WuXi AppTec Shares Rise After Strong First-Quarter Earnings
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WuXi AppTec's shares surged over 17% following strong first-quarter earnings, with Hong Kong-listed stock reaching 148.00 HKD. The company's net profit rose 27% to 4.65 billion yuan, and revenue increased 29% to 12.44 billion yuan, driven by higher clinical and commercial projects. Analysts view the results positively, suggesting they may lead to improved growth guidance. The Shanghai-listed stock also saw a 10% rise, marking its largest gain since October 2024.
Source: MorningStar The copyright of this article belongs to the original author/organization.
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