Summary by Moomoo AI
Wuxi Apptec announced in its mid-2024 report that the company achieved a revenue of RMB 1,724.09 million, a year-on-year decrease of 8.6%; realized a net profit attributable to the parent company of RMB 423.98 million, a year-on-year decrease of 20.2%. The company provides integrated, end-to-end new drug research and production services to the global pharmaceutical and life sciences industry, with operational bases in Asia, Europe, and North America. In the first half of 2024, the company added more than 500 new customers, and the global demand for the company's services continues to grow. As of the end of June 2024, the company's backlog of orders amounted to RMB 43.1 billion, a year-on-year increase of 33.2% excluding the COVID-19 commercialization project. During the reporting period, the company continued to invest in its capabilities and scale, and it is expected that the revenue in 2024 will reach RMB 38.3-40.5 billion, with positive growth excluding the COVID-19 commercialization project.
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