HK Stock Market Move | WASION HOLDINGS (03393) rose more than 4% during trading, with Willfar Information Technology showing a net profit of approximately 631 million yuan attributable to the parent company in 2024, an increase of 20.07% year-on-year.

WASION HOLDINGS (03393) rose more than 4% intraday and was up 4.68% at the time of writing, trading at HK$8.06 with a trading volume of HK$93.577 million. In terms of news, recently, WASION HOLDINGS announced the 2024 performance of Willfar Information Technology (688100.SH). The operating income was about 2.745 billion yuan, a year-on-year increase of 23.35%; the net profit attributable to shareholders of the listed company was about 631 million yuan, a year-on-year increase of 20.07%; the non-net profit was about 610 million yuan, a year-on-year increase of 24.92%; the basic earnings per share was 1.28 yuan, with a cash dividend of 5.2 yuan (including tax) for every 10 shares. The announcement stated that Willfar Information Technology has made significant progress in open source, with steady growth in domestic business and a leap in overseas business. In 2024, domestic business achieved revenue of 2.314 billion yuan, a year-on-year increase of 16.40%; overseas business achieved revenue of 421 million yuan, a year-on-year increase of 85.40%. In 2024, it successfully launched nearly 50 products and solutions, achieving new product revenue of 1.338 billion yuan, accounting for 49% of total revenue, with AI products accounting for 30% of new product revenue. The development of communication chips and module business is strong, with operating income of 776 million yuan, a year-on-year increase of 17.95%, accounting for 28.39% of total revenue, becoming the largest single product of Willfar Information Technology. With a continuous backlog of orders, as of December 31, 2024, Willfar Information Technology had a backlog of orders of 4.017 billion yuan, a year-on-year increase of 15.35%; during the reporting period, Willfar Information Technology signed new contracts worth 3.718 billion yuan, a year-on-year increase of 7.71%.