＜Research＞CLSA: WUXI APPTEC (02359.HK) 2Q Rev., NP in Line with Estimations

　　WUXI APPTEC (02359.HK) +0.950 (+3.304%) Short selling $8.86M; Ratio 7.301% reported a 7% YoY drop in 2Q24 revenue, and an 11% YoY decline in adjusted non-IFRS net profit, both of which were in line with market consensus, CLSA released a research report saying.

　　The Company maintained its full-year guidance target, with total revenue expected to be in the range of RMB38.3 billion to RMB40.5 billion, implying a YoY growth of 2.7-8.6% (excluding COVID-19-related projects). Adjusted non-IFRS net profit margin is expected to be similar to that of 2023.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-29 16:25.)

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