WuXi AppTec Co LtdBlowout H1 results and raised full-year guidance

On August 4, the healthcare services sector was active, with WuXi AppTec, Berry Genomics, Baihua Pharmaceutical, Asymchem, and Chuangxin Medical hitting their daily limit up, while Porton Pharma Solutions, Pharmaron, and others also rose. On the news front, WuXi AppTec released its 2026 semi-annual report on the evening of August 3. First-half revenue reached 28.897 billion yuan, up 38.93 percent year on year, and net profit attributable to shareholders of the listed company was 11.08 billion yuan, up 29.43 percent. Second-quarter revenue hit a record high of 16.462 billion yuan. The company also disclosed an interim dividend plan, proposing a cash dividend of 5.1 yuan per 10 shares, totaling 1.506 billion yuan. WuXi AppTec raised its full-year 2026 guidance across the board, lifting its expected total revenue from a range of 51.3 billion to 53 billion yuan to a range of 58.5 billion to 60.5 billion yuan, and raising its continuing operations revenue growth forecast from 18 to 22 percent to 35 to 39 percent. Fu Yifu, a special researcher at Suning Bank, said WuXi AppTec's better-than-expected semi-annual report injected a shot of confidence into the healthcare services sector and revived valuation sentiment. Jiang Han, a senior researcher at Pangu Think Tank, noted that the company's unique CRDMO business model continues to gain momentum, with more late-stage clinical and commercial projects, and warming investment and financing in innovative drugs driving a synchronized uptick in CXO demand. As of the midday close, WuXi AppTec shares were at 141.35 yuan, giving it an A-share market capitalization of 421.8 billion yuan.
WuXi AppTec Co LtdBlowout H1 results and raised full-year guidance
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