Movement Alert|ASYMCHEM Rises 3.64% in Regular Trading, CRO Sector Continues Rally on Strong Order Growth and Industry Upgrade Cycle

Market Focus09-18

On September 18, ASYMCHEM rose 3.64% in regular trading, trading at 166.0 HKD/share, with turnover of 11.28 million HKD, extending a multi-day rally in the CRO sector.

On the news front, Goldman Sachs recently published a report affirming its bullish outlook on the recovery trajectory of China's CRO/CDMO industry, with the broader CXO sector posting first-half revenue growth exceeding 25% and adjusted net profit growth surpassing 66%, confirming the industry's upward cycle. Additionally, AI-driven drug discovery has entered clinical validation stages, with early commercialization momentum further boosting sector sentiment.

At the company level, ASYMCHEM reported first-half revenue of 3.607 billion yuan, up 13.13% year-over-year, with in-hand orders surging 54% and new orders growing 55%. Emerging business revenue jumped 72.49%, with gross margin improving to 32.5%. Management maintained full-year revenue growth guidance of 19%-22%, with approximately 85% of in-hand orders expected to convert to revenue in the second half through next year. Kaiyuan Securities assigned a Buy rating, projecting earnings per share of 4.18/5.15/6.41 yuan for the next three fiscal years.

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