Wasion Holdings Limited (3393) AI Stock Analysis

• Market Cap: HK$8.64B
• Dividend Yield: 4.33%
• Average Volume (3M): 1.72M
• Price to Earnings (P/E): 11.3
• Beta (1Y): 0.52
• Revenue Growth: 18.17%
• EPS Growth: 33.08%
• Country: HK
• Employees: 5,280
• Sector: Industrials
• Sector Strength: 83
• Industry: Electrical Equipment & Parts
• EPS (TTM): 0.41
• Shares Outstanding: 995,879,700
• 10 Day Avg. Volume: 1,249,424
• 30 Day Avg. Volume: 1,717,547
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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$9.50
• Price Target Upside: 8.32% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 76 Outperform
• Price Target: HK$9.50 ▲(8.32% Upside)

Wasion Holdings Limited demonstrates a robust financial performance with strong revenue and profit growth, complemented by a solid balance sheet. The stock is attractively valued with a competitive dividend yield. Technical indicators present a mixed outlook, slightly dampening the overall score.

Wasion Holdings Limited Business Overview & Revenue Model

Company Description

Wasion Holdings Limited (3393) is a leading provider of energy measurement and energy efficiency management solutions. The company operates in sectors such as smart metering, advanced metering infrastructure, and energy management systems. Its core products and services include smart meters, data collection terminals, and energy management software tailored for electricity, water, and gas utilities.

How the Company Makes Money

Wasion Holdings Limited makes money through the sale of its smart metering products and energy management solutions to utility companies and infrastructure developers. The company's key revenue streams include the manufacturing and distribution of smart meters, data collection devices, and energy management software. Additionally, Wasion Holdings engages in system integration projects and provides related services, which contribute to its earnings. Significant partnerships with utility companies and government projects for smart grid and energy efficiency initiatives further bolster its revenue.

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. The company's financial statements reflect resilience and growth potential.

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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	8.72B	7.25B	5.86B	4.59B	3.95B
Gross Profit	3.04B	2.58B	1.93B	1.50B	1.25B
EBITDA	1.21B	971.22M	646.84M	469.67M	393.71M
Net Income	705.61M	521.23M	323.80M	268.08M	231.19M
Balance Sheet
Total Assets	15.73B	13.88B	13.03B	12.67B	11.27B
Cash, Cash Equivalents and Short-Term Investments	2.84B	2.96B	2.10B	2.58B	2.54B
Total Debt	2.62B	2.52B	4.12B	2.85B	2.30B
Total Liabilities	8.41B	7.10B	6.90B	6.59B	5.59B
Stockholders Equity	5.43B	5.17B	4.66B	4.63B	4.52B
Cash Flow
Free Cash Flow	404.46M	932.01M	616.89M	34.97M	89.08M
Operating Cash Flow	926.80M	1.50B	863.23M	251.62M	187.29M
Investing Cash Flow	-171.05M	-515.79M	-678.19M	-462.57M	-554.39M
Financing Cash Flow	-533.54M	-480.01M	-718.77M	443.86M	591.83M

Wasion Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 8.77
• 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 8.77 is below the 20-day moving average (MA) of 9.00, above the 50-day MA of 8.26, and above the 200-day MA of 7.31, indicating a neutral trend. The MACD of 0.05 indicates Positive momentum. The RSI at 48.93 is Neutral, neither overbought nor oversold. The STOCH value of 28.82 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
3393	76 Outperform	HK$8.64B	11.33	13.34%	4.33%	18.17%	33.08%
0842	67 Neutral	HK$2.72B	4.25	12.91%	5.76%	17.69%	3.08%
1979	67 Neutral	HK$2.11B	5.50	21.87%	5.46%	11.66%	16.73%
1729	66 Neutral	HK$20.42B	45.12		0.24%	―	―
Sector *	58 Neutral	HK$13.23B	4.28	-2.97%	5.82%	2.91%	-48.85%
1608	50 Neutral	€1.94B	―	-13.31%	―	1.52%	95.42%
2188	47 Neutral	HK$410.31M	―	-7.76%	―	4.07%	-9.63%

Wasion Holdings Limited Corporate Events

Willfar Information Technology Sees Revenue and Profit Growth in H1 2025

Willfar Information Technology Company Limited, majority-owned by Wasion Holdings Limited, reported an 11.88% increase in revenue and a 12.13% rise in profit for the first half of 2025 compared to the same period in 2024. Despite the growth in financial performance, shareholders and investors are cautioned that the unaudited financial information is limited to Willfar Information Technology’s operations and does not provide a comprehensive view of the entire group’s business activities.

Wasion Holdings Expands Global Reach with Major Smart Meter Contracts

Wasion Holdings Limited announced significant contract wins with the Federal Electricity Commission of Mexico and Tanzania Electric Supply Company Limited for the supply of smart meters. These contracts, valued at over MXN2,080.32 million and RMB61 million respectively, underscore the company’s successful international expansion and recognition in the global smart metering market.

Wasion Holdings Limited Changes Hong Kong Share Registrar

Wasion Holdings Limited has announced a change in its Hong Kong Share Registrar and Transfer Office, effective from 28 July 2025, to Tricor Investor Services Limited. This change will affect the application process for registration and transfer of shares, which will now be handled by Tricor, potentially streamlining operations and impacting stakeholders involved in share management.

Wasion Holdings Secures Major Contracts in State Grid Tender

Wasion Holdings Limited announced that its subsidiary, Wasion Group Limited, has won significant contracts in the State Grid Corporation of China’s first tender for 2025, securing orders for 786,000 smart meters and other equipment valued at approximately RMB185.71 million. Additionally, another subsidiary, Willfar Information Technology Company Limited, secured contracts for special transformer data collection terminals worth RMB46.83 million. The company emerged as the top contractor in terms of total contract value in this tender, highlighting its strong market position and potential positive impact on its operations and stakeholder interests.

Wasion Holdings Limited Announces Board Composition and Roles

Wasion Holdings Limited has announced the composition of its board of directors, highlighting the roles and functions of each member. This announcement provides clarity on the leadership structure and governance of the company, which may have implications for its strategic direction and operational oversight.

Wasion Holdings Announces Board Changes with New Director Appointment

Wasion Holdings Limited has announced changes in its board of directors, with Mr. Luan Wenpeng retiring from his position as an independent non-executive director to focus on other endeavors. The company has appointed Mr. Jiang Xinjian, an accomplished academic and researcher in electrical engineering, as the new independent non-executive director. Mr. Jiang’s extensive experience in power electronics and energy conversion is expected to bring valuable insights to the company, potentially enhancing its strategic positioning within the industry.

Wasion Holdings Secures Shareholder Approval for Key Resolutions

Wasion Holdings Limited announced that all resolutions proposed at its Annual General Meeting on May 15, 2025, were approved by shareholders. The resolutions included the adoption of financial statements, declaration of a final dividend, re-election of directors, and granting of mandates to directors for share repurchase and issuance. This successful meeting reflects strong shareholder support and positions the company for continued governance and operational stability.