Wasion Holdings Limited logo

Wasion Holdings Limited

3393.HK

HKSEIndustrialsElectrical Equipment & Parts

Latest quote

HK$16.69

+HK$0.25 · +1.52%

Aug 24, 4:08 PM HKT

3393.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

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 energy supply sector across a broad international landscape, including mainland China, Africa, South America, Europe, the wider Asian region, and the Middle East. Its operations are structured into three key divisions: Power Advanced Metering Infrastructure (AMI), Communication and Fluid Advanced Metering Infrastructure (AMI), and Advanced Distribution Operations. The company's extensive product and service portfolio encompasses smart meters for electricity, water, gas, and heat, alongside various other metering and power quality monitoring instruments. It also provides energy data collection, load management, and user management terminals, as well as advanced measurement automation systems, diverse application systems, data mining services, and comprehensive system solutions and communication terminals. Furthermore, Wasion delivers an array of power distribution equipment, such as high-voltage and smart switchgears, circuit breakers, power distribution automation terminals, and electrical and electronic devices designed for power quality control, integrated with smart distribution systems, engineering support, and energy-saving initiatives. Beyond this, it supplies smart power distribution devices, energy efficiency solutions, single-phase and three-phase power meters, and is involved in the development, manufacturing, sale, and trade of electronic components. Established in 2000, the company, originally named Wasion Group Holdings Limited, adopted its current name, Wasion Holdings Limited, in June 2018. It is headquartered in Sheung Wan, Hong Kong, and operates as a subsidiary of Star Treasure Investments Holdings Limited.

Industry
Electrical Equipment & Parts
Sector
Industrials
Headquarters
HK
CEO
Chit Kat
Listed since
Dec 19, 2005
Employees
5,448

Market position

Day range

Current HK$16.69

52-week range

Current HK$16.69

Open
HK$16.49
Previous close
HK$16.44
Volume
3.61M
0.52× average
Average volume
6.96M
Average daily volume
Market cap
17.34B HKD
Beta
1.19
Market reference 1
50-day average
HK$19.3922
-13.93% below average
200-day average
HK$22.1863
-24.77% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
14.4B CNY
P/E (TTM)
13.48×
P/B (TTM)
2.28×
P/S (TTM)
1.47×
EV / EBITDA
7.99×
Earnings yield
6.91%
Free cash flow yield
5.05%
Dividend yield
2.88%

Profitability & efficiency

Gross margin
35.71%
Operating margin
16.00%
Net margin
10.51%
Return on equity
16.96%
Return on assets
6.02%
Return on invested capital
12.54%

Financial health

Debt / equity
0.4×
Current ratio
1.65×
Altman Z-score
3.3
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends39%27%15%3%Gross margin, FY2021: 32.65%Gross margin, FY2022: 32.95%Gross margin, FY2023: 35.59%Gross margin, FY2024: 34.82%Gross margin, FY2025: 35.71%Operating margin, FY2021: 8.49%Operating margin, FY2022: 9.29%Operating margin, FY2023: 11.71%Operating margin, FY2024: 12.50%Operating margin, FY2025: 16.00%Net margin, FY2021: 5.84%Net margin, FY2022: 5.53%Net margin, FY2023: 7.19%Net margin, FY2024: 8.10%Net margin, FY2025: 10.51%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 32.65%. Gross margin FY2022 32.95%. Gross margin FY2023 35.59%. Gross margin FY2024 34.82%. Gross margin FY2025 35.71%. Operating margin FY2021 8.49%. Operating margin FY2022 9.29%. Operating margin FY2023 11.71%. Operating margin FY2024 12.50%. Operating margin FY2025 16.00%. Net margin FY2021 5.84%. Net margin FY2022 5.53%. Net margin FY2023 7.19%. Net margin FY2024 8.10%. Net margin FY2025 10.51%.

Income trends

Revenue

10.07B CNY+15.57%

Operating income

1.61B CNY+47.85%

Net income

1.06B CNY+49.98%
Income trends across reported periods11.05B CNY7.13B CNY3.21B CNY−712.46M CNYRevenue, FY2021: 4.59B CNYRevenue, FY2022: 5.86B CNYRevenue, FY2023: 7.25B CNYRevenue, FY2024: 8.72B CNYRevenue, FY2025: 10.07B CNYOperating income, FY2021: 389.59M CNYOperating income, FY2022: 544.22M CNYOperating income, FY2023: 849.4M CNYOperating income, FY2024: 1.09B CNYOperating income, FY2025: 1.61B CNYNet income, FY2021: 268.08M CNYNet income, FY2022: 323.8M CNYNet income, FY2023: 521.23M CNYNet income, FY2024: 705.61M CNYNet income, FY2025: 1.06B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 4.59B CNY. Revenue FY2022 5.86B CNY. Revenue FY2023 7.25B CNY. Revenue FY2024 8.72B CNY. Revenue FY2025 10.07B CNY. Operating income FY2021 389.59M CNY. Operating income FY2022 544.22M CNY. Operating income FY2023 849.4M CNY. Operating income FY2024 1.09B CNY. Operating income FY2025 1.61B CNY. Net income FY2021 268.08M CNY. Net income FY2022 323.8M CNY. Net income FY2023 521.23M CNY. Net income FY2024 705.61M CNY. Net income FY2025 1.06B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue10.07B CNY8.72B CNY7.25B CNY5.86B CNY4.59B CNY
Cost of goods sold6.48B CNY5.68B CNY4.67B CNY3.93B CNY3.09B CNY
Gross profit3.6B CNY3.04B CNY2.58B CNY1.93B CNY1.5B CNY
Research and development734.18M CNY730.4M CNY681.38M CNY577.44M CNY424.48M CNY
Selling, general, and administrative1.18B CNY1.11B CNY976.84M CNY728.57M CNY615.12M CNY
Operating expenses1.99B CNY1.95B CNY1.73B CNY1.39B CNY1.11B CNY
Interest income72.26M CNY93.77M CNY68.12M CNY79.03M CNY82.34M CNY
Interest expense106.6M CNY125.53M CNY131.53M CNY112.5M CNY99.27M CNY
Depreciation and amortization191.3M CNY121.81M CNY121.81M CNY102.62M CNY80.09M CNY
Operating income1.61B CNY1.09B CNY849.4M CNY544.22M CNY389.59M CNY
Net income1.06B CNY705.61M CNY521.23M CNY323.8M CNY268.08M CNY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
0.69

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.730.540.340.14Q2 '22Q2 '23Q4 '23Q2 '24Q3 '24Q2 '25Q2 '25Q1 '26
Q2 2022, reported Jun 30, 2022: actual 0.17, estimate —, surprise —, Comparison unavailable. Q2 2023, reported Apr 26, 2023: actual 0.209, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Oct 24, 2023: actual 0.234, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Apr 26, 2024: actual 0.343, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 28, 2024: actual 0.359, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 28, 2025: actual 0.403, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 30, 2025: actual 0.486, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 26, 2026: actual 0.69, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates11.88B8.91B5.94B2.97BQ2 '23No estimateQ4 '23No estimateQ2 '24MissQ3 '24No estimateQ2 '25No estimateQ2 '25No estimateQ1 '26MetQ3 '26Estimate
Q2 2023, reported Apr 26, 2023: actual 3.76B HKD, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Oct 24, 2023: actual 3.49B HKD, estimate —, surprise —, Comparison unavailable. Q2 2024, reported Apr 26, 2024: actual 4.46B HKD, estimate 11.26B HKD, surprise -60.41%, Miss. Q3 2024, reported Aug 28, 2024: actual 4.02B HKD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 28, 2025: actual 5.29B HKD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 30, 2025: actual 4.8B HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 26, 2026: actual 6.32B HKD, estimate 6.32B HKD, surprise 0.00%, Met estimate. Q3 2026, reported Aug 27, 2026: actual —, estimate 6.76B HKD, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.38

2025 complete year+90.0% since 2021

2026 partial: HK$0.48

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend May 21, 2026

HK$0.48

Annual

Record May 22, 2026 · Payment Jun 11, 2026

Dividend

Ex-dividend May 20, 2025

HK$0.38

Annual

Record May 21, 2025 · Payment Jun 11, 2025

Dividend

Ex-dividend May 20, 2024

HK$0.28

Annual

Record May 21, 2024 · Payment Jun 11, 2024

Dividend

Ex-dividend May 18, 2023

HK$0.23

Annual

Record May 22, 2023 · Payment Jun 12, 2023

Dividend

Ex-dividend Jun 7, 2022

HK$0.20

Annual

Record Jun 8, 2022 · Payment Jun 22, 2022

Dividend

Ex-dividend Jun 17, 2021

HK$0.20

Annual

Record Jun 18, 2021 · Payment Jun 30, 2021

3393.HK peers

ETFs holding 3393.HK

Funds reporting this stock among their holdings, ordered by reported position size.

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