HK Stock Market Move | WASION HOLDINGS (03393) rose more than 6% in early trading, with annual net profit expected to increase by more than 40%, while Only Far Energy achieved asset restructuring.

WASION HOLDINGS (03393) rose more than 6% in early trading, as of the time of writing, it rose 4.93% to 27.66 Hong Kong dollars, with a turnover of 70.9799 million Hong Kong dollars. On the news front, WASION HOLDINGS announced that it plans to hold a board meeting on March 26 to approve annual performance. The company previously announced a profit share, expecting to achieve a comprehensive net profit of approximately 1 billion to 1.06 billion yuan by 2025, an increase of about 42% to 50% year-on-year. In addition, WASION HOLDINGS was included in the list of Hong Kong Stock Connect, which took effect on March 9. It is worth noting that WASION HOLDINGS announced plans to spin off Weiyuan Energy for listing on the Hong Kong main board. Guoyuan International released a research report stating that existing shareholders can not only enjoy the potential increase in the parent company's stock price, but also have the opportunity to participate directly in the IPO of the high-growth subsidiary, creating a direct investment safety net. Based on the huge demand for electricity infrastructure brought about by the outbreak of AI computing power, the company will spin off and list Weiyuan Energy, this part of the high-elasticity business, and the company will enjoy the high-growth dividends through consolidated financial statements.