On September 17, ASYMCHEM rose 5.71% in regular trading, trading at 175.9 HKD/share, with turnover of approximately 51.88 million HKD, extending a multi-day rally in the CRO sector.
On the news front, Goldman Sachs recently issued a report expressing a bullish stance on the recovery trajectory of China's CRO/CDMO industry, noting that the CXO sector collectively delivered first-half revenue growth exceeding 25% and adjusted net profit growth surpassing 66%, confirming the onset of an industry upcycle. Zhongyou Securities also recommended attention to the CXO sector, citing strong earnings visibility and attractive valuations.
At the company level, ASYMCHEM reported first-half revenue of RMB 3.607 billion, up 13.13% year-over-year, with order backlog surging 54% and new order signings increasing 55%. Emerging business revenue jumped 72.49% year-over-year. Management maintained full-year revenue growth guidance of 19%-22%, with approximately 85% of the current order backlog expected to convert into revenue in the second half through next year, supporting an acceleration in growth momentum.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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