HK Stock Market Move | WASION HOLDINGS (03393) rise nearly 6% to continue hitting a new high. State Grid's investment scale increases, intelligent meter investment will enter a prosperous stage.

WASION HOLDINGS (03393) rose nearly 6% in early trading, reaching a high of HK$23.2, continuing to set new historical highs. As of the time of writing, it has risen by 5.94% to HK$23.2, with a turnover of HK$96.541 million. On the news front, State Grid's fixed asset investment scale in the "15th Five-Year Plan" has grown by over 40% compared to the "14th Five-Year Plan", reaching a historical high. Guotou Securities International stated that with the significant increase in investment by State Grid, the power equipment sector will directly benefit, continuing to recommend WASION HOLDINGS. The bank pointed out that the company is a leading enterprise in smart meters, a core supplier to State Grid. With the increase in State Grid's investment scale, it is expected that investment in smart meters will enter a prosperous phase, and the revenue and profit expectations of WASION HOLDINGS will continue to grow rapidly. It is worth noting that WASION HOLDINGS recently announced that its subsidiary ADO business's non-wholly-owned subsidiary Wei Yuan Energy has introduced strategic shareholder Boyu Investment. The bank pointed out that Wei Yuan Energy and Boyu Investment will cooperate in capital and industrial resources, leveraging Boyu's extensive presence and cross-border investment experience in data centers, technology, and new energy fields. This is expected to effectively empower business expansion and enhance market competitiveness, accelerating global deployment. With the strong demand for data centers in the ADO business of WASION HOLDINGS, it is entering a period of rapid growth and is becoming an important engine driving the overall growth of the group.