On August 26, WUXI XDC declined 3.18% in regular trading, trading at HK$77.65/share with turnover of HK$254 million. The pullback follows a massive 12%+ rally on August 25 triggered by the company's strong H1 results.
On August 24, WUXI XDC reported H1 revenue of RMB 3.701 billion, up 37.0% year-over-year (41.5% on a constant exchange rate basis), with adjusted net profit rising 37.4% to RMB 1.027 billion. Gross margin improved to 37.0% from 36.1%. Unfilled orders reached approximately US$2.0 billion, up 50.4% year-over-year, while total unfilled orders including milestone payments hit US$2.2 billion, up 62.2%. The stock surged over 12% on August 25 to a 10-month high near HK$80 on the results.
Additionally, on the evening of August 25, the company announced it granted 342,300 restricted shares at nil consideration to 13 employees under its 2024 share plan, vesting 25% annually over four years. The short-term retreat appears driven by profit-taking following the sharp post-earnings rally.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)