WuXi AppTec announced its first-quarter performance, with a net profit attributable to the parent company of approximately 3.672 billion yuan, a year-on-year increase of 89.06%
WuXi AppTec announced its Q1 2025 performance, with operating revenue of approximately 9.655 billion yuan, a year-on-year increase of 20.96%; net profit attributable to the parent company of approximately 3.672 billion yuan, a year-on-year increase of 89.06%; and basic earnings per share of 1.29 yuan. The growth in net profit is mainly attributed to optimized production processes, improved operational efficiency, and investment income. The company has a backlog of orders amounting to 52.33 billion yuan, a year-on-year increase of 47.1%
According to the Zhitong Finance APP, WuXi AppTec (02359) announced its performance for the first quarter of 2025, with operating revenue of approximately RMB 9.655 billion, a year-on-year increase of 20.96%; net profit attributable to shareholders of the listed company was approximately RMB 3.672 billion, a year-on-year increase of 89.06%; basic earnings per share were RMB 1.29.
The announcement stated that the increase in net profit was mainly due to the company's continuous optimization of production processes and operational efficiency while maintaining revenue growth, as well as the increased capacity efficiency brought about by the growth of late-stage clinical and commercialization projects, which improved overall profitability. Additionally, the company's sale of part of its equity in WuXi AppTec's subsidiary and the investment income from the disposal of certain businesses further enhanced the company's net profit.
As of the end of March 2025, the company's ongoing business had an order backlog of RMB 52.33 billion, a year-on-year increase of 47.1%. During the reporting period, revenue from U.S. clients was RMB 6.38 billion, a year-on-year increase of 28.4%; revenue from European clients was RMB 1.3 billion, a year-on-year increase of 26.2%; revenue from Chinese clients was RMB 1.53 billion, a year-on-year decrease of 1.3%; and revenue from clients in other regions was RMB 450 million, a year-on-year increase of 3.0%
