On November 28, Gelonhui: wasion holdings (03393.HK) announced that on November 26, 2024, State Grid announced the results of the third metering equipment tender for 2024, with the company's subsidiary Wasion Group Co., Ltd. winning approximately 662,000 smart meters contracts, worth about RMB 0.17515 billion (approximately HKD 0.18802 billion). In addition, the company's subsidiary Willfar Information Technology Co., Ltd. also won contracts for approximately 48,000 data collection terminals and concentrators, worth about RMB 85.92 million (approximately HKD 92.24 million).
The company ranked top in terms of the quantity and total contract amount obtained in this tender. As of the announcement date, the company has won contracts worth about RMB 0.81505 billion (approximately HKD 0.88189 billion) in total from State Grid's centralized tenders in 2024.
