Wasion Holdings Limited (3393) AI Stock Analysis

• Market Cap: HK$9.14B
• Dividend Yield: 0.52%
• Average Volume (3M): 1.75M
• Price to Earnings (P/E): 12.0
• Beta (1Y): 0.48
• Revenue Growth: 18.17%
• EPS Growth: 33.08%
• Country: HK
• Employees: 5,280
• Sector: Industrials
• Sector Strength: 93
• Industry: Electrical Equipment & Parts
• EPS (TTM): 0.41
• Shares Outstanding: 995,879,700
• 10 Day Avg. Volume: 1,722,015
• 30 Day Avg. Volume: 1,749,429
• PEG Ratio: 1.08
• Price to Book (P/B): 1.54
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -29.29
• 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$8.50
• Price Target Upside: -9.19% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 72 Outperform
• Price Target: HK$10.50 ▲(12.18%Upside)

The stock is strongly supported by its solid financial performance, characterized by robust revenue growth and profitability. Technical analysis indicates strong momentum but warns of overbought conditions, suggesting caution. The valuation metrics are favorable, offering a reasonable P/E ratio and attractive dividend yield. The absence of earnings call data and corporate events reduces the depth of the overall analysis.

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 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: 9.36
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• 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 9.36 is above the 20-day moving average (MA) of 8.93, above the 50-day MA of 8.08, and above the 200-day MA of 7.18, indicating a bullish trend. The MACD of 0.41 indicates Negative momentum. The RSI at 68.40 is Neutral, neither overbought nor oversold. The STOCH value of 68.51 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	72 Outperform	HK$9.14B	11.99	13.34%	0.52%	18.17%	33.08%
Sector *	65 Neutral	$11.16B	15.86	5.39%	1.92%	3.11%	-24.90%
2V3	―	€199.05M	―	-13.31%	―	―	―
1979	67 Neutral	HK$2.04B	5.31	21.87%	5.66%	11.66%	16.73%
0842	67 Neutral	HK$3.01B	4.70	12.91%	2.15%	17.69%	3.08%
1729	66 Neutral	HK$17.70B	39.12		0.25%	―	―
2188	47 Neutral	HK$417.77M	―	-7.76%	―	4.07%	-9.63%

Wasion Holdings Limited Corporate Events

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.

Wasion Holdings Reports Strong Q1 2025 Results for Willfar Information Technology

Wasion Holdings Limited announced the unaudited financial results of its subsidiary, Willfar Information Technology, for the first quarter of 2025. The company reported a 23.96% increase in revenue and a 25.48% rise in profit compared to the same period in 2024. Despite a slight increase in total assets, equity attributable to equity owners decreased by 5.61%. Stakeholders are advised to exercise caution as the results are unaudited and limited to Willfar’s operations.