CICC: Lower target price of Alibaba Health Information Technology Limited (02359.HK) to HK$78.8, maintain "outperform" rating.

Wisdom Financial News APP learned that CICC released a research report stating that in the first quarter of 2025, WuXi AppTec (02359.HK) saw a year-on-year increase of 21% in revenue to 9.65 billion RMB; continuous operating revenue increased by 23.1% to 9.39 billion; net profit increased by 89.1% to 3.672 billion; adjusted non-IFRS net profit increased by 40% to 2.68 billion; continuous operating business orders increased by 47.1% to 52.33 billion, slightly exceeding expectations. CICC stated that its order growth is strong, Tides business continues to expand, maintains a "outperform industry" rating, but due to industry systematic pullback, H-share target price lowered by 10.5% to 78.8 Hong Kong dollars.