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China's Asymchem Q3 revenue, net profit rise on macromolecules strength

By Reuters News


Overview

  • China CDMO's Q3 revenue rose 24% yr/yr to RMB 1.79 bln

  • Net profit attributable to shareholders increased 81.5% yr/yr

  • Growth driven by chemical macromolecules, biological macromolecules, and drug product segments


Outlook

  • Company expects full-year 2026 operating revenue to increase by 19% to 22%

  • Q4 delivery scale is expected to increase significantly versus Q3, supported by its order backlog


Result Drivers

  • MACROMOLECULAR SEGMENTS - Co said Q3 growth was mainly driven by strong performance in chemical macromolecules, biological macromolecules, and drug product segments

  • EMERGING BUSINESS GROWTH - Revenue from emerging businesses rose sharply, with gross profit margin of 30.95% in Q3

  • OPERATING EFFICIENCY - Co said shift to 'cost control and efficiency improvement' approach enhanced profitability and competitiveness


Company press release: Full Story


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

RMB 1.79 bln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the pharmaceuticals peer group is "buy"

  • Wall Street's median 12-month price target for Asymchem Laboratories (Tianjin) Co Ltd is CNY191.70, about 37.3% above its October 22 closing price of CNY139.66

  • The stock recently traded at 32 times the next 12-month earnings vs. a P/E of 37 three months ago


Reuters Recommended Reads

  • Oct 20 - Medical products distributor Sinopharm Group's prelim 9-month revenue slips

  • Oct 21 - Danaher Q3 adjusted EPS beats, FY guidance raised

  • Oct 21 - Integra Lifesciences Q3 revenue slightly misses estimates on flood damage


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


Press Release https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1022/2026102200811.pdf

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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