BUZZ-WuXi AppTec's HK shares rise most in 8 months as annual profit jumps

Reuters03-24
BUZZ-WuXi AppTec's HK shares rise most in 8 months as annual profit jumps

** Hong Kong-listed shares of WuXi AppTec 2359.HK jump 9.8% to HK$112.8, their biggest intraday pct gain since July 29, 2025

** Stock of the Chinese new-drug developer and manufacturer hits the highest level since March 17, on track to snap three consecutive sessions of decline, if gains hold

** Stock is second-biggest pct gainer in the Hang Seng Index .HSI, which climbs 1.4%

** Shanghai-listed stock 603259.SS rises 6.2% to 93.2 yuan, marks the biggest intraday pct gain since September 30

** Company says its 2025 net profit soars 105.2% y/y, revenue up 15.8% y/y with gross profit margin increasing to 42.2% from 23.8% in 2024

** YTD, Hong Kong stock up 12.5%, Shanghai-listed shares up 2.3%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment