WuXi AppTec (603259) Q3 2026 earnings summary

Executive summary

• 9M revenue reached RMB45.54bn, up 38.6% YoY; Continuing Operations revenue grew 46.3%, and backlog rose 36.4% to RMB76.74bn at Sept. 30.

• Adjusted non-IFRS net profit increased 74.4% to RMB18.38bn.

• FY2026 revenue and Continuing Operations growth guidance were raised, alongside higher adjusted free cash flow guidance.

Financial highlights

• Q3 revenue was RMB16.64bn, up 38.0% YoY; attributable net income rose 136.7% to RMB8.32bn, including substantial disposal gains.

• 9M CAS net profit was RMB19.40bn, up 60.6%; net profit after non-recurring items was RMB16.48bn, up 73.0%.

• 9M adjusted non-IFRS net profit reached RMB18.38bn, up 74.4%; adjusted EPS was RMB6.31 versus RMB3.71.

• 9M operating cash flow increased 50.7% to RMB17.19bn; adjusted operating cash flow was RMB17.28bn, up 58.9%.

• 9M total profit was RMB24.05bn, up 59.9% YoY.

Outlook and guidance

• FY2026 revenue guidance rose to RMB61.0–61.9bn from RMB58.5–60.5bn; Continuing Operations growth guidance increased to 40–42% from 35–39%.

• FY2026 TIDES revenue is expected to grow ~47% YoY; adjusted non-IFRS net profit margin is expected to remain stable and resilient.

• FY2026 capex guidance is RMB8.0–8.5bn; adjusted free cash flow guidance rose to RMB14.5–15.5bn from RMB13.5–14.5bn.