BRIEF: WuXi XDC’s profit jumps in first half of 2025
Contract drug services provider WuXi XDC Cayman Inc. (2268.HK) on Wednesday said its revenue grew by over 60% in the first half of 2025, while its adjusted net profit surged by more than 67%. The company added its net profit grew by more than 50% during the period, which would equal 740 million yuan or more based on its 490 million yuan ($68 million) profit in the year-ago period.
This strong growth owed largely to strong downstream demand from makers of antibody-drug conjugates (ADCs); the company’s leadership in the bioconjugate drug services market; and the rapid ramp-up of its newly commissioned production lines.
Shares of WuXi rose 8.6% to HK$53.65 on Wednesday. The stock is up 73% this year.
By Lau Chi Hang
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