WuXi AppTec sees H1 2025 net profit surge 95.5% to RMB8.29 bn

WuXi AppTec reported a substantial 95.5% year-on-year (YoY) increase in net profit attributable to owners of the company, reaching RMB8,287.3 million for the six months ended June 30, 2025. Revenue for the period grew 20.6% YoY to RMB20,799.3 million, with continuing operations contributing RMB20,405.1 million. Gross profit rose 36.0% to RMB9,112.2 million, improving the gross profit margin to 43.8%.

The WuXi Chemistry segment was a key driver, with revenue up 33.5% YoY to RMB16.30 billion, and gross profit increasing by 5.4 percentage points. The company's backlog for continuing operations expanded 37.2% YoY to RMB56.69 billion as of June 30, 2025. Net cash generated from operating activities increased by 49.1% to RMB7,066.5 million, reflecting robust profit growth and improved working capital management.

Total assets grew by 4.4% to RMB83,823.8 million, while bank balances and cash surged 30.5% to RMB17,535.5 million. The gearing ratio, calculated as total liabilities over total assets, was 27.9%. The company expects continuing operations revenue to grow 13–17% for the full year 2025, with total revenue between RMB42.5–43.5 billion.