CROSBY Research – Wasion Holdings (3393 HK/BUY): Strong FY23 NP growth on solid revenue growth and GPM improvement

18 Mar 2024

Following the positive profit alert issued in Feb, it is no surprise that Wasion did indeed deliver a set of spectacular set of FY23 results. Its FY23 NP surged by 61.0% YoY to Rmb521.2m on the back of 23.8% YoY increase in turnover to Rmb7.3bn.  A final DPS of HK$0.28 was proposed.