Citigroup's report stated that due to strong demand for Wuxi Apptec's (02268.HK) projects, it is expected to achieve ideal performance in the first half of the year, with profits expected to increase by 57% annually, while the market forecasts growth of 48%. In addition, management also stated that the order trend is good.

Citigroup initiated a 30-day upward catalyst observation on Wuxi Apptec with a target price of 41 yuan and a rating of "buy".