HK Stock Market Move | WASION HOLDINGS (03393) saw a plunge of over 15% in the afternoon, with a year-on-year increase of only 1.41% in net profit for the first half of the year, and an overall gross profit margin falling to 31.28%.

WASION HOLDINGS (03393) experienced a sharp decline of over 15% in the afternoon, dropping 15.67% to HKD 14.58, with a trading volume of HKD 104 million. In terms of news, WASION HOLDINGS released its mid-year performance for 2026 at noon. In the first half of this year, the company achieved revenue of RMB 5.389 billion, an increase of 22.75% year-on-year; the other losses for the first half amounted to RMB 30.16 million, primarily including net foreign exchange losses, changes in expected redemption amounts, and penalties paid to customers due to delays in product delivery; profit attributable to parent company shareholders was RMB 446 million, an increase of 1.41% year-on-year; the overall gross profit margin was 31.28%, compared to 35.13% in the same period last year. Looking at specific businesses, revenue from smart grid solutions increased to RMB 1.995 billion, up 6% year-on-year; revenue from intelligent efficiency management solutions decreased to RMB 1.006 billion, down 22% year-on-year; and revenue from digital energy service providers rose to RMB 2.388 billion, an increase of 98% year-on-year.