FINWIRES · TerminalLIVE
FINWIRES

WuXi AppTec's Attributable Profit Rises Nearly 34% in H1 as Chemistry Segment Revenue Surges

By
WuXi AppTec's Attributable Profit Rises Nearly 34% in H1 as Chemistry Segment Revenue Surges

WuXi AppTec's (HKG:2359) attributable profit jumped 33.7% in the first half as revenue across a majority of its segments grew, according to a Monday disclosure to the Hong Kong Exchange.

The drug research company logged an attributable profit of 11.08 billion yuan in the six months ended June 30, compared with 8.29 billion yuan in the year-ago period. Earnings per share came in at 3.76 yuan, up 30.1% from 2.89 yuan per share a year earlier.

Revenue jumped 38.9% to 28.90 billion yuan, following double-digit growth in three of the company's four operating segments. Supporting the performance with the biggest contribution, WuXi Chemistry saw revenue jump 53.3% to 24.99 billion yuan. Wuxi Testing and Wuxi Biology respectively recorded 31.5% and 11.2% revenue growth in the period. The Others segment's revenue fell 54.9%.

"Driven by greater success of multiple customers' products, our unique CRDMO model, and management and execution excellence, the Company has raised its full-year guidance for 2026," the company said. "By driving quality growth, realizing scale efficiency and enhancing operational excellence, while proactively managing new capacity ramp-up and foreign exchange rate challenges, the Company is confident in maintaining a stable and resilient margin of adjusted on-IFRS net profit attributable to the owners of the Company in 2026."

Specifically, WuXi AppTec revised its outlook upward for 2026, expecting revenue to range between 58.5 billion yuan and 60.5 billion yuan, compared with the previous forecast of 51.3 billion yuan to 53.0 billion yuan. Capital expenditure projections also rose to between 7.5 billion yuan and 8.5 billion yuan from the previous guidance of 6.5 billion yuan to 7.5 billion yuan.

Directors approved a dividend of 5.10 yuan per 10 shares, equivalent to a total payout of 1.51 billion yuan for the half, inclusive of taxes, payable Sept. 4 to shareholders on record as of Aug. 26.

Related Articles

China's Factory Activity Eases to Four-Month Low in July
US Markets

China's Factory Activity Eases to Four-Month Low in July

China's manufacturing sector growth moderated to a four-month low in July, though output and new orders remained firmly in expansionary territory, according to the RatingDog China General Manufacturing PMI released on Monday.The headline seasonally adjusted Purchasing Managers' Index (PMI) slipped to 50.9 from 51.7 in June. Despite the slowdown, the sector extended its current growth streak to match the joint-longest sequence in five years, matching the sequence from November 2023 to June 2024.Growth was supported by stronger overall demand, higher international sales, new business channels, and improved product quality, which pushed new orders higher for the fourteenth consecutive month.The expansion in new work and workloads prompted manufacturers to increase headcounts for the second straight month.However, producers trimmed their input purchasing for the first time since November 2025, pointing to an ongoing accumulation of previously ordered stock.Input cost pressures moderated, allowing output prices to remain broadly unchanged. Bolstered by strong demand, enhanced efficiency, and upcoming product launches, business sentiment remained optimistic regarding output levels over the coming year."Sustained new order growth and further easing of cost pressures provided support, while the return of new export orders to expansion was a positive signal," Yao Yu said. "However, the reduction in purchasing activity and ongoing accumulation of input stocks warrant attention."

Shanghai Composite^SZSE
Japan's Manufacturing Expansion Eases in July Despite Strong AI-Led Demand
US Markets

Japan's Manufacturing Expansion Eases in July Despite Strong AI-Led Demand

Japan's manufacturing sector continued to expand, albeit at a softer pace in July, with strong demand for semiconductors and artificial intelligence-related products driving the fastest growth in new orders, according to final data from S&P Global released on Monday.The final S&P Global Japan Manufacturing Purchasing Managers' Index (PMI) came in at 54.5 in July, missing the flash estimate of 54.7 and compared with the 54.8 recorded in the previous month.The reading remained well above the 50-point threshold that separates expansion from contraction, marking the seventh consecutive month of improving business conditions.Manufacturing output rose at its fastest pace since February 2014 as companies responded to stronger demand.Total new orders increased at the quickest rate since January 2022, while export orders posted their strongest growth in just over five years, driven by demand from Asia and the United States."Companies often commented that the improvement coincided with greater global demand across the key semiconductors industry, while some firms commented on growth in AI-related areas of manufacturing," Annabel Fiddes, economics associate director at S&P Global Market Intelligence, said.Manufacturers also increased hiring and purchasing activity, although backlogs of work grew at the fastest pace since February 2014, pointing to mounting capacity pressures.Firms continued to report supply-chain disruptions linked to the conflict in the Middle East, prompting stock-building and longer supplier lead times.Input cost inflation remained sharp, reflecting higher oil and raw material prices, although the pace eased to its slowest since March. Selling prices also rose substantially during the month.Business confidence improved to a four-month high, with manufacturers expecting stronger demand over the coming year, particularly from the semiconductor industry.

Nikkei 225
China's EV Manufacturers Report Strong July Sales, Led by Leapmotor's 102% Surge
US Markets

China's EV Manufacturers Report Strong July Sales, Led by Leapmotor's 102% Surge

Most Chinese electric-vehicle manufacturers reported higher deliveries in July versus a year earlier, led by Zhejiang Leapmotor Technology (HKG:9863), which saw its sales double from a year earlier.Stellantis-backed Leapmotor delivered 101,267 vehicles globally in July, up 102% year over year, exceeding the 100,000-unit mark in a single month for the first time.Deliveries in the first seven months of the year totaled 457,754 units, up 68.4% and achieving about 46% of its full-year target of 1 million.BYD (HKG:1211, SHE:002594) sold 419,211 new energy vehicles in July, up 21.8% from 344,296 a year earlier, according to a Hong Kong bourse filing on Sunday. The company exported 180,538 NEV units during the month.XPeng (HKG:9868) delivered 38,027 vehicles globally in July, up 4% year over year, the company said in a press release on Saturday. Cumulative deliveries surpassed 1.2 million units as of July 31.Li Auto (HKG:2015) sold 30,468 vehicles in July, with cumulative deliveries reaching 1.8 million as of July 31, the company said in a bourse filing on Sunday. While the company did not mention year-over-year growth, data from July 2025 shows that latest deliveries rose 0.86% from the 30,731 vehicles sold last year.NIO (HKG:9866, SGX:NIO) delivered 35,934 vehicles in July, up 71% from a year earlier. The sales consisted of 20,008 vehicles from its namesake NIO brand, 10,155 vehicles from its ONVO brand, and 5,771 units from its FIREFLY brand. Cumulative deliveries reached 1.2 million units.Geely Automobile (HKG:0175) sold 250,161 vehicles in July, up 5% from a year earlier. Exports surged 202% to 106,663 units from 35,272 units.The company's Zeekr brand saw sales jump 111% to 35,837 units from 16,977 units last year. Lynk & Co deliveries, however, plunged 40% to 16,382 units.However, overall NEV sales at home are expected to have fallen to 980,000 units in July from the previous month amid a seasonal slowdown, CnEVPost reported, citing data from the China Passenger Car Association.July is a traditionally slow season for auto sales in China as high temperatures and heavy rain and flooding in some regions affect showroom traffic and deliveries, according to CnEVPost.

HKG:0175HKG:1211HKG:2015HKG:9863HKG:9866HKG:9868SGX:NIOSHE:002594