WuXi AppTec’s Net Profit Down 20% YoY in H1, Full-Year Revenue Expected to be Between 38.3 Billion and 40.5 Billion Yuan, Maintaining Positive Growth
In Q2, $WUXI APPTEC(02359.HK$ ’s revenue was 9.261 billion yuan, up 16% quarter-over-quarter but down 6.5% year-over-year.
Adjusted non-IFRS net profit for Q2 was 2.46 billion yuan, up 28.5% quarter-over-quarter but down 10.6% year-over-year.
Revenue from U.S. clients was 10.71 billion yuan, down 1.2% year-over-year excluding specific commercial production projects.
Revenue from European clients was 2.22 billion yuan, up 5.3% year-over-year.
Revenue from Chinese clients was 3.4 billion yuan, up 2.8% year-over-year.
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