Wuxi Apptech Co.,Ltd.’s Net Profit Rose 32% in First Quarter of 2023

Wuxi Apptech Co.,Ltd. (无锡药明康德新药开发股份有限公司) (603259.SH) reported a net profit of 2.2 billion yuan in the first quarter of 2023, up 32% year-on-year.

Meanwhile, the company posted 9 billion yuan in revenue, up 5.8% year-on-year.

At the end of the reporting period, it had 68.2 billion yuan in total assets and 18.4 billion yuan in total liabilities, with a liability-to-asset ratio of 26.9%.