Smart-meter maker Wasion Holdings' H1 revenue rises on digital energy orders

Wasion Holdings

27/08/2026 05:14

Overview
China metering equipment maker's H1 revenue rose 23% yr/yr to RMB5.39 bln
Net profit attributable to owners up 1% to RMB446 mln for the period
Board did not recommend interim dividend for the period

Outlook
Wasion expects 2026 power-grid contract value to grow by over 30%, supported by a low 2025 procurement base
Wasion plans to deploy HK$220 mln of placing proceeds in magnetic latching and HVDC businesses before 31 Dec 2027
Company schedules delivery of an initial batch of Southeast Asian orders within 2026

Result Drivers
DIGITAL ENERGY ORDERS – Orders rose 101%, driven by overseas distribution-equipment growth and AI-led data-center demand
SMART GRID SOLUTIONS - Revenue from Smart Grid Solutions rose 6% yr/yr to RMB1.99 bln, aided by successful State Grid centralized-procurement bids
AI-INTEGRATED ENERGY EFFICIENCY - Revenue from AI-Integrated Energy Efficiency Solutions fell 22% yr/yr to RMB1.01 bln

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 5.39 bln
 
H1 Net Income Attributable
 
RMB 445.87 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electrical components & equipment peer group is "buy"
Wall Street's median 12-month price target for Wasion Holdings Ltd is HK$32.60, about 88.5% above its August 26 closing price of HK$17.29
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 17 three months ago

Reuters Recommended Reads
Aug 26 - China's Harbin Electric H1 revenue and profit rise yr/yr
Aug 25 - China's Dongfang Electric H1 revenue inches up on strength in energy equipment business
Aug 26 - Hong Kong's China Resources Power H1 profit falls on lower power tariffs

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)