HK Stock Market Move | WASION HOLDINGS (03393) rose more than 5% in the afternoon, and its subsidiary Wei Yuan Energy recently added overseas orders totaling more than 1.6 billion yuan.

WASION HOLDINGS (03393) rose more than 5% in the afternoon, up 5.31% to HK$24.98 as of press time, with a trading volume of HK$81.97 million. On the news front, WASION HOLDINGS announced that its subsidiary, Weiyuan Energy, has secured new overseas business contracts totaling over RMB 1.6 billion since 2026, mainly covering key infrastructure and related solutions for data centers, as well as overseas distribution products such as relays. The board believes that the acquisition of the above-mentioned orders further consolidates the company's leading position in the field of data center infrastructure, and will help to enhance future revenue base and have a positive impact on the operating performance in 2026. It is worth noting that in January of this year, WASION HOLDINGS announced plans to spin off Weiyuan Energy for listing on the Hong Kong main board. Weiyuan Energy is engaged in intelligent distribution business targeting three major sectors: intelligent distribution networks, data centers, and new energy storage. Zhongtai International pointed out that the spin-off listing of the intelligent distribution business is advantageous for unlocking corporate value. Taking into account the capital market situation and regulatory approval process, it is expected that the spin-off listing plan will be completed within the year.