WuXi Biologics (Cayman) First Half 2024 Earnings: EPS: CN¥0.36 (vs CN¥0.55 in 1H 2023)

WuXi Biologics (Cayman) (HKG:2269) First Half 2024 Results

Key Financial Results

• Revenue: CN¥8.57b (up 1.0% from 1H 2023).
• Net income: CN¥1.50b (down 34% from 1H 2023).
• Profit margin: 18% (down from 27% in 1H 2023).
• EPS: CN¥0.36 (down from CN¥0.55 in 1H 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

WuXi Biologics (Cayman) Earnings Insights

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Life Sciences industry in Asia.

Performance of the market in Hong Kong.

The company's shares are down 8.0% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for WuXi Biologics (Cayman) that you should be aware of.

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