智通财经网·2025-07-30 01:21Core Viewpoint - Citigroup's report indicates that WuXi AppTec (02359) experienced a 21% year-on-year revenue growth to 20.8 billion RMB in the first half of the year, with net profit increasing by 102% to 8.6 billion RMB, aligning with previous earnings guidance [1] Financial Performance - Revenue for the first half reached 20.8 billion RMB, reflecting a 21% increase compared to the same period last year [1] - Net profit surged by 102% to 8.6 billion RMB, with a 26% increase when excluding one-time gains, consistent with prior earnings announcements [1] Guidance and Outlook - Management has raised the full-year revenue guidance from the previous range of 41.5 billion to 43 billion RMB to a new range of 42.5 billion to 43.5 billion RMB [1] - Expected growth in ongoing business is now projected at 13% to 17%, up from the earlier forecast of 10% to 15% [1] - There is confidence in further improving the adjusted net profit margin [1] Valuation - Based on valuation metrics, Citigroup has set a target price of 95 HKD for WuXi AppTec, maintaining a "Buy" rating, with plans for an update following the earnings conference call [1]