On December 4, WuXi Biologics lowered its 2023 revenue forecast, expecting full-year drug development revenue to decline by 18%-20% and manufacturing revenue to decline by 15%-18%. Not only that, WuXi Biologics has also sent cold winds to the entire CXO industry, which is expected to experience single-digit growth in the next two years.
As soon as the news came out, the entire CXO sector plummeted, and WuXi Biologics was in **23Trading was temporarily suspended after 79%, waiting for the market to digest the news. Hong Kong stocks Gloria Ying and Pharmaron fell more than 12%, and Tigermed and WuXi AppTec also fell sharply.
In the days since, WuXi Biologics continued**, even spending $1Under the protection of 9.5 billion Hong Kong dollars to repurchase 6.67 million shares (the total trading volume on the day was 51.16 million shares, and the repurchased shares accounted for 13%), it was still 2%.
WuXi Biologics' stock price has plummeted, and the most injured is of course the heavy position holding it.
The chart below shows the largest number of active equity public offerings held by WuXi Biologics at the end of Q3 2023**:
In this list, we see that the former "stock gods" Zhang Kun, Ge Lan, Liu Yanchun, etc. are impressively listed. With the sharp increase in WuXi Biologics' stock price, their already loss-making performance this year has been even worse.
Let's take a look at WuXi Biologics' stock price trend to see how Gülen and Zhang Kun became the gods of stocks, and how they stepped down from the altar and were scolded by everyone.
WuXi Biologics was founded in February 2014 and went public in June 2017 with an issue price of 20HK$6. In November 2020, each share was split into 3 shares, and we reviewed it in the form of "pre-resumption", which is equivalent to an issue price of 6HK$87 shares.
After listing (the pre-reinstated issue price is 6HK$87), and WuXi Biologics** is a minimum of 8HK$333, until September 2019, the stock price has been oscillating in the box of more than ten to twenty Hong Kong dollars. Since October 2019, with the excavation of CXO by Gülen and other stock gods, the stock price has started a vigorous ** journey, and the stock price has reached its peak in 2021, and in just over a year, the stock price has risen from more than 20 to 148, a full five-fold increase.
With the continuous development of Gelen Zhang Kun and others, the stock price has risen wildly, creating huge profits for Gelen Zhang Kun and others, and gradually establishing their image as a "stock god". And they made good use of the "god of stocks" effect, issued new **, raised huge funds, and continued to use new ** to continue to ** WuXi Biologics, so that WuXi Biologics' stock price rose 5 times in more than a year.
During the period when WuXi Biologics' stock price soared, managers such as Glenn Zhang Kun were quickly labeled as "stock gods", gained great fame and gained huge economic benefits.
When the stock price reached more than 100, WuXi Biologics' performance did not keep up, with a price-to-earnings ratio of nearly 200 (2021 earnings per share of 0.).81 Hong Kong dollars), no matter how much you hold together, you can't continue to maintain such a high **, so an avalanche of stock prices inevitably happened.
In more than two years, WuXi Biologics' share price has fallen from more than 140 in July 2021 to 29,** 80% now, and has fallen to the platform position before the stock price launch.
And through the commotion of the "stock gods", not only did not realize the benefits for many people, but brought them huge losses. The following figure is the business results of many stock gods in the past ten years.
We see that Gülen, known as the "goddess of medicine", has lost 23.4 billion in the past ten years, ranking first on the list, and has collected 3.3 billion in management fees while making huge losses. This is the true portrayal of the big A** industry.
Now, with the exposure of various shady scenes of Big A on the Internet, many shareholders have awakened, and we look back, the naked swimmers who bravely stood at the head of the tide are the former stock gods, which is really sad.
Now, do you still believe in their advocacy of "professional things are done by professional people", do you still dare to hand over your money to such a stock god to take care of you?