HK Stock Market Move | Afternoon rise of over 4% for WASION HOLDINGS (03393). State Grid Corporation's investment this year might exceed 650 billion yuan. The company is expected to benefit from the accelerated trend of grid investment.

WASION HOLDINGS (03393) rose by over 4% in the afternoon, with an increase of 3.95% to HKD 7.36 as of the time of reporting, with a turnover of HKD 16.43 million. On the news front, on January 13th, Willfar Information Technology disclosed that as of January, the cumulative new orders in Southeast Asia and Africa exceeded 1 billion yuan. The company has currently set up 10 branches overseas, with factories in Saudi Arabia, Indonesia, and Mexico under construction. Information released by State Grid on January 15th indicates that State Grid will further increase investment in 2025, with total grid investment expected to exceed 650 billion yuan for the first time. Minsheng Securities pointed out that strengthening distribution networks is one of the directions for grid investment in the next 25 years. Willfar Information Technology, relying on its rich technological reserves and experience in the field of power Internet of Things, focuses on key core technologies and is expected to benefit from the accelerating trend of future distribution network investment. It is reported that Willfar Information Technology is a subsidiary of WASION HOLDINGS.