Wasion (3393.HK) stock price, revenue, and financials

Wasion market cap is $2.6 b, and annual revenue was ¥3.95 b in FY 2020

$2.6 B

3393.HK Mkt cap, 10-Nov-2021

¥2.1 B

Wasion Revenue H1, 2021
Wasion Gross profit (H1, 2021)678.2 M
Wasion Gross profit margin (H1, 2021), %32.8%
Wasion Net income (H1, 2021)200.9 M
Wasion Cash, 30-Jun-20211.9 B
Wasion EV3.6 B
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Wasion Revenue

Wasion revenue was ¥3.95 b in FY, 2020 which is a 8% year over year increase from the previous period.

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Wasion Revenue Breakdown

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Wasion revenue breakdown by business segment: 24.0% from Advanced distribution operations, 34.6% from Communication and fluid advanced metering infrastructure and 41.4% from Power advanced metering infrastructure

Wasion Income Statement

Annual

CNYFY, 2018FY, 2019FY, 2020

Revenue

3.3b3.7b3.9b

Revenue growth, %

9%8%

Cost of goods sold

2.3b2.5b2.7b

Gross profit

991.3m1.1b1.2b

Gross profit Margin, %

30%31%32%

Sales and marketing expense

292.9m329.3m360.6m

R&D expense

217.7m245.7m169.3m

General and administrative expense

174.5m179.6m334.9m

Operating expense total

685.0m754.6m864.9m

Interest expense

59.6m86.5m96.3m

Interest income

55.7m60.8m73.4m

Pre tax profit

359.5m414.6m395.9m

Income tax expense

28.8m57.3m51.7m

Net Income

330.8m357.4m344.2m

EPS

0.30.30.2

Half Year

CNYH1, 2019H1, 2020H1, 2021

Revenue

1.9b1.7b2.1b

Cost of goods sold

1.3b1.1b1.4b

Gross profit

581.3m542.7m678.2m

Gross profit Margin, %

30%32%33%

Sales and marketing expense

151.7m148.8m186.6m

R&D expense

115.9m127.0m183.5m

General and administrative expense

84.9m85.3m85.7m

Operating expense total

352.5m361.1m455.9m

Interest expense

38.0m49.4m48.6m

Interest income

38.3m38.0m

Pre tax profit

240.4m209.6m232.7m

Income tax expense

28.5m35.7m31.7m

Net Income

211.9m173.9m200.9m

EPS

0.20.10.1

Wasion Balance Sheet

Annual

CNYFY, 2018FY, 2019FY, 2020

Cash

1.4b1.8b2.3b

Accounts Receivable

2.7b3.2b3.9b

Prepaid Expenses

3.5m467.0m

Inventories

495.5m541.3m497.8m

Current Assets

5.8b7.3b8.6b

PP&E

1.3b1.3b1.3b

Goodwill

297.9m313.3m313.3m

Total Assets

8.6b10.1b11.3b

Accounts Payable

1.8b1.5b3.0b

Short-term debt

1.1b1.6b1.8b

Current Liabilities

3.5b4.8b5.1b

Long-term debt

348.3m457.0m506.5m

Non-Current Liabilities

367.0m475.6m525.9m

Total Debt

1.4b2.1b2.3b

Total Liabilities

3.9b5.3b5.6b

Common Stock

10.0m99.5m9.9m

Total Equity

4.7b48.5b5.7b

Debt to Equity Ratio

0.3 x0 x0.4 x

Debt to Assets Ratio

0.2 x0.2 x0.2 x

Financial Leverage

1.8 x0.2 x2 x

Half Year

CNYH1, 2019H1, 2020H1, 2021

Cash

1.5b1.7b1.9b

Accounts Receivable

4.0b3.7b4.3b

Prepaid Expenses

361.3m

Inventories

520.9m611.6m740.8m

Current Assets

6.5b8.4b9.1b

PP&E

1.3b1.3b1.4b

Goodwill

297.9m313.3m313.3k

Total Assets

9.4b11.0b12.0b

Accounts Payable

2.6b2.7b3.0b

Short-term debt

1.5b2.2b1.8b

Current Liabilities

4.3b5.4b5.2b

Long-term debt

381.6m141.4m1.1b

Non-Current Liabilities

399.3m159.8m1.1b

Total Debt

1.9b2.4b2.9b

Total Liabilities

4.7b5.6b6.3b

Common Stock

9.9m9.9m9.9m

Total Equity

4.8b5.4b5.7b

Debt to Equity Ratio

0.4 x0.4 x0.5 x

Debt to Assets Ratio

0.2 x0.2 x0.2 x

Financial Leverage

2 x2 x2.1 x

Wasion Cash Flow

Annual

CNYFY, 2018FY, 2019FY, 2020

Net Income

359.5m41.5b395.9m

Depreciation and Amortization

152.1m198.8m212.6m

Accounts Receivable

227.1m975.0m654.7m

Inventories

11.0m37.0m(52.9m)

Accounts Payable

123.5m716.2m82.5m

Cash From Operating Activities

163.7m152.6m187.3m

Purchases of PP&E

(60.3m)(61.4m)(98.2m)

Cash From Investing Activities

(219.3m)(35.7m)(554.4m)

Long-term Borrowings

(748.7m)(1.1b)(1.8b)

Dividends Paid

(202.5m)(221.7m)(216.5m)

Cash From Financing Activities

206.1m251.0m591.8m

Net Change in Cash

132.6m367.9m224.7m

Interest Paid

59.6m86.5m96.3m

Income Taxes Paid

17.9m69.3m61.2m

Half Year

CNYH1, 2019H1, 2020H1, 2021

Net Income

211.9k173.9m200.9m

Cash From Operating Activities

(116.0m)(226.4m)(304.4m)

Purchases of PP&E

(21.0m)(30.6m)(95.6m)

Cash From Investing Activities

(29.9m)(786.5m)(400.4m)

Long-term Borrowings

(384.9m)(780.3m)(1.0b)

Dividends Paid

(168.5m)(36.3m)(211.5m)

Cash From Financing Activities

213.8m722.3m401.4m

Net Change in Cash

67.9m(290.6m)(303.3m)

Income Taxes Paid

28.5m26.7m

Wasion Ratios

CNYFY, 2018

Debt/Equity

0.3 x

Debt/Assets

0.2 x

Financial Leverage

1.8 x

Wasion Operating Metrics

Wasion's Enterprise Customers was reported to be 4.5 k in H1, 2020. Wasion's Customers was reported to be 4 k in H1, 2021.
FY, 2018H1, 2019FY, 2019H1, 2020FY, 2020H1, 2021

Countries

707070707070

Customers

4 k4 k

Enterprise Customers

4.5 k4.5 k4.5 k

New Patents

231761154112275

Patents

1.28 k1.29 k1.3 k1.33 k1.33 k1.41 k

Software Copyrights

1.05 k1.06 k1.1 k1.16 k1.2 k1.25 k