WuXi XDC Cayman (HKG:2268) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥4.05b (up 91% from FY 2023).
- Net income: CN¥1.07b (up 277% from FY 2023).
- Profit margin: 26% (up from 13% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: CN¥0.89 (up from CN¥0.28 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
WuXi XDC Cayman Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 14%.
Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Life Sciences industry in Hong Kong.
Performance of the Hong Kong Life Sciences industry.
The company's shares are down 11% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on WuXi XDC Cayman's balance sheet.
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