HK Stock Market Move | WASION HOLDINGS (03393) rose over 6% in the afternoon as revenue from data center clients in the first half of the year increased by more than three times. The company has been continuously buying back shares recently.

WASION HOLDINGS (03393) rose over 6% in the afternoon session. As of the time of writing, it is up 5.61%, priced at HKD 15.06, with a transaction volume of HKD 48.6762 million. In terms of news, WASION HOLDINGS' interim results show that revenue from data center customers in the first half of the year increased by approximately 328% year-on-year to HKD 1.08 billion. It is reported that the company provides a full-chain digital infrastructure solution to AIDC customers that includes critical power supplies, power distribution, cooling systems, and management software. In the first half of the year, new overseas orders signed increased by 108.2% year-on-year to HKD 4.44 billion, and as of the end of June, the company's overseas order backlog reached HKD 5.47 billion, representing a year-on-year increase of approximately 52%. Notably, WASION HOLDINGS has recently been repurchasing shares continuously. On September 8, WASION HOLDINGS repurchased 270,000 shares, spending HKD 3.8462 million. The stock has conducted a total of 10 repurchases this year, totaling 7.854 million shares and an aggregate repurchase amount of HKD 125 million. The company announced in June its plan to initiate a share repurchase program of up to HKD 200 million in the open market.