COMPANY RESEARCH

WuXi XDC

Provides ADC and other bioconjugate discovery, process development, and GMP manufacturing, including antibody intermediates and payload-linker capabilities.

Company at a glance

Corporate information

Company entity
药明合联 / WuXi XDC(listed group)
Headquarters / principal office
No verified public location identified
Founded
2020 (listed parent); 2021 (joint venture launch) ↗
Ownership / capital status
Publicly tradedPublicly traded (HKEX:02268) ↗ ↗
Official corporate reference
https://wuxixdc.com/ ↗ ↗
LinkedIn company page
LinkedIn ↗ ↗

Profile review: 2026-11-04 · Fields retain their individual source dates. Undisclosed values are not zero; early or historical events do not establish the latest financing. Awards and acquisitions are distinguished from equity rounds.

Public financial snapshot

Amounts retain their original currency and units. Consolidated group revenue is not standalone CRO/CDMO service revenue. Year-to-date periods are not standalone quarters.

PeriodCurrency / basisRevenueNet profitOperating cash flowReport
FY2025
2025-12-31
CNY
IFRS / consolidated
5,944,245,0001,480,496,000
Net income/(loss) attributable to owners of the parent
1,782,921,000Original ↗
2026H1
2026-06-30
CNY
IFRS / consolidated / unaudited interim
3,701,378,000819,281,000
Net income/(loss) attributable to owners of the parent
1,187,063,000Original ↗
FY2025 · Reporting notes
  • Consolidated group financials; not standalone CRO/CDMO segment revenue.
  • Source unit: CNY thousands; multiplied by 1000 to show absolute amounts.
  • Year-over-year changes were calculated from current/prior-period source amounts and rounded to two decimals. Conventional earnings growth is not shown for a negative prior-period base or a change from profit to loss.
  • Separately listed bioconjugate CRDMO controlled by WuXi Biologics; revenue overlaps with WuXi Biologics consolidated revenue.
  • H1 2026 includes part of the post-acquisition results of TOT BIOPHARM. Reported group revenue growth was 37.0%; the company separately presents figures excluding TOT BIOPHARM and constant-currency metrics. This record uses reported results at actual exchange rates.
2026H1 · Reporting notes
  • Consolidated group financials; not standalone CRO/CDMO segment revenue.
  • Source unit: CNY thousands; multiplied by 1000 to show absolute amounts.
  • Year-over-year changes were calculated from current/prior-period source amounts and rounded to two decimals. Conventional earnings growth is not shown for a negative prior-period base or a change from profit to loss.
  • Separately listed bioconjugate CRDMO controlled by WuXi Biologics; revenue overlaps with WuXi Biologics consolidated revenue.
  • H1 2026 includes part of the post-acquisition results of TOT BIOPHARM. Reported group revenue growth was 37.0%; the company separately presents figures excluding TOT BIOPHARM and constant-currency metrics. This record uses reported results at actual exchange rates.

Disease tags match recorded text mentions and require program-level verification.

Technology, programs & evidence

Provides ADC and other bioconjugate discovery, process development, and GMP manufacturing, including antibody intermediates and payload-linker capabilities.

Listed as HKEX 02268; original 2025 annual and 2026H1 reports reviewed.

Program / serviceTarget / indicationRepresentative stageEvidence & scope
Bioconjugate CRDMONot applicable (services/platform) · Drug research and manufacturing services for clientsServices / platformNot applicable: service capabilities are not clinical drug candidates; E4 does not rate service quality.

Related news & literature

Company-name matches are discovery leads; verify entity identity and transaction roles in the original source.

No cataloged update explicitly mentions this company.

Same-field reading (not company-specific)
Fresenius

Fresenius gains development options on up to 37 WuXi Biologics biosimilar candidates

Fresenius signed an exclusive development agreement with WuXi Biologics providing access to up to 37 biosimilar candidates over the next decade. Initial work is expected to focus on polatuzumab vedotin and teprotumumab biosimilars. Fresenius retains selection flexibility and commercialization economics; the candidate count is an option-based opportunity, not 37 approved products.

百奥赛图 / 巨潮资讯 CNinfo

Biocytogen reports nine-month revenue growth of 49.09%

Biocytogen reported consolidated revenue of RMB1.403 billion, up 49.09%, and attributable net income of RMB312.4 million for the nine months ended September 30, 2026. Attributable net income increased 173.77%. The group combines animal models, research services, and antibody licensing activities. The quarterly filing is unaudited and covers the year-to-date period.

药石科技 / 巨潮资讯 CNinfo

PharmaBlock Sciences reports nine-month revenue growth of 15.16%

PharmaBlock Sciences reported consolidated revenue of RMB1.634 billion, up 15.16%, and attributable net income of RMB151.2 million for the nine months ended September 30, 2026. Attributable net income rose 33.36%, while net cash from operations declined 53.75% over the same period. The quarterly filing is unaudited and covers the year-to-date period.

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Sources & open questions

  • Financials are consolidated figures for the listed group. Revenue by service line, available capacity, and project fit require further verification at the segment and operating-entity levels.
  • Consolidated figures overlap with those of the listed controlling parent. The entities may be compared independently but must not be added when estimating industry totals.
  1. 2025年度报告 ↗药明合联生物技术有限公司 / WuXi XDC · 2026-04-24
  2. 2026中期报告 ↗药明合联生物技术有限公司 / WuXi XDC · 2026-09-18
  3. 公司官网 / About / 发展历程 ↗药明合联 / WuXi XDC(上市集团) · Not stated
  4. Company LinkedIn 页面 ↗LinkedIn / 药明合联 / WuXi XDC(上市集团) · Not stated
  5. WuXi XDC ↗药明合联 / WuXi XDC(listed group) · Accessed 2026-11-04; undated unless stated

Inclusion is not endorsement or partner qualification. Assess company claims, clinical evidence, and project-specific capabilities separately.

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