Zhi Tong Cai Jing·2025-10-28 07:27Core Viewpoint - Daiwa's report indicates that WuXi AppTec (603259)(02359) achieved a 15% year-on-year revenue increase in Q3, reaching 12.1 billion RMB, and a 53% year-on-year net profit increase to 3.5 billion RMB, exceeding market expectations by 5% and 15% respectively [1] Financial Performance - Q3 revenue increased by 15% year-on-year to 12.1 billion RMB [1] - Q3 net profit increased by 53% year-on-year to 3.5 billion RMB [1] - Chemical business revenue grew by 23% year-on-year [1] - Gross margin improved by 7.8 percentage points year-on-year [1] Guidance and Target Adjustments - The company raised its full-year revenue guidance for continuing operations from a growth of 13-17% to a growth of 17-18% [1] - The total revenue target for the year was adjusted from 42.5-43.5 billion RMB to 43.5-44 billion RMB [1] Analyst Rating and Price Target - Daiwa maintains a "Buy" rating for the company [1] - The target price was increased from 134 HKD to 138 HKD based on the revised gross margin forecast [1]