Wuxi Biologics has reported a full-year net income of 3.40 billion yuan, falling short of the estimated 3.58 billion yuan. The company’s revenue exceeded estimates, coming in at 17.03 billion yuan against an estimated 16.98 billion yuan. Adjusted net income surpassed estimates, with Wuxi Biologics reporting 4.70 billion yuan against an estimated 4.2 billion yuan. The gross margin for the c...
Analyst sentiment towards WuXi AppTec has declined, with significant cuts to revenue estimates and EPS numbers. The company's revenues are forecast to shrink, indicating a significant reduction from annual growth of 31% over the last five years.
$Lion-OCBC Sec HSTECH S(HST.SG)$ Hong Kong stocks slipped, extending a retreat from a three-month high, as weak corporate earnings and guidance weighed on sentiment and Chinese authorities stayed away from major stimulus measures to rejuvenate the economy. The Hang Seng Index declined 1.1 per cent to 16,550.90 at the local noon trading break. The Tech Index fell 1.8 per cent, while the ...
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Revenue growth at industrial enterprises picked up markedly as market demand continued to recover and industrial output expanded rapidly, which created favorable conditions for their profits.
Some 29 out of China's 41 main industries saw profits rise in the first two months.
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Wuxi Biologics Earnings Report: FY Net Income Misses Estimates Despite Revenue Surpassing Predictions
The company’s revenue exceeded estimates, coming in at 17.03 billion yuan against an estimated 16.98 billion yuan.
Adjusted net income surpassed estimates, with Wuxi Biologics reporting 4.70 billion yuan against an estimated 4.2 billion yuan.
The gross margin for the c...
HSI Closes at 16,473, Down 25 pts
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WuXi AppTech, Li Auto lead Hong Kong stock losses on earnings concerns as bets on Fed rate cut before May fade
Hong Kong stocks slipped, extending a retreat from a three-month high, as weak corporate earnings and guidance weighed on sentiment and Chinese authorities stayed away from major stimulus measures to rejuvenate the economy. The Hang Seng Index declined 1.1 per cent to 16,550.90 at the local noon trading break. The Tech Index fell 1.8 per cent, while the ...
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