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Wasion Holdings Limited
(3393)
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Rating:67Neutral
Price Target:
HK$16.00
▲(3.83% Upside)
Action:Reiterated
Date:08/28/26
The score is driven primarily by strengthening financial performance (growth, rising margins, improving ROE, and better leverage), partially offset by cash-flow volatility. Technicals are the largest near-term drag given the stock’s weak trend versus major moving averages and negative MACD. Valuation is a supportive secondary factor due to the moderate P/E and ~3.22% dividend yield.
Positive Factors
Strong Revenue and Profit Growth
The multi-year expansion in revenue and net margin indicates stronger scale, operating efficiency, and earnings capacity. If sustained, this improving profitability can support reinvestment and strengthen Wasion’s position in power measurement and energy-management markets.
Negative Factors
Volatile Free Cash Flow
Uneven free-cash-flow conversion creates uncertainty around the timing and reliability of internally generated funding. Project-based utility demand, working-capital movements, or investment needs could continue to produce fluctuations, limiting confidence in recurring cash availability.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue and Profit Growth
The multi-year expansion in revenue and net margin indicates stronger scale, operating efficiency, and earnings capacity. If sustained, this improving profitability can support reinvestment and strengthen Wasion’s position in power measurement and energy-management markets.
Read all positive factors
Wasion Holdings Limited (3393) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$15.08B
Dividend Yield3.37%
Average Volume (3M)4.16M
Price to Earnings (P/E)11.4
Beta (1Y)0.71
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. Volume5,805,368
30 Day Avg. Volume4,164,364
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$25.10Price Target Upside62.88% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)1.23
Revenue Forecast (FY)HK$12.86B
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 | 1.89B | 1.80B | 1.21B | 971.22M | 646.84M | 469.67M |
| 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 | 830.36M | 773.48M | 404.46M | 932.01M | 616.89M | 34.97M |
| Operating Cash Flow | 1.11B | 1.41B | 926.80M | 1.50B | 863.23M | 251.62M |
| Investing Cash Flow | -305.25M | -427.42M | -171.05M | -515.79M | -678.19M | -462.57M |
| Financing Cash Flow | -215.92M | -823.22M | -533.54M | -480.01M | -718.77M | 443.86M |
Wasion Holdings Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$1.93T | 17.97 | 24.50% | 1.89% | 44.55% | ― | |
67 Neutral | HK$15.08B | 11.40 | 16.80% | 3.37% | 22.27% | 33.79% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
53 Neutral | HK$1.32B | -9.13 | -2.82% | 11.96% | -44.15% | -130.35% | |
51 Neutral | HK$31.42B | 16.15 | 4.44% | ― | 79.77% | 149.08% | |
44 Neutral | HK$345.63M | -3.42 | -11.50% | ― | -7.44% | 56.28% | |
40 Underperform | HK$101.46M | -2.50 | -6.77% | 7.69% | 11.05% | 20.00% |
* Industrials Sector Average
HK:3393
Wasion Holdings Limited
14.26
3.72
35.33%
HK:2188
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17.18
-11.78
-40.68%
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137.41
32.36%
Wasion Holdings Limited Corporate Events
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...
Wasion Wins Major 2026 Smart Meter Tender from Mexico’s Federal Utility
Jul 3, 2026
Wasion Holdings’ Mexican subsidiary has secured an award notification for the Federal Electricity Commission’s annual smart meter tender for fiscal 2026. Under the tender rules, the company may obtain orders during the year with a maxi...
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...
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.