香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因依賴該等內容而引致的任何損失 承擔任何責任。 （ 於開曼群島註冊成立的有限公司） （股份代號：3393） 威勝控股有限公司（「本公司」）董事會（「董事會」）欣然宣佈，於二零二六年三月二十五日， 國家電網有限公司（「國家電網」）公佈二零二六年計量設備專項招標採購結果，其中本公司 之附屬公司威勝集團有限公司奪得約462,000台智能電表的合約，合約價值約為人民幣97.66 百萬元（ 約110.51百萬港元）。本公司在本次招標取得的合同總額名列前茅。 自願公告 國家電網招標結果 本公告由威勝控股有限公司自願刊發。 承董事會命 威勝控股有限公司 公司秘書 蔡偉龍 香港，二零二六年三月三十一日 於本公告刊發日期，董事會由執行董事包括吉為先生、吉喆先生、李鴻女士、鄭小平女士及田仲平先生；非 執行董事曹朝輝女士、以及獨立非執行董事陳昌達先生、姜新建先生及王耀南先生所組成。 本 公 告 乃 承 董 事 會 之 命 而 作 出 ， 各 董 事 就 本 公 告 所 披 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: 2026年3月31日 | | --- | | 狀態: 新提交 | 致：香港交易及結算所有限公司 公司名稱: 威勝控股有限公司 呈交日期: 2026年3月31日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03393 | 說明 | 不適用 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 100,000,000,000 | HKD | | 0.01 | HKD | | 1,000,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 100,000,000,000 | HKD | | 0.01 | HKD | ...

Investment Rating - The report maintains a "Buy" rating for the company with a target price raised to HKD 37.52, reflecting a potential upside of 23.5% based on a 24.0x FY26 P/E ratio [4][6]. Core Insights - The company is expected to achieve a significant increase in shareholder net profit for FY25, projected to rise by 50.0% to RMB 1.06 billion, surpassing previous forecasts due to strong revenue growth from digital energy services and effective cost management [1][4]. - The digital energy services segment, which includes data center clients, has seen a substantial increase in new orders, with a 99.5% year-on-year growth in orders from data center clients [2]. - The company's overseas business is rapidly expanding, with a 25.0% increase in revenue from international clients, significantly outpacing overall revenue growth [3]. Summary by Sections Financial Performance - FY25 shareholder net profit is expected to reach RMB 1.06 billion, a 50.0% increase from the previous year, driven by a 22.8% rise in revenue from digital energy services to RMB 3.56 billion [1][5]. - The operating profit margin improved by 3.4 percentage points to 17.7%, with operating profit increasing by 43.5% to RMB 1.78 billion [1]. Business Segments - The digital energy services segment, which is set to be spun off into a separate entity, has secured new orders worth RMB 4.8 billion, with a focus on providing stable power infrastructure for data centers [2]. - The overseas revenue contribution from the digital energy services segment surged by 111.8% to RMB 720 million, increasing its share of total overseas revenue from 14.1% to 23.8% [3]. Market Position and Outlook - The company is actively participating in international exhibitions and conferences to enhance its global presence, with plans to enter the U.S. market with its electric meter products [3]. - The report anticipates continued growth in the digital energy services business, particularly in the context of the expanding AI industry in the U.S., which could enhance the company's valuation [3].

Investment Rating - The report maintains a "Buy" rating for the company with a target price raised to HKD 37.52, reflecting a potential upside of 23.5% based on a 24.0x FY26 P/E ratio [4][6]. Core Insights - The company is expected to achieve a significant increase in FY25 shareholder net profit, projected to rise by 50.0% to RMB 1.058 billion, surpassing previous forecasts [1]. - The growth is driven by a 22.8% increase in revenue from digital energy services, reaching RMB 3.56 billion, and effective cost management leading to a 3.4 percentage point increase in operating profit margin [1]. - The digital energy services segment, which includes data center clients, has seen new order amounts increase by 11.7% to RMB 4.8 billion, with orders from data center clients specifically growing by 99.5% to RMB 1.56 billion [2]. - The company's overseas business is expanding rapidly, with revenue from international clients increasing by 25.0% to RMB 3.0 billion, significantly outpacing the overall revenue growth [3]. Financial Summary - For FY25, the company reported total revenue of RMB 10.074 billion, reflecting a growth rate of 15.6% [5]. - The shareholder net profit for FY25 is projected at RMB 1.058 billion, with a growth rate of 50.0% compared to the previous year [5]. - The earnings per share (EPS) for FY25 is expected to be RMB 1.07, with a projected P/E ratio of 25.0x [5]. - The company plans to increase its dividend per share to HKD 0.48 for FY25, representing a dividend yield of 1.6% [5].

2025 Annual Results 2026.03.26 ir.wasion.com 3393.HK Disclaimer 2 ⚫ The presentation is prepared by Wasion Holdings Limited (the "Group" or the "Company" or "Wasion Holdings") and is for the purpose of corporate communication and general reference only. The presentation is not intended as an offer to sell, or to solicit an offer to buy or to form any basis of investment decision for any class of securities of the Company in any jurisdiction. All such information should not be used or relied on without profe ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不 發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因依賴該等內容而引致的任何損失 承擔任何責任。 （ 於開曼群島註冊成立之有限公司） （股份代號︰3393） 建議修訂現有細則及 採納新細則 本公告由威勝控股有限公司（「本公司」）根據香港聯合交易所有限公司（「聯交所」）證券上市 規則（「上市規則」）第13.51 (1)條而刊發。 鑒 於 上 市 規 則 近 期 涉 及 庫 存 股 份 的 修 訂 已 於 二 零 二 四 年 六 月 十 一 日 生 效 ， 本 公 司 董 事 會 （「董事會」）建議修訂本公司現有組織章程細則（「細則」），以（ 其中包括 ）允許本公司將其購 回的股份作為庫存股份持有，並出售或轉讓該等庫存股份（「建議修訂」）。董事會亦建議採 納包含建議修訂在內的新細則（「新細則」），以取代及摒除現有細則。 建議修訂及建議採納新細則須經本公司股東（「股東」）於即將於二零二六年五月十五日舉行 的本公司應届股東週年大會（「股東週年大會」）上以特別決議案方式批准，倘獲批准，將自 股東週年大會結束時起 ...

EF001 其他信息 其他信息 不適用 發行人董事 董事會由執行董事吉為先生、吉喆先生、李鴻女士、鄭小平女士及田仲平先生；非執行董事曹朝輝女士；以及獨立非執行董事陳昌 第 2 頁 共 2 頁 v 1.1.1 達先生、姜新建先生及王耀南先生所組成。 EF001 免責聲明 | 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 | | | --- | --- | | 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | | | 股票發行人現金股息公告 | | | 發行人名稱 | 威勝控股有限公司 | | 股份代號 | 03393 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 十二個月期間之宣派股息 二零二五年十二月三十一日止 | | 公告日期 | 2026年3月26日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 末期 | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | ...

Financial Performance - Revenue for the year ended December 31, 2025, was RMB 10,073.53 million, an increase of 16% compared to RMB 8,716.54 million in 2024[3] - Net profit attributable to shareholders rose by 50% to RMB 1,058.25 million, compared to RMB 705.61 million in 2024[3] - Basic earnings per share increased to RMB 1.069 from RMB 0.714 in 2024[4] - Total comprehensive income for the year was RMB 1,546.91 million, compared to RMB 947.20 million in 2024[6] - Gross profit amounted to RMB 3,596.92 million, reflecting a 19% rise from RMB 3,035.14 million year-on-year, with an overall gross margin of 35.7%[57] - The group’s total revenue reached RMB 10,073.53 million, a 16% increase compared to RMB 8,716.54 million in the previous year[57] - The group reported a pre-tax profit of RMB 1,744,855,000 for the fiscal year ending December 31, 2025[21] - The total tax expense for 2025 was RMB 263,751,000, compared to RMB 177,426,000 in 2024, representing an increase of approximately 48.5%[33] Dividends and Shareholder Returns - The board proposed a final dividend of HKD 0.48 per share, equivalent to RMB 0.422[3] - The company plans to distribute a final dividend of HKD 0.48 per share for the year ending December 31, 2025, up from HKD 0.38 per share in 2024, which totals approximately RMB 420,468,000[34] Assets and Liabilities - Non-current assets increased to RMB 4,264.10 million from RMB 3,952.83 million in 2024[8] - Cash and bank balances rose to RMB 3,015.24 million, up from RMB 2,790.30 million in 2024[8] - Total liabilities increased to RMB 8,095.39 million from RMB 7,351.85 million in 2024[8] - Non-current liabilities increased to RMB 1,172,031 thousand in 2025 from RMB 1,054,117 thousand in 2024, representing a growth of approximately 11.2%[9] - Net asset value rose to RMB 8,315,489 thousand in 2025, up from RMB 7,320,928 thousand in 2024, indicating an increase of about 13.6%[9] - Total equity increased to RMB 8,315,489 thousand in 2025, compared to RMB 7,320,928 thousand in 2024, reflecting a growth of approximately 13.6%[9] Revenue Breakdown - Revenue from smart grid solutions reached RMB 3,652.10 million, up 14% year-over-year[3] - Revenue from digital energy services increased by 23% to RMB 3,564.30 million compared to the previous year[3] - The revenue from the Smart Grid Solutions segment is expected to be RMB 3,652,098,000, while the Energy Efficiency Management Solutions segment is projected at RMB 2,857,127,000, and the Digital Energy Services segment at RMB 3,564,300,000[21] - The revenue from sales to customers in China for the fiscal year ending December 31, 2025, is RMB 7,073,226,000, an increase from RMB 6,319,756,000 in 2024[22] Research and Development - Research and development expenses for 2025 amounted to RMB 750,581,000, up from RMB 695,722,000 in 2024, indicating an increase of about 7.9%[25] - The company received government grants totaling RMB 40,418,000 for R&D contributions and product innovation[24] Market Trends and Projections - The global smart grid market is expected to reach approximately USD 52.55 billion by 2025[44] - The smart distribution equipment market is projected to grow from approximately RMB 600 billion in 2024 to about RMB 704 billion in 2025, representing a growth of approximately 17.3%[44] - The global energy management system market is anticipated to reach USD 63.64 billion by 2025[44] - The domestic GDP for 2025 is projected at RMB 134.9 trillion, reflecting a year-on-year growth of 5%[43] Strategic Initiatives - The company continues to focus on creating sustainable value for shareholders, customers, and society through technological innovation[15] - The company aims to become a leading digital energy service provider in the AI era, focusing on the synergy between power and computing[55] - The company is focusing on expanding its technological advantages in high voltage, smart meters, offshore wind power, and energy storage[44] Employee and Governance - The total number of employees increased to 5,448 as of December 31, 2025, up from 5,280 in 2024[138] - The company has established stock option and share reward plans to incentivize and retain employees[138] - The board of directors includes both executive and independent non-executive members, ensuring a balanced governance structure[149] International Expansion - The group is expanding its market presence, particularly in regions along the "Belt and Road" initiative, which is becoming a core growth engine[78] - The group aims to deepen its global presence in smart distribution networks, data centers, and new energy storage sectors by 2026[94] - The overseas market saw significant advancements in smart grid products, with the group's integrated measurement and control terminal (RTU) recognized as internationally advanced[117] Innovation and Technology - The group has integrated artificial intelligence technology into its operations, focusing on providing comprehensive solutions in digital grids and smart cities[116] - The group launched a series of intelligent measurement terminals and dual-mode communication modules, achieving domestic leading levels in technology evaluation[117] - The intelligent ultrasonic water meter series has passed three major international certifications, laying a solid foundation for global promotion in smart water management[116]

Group 1 - Pearl Holdings (01176) experienced a significant drop of over 33% during trading, currently down 25.64%, due to the inability of independent valuers and auditors to complete their valuation and audit work for the fiscal year 2025, affecting various financial aspects including investment properties and receivables [1] - Some gold stocks showed recovery, with Zijin Mining International (02259) up 6.89%, Lingbao Gold (03330) up 7.31%, and China Gold International (02099) up 2.59%, as the precious metals market rebounded after a sharp decline, with spot gold rising above $4,700 [1] - Paig BioPharma-B (02565) rose over 6% following the announcement of a strategic cooperation agreement with Shanghai Tengrui Pharmaceutical for the commercialization of its core product in mainland China [1] Group 2 - Crystal International (02232) saw a post-earnings decline of over 4%, currently down 2.03%, despite reporting revenues of $2.641 billion for the year ending December 31, 2025, a 6.95% increase year-on-year, and a profit attributable to shareholders of $225 million, up 12.05% [2] - Oil and gas stocks fell sharply, with Shandong Molong (00568) down 4.49% and Sinopec Oilfield Service (01033) down 4.81%, as international oil prices dropped sharply, with Brent crude down 3% to $100 [2] Group 3 - China Duty Free Group (01880) rose over 2% after announcing an agreement to acquire the entire issued share capital of DFS Cotai Limitada and related business assets from DFS Group, which is ultimately owned by LVMH [3] - Weisheng Holdings (03393) increased over 5% following a visit from the Hungarian ambassador, discussing cooperation opportunities in the energy digitalization sector [3] Group 4 - Bolecon Vision Cloud-B (02592) fell over 6%, hitting a new low since its listing, after announcing plans for clinical trials of its eye drop product for treating myopia, with the application for clinical trials submitted in December 2025 [4] - Jiaxin International Resources (03858) surged over 12%, currently up 10.65%, as tungsten concentrate prices rose significantly, reflecting a 124% increase since the beginning of the year [4] Group 5 - Aerospace Holdings (00031) dropped over 14% after issuing a profit warning, expecting a net loss of approximately HKD 270 million to 290 million for the year ending December 31, 2025, compared to a loss of HKD 83.85 million in 2024 [5] Group 6 - U.S. oil stocks saw a general increase, with Occidental Petroleum (OXY.US) up 2.06% and Chevron (CVX.US) up 1.42%, as analysts predict Brent crude prices could reach an average of $130 per barrel in Q2 and Q3 if energy infrastructure is attacked [6] - Tesla (TSLA.US) fell 3.18% following an investigation by the NHTSA into its "Full Self-Driving" system due to multiple accidents [6] Group 7 - Gold and silver stocks initially experienced a sharp decline but later rebounded, with Gold Fields (GFI.US) and AngloGold Ashanti (AU.US) seeing reduced losses after significant drops in spot gold and silver prices [7] - Alibaba (BABA.US) fell over 7% after reporting Q3 revenue of RMB 28.4843 billion, a 2% year-on-year increase, but a 67% decline in adjusted net profit [7]

Performance Summary - Fuyao Glass (03606.HK) reported a revenue of approximately 45.787 billion yuan for 2025, representing a year-on-year increase of 16.65%, with a net profit of about 9.312 billion yuan, up 24.2% [1] - Hengan International (01044.HK) achieved a revenue of 23.069 billion yuan in 2025, a 1.8% increase year-on-year, and a net profit of 2.535 billion yuan, up 10.3%. E-commerce and new retail sales revenue grew by 10.1%, with an annual gross margin improvement to approximately 33.8% [1] - Sunac China (01918.HK) expects a loss between 12 billion to 13 billion yuan for 2025, a reduction compared to the previous year, primarily due to gains from overseas debt restructuring [1] - Tencent Music (01698.HK) reported total revenue of 32.9 billion yuan for 2025, a 15.8% year-on-year increase, with a net profit of 11.06 billion yuan, up 66.4% [2] - China Eastern Education (00667.HK) achieved a revenue of 4.616 billion yuan in 2025, a 12.1% increase, with adjusted net profit of 792 million yuan, up 50.9% [4] - Hong Kong Electric (02638.HK) reported a revenue of 12.125 billion yuan for 2025, a 0.6% increase, and a net profit of 3.149 billion yuan, up 1.2% [5] - Longjiang Life Science (00775.HK) reported a revenue of 5.41 billion HKD, a 2% decrease, with a net loss of 187 million HKD, an increase of 47.61% year-on-year [3] Company News - Weisheng Holdings (03393.HK) won a supply contract for reclosers from CEMIG, Brazil's largest power company, valued at 138 million Brazilian Reais (approximately 182 million yuan or 206 million HKD), to be delivered in batches over the next two years [9] - Hong Kong International Holdings (00480.HK) partnered with Jiaxing Xiutuo Construction Investment Group to acquire a commercial land plot in Jiaxing for approximately 216.4 million yuan, planning to develop a shopping center [9] Financing and Buyback Activities - Xindong Company (02400.HK) repurchased 108,000 shares at a cost of approximately 7.911 million HKD, with prices ranging from 72.00 to 75.05 HKD [16] - Yum China (09987.HK) repurchased 18,500 shares for about 7.714 million HKD, with prices between 414.8 and 420.6 HKD [16] - CNOOC Oilfield Services (02883.HK) completed the issuance of 5 billion yuan in bonds through its wholly-owned overseas subsidiary [17]