Asymchem (06821) surged over 3%, reaching HK$85.8 by the time of writing, with a trading volume of HK$13.68 million. The company recently announced its financial results for the first three quarters of 2025, reporting revenue of RMB4.63 billion, up 11.82% year-on-year, and net profit attributable to shareholders of RMB800 million, a 12.66% increase YoY. Basic earnings per share stood at RMB2.18.
The company noted that based on its order backlog for the second half of the year, Q4 deliveries are expected to significantly surpass Q3 levels, projecting full-year revenue growth of 13%-15%. Guosen Securities highlighted that while Asymchem's core small-molecule CDMO business saw flat YoY revenue growth in Q1-Q3 2025 with a gross margin of 47.0% (down 1.9 percentage points), its emerging businesses demonstrated robust expansion.
Emerging business revenue jumped 71.9% YoY, with gross margin improving by 10.6 percentage points to 30.6%. Notably, chemical macromolecule business revenue more than doubled. The company continues to expand its market presence in peptide, oligonucleotide, and ADC sectors, securing double-digit growth in new orders. Coupled with capacity expansion, these emerging businesses are positioned to become the primary growth engine.
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