Wasion Holdings Limited (3393) AI Stock Analysis

• Market Cap: HK$13.83B
• Dividend Yield: 2.71%
• Average Volume (3M): 2.46M
• Price to Earnings (P/E): 15.8
• Beta (1Y): 0.57
• Revenue Growth: 20.33%
• EPS Growth: 27.05%
• Country: HK
• Employees: 5,280
• Sector: Industrials
• Sector Strength: 72
• Industry: Electrical Equipment & Parts
• EPS (TTM): 0.49
• Shares Outstanding: 995,879,700
• 10 Day Avg. Volume: 1,933,748
• 30 Day Avg. Volume: 2,456,420
• PEG Ratio: 0.28
• Price to Book (P/B): 1.22
• Price to Sales (P/S): 0.76
• P/FCF Ratio: 16.41
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$14.89
• Price Target Upside: 6.05% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 75 Outperform
• Price Target: HK$16.00 ▲(13.96% Upside)

Wasion Holdings Limited demonstrates strong financial performance with robust revenue and profit growth, efficient cost management, and a stable financial position. The technical analysis supports a bullish outlook with positive momentum indicators. The valuation is reasonable, with a fair P/E ratio and a modest dividend yield, making the stock attractive for both growth and income investors.

Positive Factors

Revenue Growth

The company's strong revenue growth indicates successful market penetration and demand for its products, supporting long-term business expansion.

Profitability

Sustained high profit margins reflect effective cost control and pricing power, enhancing the company's competitive position and profitability.

Cash Generation

Strong cash generation relative to net income ensures liquidity and financial flexibility, supporting ongoing operations and strategic investments.

Negative Factors

Missing Cash Flow Data

Lack of updated cash flow data for 2024 hinders comprehensive assessment of cash management, potentially obscuring financial health insights.

Leverage Levels

While leverage is manageable, maintaining moderate debt levels is crucial to avoid financial strain and ensure long-term stability.

Equity Ratio

A relatively low equity ratio could indicate potential vulnerability to financial downturns, necessitating careful capital management.

Wasion Holdings Limited Business Overview & Revenue Model

Company Description

Wasion Holdings Limited, an investment holding company, researches, develops, produces, and sells energy metering and energy efficiency management solutions for energy supply industries in the People's Republic of China, Africa, South America, Europe, rest of Asia, the Middle East, and internationally. The company operates through three segments: Power Advanced Metering Infrastructure, Communication and Fluid Advanced Metering Infrastructure, and Advanced Distribution Operations. It offers smart meters, smart water meters, smart gas meters, and ultrasonic calorimeters; various meters and power quality monitoring devices; energy data collection terminals, load management terminals, and user management devices; and measurement automation systems and various application systems, services, and energy data mining, as well as system solution services, communication terminals, and heat meters. The company also offers high voltage switchgears, smart switchgears, circuit breakers, power distribution automation terminals, electrical and electronic devices for power quality control, and smart distribution systems, as well as engineering, energy-saving services, etc. In addition, it provides smart power distribution devices and energy efficiency solution services; and single-phase and three-phase power meters, as well as develops, manufactures, sells, and trades in electronic components. The company was formerly known as Wasion Group Holdings Limited and changed its name to Wasion Holdings Limited in June 2018. The company was founded in 2000 and is headquartered in Sheung Wan, Hong Kong. Wasion Holdings Limited is a subsidiary of Star Treasure Investments Holdings Limited.

How the Company Makes Money

Wasion Holdings generates revenue primarily through the sale of its metering products and systems, which includes smart meters and data management software. The company also earns income from providing installation and maintenance services for its products. Key revenue streams include contracts with utility companies and government agencies for large-scale metering projects, as well as collaborations with partners in the energy sector for developing and deploying smart energy solutions. Additionally, ongoing demand for smart city initiatives and energy efficiency upgrades contributes to Wasion's earnings, as utilities and municipalities invest in modernizing their infrastructure.

Wasion Holdings Limited Financial Statement Overview

Summary

Wasion Holdings Limited exhibits strong financial health with consistent revenue and profit growth. The company maintains a balanced leverage profile and demonstrates efficient cost and cash management. Despite some missing cash flow data for 2024, historical trends suggest a stable financial trajectory.

Income Statement

Wasion Holdings Limited demonstrates robust revenue growth, with a notable increase of 20.2% from 2023 to 2024. Gross profit margins are strong, maintaining 34.8% in 2024, indicating efficient cost management. The net profit margin has improved to 8.1%, showcasing enhanced profitability. EBIT and EBITDA margins are healthy at 12.5% and 13.9%, respectively, suggesting effective operational performance.

Balance Sheet

The company maintains a solid equity base with an equity ratio of 34.5%, reflecting financial stability. The debt-to-equity ratio is moderate at 48.3%, indicating manageable leverage levels. Return on equity has improved to 13%, demonstrating increased efficiency in generating profits from equity. Overall, the balance sheet reflects a strong financial position with adequate liquidity.

Cash Flow

Free cash flow growth is not available for 2024, limiting analysis on cash flow improvements. The operating cash flow to net income ratio was significant in 2023 at 2.87, indicating strong cash generation relative to net income, though operating cash flow data for 2024 is missing. The free cash flow to net income ratio was 1.79 in 2023, showing efficient cash conversion. Despite missing data for 2024, historical cash flow metrics exhibit sound cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	9.37B	8.72B	7.25B	5.86B	4.59B	3.95B
Gross Profit	3.25B	3.04B	2.58B	1.93B	1.50B	1.25B
EBITDA	1.34B	1.21B	971.22M	646.84M	469.67M	393.71M
Net Income	814.23M	705.61M	521.23M	323.80M	268.08M	231.19M
Balance Sheet
Total Assets	16.02B	15.73B	13.88B	13.03B	12.67B	11.27B
Cash, Cash Equivalents and Short-Term Investments	2.53B	2.84B	2.96B	2.10B	2.58B	2.54B
Total Debt	2.69B	2.62B	2.52B	2.68B	2.85B	2.30B
Total Liabilities	8.60B	8.41B	7.10B	6.90B	6.59B	5.59B
Stockholders Equity	5.57B	5.43B	5.17B	4.66B	4.63B	4.52B
Cash Flow
Free Cash Flow	839.35M	404.46M	932.01M	616.89M	34.97M	89.08M
Operating Cash Flow	1.01B	926.80M	1.50B	863.23M	251.62M	187.29M
Investing Cash Flow	193.20M	-171.05M	-515.79M	-678.19M	-462.57M	-554.39M
Financing Cash Flow	-517.49M	-533.54M	-480.01M	-718.77M	443.86M	591.83M

Wasion Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 14.04
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3393, the sentiment is Positive. The current price of 14.04 is above the 20-day moving average (MA) of 13.86, above the 50-day MA of 13.15, and above the 200-day MA of 9.46, indicating a bullish trend. The MACD of 0.13 indicates Positive momentum. The RSI at 55.41 is Neutral, neither overbought nor oversold. The STOCH value of 78.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3393.

Wasion Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1979	76 Outperform	HK$2.29B	5.45	22.34%	5.70%	18.32%	14.06%
3393	75 Outperform	HK$13.83B	15.79	15.02%	2.71%	20.33%	27.05%
0842	71 Outperform	HK$2.08B	4.47	9.11%	6.32%	13.14%	-28.26%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
1729	57 Neutral	HK$31.96B	56.53	32.21%	0.18%	―	―
1608	41 Neutral	€1.53B	-20.72	-4.59%	―	>-0.01%	98.32%
2188	40 Underperform	HK$350.63M	-7.12	-8.16%	―	-0.84%	42.31%

Wasion Holdings Limited Corporate Events

Wasion Holdings’ Subsidiary Reports Revenue and Profit Growth

Willfar Information Technology Company Limited, a subsidiary of Wasion Holdings Limited, reported an 8.80% increase in revenue and a 12.18% rise in profit for the nine months ended 30 September 2025 compared to the previous year. The financial results, which are unaudited and prepared according to PRC accounting standards, reflect the company’s growth in assets and profitability, although shareholders are advised to exercise caution as these figures do not represent the entire group’s operations.

The most recent analyst rating on (HK:3393) stock is a Buy with a HK$11.50 price target. To see the full list of analyst forecasts on Wasion Holdings Limited stock, see the HK:3393 Stock Forecast page.

Wasion Holdings Clarifies Share Option Scheme Details in 2024 Annual Report

Wasion Holdings Limited has provided additional information regarding its Share Option Scheme, which was adopted in 2016. As of the end of 2024, the company had 101,688,167 options available for grant under the scheme, representing approximately 10.21% of its issued shares. This announcement highlights the company’s strategic use of share options to potentially enhance stakeholder value and align employee incentives with company performance.

The most recent analyst rating on (HK:3393) stock is a Buy with a HK$11.50 price target. To see the full list of analyst forecasts on Wasion Holdings Limited stock, see the HK:3393 Stock Forecast page.

Wasion Holdings Secures Major Contracts in State Grid Tender

Wasion Holdings Limited announced that its subsidiaries, Wasion Group Limited and Willfar Information Technology Company Limited, have secured significant contracts in the State Grid Corporation of China’s second tender for 2025. The contracts, totaling approximately RMB165.44 million, include the supply of smart meters, low-voltage current transformers, and intelligent fusion terminals. This achievement positions Wasion Holdings as a leading supplier in the tender, with a cumulative contract value of approximately RMB397.98 million for the year, enhancing its market presence and operational growth.

The most recent analyst rating on (HK:3393) stock is a Buy with a HK$11.50 price target. To see the full list of analyst forecasts on Wasion Holdings Limited stock, see the HK:3393 Stock Forecast page.

Wasion Holdings Secures Major Contracts in Southern Grid Tender

Wasion Holdings Limited announced that its subsidiaries, Wasion Group Limited and Willfar Information Technology Company Limited, have secured significant contracts in the first framework tender for metering equipment by China Southern Power Grid Co., Ltd. The contracts, totaling approximately RMB370.13 million, highlight Wasion’s strong market position and its ability to secure major deals, reinforcing its leadership in the industry.

The most recent analyst rating on (HK:3393) stock is a Buy with a HK$11.50 price target. To see the full list of analyst forecasts on Wasion Holdings Limited stock, see the HK:3393 Stock Forecast page.

Wasion Holdings Limited Reports Strong Interim Results with 17% Turnover Growth

Wasion Holdings Limited reported a 17% increase in turnover for the first half of 2025, reaching RMB4,390.41 million. The company saw significant growth in its Power AMI segment with a 30% increase in revenue, while the Communication and Fluid AMI and ADO segments grew by 13% and 6%, respectively. Net profit attributable to owners rose by 33% to RMB439.65 million. Despite these positive results, the board did not recommend an interim dividend, reflecting a strategic decision to reinvest profits into the business, potentially strengthening its market position and future growth prospects.

The most recent analyst rating on (HK:3393) stock is a Buy with a HK$9.50 price target. To see the full list of analyst forecasts on Wasion Holdings Limited stock, see the HK:3393 Stock Forecast page.

Wasion Holdings Schedules Board Meeting for Interim Results

Wasion Holdings Limited, a company incorporated in the Cayman Islands, has announced a board meeting scheduled for August 26, 2025. The meeting will focus on reviewing and approving the unaudited interim results for the first half of 2025, which may impact the company’s financial transparency and stakeholder confidence.