4,345,000) 0 0
Net cash provided by financing activities 592,566,000 1,737,000 64,180,000
Cash flows used in investing activities      
- Purchase of short-term investments (201,688,000) (50,665,000) (19,670,000)
- Proceeds from redemption of short-term investments 124,562,000 18,818,000 0
- Proceeds from disposal of equipment 20,000 21,000 22,000
- Acquisition of property, plant and equipment (127,486,000) (10,628,000) (5,613,000)
- Acquisition of intangible assets (164,000) 0 0
Net cash used in investing activities (204,756,000) (42,454,000) (25,261,000)
Effect of exchange rate changes on cash and cash equivalents and restricted cash 27,207,000 (649,000) (4,656,000)
Increase (decrease) in cash and cash equivalents and restricted cash 894,326,000 (2,292,000) 42,206,000
Cash and cash equivalents and restricted cash, beginning of year 155,878,000 158,170,000 115,964,000
Cash and cash equivalents and restricted cash, end of year 1,050,204,000 155,878,000 158,170,000
Supplemental disclosure of cash flow information:      
Cash paid for interest 1,041,000 717,000 1,494,000
Cash paid for income taxes $ 11,172,000 $ 7,307,000 $ 19,151,000