Weisheng Holdings (03393) rose more than 4%, rising 44% during the year. As of press release, it rose 4.81% to HK$5.67, with a turnover of HK$17.5471 million.
The Zhitong Finance App learned that Weisheng Holdings (03393) rose by more than 4%, rising 44% during the year. As of press release, it rose 4.81% to HK$5.67, with a turnover of HK$17.5471 million.
According to the news, Weisheng Holdings announced that for the year ended December 31, 2023, revenue was 7.252 billion yuan, up 23.85% year on year; gross profit was 2,581 billion yuan, up 33.77% year on year; profit attributable to shareholders was 521 million yuan, up 60.98% year on year. According to the announcement, revenue from the Electric AMI business was 2.65 billion yuan, an increase of 29% over the previous year.
According to reports, Weisheng Holdings is a leading supplier of energy metering equipment, systems and services in China. The company's core products and services are electrical AMI business, communication and fluid AMI business, and ADO business, respectively. Guoyuan International previously pointed out that in 2024, tenders for State Grid electric energy meters will accelerate, and industry sentiment will continue to improve; the company has a significant first-mover advantage in overseas electric energy meters, and overseas business can be expected to grow in the future.