On August 4, WUXI APPTEC rose 11.66% in regular trading, trading at HKD 181.9/share, with turnover of HKD 430 million.
On the news front, the company released its interim results on August 3, reporting H1 revenue of RMB 28.90 billion, up 38.9% year-over-year, with net profit attributable to shareholders reaching RMB 11.08 billion, up 29.4%. Adjusted Non-IFRS net profit surged 83.2% to RMB 11.57 billion, marking the first time half-year profit exceeded RMB 10 billion. Orders on hand for continuing operations reached RMB 66.43 billion, up 25.2%.
More notably, the company simultaneously raised full-year guidance substantially, lifting overall revenue targets from RMB 51.3-53.0 billion to RMB 58.5-60.5 billion, with continuing operations revenue growth revised upward from 18%-22% to 35%-39%. Adjusted free cash flow guidance was also raised from RMB 10.5-11.5 billion to RMB 13.5-14.5 billion. The chemical business segment delivered revenue of RMB 24.99 billion, up 53.3%, with gross margin at 56.6%. The company also announced a mid-year dividend of RMB 0.51 per share and a new employee stock ownership plan capped at RMB 1.0 billion.
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