Two STAR Market CRO Companies Return to Profit in First Half

Earnings
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Summary · why it matters

Two biopharmaceutical CRO companies on the STAR Market, Medicilon and Innostar, have released their 2026 half-year reports, both swinging to profitability. Medicilon reported first-half revenue of 761 million yuan, up 40.91 percent year on year, with net profit attributable to shareholders of 51.6 million yuan, compared with a loss of 12.9 million yuan in the same period last year. Innostar reported first-half revenue of 465 million yuan, up 23.92 percent year on year, with net profit attributable to shareholders of 39.17 million yuan, compared with a loss of 15.19 million yuan a year earlier. Both companies said the improvement was driven by a recovery in global innovative drug R&D demand, ample order backlogs, and higher capacity utilization. CRO leader WuXi AppTec previously disclosed in its half-year report that first-half revenue reached 28.9 billion yuan, up 38.93 percent year on year, with net profit attributable to shareholders of 11.08 billion yuan, up 29.43 percent, and raised its full-year revenue guidance to between 58.5 billion and 60.5 billion yuan.

Impact on stocks 3

Others▲ · 3 stocks
Shanghai Medicilon Inc
688202
▲ PositiveDemandrelevance

Medicilon swung to profit on revenue growth driven by recovery in global innovative drug R&D demand and ample order backlogs.

INNOSTAR ORD A (SHH) EQSW Exp:
688710
▲ PositiveDemandrelevance

Innostar swung to profit on revenue growth driven by recovery in global innovative drug R&D demand and ample order backlogs.

WuXi AppTec Co Ltd
603259
▲ PositiveDemandrelevance

Article notes WuXi AppTec's strong half-year results and raised guidance, reflecting recovery in global innovative drug R&D demand.

Theme Impact 1

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