WuXi AppTec's first-half 2026 results significantly beat market expectations, innovative drug stocks rally

Earnings Impact 4
โดย 中国基金报·CN·Read original
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WuXi AppTec's first-half 2026 results significantly beat market expectations, sparking a broad rally in innovative drug concept stocks. Huaxi Securities noted that the company achieved adjusted profit of 11.57 billion yuan in the first half, up 83.2 percent year-on-year. Second-quarter revenue reached 16.46 billion yuan, with continuing operations growing 55.2 percent year-on-year. Adjusted profit was 6.97 billion yuan, up 92 percent, and net margin hit 42.4 percent. The company has fully raised its full-year revenue guidance. As of the end of June, backlog for continuing operations grew 23.6 percent year-on-year. The D&M pipeline added 699 new molecules in the first half, including 155 conversions from R to D, up 70 percent year-on-year. The full-year growth forecast for the TIDES business has been raised to around 45 percent. On the market, Baihua Pharmaceutical hit its fifth consecutive daily limit up, Harbin Pharmaceutical Group and Harbin Sanlian both reached their second straight daily limit up, Biocytogen and Pharmaron rose by the 20 percent daily limit, while WuXi AppTec and HitGen also advanced.

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WuXi AppTec Co Ltd
603259
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First-half 2026 results significantly beat expectations with strong profit growth and raised guidance.

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