30 July 2025 | 12:07AM HKT WuXi AppTec Co. (2359.HK): Earnings review: Raised FY25 guidance to +13-17% y/y for continuing operation, with TIDES to grow by 80% y/y We see the 2Q25 results as a strong delivery (see our note on profit alert), 2Q25 sales of Rmb11.1bn (+20.4% y/y) primarily driven by faster-than-expected capacity validation, utilization ramp-up, and strong operational execution, where management noted no significant changes in client behavior related to front-loading ahead of tariff risks - cons ...