Summary by Moomoo AI
Wuxi Bio released its performance for the first half of 2024, with a slight increase in revenue of 1.0% to RMB 8,574.2 million, and a decrease in gross margin of 2.8 percentage points to 39.1%. Net profit also saw a significant decline of 23.9% to RMB 1,780.3 million. The attributable net profit of the company's owners also decreased by 33.9% to RMB 1,499.1 million. Despite the challenges, Wuxi Bio maintained steady business development, with a significant increase in the number of projects, reaching a total of 742. The board of directors decided not to distribute interim dividends. Looking ahead, Wuxi Bio will continue to invest in enhancing its capabilities and scale to support sustained growth.