Wasion Holdings Limited (HK:3393)
:3393
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Wasion Holdings Limited
(3393)
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Rating:68Neutral
Price Target:
HK$22.00
▲(22.36% Upside)
Action:Reiterated
Date: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
Revenue & Margin Expansion
Multi-year revenue growth and meaningful margin expansion indicate structural demand improvement and operating leverage. Higher net and EBIT margins point to better pricing and cost control, strengthening durable earnings power to fund reinvestment, dividends and deleveraging over time.
Negative Factors
Volatile Cash Conversion
FCF volatility and the 7.8% decline in 2025 reduce predictability of internally available capital. Inconsistent cash conversion can constrain recurring investments, dividend stability and debt paydown plans, increasing reliance on sustained earnings and careful cash management.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Margin Expansion
Multi-year revenue growth and meaningful margin expansion indicate structural demand improvement and operating leverage. Higher net and EBIT margins point to better pricing and cost control, strengthening durable earnings power to fund reinvestment, dividends and deleveraging over time.
Read all positive factors
Wasion Holdings Limited (3393) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$20.80B
Dividend Yield2.24%
Average Volume (3M)2.46M
Price to Earnings (P/E)16.4
Beta (1Y)0.80
Revenue Growth15.73%
EPS Growth49.88%
CountryHK
Employees5,280
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)1.06
Shares Outstanding1,045,879,600
10 Day Avg. Volume1,933,748
30 Day Avg. Volume2,456,420
Financial Highlights & Ratios
PEG Ratio0.28
Price to Book (P/B)2.46
Price to Sales (P/S)1.52
P/FCF Ratio19.81
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$36.18Price Target Upside101.25% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)1.38
Revenue Forecast (FY)HK$12.72B
Wasion Holdings Limited Business Overview & Revenue Model
Company Description
Wasion Holdings Limited, an investment holding firm, specializes in the research, development, manufacturing, and distribution of comprehensive solutions for energy measurement and enhancing energy efficiency. These offerings primarily serve the e...
How the Company Makes Money
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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 | 10.07B | 8.72B | 7.25B | 5.86B | 4.59B |
| Gross Profit | 3.60B | 3.04B | 2.58B | 1.93B | 1.50B |
| EBITDA | 1.80B | 1.21B | 971.22M | 646.84M | 469.67M |
| Net Income | 1.06B | 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
Negative
17.98
Price Trends
24.52
Negative
25.65
Negative
20.03
Positive
Market Momentum
-0.97
Negative
39.38
Neutral
24.80
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3393, the sentiment is Negative. The current price of 17.98 is below the 20-day moving average (MA) of 21.53, below the 50-day MA of 24.52, and below the 200-day MA of 20.03, indicating a neutral trend. The MACD of -0.97 indicates Negative momentum. The RSI at 39.38 is Neutral, neither overbought nor oversold. The STOCH value of 24.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
82 Outperform | HK$2.11T | 21.76 | 22.82% | 0.21% | 30.08% | ― | |
68 Neutral | HK$20.80B | 16.44 | 17.92% | 2.24% | 15.73% | 49.88% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
53 Neutral | HK$1.44B | -7.67 | -3.73% | 6.40% | -34.79% | -130.42% | |
51 Neutral | HK$377.06M | -6.61 | -16.83% | ― | -15.04% | 71.02% | |
49 Neutral | HK$40.76B | 21.92 | 4.52% | ― | 60.41% | 150.51% | |
45 Neutral | HK$183.52M | -4.85 | -6.19% | ― | 5.07% | 28.18% |
* Industrials Sector Average
HK:3393
Wasion Holdings Limited
20.10
12.00
148.03%
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34.03%
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0.48
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111.29%
Wasion Holdings Limited Corporate Events
Wasion Holdings Launches HK$200 Million On-Market Share Buyback Plan
Jun 16, 2026
Wasion Holdings Limited has announced that its board has approved an on-market share repurchase program of up to HK$200 million, to be executed from time to time until the conclusion of its next annual general meeting in May 2026. The buybacks wil...
Wasion’s Wayon Energy Wins Over RMB1.6 Billion in New Overseas Orders
May 26, 2026
Wayon Energy Technology, a key subsidiary of Wasion Holdings Limited, has secured new overseas business contracts worth more than RMB1.6 billion since the start of 2026. The deals center on key infrastructure and related solutions for data centers...
Wasion Shareholders Back All AGM Resolutions, Approve Dividend and Board Changes
May 15, 2026
Shareholders of Wasion Holdings Limited approved all resolutions at the 15 May 2026 annual general meeting, including adoption of the 2025 audited accounts and a final dividend of HK$0.48 per share. They also backed the re-election of executive di...
Wasion Clarifies Board Composition and Committee Roles
May 15, 2026
Wasion Holdings Limited has published an updated list of its board of directors and clarified the roles and functions each member holds across four key board committees. The announcement details the composition of the audit, remuneration, nominati...
Wasion Tightens Audit Committee Mandate to Bolster Governance
May 15, 2026
Wasion Holdings has updated the terms of reference for its audit committee, originally formed in 2005, to strengthen corporate governance and align with Hong Kong listing rules on audit oversight. The committee must have at least three non-executi...
Wasion Tightens Nomination Committee Rules to Bolster Board Diversity and Governance
May 15, 2026
Wasion Holdings has updated the terms of reference for its nomination committee, refining its structure and governance framework to align board composition more closely with the company’s long-term corporate strategy. The committee must comp...
Wasion Tops State Grid Tender With RMB383 Million in 2026 Orders
May 7, 2026
Wasion Holdings has strengthened its role as a key supplier to China’s power sector after subsidiaries Wasion Group and Willfar Information Technology secured major orders from State Grid Corporation of China. The contracts cover hundreds of...
Wasion’s Unit Willfar Lifts Q1 Profit Despite Revenue Dip
Apr 29, 2026
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 f...
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 ...
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.