WASION HOLDINGS (03393.HK): Wins Smart Grid Orders in Middle East Worth RMB 1.25bn

NewTimeSpace · 2026/10/12 08:12 · By Zeyu Wu

On 12 October 2026, WASION HOLDINGS (03393.HK) said it secured several smart grid orders in emerging Middle East markets with a total contract value of about RMB 1.25 billion (about HKD 1.47 billion), to be delivered over three years.

NewTimeSpace News: On 12 October 2026, Wasion Holdings Limited (stock code: 03393) announced that the Group recently secured several orders for smart grid-related products and solutions in emerging markets in the Middle East, with a total contract value of approximately RMB 1.25 billion (about HKD 1.47 billion).

The orders mainly cover metering products and services such as smart meters, and are expected to be delivered and recognised in phases over three years. The customers are sizable local power utilities with good credit standing. The Board considers that the orders reflect further overseas customer recognition of the Group's product quality, technical capabilities, project delivery experience and overall solutions.

The Company said the orders are expected to provide a stable revenue stream and contribute positively to the Group's future operating results and business development, and will help deepen its customer base in emerging Middle East markets and enhance its brand influence.

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