Ge Long Hui·2025-10-28 06:19Core Viewpoint - Goldman Sachs expects a positive market reaction to WuXi AppTec's strong performance and new order momentum [1] Financial Performance - WuXi AppTec reported third-quarter revenue of 12.1 billion yuan, representing a year-on-year growth of 15.3%, or 19.7% when calculated based on continuing operations [1] - The TIDES business experienced a significant year-on-year growth of 91%, currently accounting for 23% of total revenue [1] Guidance and Projections - The company raised its full-year revenue guidance for 2025 to 43.5 to 44 billion yuan, up from the previous guidance of 42.5 to 43.5 billion yuan [1] - The revenue growth guidance for continuing operations was also increased to a year-on-year growth of 17% to 18%, up from the previous range of 13% to 17% [1] - The company anticipates an improvement in adjusted net profit margin based on non-IFRS measures [1] Target Price - Goldman Sachs set a 12-month target price for WuXi AppTec's H-shares at 109.6 HKD, based on a forward price-to-earnings ratio of 18 times [1] - The target price for A-shares is set at 105.6 yuan [1]