Wasion Holdings Limited (HK:3393)
:3393
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Wasion Holdings Limited
(3393)
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Rating:68Neutral
Price Target:
HK$27.00
▲(50.17% Upside)
Action:ReiteratedDate:04/29/26
The score is primarily driven by solid fundamentals (strong profitability improvement and healthier leverage) tempered by uneven cash-flow consistency. Technicals are a secondary drag due to weaker near-term trend versus the 20/50-day averages, while valuation is supportive with a moderate P/E and modest yield.
Positive Factors
Multi-year revenue and margin improvement
Sustained revenue growth and materially higher net margins over several years indicate structural demand for metering and grid solutions and improving operational leverage. This combination supports durable earnings power if the company maintains product mix and execution across utility tender cycles.
Negative Factors
Volatile free cash flow
Year-to-year swings in free cash flow reduce predictability of internal funding for projects, dividends, or debt paydown. Volatility can constrain strategic flexibility and increases reliance on steady earnings and working-capital management to maintain balance-sheet improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue and margin improvement
Sustained revenue growth and materially higher net margins over several years indicate structural demand for metering and grid solutions and improving operational leverage. This combination supports durable earnings power if the company maintains product mix and execution across utility tender cycles.
Read all positive factors
Wasion Holdings Limited (3393) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$29.08B
Dividend Yield2.24%
Average Volume (3M)2.46M
Price to Earnings (P/E)14.8
Beta (1Y)0.70
Revenue Growth15.73%
EPS Growth49.88%
CountryHK
Employees5,280
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)0.71
Shares Outstanding1,045,879,600
10 Day Avg. Volume1,933,748
30 Day Avg. Volume2,456,420
Financial Highlights & Ratios
PEG Ratio0.32
Price to Book (P/B)2.45
Price to Sales (P/S)1.56
P/FCF Ratio19.76
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$38.38Price Target Upside113.46% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)1.4
Revenue Forecast (FY)HK$12.78B
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, Eur...
How the Company Makes Money
Wasion primarily makes money by selling energy measurement and grid-related products and solutions to customers, with revenue recognized from delivering manufactured hardware and completing solution/system projects. Key revenue streams typically i...
Wasion Holdings Limited Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
78
Positive
Cash Flow
63
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 9.81B | 8.72B | 7.25B | 5.86B | 4.59B |
| Gross Profit | 3.48B | 3.04B | 2.58B | 1.93B | 1.50B |
| EBITDA | 1.88B | 1.21B | 971.22M | 646.84M | 469.67M |
| Net Income | 1.03B | 705.61M | 521.23M | 323.80M | 268.08M |
Balance Sheet | |||||
| Total Assets | 17.59B | 15.73B | 13.88B | 13.03B | 12.67B |
| Cash, Cash Equivalents and Short-Term Investments | 3.43B | 2.84B | 2.96B | 2.10B | 2.58B |
| Total Debt | 2.51B | 2.62B | 2.52B | 2.68B | 2.85B |
| Total Liabilities | 9.27B | 8.41B | 7.10B | 6.90B | 6.59B |
| Stockholders Equity | 6.24B | 5.43B | 5.17B | 4.66B | 4.63B |
Cash Flow | |||||
| Free Cash Flow | 773.48M | 404.46M | 932.01M | 616.89M | 34.97M |
| Operating Cash Flow | 1.41B | 926.80M | 1.50B | 863.23M | 251.62M |
| Investing Cash Flow | -427.42M | -171.05M | -515.79M | -678.19M | -462.57M |
| Financing Cash Flow | -823.22M | -533.54M | -480.01M | -718.77M | 443.86M |
Wasion Holdings Limited Technical Analysis
Positive
17.98
Price Trends
27.77
Positive
22.61
Positive
16.75
Positive
Market Momentum
1.27
Negative
63.27
Neutral
86.38
Negative
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 17.98 is below the 20-day moving average (MA) of 29.61, below the 50-day MA of 27.77, and above the 200-day MA of 16.75, indicating a bullish trend. The MACD of 1.27 indicates Negative momentum. The RSI at 63.27 is Neutral, neither overbought nor oversold. The STOCH value of 86.38 is Negative, 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | HK$2.44B | 5.82 | 18.00% | 5.75% | 3.21% | -0.86% | |
68 Neutral | HK$29.08B | 14.82 | 17.75% | 2.24% | 15.73% | 49.88% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | HK$47.44B | 138.10 | 4.37% | 0.17% | 67.95% | 73.01% | |
52 Neutral | HK$1.49B | -14.37 | -3.73% | 6.40% | -34.79% | -130.42% | |
42 Neutral | HK$193.96M | -7.46 | -6.18% | ― | 5.07% | 28.18% | |
40 Underperform | HK$747.45M | -4.57 | -4.59% | ― | -20.90% | 13.47% |
* Industrials Sector Average
HK:3393
Wasion Holdings Limited
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Wasion Holdings Limited Corporate Events
Wasion Wins RMB115 Million Smart Metering Contracts in Pakistan
Apr 27, 2026
Wasion Holdings has announced that its subsidiary Wasion Group Limited won bids in April 2026 to supply smart metering products and supporting services in Pakistan, securing contracts worth more than RMB115 million. The win underscores the group&#...
Wasion Sets 2026 AGM to Approve Dividend, Board Changes and Capital Mandates
Apr 22, 2026
Wasion Holdings has called its annual general meeting for 15 May 2026 in Hong Kong, where shareholders will review the directors’ report, audited financial statements and auditor’s report for the year ended 31 December 2025. The board ...
Wasion Plans HK$1.5 Billion Top-Up Share Placing and Subscription
Apr 20, 2026
Wasion Holdings Limited has entered into a placing and subscription agreement involving a top-up placing of up to 50,000,000 existing shares and a matching subscription of up to 50,000,000 new shares at HK$30.00 per share. Each tranche represents ...
Wasion Wins Leading Share of State Grid Smart Meter Tender
Mar 31, 2026
Wasion Holdings Limited announced that its subsidiary, Wasion Group Limited, has secured significant contracts in the State Grid Corporation of China’s 2026 special tender for metering equipment. The group won orders for about 462,000 smart ...
Wasion Profit Jumps 50% on Strong Growth in Digital and Smart Grid Businesses
Mar 26, 2026
Wasion Holdings Limited reported solid growth for the year ended 31 December 2025, with turnover rising 16% year-on-year to RMB10.07 billion and net profit attributable to shareholders surging 50% to RMB1.06 billion. The improvement was underpinne...
Wasion Holdings Declares Final HKD 0.48 Dividend for 2025
Mar 26, 2026
Wasion Holdings Limited has declared a final ordinary cash dividend of HKD 0.48 per share for the twelve-month period ended 31 December 2025, subject to shareholder approval to be announced. The dividend will be paid in Hong Kong dollars, with the...
Wasion Seeks Shareholder Approval to Adopt New Articles Allowing Use of Treasury Shares
Mar 26, 2026
Wasion Holdings Limited plans to revise its articles of association to align with recent changes to Hong Kong listing rules regarding treasury shares, enabling the group to hold repurchased shares as treasury stock and later sell or transfer them....
Wasion Wins Exclusive BRL138 Million Smart-Grid Contract with Brazil’s CEMIG
Mar 17, 2026
Wasion Holdings Limited has announced that its Brazilian subsidiary, Wasion Energia do Brasil Ltda, has won a public tender to become the exclusive supplier of reclosers to Companhia Energética de Minas Gerais, one of Brazil’s largest i...
Wasion Holdings Sets March 2026 Board Meeting to Approve 2025 Results and Consider Final Dividend
Mar 13, 2026
Wasion Holdings Limited has scheduled a board meeting for 26 March 2026 to review and approve the annual results of the company and its subsidiaries for the financial year ended 31 December 2025. The board will also consider the declaration of a f...
Wasion Flags 42%–50% Profit Surge for 2025 on Higher Sales and Cost Controls
Mar 6, 2026
Wasion Holdings Limited has issued a positive profit alert, indicating that based on preliminary unaudited figures, its consolidated net profit for the year ended 31 December 2025 is expected to rise to between RMB1,000 million and RMB1,060 millio...
Wasion’s Unit Willfar Posts Higher 2025 Revenue and Profit but Warns on Group Scope
Mar 2, 2026
Wasion Holdings has disclosed the 2025 audited results of its majority-owned subsidiary Willfar Information Technology, which reported revenue of RMB2.98 billion, up 8.48% year-on-year, and net profit attributable to equity owners of RMB666.27 mil...
Wasion Joins Hang Seng Composite Index and Plans Spin-Off of Digital Energy Unit
Feb 20, 2026
Wasion Holdings has been added as a constituent stock of the Hang Seng Composite Index, a move that will make its shares eligible for trading via the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect schemes. The inclusion is expected to lif...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.