Wasion’s Unit Willfar Lifts Q1 Profit Despite Revenue Dip

The latest announcement is out from Wasion Holdings Limited ( (HK:3393) ).

Willfar Information Technology Company Limited, 59.55% owned by Wasion Holdings Limited and listed on the Shanghai Stock Exchange’s science and technology innovation board, reported a mild top-line decline but stronger profitability in the first quarter of 2026. Revenue for the three months to 31 March 2026 slipped 4.24% year on year to RMB 531.9 million, while profit and net profit attributable to equity owners rose 6.40% to RMB 148.3 million.

Total assets edged up 2.91% over the end of 2025 to RMB 5.86 billion, and equity attributable to shareholders of Willfar Information Technology was broadly stable, underscoring a solid balance sheet despite softer sales. As these unaudited figures are prepared under PRC accounting standards and only cover Willfar and its controlled subsidiary, Wasion cautioned investors that they do not reflect the full performance of the wider group and advised prudence when trading its shares.

More about Wasion Holdings Limited

Wasion Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong, is an investment holding company with a controlling stake in Willfar Information Technology Company Limited. Willfar Information Technology, listed on Shanghai’s STAR Market, operates in China’s technology and smart metering or information solutions space, and its results are consolidated into Wasion’s group financials.

Average Trading Volume: 6,396,444

Technical Sentiment Signal: Buy

Current Market Cap: HK$29.08B

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