-- Q3 Total Revenue: RMB12.06 Billion, Up 15.3% YoY;
-- Revenue from Continuing Operations[1]Reached RMB12.04 Billion, Up
19.7% YoY
-- Q1-Q3 Total Revenue: RMB32.86 Billion, Up 18.6% YoY;
-- Revenue from Continuing Operations Reached RMB32.45 Billion, Up
22.5% YoY
-- Q1-Q3 Net Profit Attributable to Owners of the Company Reached RMB12.08
Billion[2], Up 84.8% YoY;
-- Diluted Earnings per Share (EPS) of RMB4.21[3], Up 87.9% YoY
-- Q1-Q3 Adjusted Non-IFRS Net Profit Attributable to the Owners of the
Company Reached RMB10.54 Billion, Up 43.4% YoY;
-- Adjusted Non-IFRS Diluted EPS of RMB3.68, Up 46.0% YoY
-- Backlog for Continuing Operations Reached RMB59.88 billion as of
September 30, 2025, Up 41.2% YoY
-- Q1-Q3 Operating Cash Flow Achieved RMB10.87 Billion, Up 35.0% YoY
SHANGHAI, Oct. 26, 2025 /PRNewswire/ -- WuXi AppTec (stock code: 603259.SH / 2359.HK), a global company that provides a broad portfolio of R&D and manufacturing services to enable companies in the pharmaceutical and life sciences industry, today announced financial results for the first three quarters ending September 30, 2025 ("Reporting Period"):
-- For the first three quarters of 2025, total revenue reached RMB32.86
billion, up 18.6% year-over-year. Revenue from Continuing Operations
reached RMB32.45 billion, up 22.5% year-over-year.
-- Adjusted non-IFRS gross profit reached RMB15.46 billion, with the
adjusted non-IFRS gross profit margin up 6.1pts year-over-year to 47.0%.
-- Net profit attributable to the owners of the Company was RMB12.08 billion,
up 84.8% year-over-year; diluted EPS was RMB4.21, up 87.9%
year-over-year.
-- Adjusted non-IFRS net profit attributable to the owners of the Company
was RMB10.54 billion, up 43.4% year-over-year; adjusted non-IFRS net
profit margin up 5.6pts year-over-year to 32.1%; adjusted non-IFRS
diluted EPS was RMB3.68, up 46.0% year-over-year.
-- With continuous capacity expansion to better meet customer demand,
backlog for Continuing Operations reached RMB59.88 billion as of
September 30, 2025, up 41.2% year-over-year.
-- Operating cash flow climbed 35.0% year-over-year to RMB10.87 billion,
driven by business growth, increase in operating efficiency, and
continued improvement of financial management capabilities.
-- Sustained and steady business growth as a result of our unique, fully
integrated Contract Research, Development and Manufacturing Organization
(CRDMO) platform. Driven by "follow the molecule" and "win the molecule"
strategies, WuXi Chemistry's small molecule CRDMO pipeline continues to
efficiently convert and capture high-quality molecules, delivering
sustained business growth. In the first three quarters of 2025, a total
of 621 new molecules were added to the small molecule Development and
Manufacturing (D&M) pipeline. As of September 30, 2025, our small
molecule D&M pipeline reached 3,430 molecules, representing an increase
of 15 projects in phase III and commercial stages during the first three
quarters of 2025.
-- Acceleration of global expansion, capacity construction and capability
development. In March 2025, both the Changzhou and Taixing API
manufacturing sites successfully passed FDA on-site inspections with no
single observation. By the end of 2025, total reactor volume of small
molecule APIs is expected to reach over 4,000kL. In September 2025, the
construction of peptide capacity in Taixing was completed ahead of
schedule; the Company's total reactor volume of Solid Phase Peptide
Synthesizers has been increased to more than 100,000L.
-- Robust shareholder returns. The Company remains committed to rewarding
shareholders and actively supporting the Company's value. This year, the
Company has implemented a total of RMB6.88 billion in cash dividends,
share repurchases and cancellations, representing more than 70% of the
Company's 2024 net profit attributable to the owners of the Company.
Among these, the Company has distributed a total of RMB4.88 billion in
cash dividends, including RMB2.83 billion for the 2024 annual cash
dividend, RMB1.01 billion for the 2025 special cash dividend and RMB1.03
billion for the 2025 interim dividend. Meanwhile, the Company also
completed the repurchase of RMB2.0 billion worth of A-shares in total,
all of which have been cancelled.
([1]) As disclosed in 2025 Third Quarterly Report, Continuing Operations
include WuXi Chemistry, WuXi Testing, WuXi Biology and Others, the scope of
which may change following adjustments to the Company's business strategy.
([2]) Net profit attributable to the owners of the Company is prepared in
accordance with China Accounting Standards for Business Enterprises $(CAS)$.
([3]) In 2024 Q1-Q3 and 2025 Q1-Q3, WuXi AppTec had a fully-diluted weighted
average share count of 2,906,724,914 and 2,873,641,499 ordinary shares,
respectively.
2025 Full-Year Outlook
With confidence in customers' ongoing demand for enabling services, our CRDMO business model and management execution, the Company has further raised its full-year guidance.
The Company expects Continuing Operations revenue to resume double-digit growth in 2025, with its year-over-year growth rate raised to 17-18%, up from the prior 13-17%. As a result, the Company expects full-year total revenue of RMB43.5-44.0 billion, up from the prior RMB42.5-43.5 billion.
As it focuses on the core CRDMO business and continuously improved production and operating efficiency, the Company is confident and expects to further improve the adjusted non-IFRS net profit margin in 2025.
The Company is actively advancing global capacity construction; while due to longer-than-expected settlement cycles of certain projects, capex for 2025 is expected to reach RMB5.5-6.0 billion (adjusted from the prior RMB7.0-8.0 billion). Together with business growth, efficiency improvement, and considering the timing differences in project payments, free cash flow for 2025 is expected to increase from RMB5.0-6.0 billion to RMB8.0-8.5 billion.
Management Comment
Dr. Ge Li, Chairman and CEO of WuXi AppTec, said, "Reflecting robust customer demand and the strength of our unique CRDMO business model, WuXi AppTec delivered strong double-digit growth in revenue, profit and operating cash flow in the first three quarters of 2025, while our backlog for Continuing Operations reached a record RMB59.9 billion. Based on this momentum, we have further raised our full-year revenue and free cash flow guidance. The strategic divestment of clinical research services enables us to fully focus on our core CRDMO strategy and better meet the evolving needs of our customers. By concentrating on drug discovery, laboratory testing, process development, and manufacturing services, we are accelerating the growth of our global capabilities and capacities, delivering greater value for customers and shareholders, and advancing our vision that 'every drug can be made and every disease can be treated'."
Business Performance by Segment
-- WuXi Chemistry: CRDMO Business Model Drives Continuous Growth; Q1-Q3
2025 Revenue Up 29.3 % YoY , with TIDES Revenue Up 121.1% YoY
-- Q1-Q3 revenue of WuXi Chemistry reached RMB25.98 billion, up 29.3%
year-over-year. With continued optimization of production process
and improvement in capacity efficiency driven by the growth of
late-stage clinical and commercial projects, Q1-Q3 adjusted
non-IFRS gross profit margin of WuXi Chemistry steadily improved
5.8pts year-over-year to 51.3%.
-- Small molecule drug discovery service ("R") continues to generate
downstream opportunities. In the past 12 months, we successfully
synthesized and delivered more than 430,000 new compounds to
customers. In the meantime, 250 molecules were converted from R to
D phase in the first three quarters of 2025. Through our
"follow-the-customer" and "follow-the-molecule" strategies, we
established trusted partnerships with our customers globally,
supporting the sustainable growth of our CRDMO business.
-- Small molecule D&M service remains strong.
1. The small molecule CDMO pipeline continued to expand. Q1-Q3
revenue of small molecule D&M services rose 14.1%
year-over-year to RMB14.24 billion. In the first three
quarters of 2025, 621 new molecules were added to the small
molecule D&M pipeline. As of September 30, 2025, our small
molecule D&M pipeline reached 3,430 molecules, including 80
commercial projects, 87 in phase III, 374 in phase II and
2,889 in phase I and pre-clinical stages. This represents
an increase of 15 projects in the commercial and phase III
stages during the first three quarters of 2025.
2. We continued to build small molecule capacity. In March
2025, both the Changzhou and Taixing API manufacturing
sites successfully passed FDA on-site inspections with no
single observation. The total reactor volume of small
molecule APIs is expected to reach over 4,000kL by the end
of 2025.
-- TIDES business (oligo and peptides) sustains rapid growth.
1. With the ramp-up of new capacities released sequentially
each quarter last year, Q1-Q3 TIDES revenue grew 121.1%
year-over-year to RMB7.84 billion. As of September 30,
2025, TIDES backlog grew 17.1% year-over-year.
2. TIDES D&M customers grew 12% year-over-year, while the
number of TIDES molecules grew 34% year-over-year.
3. In September 2025, the construction of peptide capacity in
Taixing was completed ahead of schedule; the Company's
total reactor volume of Solid Phase Peptide Synthesizers
has been increased to more than 100,000L.
-- WuXi Testing: Drug Safety Evaluation Service & Site Management
Organization (SMO) Maintain Leading Positions
-- WuXi Testing revenue reached RMB4.17 billion in Q1-Q3, and Q1-Q3
adjusted non-IFRS gross profit margin was 26.5%.
-- With development of differentiated capabilities and enhanced
operational management, Q3 revenue of lab testing services reached
RMB1.08 billion, growing 7.2% year-over-year and 7.5%
quarter-over-quarter; while its Q3 adjusted non-IFRS gross profit
margin continued to improve quarter-over-quarter. Of which, the
revenue of drug safety evaluation services grew 5.9%
year-over-year and 13.2% quarter-over-quarter.
-- Q1-Q3 revenue of lab testing services grew 2.7% year-over-year to
RMB2.96 billion. Due to market impact, its Q1-Q3 adjusted non-IFRS
gross profit margin declined as pricing was gradually reflected in
revenue along with backlog conversion. Of which, drug safety
evaluation services revenue resumed positive year-over-year growth,
while maintaining an industry-leading position in the Asia-Pacific
region.
-- The Company is committed to actively enabling customers' global
licensing. New modality business continued to develop, while the
Company maintained its leading position in areas including nucleic
acids, conjugates, mRNA, multispecific antibodies and peptides.
-- The Company continued to advance automation. DMPK successfully
launched its proprietary all-in-one compound identification
software, enhancing efficiency in spectral interpretation and
metabolite identification for nucleic acids and peptides by 83%.
-- The Suzhou facility has successfully passed 4 consecutive FDA
on-site inspections.
-- Q1-Q3 revenue for clinical CRO & SMO was down 6.4% year-over-year
to RMB1.21 billion due to market pricing impact; of which, SMO
revenue was down 0.7% year-over-year as backlog gradually
converted into revenue, while maintaining its industry leading
position in China.
-- During the first three quarters of 2025, our clinical CRO business
supported customers in obtaining 19 IND approvals and submitting
for 2 NDA filings; the SMO business supported 75 new drug
approvals for customers. The SMO business has supported 331 new
drug approvals in total over the past decade, maintaining
significant advantages in multiple areas (endocrinology,
dermatology, lung cancer and cardiovascular disease, etc.).
-- WuXi Biology: Continues to Generate Downstream Opportunities; In Vitro &
In Vivo Business Synergies and New Modality Business Drive Growth
-- WuXi Biology follows the science, continuously strengthens drug
discovery capabilities in emerging areas and actively grows
overseas businesses. It efficiently generates downstream
opportunities for CRDMO model by continuously contributing more
than 20% of the Company's new customers.
-- Through cross-regional collaboration, comprehensive platform
integration and integrated project transformation, we efficiently
enable our customers worldwide. WuXi Biology revenue reached
RMB1.95 billion in Q1-Q3 2025, a year-over-year increase of 6.6%.
-- Due to market pricing impact, Q1-Q3 adjusted non-IFRS gross profit
margin of WuXi Biology was down 1.0pts to 37.0%. With continuously
improved operational efficiency, its Q3 adjusted non-IFRS gross
profit margin improved 1.5pts quarter-over-quarter.
-- We accelerated advancements in in vitro integrated screening
technologies and continued to improve in vivo pharmacology
capabilities, resulting in rapid year-over-year and
quarter-over-quarter revenue growth. With its competitive edge
continuously strengthened, the non-oncology business has achieved
strong revenue growth, becoming an important contributor to
business growth.
-- New modality drug discovery services continue to perform well,
contributing more than 30% of WuXi Biology's total revenue.
This release provides a summary of the results and does not intend to provide a complete statement relating to the Company, its securities, or any relevant matters herein that a recipient may need in order to evaluate the Company. For additional information, please refer to the WuXi AppTec 2025 Third Quarterly Results Presentation and 2025 Third Quarterly Report disclosed on the Company's official website, as well as the Company's disclosure documents and information on the Shanghai Stock Exchange, the Stock Exchange of Hong Kong Limited website. Investors are advised to exercise caution and be aware of the investment risks in trading Company shares.
Net profit attributable to the owners of the Company is prepared in accordance with China Accounting Standards for Business Enterprises (CAS), in currency of RMB. Besides, all other financial information disclosed in this press release is prepared in accordance with the International Financial Reporting Standards Accounting Standards ("IFRSs"), in currency of RMB.
The 2025 Third Quarterly Report of the Company has not been audited.
Third Quarter 2025 Results by Segments
Unit: RMB million
Adjusted
Adjusted non- non-IFRS
IFRS Gross Gross Profit
Segment Revenue Change Profit Change Margin
------------------- --------- ------- ------------- ------- -------------
WuXi Chemistry 9,676.68 22.7 % 5,329.83 40.6 % 55.1 %
------------------- --------- ------- ------------- ------- -------------
WuXi Testing 1,480.83 2.1 % 428.69 -10.0 % 28.9 %
------------------- --------- ------- ------------- ------- -------------
WuXi Biology 695.67 5.9 % 264.49 1.8 % 38.0 %
------------------- --------- ------- ------------- ------- -------------
Others 191.78 163.8 % 161.60 658.4 % 84.3 %
------------------- --------- ------- ------------- ------- -------------
Discontinued
Operations (Note
1) 12.47 -96.9 % 12.47 N/A 100.0 %
------------------- --------- ------- ------------- ------- -------------
Total 12,057.43 15.3 % 6,197.08 38.4 % 51.4 %
------------------- --------- ------- ------------- ------- -------------
First Three Quarters 2025 Results by Segments
Unit: RMB million
Adjusted
non-IFRS
Adjusted non- Gross
IFRS Gross Profit
Segment Revenue Change Profit Change Margin
----------------------- --------- ------- ------------- ------- ---------
WuXi Chemistry 25,978.06 29.3 % 13,314.69 45.7 % 51.3 %
----------------------- --------- ------- ------------- ------- ---------
WuXi Testing 4,169.47 0.0 % 1,104.58 -26.1 % 26.5 %
----------------------- --------- ------- ------------- ------- ---------
WuXi Biology 1,947.27 6.6 % 720.38 3.8 % 37.0 %
----------------------- --------- ------- ------------- ------- ---------
Others 355.26 -10.5 % 258.90 24.1 % 72.9 %
----------------------- --------- ------- ------------- ------- ---------
Discontinued Operations
(Note 1) 406.65 -66.5 % 56.49 N/A 13.9 %
----------------------- --------- ------- ------------- ------- ---------
Total 32,856.72 18.6 % 15,455.04 36.3 % 47.0 %
----------------------- --------- ------- ------------- ------- ---------
Note 1: In accordance with the IFRSs, the Company has classified the operations for which equity sale agreements were signed or sales were completed during the first three quarters of 2025 or the comparison year as discontinued operations.
Note 2: Any sum of the data above that is inconsistent with the total is due to rounding.
Consolidated Statement of Profit or Loss ([4]) -- Prepared under IFRSs
Three Months Ended September Nine Months Ended September
RMB Million 30, 30,
2025 2024 2025 2024
Revenue 12,057.4 10,461.1 32,856.7 27,702.0
Cost of sales (6,050.8) (6,063.8) (17,737.9) (16,603.8)
------------- ------------- ------------- --------------
Gross profit 6,006.6 4,397.3 15,118.9 11,098.2
------------- ------------- ------------- --------------
Other income 280.4 247.6 920.0 758.6
Other gains and
losses 188.0 (602.5) 2,637.0 (394.1)
Impairment
losses
under
expected
credit
losses
("ECL")
model, net
of
reversal (169.0) (72.5) (459.6) (154.6)
Impairment
losses of
non-financial
assets (80.0) - (153.5) -
Impairment
losses of
assets
classified as
held for sale - - (120.7) -
Selling and
marketing
expenses (175.0) (189.1) (569.4) (546.6)
Administrative
expenses (721.8) (687.4) (1,969.5) (1,964.9)
R&D expenses (311.2) (317.7) (825.7) (954.0)
------------- ------------- ------------- --------------
Operating Profit 5,018.1 2,775.7 14,577.4 7,842.5
------------- ------------- ------------- --------------
Share of results
of associates 199.9 87.1 440.1 202.9
Share of results
of joint
ventures 0.6 0.2 0.6 (4.0)
Finance costs (88.8) (58.2) (257.6) (187.2)
------------- ------------- ------------- --------------
Profit before
tax 5,129.7 2,804.7 14,760.5 7,854.3
------------- ------------- ------------- --------------
Income tax
expense (1,583.8) (484.0) (2,830.9) (1,252.7)
------------- ------------- ------------- --------------
Profit for the
period 3,545.8 2,320.8 11,929.6 6,601.6
============= ============= ============= ==============
Profit for the
period
attributable
to:
Owners of the
Company 3,514.6 2,293.1 11,801.9 6,532.9
Non-controlling
interests 31.2 27.7 127.6 68.7
------------- ------------- ------------- --------------
3,545.8 2,320.8 11,929.6 6,601.6
============= ============= ============= ==============
([4]) If the sum of the data below is inconsistent with the total, it is
caused by rounding.
Consolidated Statement of Profit or Loss([5]) (continued) -- Prepared under IFRSs
Three Months Ended September Nine Months Ended September
30, 30,
2025 2024 2025 2024
Weighted
average number
of ordinary
shares for
calculating
EPS (expressed
in shares)
-- Basic 2,839,378,755 2,883,580,115 2,839,864,290 2,899,626,297
-- Diluted 2,877,629,997 2,889,573,492 2,873,641,499 2,906,724,914
Earnings per
share
(expressed in
RMB per S
hare)
-- Basic 1.24 0.80 4.16 2.25
-- Diluted 1.22 0.79 4.12 2.24
([5]) If the sum of the data below is inconsistent with the total, it is
caused by rounding.
Consolidated Statement of Financial Position([6]) -- Prepared under IFRSs
RMB Million September 3 0 , December 31,
2025 2024
--------------- ------------
Non-current Assets
Property, plant and equipment 25,662.5 25,267.8
Right-of-use assets 1,837.0 1,874.8
Goodwill 866.0 972.4
Other intangible assets 420.1 601.0
Interests in associates 1,939.2 2,322.2
Interests in joint ventures 3.9 3.4
Deferred tax assets 512.9 473.1
Financial assets at fair value through profit
or loss ("FVTPL") 8,350.8 8,943.4
Other non-current assets 115.7 114.7
Biological assets 1,085.7 1,063.0
Total Non-current Assets 40,793.8 41,635.7
--------------- ------------
Current Assets
Inventories 6,011.0 3,532.1
Contract costs 929.0 912.2
Biological assets 903.7 955.5
Amounts due from related parties 115.5 89.3
Trade and other receivables 10,731.6 9,643.7
Contract assets 819.0 988.8
Income tax recoverable 42.8 87.2
Financial assets at FVTPL 3,561.0 1,234.0
Derivative financial instruments 1.8 -
Other current assets 742.3 734.1
Pledged bank deposits 57.5 22.1
Term deposits with initial term of over three
months 3,921.4 4,865.6
Bank balances and cash 25,459.9 13,434.3
--------------- ------------
53,296.6 36,498.8
Assets classified as held for sale 515.7 2,191.3
--------------- ------------
Total Current Assets 53,812.3 38,690.2
--------------- ------------
Total Assets 94,606.1 80,325.8
=============== ============
([6]) If the sum of the data below is inconsistent with the total, it is
caused by rounding.
Consolidated Statement of Financial Position (continued)([7]) -- Prepared under IFRSs
RMB Million September 3 0 , December 31,
2025 2024
--------------- ------------
Current Liabilities
Trade and other payables 7,746.5 7,025.5
Amounts due to related parties 7.9 15.3
Derivative financial instruments 2.9 202.0
Contract liabilities 2,565.7 2,251.0
Bank borrowings 5,282.1 1,278.6
Lease liabilities 179.9 224.2
Income tax payables 2,249.9 870.8
Convertible bonds 1,294.5 3,493.1
--------------- ------------
19,329.3 15,360.6
Liabilities directly associated with assets
classified as held for sale 109.0 865.5
--------------- ------------
Total Current Liabilities 19,438.3 16,226.1
--------------- ------------
Non-current Liabilities
Bank borrowings 1,799.1 2,959.5
Deferred tax liabilities 433.7 522.4
Deferred income 929.9 985.6
Lease liabilities 532.7 546.6
Total Non-current Liabilities 3,695.4 5,014.1
--------------- ------------
Total Liabilities 23,133.6 21,240.2
Net Assets 71,472.5 59,085.6
=============== ============
Capital and Reserves
Share capital 2,965.7 2,888.0
Reserves 67,982.4 55,744.7
--------------- ------------
Equity attributable to owners of the Company 70,948.1 58,632.7
Non-controlling interests 524.4 452.9
Total Equity 71,472.5 59,085.6
=============== ============
([7]) If the sum of the data below is inconsistent with the total, it is caused by rounding.
Adjusted Non-IFRS Net Profit Attributable to the Owners of the Company([8])
Three Months Ended Nine Months Ended September
RMB Million September 30, 30,
2025 2024 2025 2024
Net p rofit
attributable to the
owners of the
Company under CAS 3,514.6 2,293.1 12,075.5 6,532.9
GAAP difference([9]) - - (273.6) -
Net p rofit
attributable to the
owners of the
Company under
IFRSs 3,514.6 2,293.1 11,801.9 6,532.9
Add:
Share-based
compensation
expenses 249.9 79.4 426.3 244.4
Issuance
expenses of
convertible
bonds 8.7 - 28.4 -
Foreign
exchange
related
losses 100.0 629.8 548.0 658.7
Amortization of
acquired
intangible
assets from
merger and
acquisition 6.7 13.3 20.5 40.3
Gains or losses
from
divestiture,
restructuring
and resource
integration
initiatives 88.4 - 228.3 -
------------ ------------- ------------ -------------
Non-IFRS net profit
attributable to the
owners of the
Company 3,968.5 3,015.6 13,053.5 7,476.3
------------ ------------- ------------ -------------
Add:
Realized and
unrealized
losses(gains)
from venture
capital
investments 254.4 (41.9) (2,515.7) (134.6)
Realized and
unrealized share
of (gains)losses
from joint
ventures (0.6) (0.2) (0.6) 4.0
------------ ------------- ------------ -------------
Adjusted non-IFRS
net profit
attributable to the
owners of the
Company 4,222.3 2,973.5 10,537.1 7,345.7
------------ ------------- ------------ -------------
([8]) If the sum of the data below is inconsistent with the total, it is
caused by rounding.
([9]) Due to differences in accounting treatment of long-term equity
investments under IFRSs, it occurs GAAP difference of RMB(273.6) million for
first three quarters of 2025.
About WuXi AppTec
WuXi AppTec is a trusted partner and contributor to the pharmaceutical and life sciences industries, providing R&D and manufacturing services that help advance healthcare innovation. With operations across Asia, Europe, and North America, we offer integrated, end-to-end services through our unique CRDMO (Contract Research, Development, and Manufacturing Organization) platform. We are privileged to work alongside nearly 6,000 partners across 30+ countries, supporting their efforts to bring breakthrough treatments to patients. Guided by our vision that every drug can be made and every disease can be treated, we are committed to advancing breakthroughs for patients--one collaboration at a time. Learn more at https://www.wuxiapptec.com.
Forward-Looking Statements
This press release may contain certain statements that are or may be forward looking, which can be recognized by the use of words such as "expects", "plans", "will", "estimates", "projects", "intends", or words of similar meaning. Such forward-looking statements are not historical facts, but instead are predictions about future events based on our beliefs, development strategy, business plan as well as assumptions made by and information currently available to our management. Although we believe that our predictions are reasonable, future events are inherently uncertain and our forward-looking statements may turn out to be incorrect. Our forward-looking statements are subject to risks relating to, among other things, our ability to meet timelines for the expansion of our service offerings or to reach the scale of our production capacity expansion plans, our ability to protect our clients' intellectual property, competition, unforeseeable change of international policy, the impact of emergencies and other force majeure. Our forward-looking statements do not constitute any profit forecast by our management nor an undertaking by WuXi AppTec Co., Ltd. ("WuXi AppTec" or the "Company") to our investors. ACCORDINGLY, YOU ARE STRONGLY CAUTIONED THAT RELIANCE ON ANY FORWARD-LOOKING STATEMENTS INVOLVES KNOWN AND UNKNOWN RISKS AND UNCERTAINTIES. All forward-looking statements contained herein are qualified by reference to the cautionary statements set forth in this section. All information provided in this press release is as of the date of this press release and are based on assumptions that we believe to be reasonable as of this date, and we do not undertake any obligation to update any forward-looking statement or information in this press release to reflect future events or circumstances, except as required under applicable law.
Continuing Operations and Discontinued Operations
In accordance with the IFRSs, the Company has classified the operations for which equity sale agreements were signed or sales were completed during the first three quarters of 2025 or the comparison year as discontinued operations ("Discontinued Operations"). The remaining operations of the Company will continue to be reported as continuing operations ("Continuing Operations").
Use of Non-IFRS and Adjusted Non-IFRS Financial Measures
We provide non-IFRS gross profit and non-IFRS net profit attributable to the owners of the Company, which exclude share-based compensation expenses, issuance expenses of convertible bonds, foreign exchange-related gains or losses, amortization of acquired intangible assets from merger and acquisition, gains or losses from divestiture, restructuring and resource integration initiatives, etc. We also provide adjusted non-IFRS net profit attributable to the owners of the Company and earnings per share, which further exclude realized and unrealized gains or losses from our venture capital investments and joint ventures. Neither of the above is required by, or presented in accordance with IFRSs.
We believe that the adjusted financial measures used in this presentation are useful for understanding and assessing our core business performance and operating trends, and we believe that management and investors may benefit from referring to these adjusted financial measures in assessing our financial performance by eliminating the impact of certain unusual, non-recurring, non-cash and non-operating items that we do not consider indicative of the performance of our core business. Such non-IFRS financial measures, the management of the Company believes, is widely accepted and adopted in the industry the Company is operating in. However, the presentation of these adjusted non-IFRS financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with IFRSs. You should not view adjusted results on a stand-alone basis or as a substitute for results under IFRSs, or as being comparable to results reported or forecasted by other companies.
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SOURCE WuXi AppTec
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October 26, 2025 03:53 ET (07:53 GMT)
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