WuXi AppTec's 2024 results show revenue dip, dividend planned

WuXi AppTec Co., Ltd. (HKEX: 2359) announced its annual results for the year ended December 31, 2024, reporting a 2.7% year-over-year decrease in revenue to RMB 39.24 billion. Net profit attributable to owners of the company fell by 12.5% to RMB 9.35 billion. Despite the revenue slip, the board proposed a cash dividend of RMB 9.8169 per 10 shares and a special dividend distribution of RMB 3.5000 per 10 shares, subject to shareholder approval at the forthcoming AGM.