HK Stock Market Move | WuXi AppTec (02359) rises nearly 4%, to release third quarter report, company's TIDES business development momentum remains unchanged.

WuXi AppTec(02359) rose by nearly 4%, rising 3.76% to HK$110.3 as of the time of writing, with a turnover of HK$5.18 billion. On the news front, WuXi AppTec plans to hold a board meeting on October 24 to consider and approve the third-quarter performance ending September 30, 2025. On September 25, WuXi AppTec held an investor day event. CICC International believes the key points of this meeting are as follows: 1) The momentum of TIDES business development remains unchanged, with rapid capacity expansion and rich pipeline reserves; 2) Early research and development shows further signs of recovery, driving growth in early business revenue, accounting for about 1/3 of the company's total revenue; 3) Refined operations help the company maintain profitability while facing macro uncertainty and expanding global capacity. J.P. Morgan previously stated that WuXi AppTec continues to be the preferred stock in the Chinese CXO industry, noting that the company is the largest contract research and development and manufacturing organization in China. It is optimistic about its business fundamentals, believing that competition in the small molecule CRDMO field is relatively mild, and the growth momentum of the TIDES business remains strong.