Trade WUXI BIO - 2269 CFD

WuXi Biologics Company profile

About WuXi Biologics (Cayman) Inc

WuXi Biologics Cayman Inc is an investment holding company principally engaged in provision of discovery, development and manufacturing of biologics services. The Company's technology platforms include WuXiBody TM bispecific antibody technology platform and antibody drug conjugates (ADC) technology platform. It has brought in several new projects into its pipeline. The Company has a vaccine manufacturing facility and produces vaccines for customers to supply the global market. The Company conducts its businesses within the China market and to overseas markets, such as North America, Europe and other markets.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, WuXi Biologics (Cayman) Inc revenues increased 83% to RMB10.29B. Net income increased from RMB1.69B to RMB3.39B. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from FV gain - unlisted investments at FVTPL increase from RMB3M to RMB74.4M (income).