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Wasion Holdings Limited
(3393)
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Rating:69Neutral
Price Target:
HK$11.50
▼(-25.37% Downside)
Action:Reiterated
Date:10/30/26
The score is supported primarily by improving financial performance (rising margins, stronger ROE, and moderating leverage) and an attractive valuation (low P/E and solid dividend yield). These positives are partially offset by weak technicals, with the share price below key moving averages and bearish momentum signals.
Positive Factors
Revenue and Margin Expansion
The combination of multi-year revenue expansion and a materially higher net margin indicates improving scale and operating execution. If the stronger profitability is sustained, Wasion should have greater capacity to reinvest in metering solutions, support customers, and build earnings over the next several quarters.
Negative Factors
Volatile Free Cash Flow
Free cash flow volatility makes it harder to forecast the cash available for investment, debt reduction, and shareholder distributions. Even with positive 2025 cash generation, uneven conversion across years could constrain capital allocation and reduce the reliability of earnings growth during weaker project or spending cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Margin Expansion
The combination of multi-year revenue expansion and a materially higher net margin indicates improving scale and operating execution. If the stronger profitability is sustained, Wasion should have greater capacity to reinvest in metering solutions, support customers, and build earnings over the next several quarters.
Read all positive factors
Wasion Holdings Limited (3393) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$11.10B
Dividend Yield4.48%
Average Volume (3M)3.65M
Price to Earnings (P/E)8.5
Beta (1Y)0.92
Revenue Growth22.27%
EPS Growth33.79%
CountryHK
Employees5,442
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)1.07
Shares Outstanding1,045,879,600
10 Day Avg. Volume4,072,193
30 Day Avg. Volume3,651,562
Financial Highlights & Ratios
PEG Ratio0.28
Price to Book (P/B)2.45
Price to Sales (P/S)1.52
P/FCF Ratio19.80
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$21.93Price Target Upside42.28% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)1.15
Revenue Forecast (FY)HK$12.87B
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
Wasion primarily makes money by selling metering and energy-related equipment and by providing associated systems and services. Key revenue streams typically include: (1) hardware sales—such as electricity meters and other measurement/monitoring d...
Wasion Holdings Limited Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
78
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.07B | 10.07B | 8.72B | 7.25B | 5.86B | 4.59B |
| Gross Profit | 3.74B | 3.60B | 3.04B | 2.58B | 1.93B | 1.50B |
| EBITDA | 1.91B | 1.98B | 1.41B | 1.13B | 659.87M | 484.76M |
| Net Income | 1.06B | 1.06B | 705.61M | 521.23M | 323.80M | 268.08M |
Balance Sheet | ||||||
| Total Assets | 20.52B | 17.59B | 15.73B | 13.88B | 13.03B | 12.67B |
| Cash, Cash Equivalents and Short-Term Investments | 4.39B | 3.43B | 2.84B | 2.96B | 2.10B | 2.58B |
| Total Debt | 2.37B | 2.51B | 2.62B | 2.52B | 2.68B | 2.85B |
| Total Liabilities | 11.58B | 9.27B | 8.41B | 7.10B | 6.90B | 6.59B |
| Stockholders Equity | 6.44B | 6.24B | 5.43B | 5.17B | 4.66B | 4.63B |
Cash Flow | ||||||
| Free Cash Flow | 508.47M | 773.48M | 404.46M | 932.01M | 616.89M | 34.97M |
| Operating Cash Flow | 948.51M | 1.41B | 926.80M | 1.50B | 863.23M | 251.62M |
| Investing Cash Flow | 3.59M | -427.42M | -171.05M | -515.79M | -678.19M | -462.57M |
| Financing Cash Flow | 401.50M | -823.22M | -533.54M | -480.01M | -718.77M | 443.86M |
Wasion Holdings Limited Technical Analysis
Negative
15.41
Price Trends
13.51
Negative
16.54
Negative
21.08
Negative
Market Momentum
-0.80
Positive
31.23
Neutral
21.81
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 15.41 is above the 20-day moving average (MA) of 12.00, above the 50-day MA of 13.51, and below the 200-day MA of 21.08, indicating a bearish trend. The MACD of -0.80 indicates Positive momentum. The RSI at 31.23 is Neutral, neither overbought nor oversold. The STOCH value of 21.81 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 |
|---|---|---|---|---|---|---|---|
69 Neutral | HK$11.10B | 8.50 | 16.80% | 4.48% | 22.27% | 33.79% | |
64 Neutral | HK$1.29T | 12.12 | 24.02% | 2.81% | 58.67% | 40.21% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
51 Neutral | HK$25.99B | 10.13 | 5.27% | 0.00% | 79.77% | 149.08% | |
48 Neutral | HK$995.99M | -6.95 | -2.78% | 2.59% | -44.15% | -130.35% | |
44 Neutral | HK$298.50M | -2.89 | -11.50% | ― | -7.44% | 56.28% | |
41 Neutral | HK$96.98M | -2.37 | -6.77% | 7.69% | 11.05% | 20.00% |
* Industrials Sector Average
HK:3393
Wasion Holdings Limited
10.72
-2.19
-16.97%
HK:2188
China Titans Energy Technology Group Co., Ltd.
0.07
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-72.92%
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13.13
-19.13
-59.30%
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Xinyi Electric Storage Holdings Limited
0.38
-0.29
-43.28%
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Leoch International Technology Limited
0.70
<0.01
0.43%
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Contemporary Amperex Technology Co., Limited Class H
338.80
-207.94
-38.03%
Wasion Holdings Limited Corporate Events
Wasion Wins RMB1.25 Billion Smart Grid Orders in Middle East Push
Oct 12, 2026
Wasion Holdings Limited has secured a series of smart grid product and solution orders in emerging Middle Eastern markets, with an aggregate contract value of about RMB1.25 billion. The deals, largely for smart metering products and services suppl...
Wasion Wins ANSI Nod for Smart Meters, Advancing North American Push
Oct 12, 2026
Wasion Holdings has announced that AMI meter products from its subsidiary Wasion Americas Inc. have officially passed certification by the American National Standards Institute, specifically the ANSI C12 series standards governing power meters for...
Wasion’s Wayon Energy Wins Over RMB4 Billion in Overseas Data Center and Power Contracts
Oct 8, 2026
Wasion Holdings’ subsidiary Wayon Energy Technology has secured more than RMB4 billion in new overseas contracts since the start of 2026, largely for key infrastructure and related solutions for data centers, alongside overseas power distrib...
Wasion grants 410,000 share awards to align staff incentives
Sep 1, 2026
Wasion Holdings Limited has granted 410,000 share awards to 27 employees under its existing share scheme, with each award giving the right to one share at no purchase price after a 12‑month vesting period ending on 31 August 2027. The awards...
Wasion Drives Interim Revenue Growth on Surging Digital Energy Services
Aug 27, 2026
Wasion Holdings reported a 23% rise in turnover to RMB5.39 billion for the six months ended 30 June 2026, driven largely by a 98% surge in digital energy services revenue, while smart grid solutions grew 6% and AI-integrated energy efficiency solu...
Wasion Subsidiary Willfar Reports Lower Interim Profit Despite Stable Asset Base
Aug 17, 2026
Majority-owned subsidiary Willfar Information Technology Company Limited, which is about 59.55% controlled by Wasion Holdings Limited, reported unaudited revenue of approximately RMB1.07 billion for the six months ended 30 June 2026, down 22.02% y...
Wasion Schedules Board Meeting to Approve 2026 Interim Results
Aug 13, 2026
Wasion Holdings Limited has scheduled a board meeting for 27 August 2026 to review and approve the unaudited interim results for the six months ended 30 June 2026 for the company and its subsidiaries. The planned publication of these interim figur...
Wasion Wins BRL110 Million Smart Grid Contract with Brazil’s Equatorial Energia
Aug 6, 2026
Wasion Holdings has expanded its international footprint in the smart grid sector via its Brazilian subsidiary, which supplies advanced recloser equipment to strengthen power distribution networks. The Group’s solutions are geared toward imp...
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.