Pharmaron Shares Surge Over 3% as Nine-Month Net Profit Rises 9.3%; Lab Services Growth Outlook Remains Highly Certain

Stock News10-30 14:10

Pharmaron (03759) shares rose more than 3%, reaching HK$27.96 as of press time, up 3.86%, with a turnover of HK$159 million.

On the news front, Pharmaron recently disclosed its third-quarter results. Huaxi Securities noted that Pharmaron's third-quarter performance slightly exceeded expectations. The company achieved operating revenue of RMB 12.00 billion for the first three quarters of 2026, up 19.0% year-on-year; net profit attributable to shareholders of RMB 1.247 billion, up 9.3% year-on-year; non-GAAP net profit of RMB 1.181 billion, up 14.2% year-on-year; and adjusted non-IFRS net profit attributable to shareholders of RMB 1.496 billion, up 21.97% year-on-year.

The brokerage further noted that Pharmaron's laboratory services segment generated revenue of RMB 2.59 billion in the third quarter of 2026, up 17.5% year-on-year, continuing its trend of marginal improvement. Given that new orders signed in the first three quarters of 2026 grew by more than 25%, the future earnings growth of the company's laboratory services business is highly certain.

The CDMO business generated revenue of RMB 1.22 billion in the third quarter of 2026, up 30.1% year-on-year. With the continued advancement of the company's small-molecule CDMO pipeline, Pharmaron expects demand for late-clinical and commercial-stage projects to maintain strong growth. Considering that new orders signed for the CDMO business grew by more than 40%, the company's performance is expected to continue its high-speed growth trajectory in the coming years.

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