药明康德-2026 财年收入指引基本符合预期，聚焦订单质量、汇率影响及利润率

23 March 2026 | 9:56PM HKT Equity Research WuXi AppTec Co. (2359.HK): First take: FY26 revenue guidance largely as expected, focus on backlog quality, FX impact and margin n FY26 revenue guidance largely in line: Mgmt guided FY26 total revenue of Rmb51.3–53.0bn, +12.9% to +16.6% y/y, with +18–22% y/y growth for continuing operations (vs +21.4% in FY25). It was largely in line with the preliminary guidance provided in January (see our note). Investors are likely to focus on the embedded FX assumption for USD ...