Summary by Futu AI
China's WuXi AppTec has released unaudited H1 2024 results, with revenue of RMB 1.72409 billion, down 8.6% YoY, and gross profit of RMB 0.67 billion, down 11.3% YoY. Net profit attributable to the parent company was RMB 0.42398 billion, a decrease of 20.2% YoY. Basic earnings per share were RMB 1.46, and diluted earnings per share were RMB 1.45. The company provides end-to-end new drug R&D and production services to the global pharmaceutical and life sciences industry and has more than 6,000 active customers. The company has an order backlog of RMB 43.1 billion, a YoY increase of 33.2% excluding COVID-19 commercialization projects. The company faces external uncertainties, and it is expected that revenue will reach RMB 38.3-40.5 billion in 2024 and will maintain positive growth after excluding COVID-19 commercialization projects.