WASION HOLDINGS (03393) saw its shares rise more than 8% during the trading session, reaching a new record high. At the time of writing, the stock was up 8.14% to HK$30.56, with a turnover of HK$140 million. The company reported its annual results, showing revenue of RMB 10.074 billion, a 16% year-on-year increase. Profit attributable to owners of the company was RMB 1.058 billion, up 49.98% compared to the previous year.
It was noted that the full-year performance exceeded expectations, primarily driven by the launch of new products such as relays and current transformers. Domestic smart grid business revenue outperformed meter bidding trends, and internal cost reduction efforts proved highly effective.
It was highlighted that the company secured contracts worth RMB 1.564 billion in the data center sector for 2025, representing a 99.5% year-on-year increase. Domestically, WASION HOLDINGS has successfully expanded its client base to include major cloud computing firms, internet companies, and colocation operators, while also winning procurement orders from telecommunications operators. Internationally, the company has deepened its collaboration with Day One, with order books reportedly full and scheduled through 2028-2029.
Additionally, the company has launched a new generation of electricity meters targeted at the North American market. It is viewed favorably that WASION HOLDINGS will leverage its manufacturing facility in Mexico to gradually promote its meters and power distribution products in North America.
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