trending Market Intelligence /marketintelligence/en/news-insights/trending/ITNQdxeLpnTqGOnShvhVFQ2 content esgSubNav
In This List

WuXi Biologics' 2018 profit up 73.6% YOY

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Blog

Global M&A by the Numbers: Q2 2022

Blog

Insight Weekly: US bank M&A; low refinancing eases rates impact; Texas crypto mining booms

Blog

Infographic 2022 Top Tech Trends Shaping Corporations


WuXi Biologics' 2018 profit up 73.6% YOY

WuXi Biologics (Cayman) Inc.'s adjusted net profit for full year 2018 increased by 73.6% to 751.5 million Chinese yuan from 432.9 million yuan in 2017.

The China-based provider of biologics services said its adjusted EPS rose by 54.1% to 57 fens from 37 fens in the previous year.

The Hong Kong-listed company said its potential milestone payments will continue to boost its profit margin and improve profitability.

WuXi's revenue increased by 56.6% to 2.53 billion yuan for the year ended Dec. 31, 2018, compared to 1.62 billion yuan in 2017.

On a GAAP basis, the company reported a net profit of 630.5 million yuan, or 48 fen per share, which compares to 252.6 million, or 22 fen per share, in 2017.

As of March 15, US$1 was equivalent to 6.71 Chinese yuan.