Wasion Holdings Limited (HK:3393)
:3393
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Wasion Holdings Limited
(3393)
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Rating:72Outperform
Price Target:
HK$27.00
▲(50.17% Upside)
Action:UpgradedDate:01/17/26
The score is primarily driven by strong financial performance (growth, margins, and manageable leverage). Technicals are supportive on trend but materially tempered by extreme overbought signals, and valuation is only average with a moderate P/E and a modest dividend yield.
Positive Factors
Revenue and Margin Growth
Sustained 20% revenue expansion alongside a healthy 34.8% gross margin and improving 8.1% net margin indicates durable demand and pricing power in core meter and grid solutions. These trends support ongoing profitability and reinvestment for product and capacity expansion.
Negative Factors
Procurement Cycle Exposure
Revenue and project timing depend heavily on lumpy utility tender cycles, creating durable volatility in sales and backlog. This structural dependence can make multi-quarter revenue predictability weak and pressure margins if the company must bid aggressively to win tenders.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Margin Growth
Sustained 20% revenue expansion alongside a healthy 34.8% gross margin and improving 8.1% net margin indicates durable demand and pricing power in core meter and grid solutions. These trends support ongoing profitability and reinvestment for product and capacity expansion.
Read all positive factors
Wasion Holdings Limited (3393) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$27.76B
Dividend Yield2.24%
Average Volume (3M)2.46M
Price to Earnings (P/E)14.8
Beta (1Y)0.65
Revenue Growth20.33%
EPS Growth27.05%
CountryHK
Employees5,280
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)0.71
Shares Outstanding995,879,700
10 Day Avg. Volume1,933,748
30 Day Avg. Volume2,456,420
Financial Highlights & Ratios
PEG Ratio0.28
Price to Book (P/B)1.22
Price to Sales (P/S)0.76
P/FCF Ratio16.41
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$33.84Price Target Upside88.21% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)1.38
Revenue Forecast (FY)HK$12.83B
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 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...
Wasion Holdings Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| 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
Positive
17.98
Price Trends
26.54
Positive
21.28
Positive
15.80
Positive
Market Momentum
0.75
Positive
51.43
Neutral
53.91
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 17.98 is below the 20-day moving average (MA) of 28.26, below the 50-day MA of 26.54, and above the 200-day MA of 15.80, indicating a neutral trend. The MACD of 0.75 indicates Positive momentum. The RSI at 51.43 is Neutral, neither overbought nor oversold. The STOCH value of 53.91 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | HK$2.45B | 5.82 | 22.34% | 5.75% | 18.32% | 14.06% | |
74 Outperform | HK$1.43B | 8.32 | 8.98% | 6.40% | 13.14% | -28.26% | |
72 Outperform | HK$27.76B | 14.82 | 17.75% | 2.24% | 20.33% | 27.05% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | HK$31.38B | 42.45 | 34.12% | 0.17% | ― | ― | |
40 Underperform | HK$727.43M | 22.18 | -4.59% | ― | >-0.01% | 98.32% | |
40 Underperform | HK$192.47M | -7.46 | -6.18% | ― | -0.84% | 42.31% |
* Industrials Sector Average
HK:3393
Wasion Holdings Limited
28.18
21.13
299.72%
HK:1608
VPower Group International Holdings Limited
0.11
-0.19
-63.67%
HK:2188
China Titans Energy Technology Group Co., Ltd.
0.13
-0.16
-54.74%
HK:1729
Time Interconnect Technology Limited
15.00
11.31
306.50%
HK:1979
Ten Pao Group Holdings Limited
2.38
1.08
83.08%
HK:0842
Leoch International Technology Limited
0.99
0.14
15.79%
Wasion Holdings Limited Corporate Events
Wasion Moves Ahead With Planned Spin-Off and HK Listing of Digital Energy Arm Wayon Energy
Jan 27, 2026
Wasion Holdings has received confirmation from the Hong Kong Stock Exchange to proceed with a proposed spin-off and separate Main Board listing of its digital energy subsidiary, Wayon Energy Technology, and Wayon Energy has submitted a listing app...
Wasion Subsidiary Wayon Energy Raises RMB 380 Million from Boyu Capital to Fuel Global Expansion
Dec 24, 2025
Wasion Holdings’ subsidiary Wayon Energy has entered into a capital increase agreement under which Boyu Capital will subscribe for 48,810,742 new shares, representing about 8% of Wayon Energy’s enlarged share capital, for a total consi...
Wasion Sells Entire Stake in Subsidiary for RMB46 Million
Dec 24, 2025
Wasion Holdings Limited has agreed to dispose of its entire equity interest in a subsidiary (the Target Company) through a share purchase agreement entered into on 24 December 2025 between its indirect subsidiary Wasion Energy HK and Harbour Equit...
Wasion Wins Over RMB80 Million CPFL Contract in Brazil, Marking Step Up in Global Expansion
Dec 18, 2025
Wasion Holdings’ Brazilian subsidiary, Wasion da Amazonia Industria de Instrumentos Electronicos SA, has secured a CPFL project contract in Brazil worth more than RMB80 million (approximately HK$88.32 million). CPFL, the country’s seco...
Wasion Holdings Expands Energy Storage Operations with New Agreement
Nov 14, 2025
Wasion Holdings Limited, through its subsidiary Wayon Energy, has entered into a Master Agreement with Renox to supply various energy storage system products. This agreement, which involves connected transactions due to shared ownership interests,...
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.