WASION HOLDINGS (03393) Rises Over 3% as Brazilian Subsidiary Wins CPFL Project Worth Over RMB 80 Million

Stock News2025-12-22

WASION HOLDINGS (03393) surged more than 3%, reaching HK$16.86 by the time of writing, with a trading volume of HK$27.84 million. The company recently announced that its wholly-owned Brazilian subsidiary, Wasion da Amazonia Industria de Instrumentos Electronicos S.A., secured the CPFL project in December 2025, with a contract value exceeding RMB 80 million. CPFL is a leading player in Brazil's power sector, ranking as the country's second-largest integrated utility group, serving over 10 million customers. Its operations span the entire energy value chain, including generation, transmission, distribution, and commercialization, making it a key provider of comprehensive energy solutions in the region.

Additionally, a research report dated December 17 highlighted that since initial coverage in June this year, WASION HOLDINGS' stock price has surged 124.5%. Despite this growth, the report suggests further upside potential, citing stronger-than-expected demand from AIDC (Artificial Intelligence Data Center) clients for the company's smart power distribution services. This is expected to drive significant order growth in FY26. The company's expansion from traditional industrial segments into advanced technology sectors also supports a higher valuation.

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