Spinee
wrote a post · Mar 26 21:09
Wuxi Biologics Earnings Report: FY Net Income Misses Estimates Despite Revenue Surpassing Predictions
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Wuxi Biologics has reported a full-year net income of
3.40 billion yuan, falling short of the estimated 3.58 billion yuan.
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The company’s revenue exceeded estimates, coming in at
17.03 billion yuan against an estimated 16.98 billion yuan.
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Adjusted net income surpassed estimates, with Wuxi Biologics reporting
4.70 billion yuan against an estimated 4.2 billion yuan.
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The gross margin for the company was
40.1%, slightly lower than the estimated 40.4%.
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