– Ranked first in total contract value
Wasion Holdings Limited (the Company, Wasion or the Group; HKG: 3393), China’s leading provider of energy measurement equipment and energy-saving solutions, is pleased to announce that its subsidiaries Wasion Group Limited and Willfar Information Technology Company Limited have achieved outstanding results in the first round of State Grid Corporation of China’s (State Grid) centralized procurement for metering equipment in 2025.
On 27 May 2025, State Grid officially released the tender results. Wasion Group Limited won contracts for approximately 786,000 units of smart meters and metering current and voltage transformers, amounting to approximately RMB 185.71 million (approximately HK$ 202.41 million). In addition, Willfar Information Technology Company Limited secured contracts for approximately 31,000 units of special transformer data collection terminals, with a contract value of approximately RMB 46.83 million (approximately HK$ 51.04 million). The Group ranked first in terms of total contract value awarded in this tender.
As of now, the Group has won contracts with a total value of approximately RMB232.54 million (approximately HK$ 253.45 million) in State Grid’s 2025 centralized bidding process.
Mr. Ji Wei, Chairman of the Group said: “State Grid’s centralized procurement continues to be a benchmark for product quality, technological innovation, and service excellence. Securing the highest total contract value in this tender not only affirms our market leadership in smart metering solutions but also reflects the strength of our integrated offerings across hardware, software, and data services. We remain committed to empowering the development of a new-type power system and accelerating China’s energy transition through advanced metering and digital solutions.”
About Wasion Holdings Limited
Wasion Holdings is the leading provider of energy measurement equipment and energy saving solutions in the PRC. Its products and services include Power Advanced Metering Infrastructure (Power AMI), Communication and Fluid Advanced Metering Infrastructure (Communication and Fluid AMI), Advanced Distribution Operations (ADO), Smart Distribution Solutions (SDS), Smart Distribution Devices (SDD), and Energy Efficiency Solutions (EES). The Group’s current clients include power grid companies, water, gas and heat providers, and other major industrial and commercial users. Its products have major market share in the PRC and are exported worldwide to Asia, Africa, Europe and the United States. Its research center and laboratory have been certified as national grade and meet international standards. Wasion’s R&D capabilities in smart metering and energy saving solutions are renowned within the industry.
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