CROSBY Research – Wasion Holdings (3393 HK/ BUY): Sizable order backlog offers promising outlook

15 October 2024

Wasion has won contracts in the second tender on procurement of meeting equipment this year from State Gid for about 359k units of smart meters with a contract value of Rmb116m. Moreover, its subsidiary- Willfar Information Technology has also won contracts for 18k units of data collection terminals and concentrators with a contract value of Rmb26.1m.

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