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<Research>CMS Initiates Coverage on WUXI XDC (02268.HK) w/ Rating Strongly Recommend on Future Growth Potential
WUXI XDC (02268.HK), a leading ADC CDMO company, is a global leader in ways such as technology platform, quality, efficiency and cost, with an estimated market share of about 20%, ...
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<Research>CMS Initiates Coverage on WUXI XDC (02268.HK) w/ Rating Strongly Recommend on Future Growth Potential
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WUXI XDC (02268.HK)  +0.100 (+0.272%)    Short selling $2.83M; Ratio 2.627%   , a leading ADC CDMO company, is a global leader in ways such as technology platform, quality, efficiency and cost, with an estimated market share of about 20%, China Merchants Securities (CMS) released a research report saying.

The Group's 2024 revenue amounted to RMB4.052 billion, with a 4-year CAGR of 133%. Its 2024 net profit was RMB1.07 billion, up 122% YoY. As of the end of last year, the Group served 499 clients, with a total outstanding order value of US$991 million, up 71% YoY.

CMS was optimistic about the Group's future growth potential, and projected 2025-2027 net profits to be RMB1.44 billion/ RMB1.88 billion/ RMB2.56 billion each. Therefore, the broker initiated coverage on the stock, with rating at Strongly Recommend.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-23 16:25.)

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