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flag WuXi AppTec posted higher Q3 profits and raised its full-year revenue outlook due to strong biopharma demand and growing backlog.

flag WuXi AppTec reported a significant rise in third-quarter profits, with net income reaching RMB 3.515 billion, up from RMB 2.293 billion the previous year, and adjusted non-IFRS net profit at RMB 4.22 billion, up from RMB 2.974 billion. flag Quarterly revenue increased to RMB 12.057 billion from RMB 10.461 billion. flag The company raised its full-year revenue forecast to RMB 43.5 billion–RMB 44.0 billion, citing strong demand for its biopharmaceutical services and a 41.2% year-over-year increase in backlog for continuing operations. flag It also expressed confidence in improving its adjusted non-IFRS net profit margin in 2025.

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