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.

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