Sou Hu Cai Jing·2025-07-31 14:22Core Viewpoint - WuXi AppTec reported strong financial performance in the first half of the year, with significant revenue and profit growth, driven by robust demand in its core business segments and strategic operational improvements [3][4][5]. Financial Performance - The company achieved operating revenue of 20.799 billion yuan, a year-on-year increase of 20.64% [3]. - Net profit attributable to shareholders reached 8.561 billion yuan, up 101.92% year-on-year [3]. - The net profit excluding non-recurring items was 5.582 billion yuan, reflecting a growth of 26.47% [3]. Quarterly Highlights - In Q2, WuXi AppTec's revenue surpassed 11.145 billion yuan for the first time, marking a historical milestone [4]. - The net profit for Q2 was 4.889 billion yuan, also a record for the same period [4]. - The company anticipates continued strong performance in Q3 and Q4, with quarterly revenues expected to remain above 10 billion yuan [4]. Business Segments - The chemical business remains the cornerstone of WuXi AppTec's revenue, accounting for nearly 80% of total income, with revenue of 16.301 billion yuan, a year-on-year increase of 33.51% [5]. - The small molecule process development and manufacturing (D&M) segment generated 8.68 billion yuan, growing 17.5% year-on-year [5]. Order Backlog - As of June 30, 2025, the company had a backlog of orders amounting to 56.69 billion yuan, a 37.2% increase year-on-year [5]. Profit Growth Drivers - Profit growth was attributed to a focus on the CRDMO business model, operational efficiency improvements, and increased capacity from late-stage clinical and commercialization projects [6]. - The sale of shares in WuXi XDC Cayman Inc. contributed significantly to profit, with investment income reaching 3.669 billion yuan, a 163-fold increase year-on-year [8]. Cash Flow and Dividends - The net cash flow from operating activities was 7.431 billion yuan, up 49.63% year-on-year [8]. - The board approved the company's first interim dividend, proposing a cash dividend of 3.5 yuan per 10 shares, totaling approximately 1 billion yuan [10]. - The company has completed cash dividends totaling 3.84 billion yuan in the first half of the year and is executing a share buyback plan valued at 1 billion yuan [12].