HK Stock Market Move | WASION HOLDINGS (03393) up more than 5% in intraday trading. Willfar Information Technology's performance in the first three quarters is impressive, and the company's overseas investment efforts are intensifying.

WASION HOLDINGS (03393) rose more than 5% during trading hours, and as of the time of writing, it rose by 4.51% to 6.72 Hong Kong dollars with a trading volume of 16.9026 million Hong Kong dollars. On the news front, WASION HOLDINGS' subsidiary Willfar Information Technology recently announced that the company had won multiple projects in September, with a total bid amount of approximately 125 million yuan. In addition, Willfar Information Technology achieved a revenue of 1.941 billion yuan in the first three quarters of the year, a year-on-year increase of 16.79%; net profit attributable to equity holders was 422 million yuan, a year-on-year increase of 21.95%, achieving sustained double growth in revenue and net profit. Guoyuan International stated that based on the current order backlog, it is expected that WASION HOLDINGS' revenue will increase by approximately 20.5% in 2024. The company performed well in the bidding for the State Grid Corporation of China in the first half of the year, and is expected to maintain its leading position in the second half of the year. The dividend payout ratio next year is expected to return to 60%, and the dividend yield will become attractive again. CICC pointed out that the company is a leading enterprise in the field of energy metering and energy efficiency management. The market is mainly concerned about the company's overseas expansion in electric meters. The bank is optimistic about the company's overseas channel foundation and brand recognition to support the company's diversified business expansion overseas, opening up growth opportunities.