On August 27, WUXI XDC fell 3.62% in regular trading to HK$76.45, with turnover of HK$4.185 billion, marking a second consecutive session of pullback following a 13%-plus rally on August 25 driven by better-than-expected interim results.
The company reported H1 revenue of RMB 37.01 billion, up 41.5% year-over-year on a constant exchange rate basis, with adjusted net profit rising 37.4% to RMB 10.27 billion. Backlog orders reached approximately US$2.2 billion, surging 62.2% year-over-year. Despite multiple brokerages raising target prices post-results — CICC to HK$96, CMB International to HK$93, and CLSA to HK$87.9 — short-term profit-taking pressure persists after the sharp one-day gain that pushed shares to a ten-month high.
Management reiterated full-year guidance of over 40% revenue growth on a CER basis, while analysts noted that Singapore capacity ramp-up remains a key catalyst for H2. The company also granted 342,300 restricted shares to 13 employees at nil consideration on August 25.
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