19 August 2024

Wasion issued a positive profit alert citing that the company expects to record a net profit of over Rmb330.0m in 1H24, compared to Rmb213.8m in 1H23, representing a YoY increase of >54.0%. Such increase is mainly attributable to the growth in sales and the adoption of effective cost control measures.

CROSBY Research – Wasion Holdings (3393 HK/ BUY): Anticipating a strong 1H24