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<Alert>WUXI XDC (02268.HK) Forecasts NP to Grow 2.6x YoY Last Yr
Recommend 4 Positive 12 Negative 2 |
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WUXI XDC (02268.HK) has issued a positive profit alert expecting last year's revenue/ net profit/ adjusted net profit to increase by more than 85%/ 260%/ 170% YoY. In the group's expectation, such increases were primary attributable to the continuous downstream demand from the fast growth of antibody drug conjugate (ADC) and the broader bioconjugate industry; the group’s established leading position and unique competitive strengths, and further improvement in the group’s profit margin primarily resulting from a sustained high utilization rate of the group’s production facilities; faster ramp-up of production lines that have recently commenced operations; increased operating efficiency; and interest income derived from treasury management of cash of the group. AAStocks Financial News |
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