Weisheng Holdings (03393) rose more than 6% in the afternoon, with a cumulative increase of more than 65% during the year. As of press release, it rose 5.9% to HK$16.3433 million.
The Zhitong Finance App learned that Weisheng Holdings (03393) rose more than 6% in the afternoon, with a cumulative increase of more than 65% during the year. As of press release, it rose 5.9% to HK$16.3433 million.
According to the news, Weisheng Holdings previously announced that on April 7, the State Grid announced the results of the first bidding and procurement of metering equipment in 2024. Among them, the subsidiary Weisheng Group won contracts for about 899,000 smart meters, with a contract value of about 306 million yuan. At the same time, the subsidiary Weisheng Information Technology also won contracts for about 56,000 data collection terminals and concentrators, with a contract value of about 106 million yuan. The company won contracts with a cumulative value of about 412 million yuan in centralized tenders from the State Grid during the year.
CITIC Construction Investment said earlier that it will continue to be optimistic about power equipment going overseas (primary equipment, electric energy meters), increasing investment within the network, and focusing on targets with high demand elasticity at home and abroad. Guoyuan International, on the other hand, pointed out that Weisheng Holdings' share in overseas markets remains stable. Overall, the high growth of the overseas business continued from 24 to 25; at the same time, after the ADO business starts operation of the intelligent energy storage production line, revenue growth will accelerate and lead to an increase in gross margin, and the company's overall performance growth momentum will improve.