维亚生物(01873)尾盘涨超18%，截至发稿，涨18.09%，报2.35港元，成交额6470.58万港元。 浙商证券（601878）此前指，展望来看，随着CRO端的AI应用项目占比持续提升以及CDMO重大商业 化项目的陆续落地，该行看好公司高盈利能力的趋势持续。国盛证券（002670）认为，整体来看，公司 通过CRO与CDMO的协同发展、AI驱动研发提效及投资孵化生态构建，有望持续受益于全球创新药产 业景气度提升，推动业绩稳健增长与长期价值释放。 消息面上，维亚生物公众号近日披露，1月13日，公司在第44届J.P.Morgan Healthcare Conference期间成 功举办Viva Biotech Innovation Forum2026。研讨会围绕人工智能与新药物类型的前沿进展展开了深入讨 论。其中，维亚生物就AI赋能多肽药物研发全流程实验设计以及AI赋能多肽CRDMO平台展开分享，集 中体现了人工智能如何在研发与产业化关键环节的加速落地，成为本次会议的重要看点。 ...

智通财经APP获悉，里昂发布研报称，自1月20日以来，药明生物(02269)股价表现好过内地CRO同业及 整体医疗保健板块。该行认为公司具有相对韧性，原因包括更为多元化的股东结构有助缓冲地缘政治风 险冲击; 2026年前增长加速的能见度提升，潜在表现可能超越当前预期; 随着同业2025年第四季营业利 润未达预期，资金回流至药明生物。在内地CRO/CDMO领域，药明生物仍是该行首选股，估值与全球 同业相比存在折让。目标价48.5元，评级跑赢大市。 ...

里昂发布研报称，自1月20日以来，药明生物(02269)股价表现好过内地CRO同业及整体医疗保健板块。 该行认为公司具有相对韧性，原因包括更为多元化的股东结构有助缓冲地缘政治风险冲击;2026年前增 长加速的能见度提升，潜在表现可能超越当前预期;随着同业2025年第四季营业利润未达预期，资金回 流至药明生物。在内地CRO/CDMO领域，药明生物仍是该行首选股，估值与全球同业相比存在折让。 目标价48.5元，评级跑赢大市。 ...

里昂发表报告指，自1月20日以来，药明生物股价表现好过内地CRO同业及整体医疗保健板块。该行认 为公司具有相对韧性，原因包括更为多元化的股东结构有助缓冲地缘政治风险冲击；2026年增长加速的 能见度提升，潜在表现可能超越当前预期；随着同业2025年第四季营业利润未达预期，资金回流至药明 生物。在内地CRO/CDMO领域，药明生物仍是该行首选股，估值与全球同业相比存在折让。该行予其 目标价48.5港元，评级"跑赢大市"。 ...

Group 1 - The core viewpoint of the articles highlights Ruizhi Pharmaceutical's active advancements in the field of small nucleic acid drug research and production, driven by technological innovation and strategic partnerships to enhance its full-chain service capabilities from laboratory to industrialization [1][2] Group 2 - Ruizhi Pharmaceutical, in collaboration with East China Normal University, launched a drug manufacturing system suitable for ADC and nucleotide monomer synthesis, significantly reducing ADC drug process development time by 70% and lowering nucleotide monomer synthesis costs by over 40% [1] - The company has developed hundreds of modified nucleotides, phosphoramidite monomers, and new linkers, leveraging its capabilities in chemical synthesis and early-stage process development [1] - The company is focusing on delivery system efficiency, which is crucial for the successful commercialization of small nucleic acid drugs, by adopting a phased strategy in collaboration with partners like Haiyou Biotechnology [1] - Ruizhi Pharmaceutical is innovatively integrating Corporate Venture Capital (CVC) and AI-driven scientific research (AI4S) into its strategic layout to enhance project selection and build a technological ecosystem [2] - The chairman of Ruizhi Pharmaceutical emphasized that the computational medicine platform of Zheyuan Technology complements CRO services, aiming to unlock the full potential of the industry by identifying effective research directions [2] - The company aims to build differentiated competitive advantages in small nucleic acid drug research through cost reduction and efficiency improvements, breakthroughs in delivery technology, and expanded applications via full-cycle collaborations [2]

Group 1 - The core view is that for the Chinese healthcare sector, profit delivery will be more important than valuation expansion by 2026, with WuXi AppTec (02359) expected to outperform its peers [1] - WuXi AppTec is identified as the top choice in the Chinese CRO/CDMO industry, with a maintained "outperform" rating and a target price of HKD 143.4 [1] - The company anticipates a revenue growth of 9% in Q4 2025, with a Non-IFRS year-on-year growth of 36%, exceeding market consensus by 2% and 3% respectively [1] Group 2 - WuXi AppTec's strong order reserve growth of 41% year-on-year for the first three quarters of 2025 is significantly higher than the global average of approximately 14% [1] - The company is expected to maintain a high return on equity (ROE) of 24% in 2025, which is substantially above the global peer range of 6% to 16% [2] - The firm is confident that WuXi AppTec's adjusted Non-IFRS net profit will achieve high double-digit growth in 2026, outperforming market expectations by about 15% [2]

Core Viewpoint - The report from Citi indicates that WuXi AppTec is expected to see a 9% revenue growth in Q4 2025 and a 36% increase in adjusted net profit, surpassing market expectations by 2% and 3% respectively, driven by its strong integrated CRDMO model and robust growth in the WuXi TIDES business, along with China's competitive advantage in the global small molecule supply chain [1] Group 1 - The strong performance of WuXi AppTec is attributed to its comprehensive CRDMO model and the significant growth of its WuXi TIDES business [1] - The company is expected to outperform the market, with adjusted net profit growth projected to be in the high double digits (approximately 16% to 19%) for 2026, exceeding the market expectation of 15% [1] - Citi maintains its forecasts for 2025 to 2027 and has set a target price of HKD 143.4 for WuXi AppTec, rating it as "outperform" in the Chinese CRO/CDMO sector [1]

Core Viewpoint - The report from Citi highlights that WuXi AppTec (603259)(02359) is expected to see a 9% revenue growth in Q4 2025 and a 36% increase in adjusted net profit, surpassing market expectations by 2% and 3% respectively, driven by its strong integrated CRDMO model and robust growth in the WuXi TIDES business, along with China's competitive advantage in the global small molecule supply chain [1] Group 1 - WuXi AppTec is identified as the preferred stock in the Chinese CRO/CDMO sector with a target price of HKD 143.4 and an "outperform" rating [1] - The outlook for 2026 suggests that profitability will be more important than valuation expansion for the Chinese healthcare industry, with WuXi AppTec expected to outperform the market [1] - The firm maintains its profit forecasts for 2025 to 2027, anticipating a high double-digit growth (approximately 16% to 19%) in adjusted net profit for WuXi AppTec in 2026, exceeding the market expectation of 15% [1]

Core Viewpoint - The report from Credit Lyonnais indicates that WuXi AppTec (02359) is expected to achieve a 9% revenue growth and a 36% increase in adjusted net profit for Q4 2025, surpassing market expectations by 2% and 3% respectively, driven by its strong CRDMO model and robust growth in WuXi TIDES business [1] Group 1: Financial Performance - WuXi AppTec's revenue for Q4 2025 is projected to grow by 9% [1] - Adjusted net profit for the same period is expected to increase by 36%, exceeding market expectations [1] - The company is anticipated to maintain a high double-digit growth in adjusted net profit for 2026, estimated between 16% to 19%, which is above the market expectation of 15% [1] Group 2: Market Position and Outlook - Credit Lyonnais has designated WuXi AppTec as the preferred stock in the Chinese CRO/CDMO sector, with a target price of HKD 143.4 and an "outperform" rating [1] - The report suggests that profitability will be more important than valuation expansion for the Chinese healthcare industry in 2026, with WuXi AppTec expected to outperform the market [1]

Core Viewpoint - The report from Citi Research indicates that WuXi AppTec (02359.HK) is expected to achieve a 9% revenue growth and a 36% increase in adjusted net profit for Q4 2025, surpassing market expectations by 2% and 3% respectively, driven by its strong integrated CRDMO model and robust growth in its WuXi TIDES business, along with China's competitive advantage in the global small molecule supply chain [1] Group 1 - The strong performance of WuXi AppTec is attributed to its comprehensive CRDMO model and the significant growth of its WuXi TIDES business [1] - The company is expected to outperform the market, with adjusted net profit growth projected to be in the high double digits (approximately 16% to 19%) for 2026, exceeding the market expectation of 15% [1] - Citi Research maintains its forecasts for 2025 to 2027 and has set a target price of HKD 143.4 for WuXi AppTec, designating it as a preferred stock in the Chinese CRO/CDMO sector [1]