Wasion Information\’s first-quarter performance hit a record high, contracts on hand increased by 32%

On the evening of April 25, Wasion Information released its first quarter report for 2024. In the first quarter, Wasion Information achieved operating income of 448 million yuan, a year-on-year increase of 5.9%; net profit attributable to the parent company was 111 million yuan, a year-on-year increase of 22%. Revenue and net profit continued to grow double, and the first-quarter performance hit a record high.

On the evening of April 25, Wasion Information released its first quarter report for 2024.

In the first quarter, Wasion Information achieved operating income of 448 million yuan, a year-on-year increase of 5.9%; net profit attributable to the parent company was 111 million yuan, a year-on-year increase of 22%. Revenue and net profit continued to grow double, and the first-quarter performance hit a record high.

In the first quarter, Wasion Information signed a total of 596 million yuan in new contracts; as of the end of the first quarter, contracts on hand were 3.485 billion yuan, a year-on-year increase of 32%.

In addition, Wasion Information simultaneously released the 2023 Environmental, Social and Governance Report (ESG) report to comprehensively demonstrate the company\’s practices and performance in sustainable development.

In terms of operations, the first quarter report shows that Wasion Information’s net operating cash flow was 57.75 million yuan, a year-on-year improvement of 50.9%, and the asset-liability ratio was 35.8%.

In 2024, the company plans to distribute a cash dividend of 4.3 yuan (tax included) for every 10 shares. The cash dividend per share will increase by 30% year-on-year. It is expected to distribute a total cash dividend of 210 million yuan.

In terms of technological innovation and market development, Wasion Information has made significant progress.

The \”Four Can\” fusion devices, photovoltaic protocol converters, distributed power access units and other equipment were launched to enhance the monitoring and control capabilities of photovoltaic grid connection.

In the first quarter, the company\’s R&D expenses were 47.25 million yuan, a year-on-year increase of 9.3%, and it continued to increase investment in innovation.

In addition, the company also actively participates in the construction of the country\’s new power system and continues to inject new momentum into the digital transformation of the country\’s power system with diversified solutions.

In terms of social responsibility and environmental protection, Wasion Information actively responds to the \”dual carbon\” strategy and empowers the construction of new power systems.

The company has released social responsibility reports for three consecutive years. With its ESG performance, Wasion Information was successfully selected into the SSE Science and Technology Innovation 100 Index, the SSE Science and Technology Innovation Board ESG Index, and the SSE Smart Selection Science and Technology Innovation Board Growth Momentum 50 Strategy Index, and was awarded It has been rated as \”National Green Factory\” and \”National Green Supply Chain Management Enterprise\” and many other honors, highlighting the company\’s achievements in sustainable development and setting a responsible model for sustainable development for the industry.

(Liu Tao)

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