Wasion Holdings posts 33% profit growth in first half of 2025

Wasion Holdings Limited recorded a 17% year-on-year increase in turnover to RMB4,390.41 million for the six months ended 30 June 2025. Gross profit rose by 16% to RMB1,542.28 million, although the gross profit margin slightly decreased to 35.13% from 35.49% in H1 2024. Net profit attributable to owners of the company surged by 33% to RMB439.65 million, with basic earnings per share at RMB44.5 cents.

The Power AMI business segment contributed RMB1,883.57 million to turnover, a 30% year-on-year increase, and secured domestic orders worth RMB776.37 million. The Communication and Fluid AMI business grew by 13% year-on-year to RMB1,298.50 million, with signed contracts on hand reaching RMB3,956 million. The ADO business saw a 6% year-on-year increase in turnover to RMB1,208.34 million and secured overseas orders totaling RMB479 million, a 706% year-on-year increase.

The group's total assets as of 30 June 2025 stood at RMB16,017.27 million. Operating expenses accounted for 20% of revenue, down from 21% in H1 2024. The gearing ratio increased slightly to 17% from 16% at 31 December 2024, and the interest coverage improved to 12.63 times from 9.94 times.