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Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 790,151,000 $ 1,008,470,000
Short-term investments 16,300,000 0
Accounts receivable (net of allowance for credit loss of $17 and $11 as of December 31, 2023 and 2022, respectively) 59,199,000 39,963,000
Notes receivable 6,134,000 8,608,000
Inventories, net 44,827,000 31,621,000
Prepayments and other current assets 22,995,000 35,674,000
Total current assets 939,606,000 1,124,336,000
Restricted cash, non-current 1,113,000 803,000
Long-term investments 9,220,000 6,431,000
Prepayments for equipment 111,000 1,396,000
Property and equipment, net 53,734,000 57,863,000
Operating lease right-of-use assets 14,844,000 19,512,000
Land use rights, net 3,069,000 6,892,000
Intangible assets, net 13,389,000 1,511,000
Long-term deposits 1,209,000 1,396,000
Total assets 1,036,295,000 1,220,140,000
Current liabilities    
Accounts payable 112,991,000 65,974,000
Current operating lease liabilities 7,104,000 7,050,000
Other current liabilities 82,972,000 66,818,000
Total current liabilities 203,067,000 139,842,000
Deferred income 28,738,000 21,360,000
Non-current operating lease liabilities 8,047,000 13,343,000
Other non-current liabilities 325,000 0
Total liabilities 240,177,000 174,545,000
Commitments and contingencies (Note 20)
Shareholders’ equity    
Ordinary shares (par value of $0.000006 per share; 5,000,000,000 shares authorized, 977,151,270 and 962,455,850 shares issued as of December 31, 2023 and 2022, respectively; 972,239,070 and 960,219,570 shares issued and outstanding as of December 31, 2023 and 2022, respectively) 6,000 6,000
Additional paid-in capital 2,975,302,000 2,893,120,000
Accumulated deficit (2,195,980,000) (1,861,360,000)
Accumulated other comprehensive income 37,626,000 25,685,000
Treasury stock (at cost, 4,912,200 and 2,236,280 shares as of December 31, 2023 and 2022, respectively) (20,836,000) (11,856,000)
Total shareholders’ equity 796,118,000 1,045,595,000
Total liabilities and shareholders’ equity $ 1,036,295,000 $ 1,220,140,000