WUXI XDC (02268) saw its shares rise more than 6% again. At the time of writing, the stock was up 6.35%, trading at HK$58.65 with a turnover of HK$169 million. The move follows the company's recent announcement that its board has resolved to utilize up to US$100 million of internal funds to repurchase its shares in the open market through a professional trustee. The company stated that the current trading price of its shares does not reflect their intrinsic value or actual business prospects. Notably, WUXI XDC's total backlog of orders as of the end of 2025 stood at US$1.489 billion, representing a year-on-year increase of 50.3%. This robust backlog provides a solid foundation for future performance. In a previous research report, CLSA noted that WUXI XDC has reaffirmed its target for a compound annual revenue growth rate of 30% to 35% from 2025 to 2030, with a CMO portfolio target of 20% by 2030 and a 50% growth in its order backlog for 2025. The brokerage believes these factors enhance the company's earnings visibility.