WUXI BIO (02269.HK) -0.080 (-0.569%) Short selling $29.76M; Ratio 2.631% 's 2023 revenue increased by 12% YoY to RMB17 billion, Macquarie released a research report saying. Adjusted earnings dropped by 5% YoY to RMB4.7 billion, in line with the market's expectation and the guidance in December 2023.It would be difficult to win orders for CMO projects again, due to the ongoing geopolitical risks, and the Company lowered its revenue and net profit guidance for 2024, Macquarie quoted WUXI BIO's management as saying. Related NewsJefferies Trims WUXI BIO (02269.HK) TP to $42, Rating BuyAccordingly, Macquarie lowered its revenue forecasts for 2024 to 2026 by 6%/ 18%/ 21% each, and its earnings forecasts by 10%/ 24%/ 25%, respectively. Macquarie kept rating at Neutral, and slashed its target price by 63% to $14, from $38, which is equivalent to PE ratio forecasts of 12x/ 10x for 2024/ 2025, respectively.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-17 16:25.)