Profil de l'entreprise · Healthcare

WuXi AppTec Co Ltd H

2359 · Hong Kong
Autres cotations603259 · Shanghai
Bourse
Hong Kong
Pays / Région
Hong Kong
Effectif
35 584
Cours actuel
HK$212.4
En direct · 5 octobre 2026
Achat raisonnable
≤ HK$136
Point d'entrée avec marge de sécurité
Score de croissance Baillie
51/100
Moyen
Buffett Score
62/100
Moyen
Valeur intrinsèque · Fourchette en trois niveaux Cours actuel HK$212.4 En direct · Dans la fourchette de valeur intrinsèque raisonnable

Fourchette de valorisation composite · prudent HK$120–HK$136 / raisonnable HK$185–HK$245 / optimiste HK$300–HK$330. À HK$212.4, Dans la fourchette de valeur intrinsèque raisonnable.

À la publication HK$199.1 (12 août 2026)

Capitalisation637,33 Md HKD
Chiffre d'affaires (TTM)51,52 Md HKD
EBITDA25,73 Md HKD
Marge nette42,26 %
ROE28,37 %
PER (TTM)24,33
PER prévisionnel19,34
BPA7,49 HKD
Rendement du dividende0,97 %
Fourchette sur 52 semaines95,17 HKD – 218,40 HKD

Données EODHD, présentées dans la devise de reporting ; à titre indicatif uniquement, ne constitue pas un conseil en investissement.

WuXi AppTec Co., Ltd., an investment holding company, provides research and manufacturing services to discover, develop, and manufacture spectrum for small molecule drugs in the People's Republic of China, the United States, Europe, and internationally. The company operates through WuXi Chemistry, WuXi Testing, WuXi Biology, and Others segments. It offers contract research, development, and manufacturing organization (CDRMO) services for new drug development from discovery to commercial covering various categories for various synthetic molecular modalities, including small molecules, oligonucleotides, peptides, and complex conjugates; and biology services and solutions which support stand-alone and integrated projects from target discovery to candidate selection and into the clinic. The company also provides laboratory testing services, such as toxicology, DMPK, and bioanalytical services; clinical contract research organization services, including Phase I to Phase IV clinical development services, and bioequivalence for products including pharmaceuticals and biologics; and site management organization, patient recruitment, site start-up, and academic research organization. In addition, it offers services for biology; CDRMO platform for small molecules, oligonucleotides, and peptides; drug research and development testing; and clinical research services. WuXi AppTec Co., Ltd. was founded in 2000 and is headquartered in Shanghai, the People's Republic of China.

Historique

WuXi AppTec was founded in 2000 when Li Ge returned to China and, with co-founders Liu Xiaozhong and Zhang Zhaohui, established its R&D base in Wuxi and an operations center in Shanghai, starting as a chemistry-synthesis CRO serving overseas drug makers. It listed on the NYSE in August 2007 (US$14 per ADS), was taken private in 2015 at a market capitalization of about US$3.3 billion, and was split into multiple platforms before returning to the A-share market in May 2018 (offer price 21.6 yuan) and listing H shares in December 2018 (offer price HK$68, net proceeds of about HK$7.55 billion). The company is headquartered in Shanghai and employs 33,834 people.

Position dans le secteur

WuXi AppTec is a global contract research, development and manufacturing (CRDMO) provider for small-molecule drugs, operating through WuXi Chemistry, WuXi Testing, WuXi Biology and Others segments. Its global small-molecule CDMO market share is about 9.6% (IQVIA), and it holds roughly 35% of China's small-molecule CDMO market, ranking first; over the past five years about 21% of FDA-approved small-molecule new drugs involved the company. In 2025 it carried 3,452 molecules in its small-molecule pipeline, and its adjusted gross margin of 48.2% and net margin of 32.9% were the highest among global CXO peers.

51/100 Conserver WuXi AppTec Co., Ltd.: Chemistry Resets the Earnings Base, the U.S. Question Stays Open, and HK$199.10 Leaves No Conservative Discount WuXi AppTec is China's largest integrated drug-discovery, development and manufacturing contractor, monetising a 3,731-molecule small-molecule funnel as customer programs move into commercial production. H1 2026 revenue rose 38.9% and adjusted net profit 83.2% to a 40.0% margin, prompting management to lift full-year revenue guidance from CNY51.3-53.0bn to CNY58.5-60.5bn. Rating Hold: at HK$199.10 the shares sit just below the HK$200-230 base intrinsic-value band and inside the HK$185-245 acceptable-hold zone, with no discount to the HK$150-170 conservative case, while U.S. customers supplied about 72% of 2025 continuing revenue. WuXi AppTec Co., Ltd.2359 · Hong KongPharma R&D Outsourcing12 août 2026 46/100 Surveiller WuXi AppTec Zen Horizon Framework Deep Dive: A Fine Business, a Fair Price, and an Unresolved Geopolitical Catch WuXi AppTec is the global leader in small-molecule CRDMO, with the highest gross margin among peers and core recurring net profit still up 32.6%. The central thesis is that the business quality remains high, but the H-share price of HKD 125.6 sits only inside a neutral valuation band, lacks a margin of safety, and still carries unresolved BIOSECURE/1260H binary geopolitical risk plus ongoing controlling-shareholder selling. Research rating Watch: a high-quality compounder worth monitoring, but current price and unresolved tail risk do not justify a new-position entry. WuXi AppTec Co., Ltd.2359 · Hong KongPharma R&D Outsourcing5 juin 2026