HK Stock Market Move | WuXi AppTec (02359) opened nearly 10% higher, with net profit surpassing 10 billion yuan in the first half of the year, and has fully raised its performance guidance for the entire year of 2026.

WuXi AppTec (02359) opened nearly 10% higher and, as of the time of writing, was up 9.94%, trading at HK$179.1 with a transaction volume of HK$74.974 million. On the news front, on the evening of August 3, WuXi AppTec released its interim financial results for the first half of 2026. During the first half, the company achieved revenue of 28.897 billion yuan, a year-on-year increase of 38.9%; net profit attributable to shareholders was 11.08 billion yuan, a year-on-year increase of 29.4%; and adjusted non-IFRS net profit attributable to shareholders was 11.57 billion yuan, a substantial year-on-year increase of 83.2%. In the second quarter alone, the company realized revenue of 16.46 billion yuan, a year-on-year increase of 47.7%; net profit attributable to shareholders was 6.43 billion yuan, a year-on-year increase of 31.5%; and adjusted non-IFRS net profit attributable to shareholders was 6.97 billion yuan, a year-on-year increase of 91.7%. As of the end of June, the company had a backlog of 66.43 billion yuan in continuing operations, representing a year-on-year increase of 25.2%, providing strong support for future revenue conversion. Based on the robust performance in the first half and the visibility of orders, the company has raised its full-year guidance for 2026: the overall revenue target has been raised from 51.353 billion yuan to 58.560.5 billion yuan, and the year-on-year growth rate for revenue from continuing operations has been raised from 18%22% to 35%39%; the full-year capital expenditure guidance has been raised from 6.57.5 billion yuan to 7.58.5 billion yuan, accelerating global capacity expansion, with the new base in Changzhou to begin operations ahead of schedule.