HK Stock Market Move | WASION HOLDINGS (03393) rose over 6% in the afternoon, with revenue from data center customers in the first half of the year increasing more than threefold, and has been repurchasing shares continuously recently.

WASION HOLDINGS (03393) rose more than 6% in the afternoon. As of the time of writing, it has increased by 5.61%, trading at HKD 15.06, with a transaction volume of HKD 48.6762 million. In terms of news, WASION HOLDINGS' interim performance shows that revenue from data center customers increased approximately 328% year-on-year to HKD 1.08 billion in the first half of the year. It is reported that the company provides a full-chain digital infrastructure solution involving critical power, power distribution, cooling systems, and management software for AIDC customers. New overseas orders signed in the first half of the year increased by 108.2% year-on-year to HKD 4.44 billion, and as of the end of June, the company's overseas orders on hand reached HKD 5.47 billion, a year-on-year increase of approximately 52%. Notably, WASION HOLDINGS has recently been repurchasing shares consecutively. On September 8, WASION HOLDINGS repurchased 270,000 shares at a cost of HKD 3.8462 million. To date, the stock has conducted a total of 10 repurchase transactions this year, totaling 7.854 million shares, with a cumulative repurchase amount of HKD 125 million. The company announced in June its plan to initiate a share repurchase program not exceeding HKD 200 million in the open market.