WASION HOLDINGS (03393) rose more than 5% during the trading session. At the time of writing, the stock was up 4.67% to HK$28.22, with a turnover of HK$25.84 million.
The increase follows an announcement from WASION HOLDINGS stating that, according to the quarterly review results of the Hang Seng Index Series announced by Hang Seng Indexes Company Limited on February 13, 2026, the company will be included as a constituent of the Hang Seng Composite Index. The changes will be implemented after market close on Friday, March 6, 2026, and will take effect from Monday, March 9, 2026.
The Board of Directors believes that the inclusion in this major index fully demonstrates investor recognition of the company's value and growth potential. It is expected to attract broader market attention, thereby expanding the company's investor base and enhancing the liquidity of its shares.
Notably, WASION HOLDINGS recently announced that its non-wholly-owned subsidiary, WeiYuan Energy, part of its ADO business, has introduced strategic investor Boyu Investment. SDIC Securities (International) previously noted that WASION HOLDINGS holds approximately 65% of WeiYuan Energy.
Benefiting from the explosive growth of AI, demand for data centers domestically and overseas has entered a period of rapid expansion. The company has secured orders from strategic customers such as GDS and ByteDance and is actively pursuing large clients. For 2025, WASION HOLDINGS has already obtained data center orders totaling RMB 23 billion, with an expectation that RMB 10 billion will be recognized as revenue within the current year.
Analysts believe the company's data center business has the potential to double both orders and revenue next year, while the ADO business is entering a phase of explosive growth.
Comments