3 unchanged sentences
The carrying amounts of cash, cash equivalents, restricted cash and short-term investments represent the maximum amount of loss due to credit risk.
−Removed: We had cash and cash equivalents of $3.5 billion and $3.9 billion, restricted cash of $5.1 million and $5.5 million, and short-term investments of $0.3 billion and $0.7 billion as of March 31, 2023 and December 31, 2022, respectively.
+Added: We had cash and cash equivalents of $3.4 billion and $3.9 billion, restricted cash of $11.2 million and $5.5 million, and short-term investments of $0.1 billion and $0.7 billion as of June 30, 2023 and December 31, 2022, respectively.
Our cash and cash equivalent are deposited with various major reputable financial institutions located within or outside the PRC.
2 unchanged sentences
We believe that these financial institutions are of high credit quality, and we continually monitor the credit worthiness of these financial institutions.
−Removed: On March 31, 2023, our short-term investments consisted of U.S.
+Added: On June 30, 2023, our short-term investments consisted of U.S.
treasury securities.
5 unchanged sentences
Given the short‑term nature of our cash equivalents, we believe that a sudden change in market interest rates would not be expected to have a material impact on our financial condition and/or results of operation.
−Removed: We estimate that a hypothetical 100-basis point increase or decrease in market interest rates would result in a decrease o f $0.9 million or an increase of $0.9 million, respe ctively, as of March 31, 2023.
+Added: We estimate that a hypothetical 100-basis point increase or decrease in market interest rates would result in a decrease o f $0.4 million or an increase of $0.4 million, respe ctively, as of June 30, 2023.
We do not believe that our cash, cash equivalents and short-term investments have significant risk of default or illiquidity.
While we believe our cash, cash equivalents, and short-term investments do not contain excessive risk, we cannot provide absolute assurance that in the future investments will not be subject to adverse changes in market value.
−Removed: We had accounts receivable, net of $309.6 million and $173.2 million as of March 31, 2023 and December 31, 2022, respectively.
−Removed: Accounts receivable, net represent amounts arising from product sales and amounts due from our collaboration partners.
+Added: We had accounts receivable, net of $299.3 million and $173.2 million as of June 30, 2023 and December 31, 2022, respectively.
+Added: Accounts receivable, net represent amounts arising from product sales and amounts due from our collaboration
We monitor economic conditions to identify facts or circumstances that may indicate receivables are at risk of collection.
10 unchanged sentences
The RMB compared to the U.S.
−Removed: dollar appreciated approximately 0.4% in the three months ended March 31, 2023 and depreciated approximately 8.2% in the year ended December 31, 2022, respectively.
+Added: dollar depreciated approximately 4.9% in the six months ended June 30, 2023 and depreciated approximately 8.2% in the year ended December 31, 2022, respectively.
It is difficult to predict how market forces or PRC or U.S.
11 unchanged sentences
dollar equivalent of our foreign cash balances and trade receivables.
−Removed: Further, volatility in exchange rate fluctuations may have a
−Removed: significant impact on the foreign currency translation adjustments recorded in other comprehensive income (loss).
+Added: Further, volatility in exchange rate fluctuations may have a significant impact on the foreign currency translation adjustments recorded in other comprehensive income (loss).
We have not used derivative financial instruments to hedge exposure to foreign exchange risk.
9 unchanged sentences
Inflation generally affects us by increasing our cost of labor and clinical trial costs.
−Removed: We do not believe that inflation has had a material effect on our results of operations during the three months ended March 31, 2023.
+Added: We do not believe that inflation has had a material effect on our results of operations during the six months ended June 30, 2023.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.