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UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Loss before tax $ (172,482) $ (182,813)
Adjustments for:    
Finance income (227) (1,808)
Finance costs 90 4,079
Reversal of the impairment of trade receivables (22) (9)
Write-down of inventories to net realizable value 6  
Loss from disposal of property, plant and equipment 937 1
Depreciation of property, plant and equipment 5,391 4,421
Amortisation of intangible assets 596 54
Depreciation of right-of-use assets 721 694
Fair value loss of warrant liability 1,600  
Fair value loss of convertible redeemable preferred shares   79,984
Fair value gains on financial assets at fair value change through profit or loss   (39)
Foreign currency exchange loss, net 703 27
Equity-settled share-based compensation expenses 8,033 668
Deferred government grant (144)  
Adjustments to reconcile profit (loss) (154,798) (94,741)
Decrease in trade receivables 60,000 30,000
Decrease/(increase) in prepayments, other receivables and other assets (1,081) 387
Increase in other non-current assets (912)  
(Increase)/Decrease in inventories 94 (511)
Government grant received 79  
(Decrease)/increase in trade and notes payables 5,763 (2,610)
(Decrease)/increase in other payables and accruals 27,649 (12,597)
Decrease in contract liabilities (21,318) (23,033)
Decrease of pledged short-term deposits, net 128  
Cash used in operations (84,396) (103,105)
Income tax paid (1)  
Finance income received 145 529
Interest on lease payments (73) (105)
Net cash flows used in operating activities (84,325) (102,681)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property, plant and equipment (28,926) (26,220)
Purchase of intangible assets (2,424) (530)
Proceeds from disposal of items of property, plant and equipment 20  
Purchase of financial assets at fair value through profit or loss   (18,504)
Cash received from withdrawal of financial assets at fair value through profit or loss   18,504
Cash receipts from investment income   39
Purchase of financial investment measured at amortized cost (29,849)  
Addition of time deposits (204,644)  
Decrease in time deposits 80,000  
Net cash flows used in investing activities (185,823) (26,711)
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayment of cash advances from related parties   (4)
Proceeds from convertible redeemable preferred shares   160,450
Proceeds from issuance of ordinary shares for Initial public offering, net of issuance costs   450,085
Proceeds from issuance of ordinary shares relating to private placement for an institutional investor 300,000  
Payments of expenses for issuance convertible redeemable preferred shares   (250)
Proceeds from exercise of share option 2,509  
Principal portion of lease payments (550) (1,723)
Net cash flows from financing activities 301,959 608,558
NET INCREASE IN CASH AND CASH EQUIVALENTS 31,811 479,166
Effect of foreign exchange rate changes, net 715 (139)
Cash and cash equivalents at beginning of period 455,689 83,364
CASH AND CASH EQUIVALENTS AT END OF PERIOD 488,215 562,391
ANALYSIS OF BALANCES OF CASH AND CASH EQUIVALENTS    
Cash and bank balances 663,115 638,206
Less: Pledged short-term deposits 256 256
Time deposits 174,644 75,559
Cash and cash equivalents as stated in the statement of financial position 488,215 562,391
Cash and cash equivalents as stated in the statement of cash flows $ 488,215 $ 562,391