news flash·2025-07-29 04:04Core Viewpoint - Credit Lyonnais has raised the target price for WuXi AppTec (02359.HK) to HKD 113.7, citing strong performance in Q2 2025 with revenue and adjusted net profit growth of 20% and 48% year-on-year respectively, aligning with the earnings forecast released on July 10, 2025 [1] Group 1: Financial Performance - WuXi AppTec's Q2 2025 revenue and adjusted net profit increased by 20% and 48% year-on-year, respectively [1] - The company has revised its revenue growth guidance for ongoing operations in 2025 from 10%-15% to 13%-17% [1] - Free cash flow guidance has been adjusted from RMB 4 billion to 5 billion to RMB 5 billion to 6 billion [1] Group 2: Future Outlook - The updated revenue guidance is considered not aggressive given the strong performance in the first half of the year [1] - The adjusted net profit margin for 2025 is expected to improve compared to 2024 [1] - Credit Lyonnais has raised its full-year revenue and net profit forecasts for WuXi AppTec for 2025 to 2027 by 3%-4% and 13%-17%, respectively, reflecting the latest guidance [1] Group 3: Investment Rating - The target price for WuXi AppTec's H-shares has been increased from HKD 92.40 to HKD 113.70 [1] - Credit Lyonnais maintains an "outperform" investment rating for the company [1]