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<Research>JPM Says WUXI APPTEC (02359.HK) 1Q Results Beat, Expects Firm to Meet Full-yr Guidance
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WUXI APPTEC (02359.HK)'s 1Q25 revenue rose 21% YoY, beating estimation, mainly due to strong growth in its TIDES business, according to JPMorgan's research report. Non-GAAP adjusted net profit increased 40% YoY to RMB2.7 billion, reflecting the Company's effective cost management. The Company maintained its 2025 guidance, which the broker believed is highly achievable based on the strong 1Q25 performance, even with the uncertainty caused by US tariffs. Therefore, JPMorgan rated WUXI APPTEC's H-shares at Overweight, with a target price of $89. AAStocks Financial News |
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