Wasion Group

What Wasion Group does

Wasion Group (威胜集团有限公司) is a Changsha, Hunan-headquartered energy metering equipment, systems, and services provider founded in 2000 and operating as the core operating subsidiary of Hong Kong-listed Wasion Holdings (HKEX: 03399.HK). The company designs, manufactures, and supplies IoT-enabled smart electricity meters (single-phase, three-phase, gateway, and high-accuracy settlement/boundary meters), current and voltage transformers, and supporting detection and testing equipment, complemented by the Wasion Metering Cloud Platform for remote data collection, monitoring, and analytics. Notable technical differentiators include factory error control below ±0.04% on settlement-grade meters, multi-protocol communications (4G/NB-IoT/RF Mesh/G3 PLC), and a 2026 partnership integration of Crytica Security's RDAi cybersecurity technology into the Aventa meter line for the US market.

Wasion serves two primary customer bases. In China, its dominant channel is competitive public tendering for State Grid and Southern Power Grid contracts — the country's two state-owned utilities — where it has ranked first in combined electricity meter and measurement transformer categories; secondary domestic segments include high-energy-consumption industrial enterprises, commercial complexes, and residential property developers using direct field sales or a certified dealer network. Internationally, the company exports to 70+ countries and operates Wasion Americas, Inc. for the North American market, with recent wins including ~$16.85M of Pakistan smart metering contracts in April 2026.

The revenue model is primarily hardware sales through multi-year utility contracts awarded via competitive bidding, supplemented by subscription/recurring revenue from the cloud metering platform and shared-electricity solution (which bundles QR-code mobile payment via WeChat/Alipay for temporary power use in public spaces). The company has deployed over 100 million units cumulatively, holds 500+ valid patents, contributed to 59 national and industry standards, and operates a CNAS-certified laboratory — collectively indicating a manufacturing- and standards-driven business model rather than a software-led one. Pricing is not publicly disclosed; all major utility contracts are tender-determined.

Name

Wasion Group

Legal name

威胜集团有限公司 (Wasion Group Co., Ltd.)

Website

https://wasion.com

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Wasion Group is a Changsha-headquartered Chinese smart electricity meter manufacturer and energy management solutions provider, serving State Grid, Southern Power Grid, industrial enterprises, and export utilities in 70+ countries via competitive utility tenders and direct field sales.

Ownership category

akta.pro rank

Headquarters

HQ city

Changsha

HQ country

China

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Smart Energy Meter Hardware Sales: Wasion generates the majority of its revenue from manufacturing and selling smart electricity meters, including single-phase meters, three-phase meters, gateway meters, and high-accuracy settlement meters to utilities (State Grid, Southern Power Grid), industrial users, and international markets. Products are sold through competitive public bidding, direct sales, and dealer networks.
2. Smart Electricity Meter Exports (International): Wasion exports smart meters to 70+ countries and has business relationships with 100+ countries/territories. International products comply with IEC standards, EU standards, and carry MID measurement certification, DLMS certification, and GOST certification. Exports represent a growing share of total revenue.
3. Energy Management Systems and Software Platforms: Wasion provides integrated energy management system solutions including the 威胜计量云平台 (Wasion Metering Cloud Platform), shared electricity management platforms, and energy efficiency management systems, typically bundled with hardware or sold as standalone solutions to commercial and industrial customers.
4. Mutual Inductor (Transformer) Products: Wasion manufactures and sells current transformers and voltage transformers used in power metering systems, sold as part of complete metering solutions to grid operators and industrial customers.
5. Testing and Verification Equipment: Wasion produces and sells calibration and testing equipment for electricity meters, including single-phase and three-phase meter verification devices, signal testers, and automated assembly and testing lines.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Wasion Group manufactures and sells smart electricity meters (single-phase, three-phase, IoT-enabled, and high-accuracy settlement gateway meters), current and voltage transformers, and complementary testing/verification equipment. It also delivers cloud-based energy management platforms, shared electricity solutions with mobile payment, and energy efficiency management systems, supplying State Grid, Southern Power Grid, industrial enterprises, commercial complexes, and international utilities across 70+ countries.

Product overview

Wasion Group operates as a comprehensive energy metering equipment, systems, and services provider, organized around a platform-and-product architecture. The core product portfolio spans smart electricity meters (single-phase and three-phase), gateway meters, high-accuracy settlement/gateway meters for transmission-level metering, current transformers, and detection/testing equipment. These hardware products are complemented by the Wasion Metering Cloud Platform (威胜计量云平台) for remote data collection, monitoring, and analytics. The product lineup is segmented by market: State Grid (国家电网) products, Southern Power Grid (南方电网) products, high-end metering products, intelligent electricity use products (智能用电产品), current transformer products (互感器产品), detection equipment (检测装置产品), metering accessories (计量配套产品), distribution/reseller series (经销系列产品), and overseas market products (海外市场产品). Key product families include the IoT-enabled single-phase and three-phase smart meters (物联电能表), 4G-communicating meters (DTS343-3G), smart routers (WSR-1 series) for centralized data acquisition, shared electricity meters with mobile payment (微信/支付宝扫码支付) for public spaces, self-monitoring meters with anti-theft detection, power quality meters for large industrial users, and the Aventa Electric Meter product line for the Americas market. The portfolio covers residential, commercial, industrial, and transmission-level metering applications across domestic Chinese utility markets and international markets.

Differentiator

Problem solved

Functional benefit

Brands

• Aventa: Smart energy metering products and solutions

Products and services

• Single-Phase Smart Electricity Meter — IoT Meter (单相智能电能表/物联电能表) IoT-enabled single-phase smart electricity meter for residential and small commercial users on the State Grid network. Supports multi-rate billing, event recording, remote load control, and bidirectional metering.
• Three-Phase Smart Electricity Meter — IoT Meter (三相三线/四线智能电能表/物联电能表) Three-phase three-wire/four-wire IoT-enabled smart electricity meter for medium-to-large industrial and commercial users on the State Grid network.
• Single-Phase Smart Gateway Electricity Meter (单相智能网关电能表) Single-phase smart gateway electricity meter for the China Southern Power Grid market, supporting multi-rate billing and remote communication for small-to-medium users.
• Three-Phase Smart Gateway Terminal (三相智能网关终端) Three-phase smart gateway terminal for Southern Power Grid, enabling centralized data collection and remote management for commercial and industrial users.
• Class C Three-Phase Smart Gateway Electricity Meter (C级三相智能网关电能表) Class C three-phase smart gateway electricity meter for Southern Power Grid, designed for high-accuracy metering in demanding industrial environments.
• High-Accuracy Settlement Gateway Electricity Meter (高准确度结算关口电能表) High-accuracy settlement gateway electricity meter for wholesale electricity settlement at transmission-level metering points, with factory error control under ±0.04% and full-lifecycle error under ±0.1%.
• aMeter300 Three-Phase Smart Meter Advanced three-phase smart meter supporting four-quadrant metering, 15-minute general load curves, harmonic measurement up to 15th order, RF Mesh/G3 PLC/GPRS/3G/4G communication, and DLMS/COSEM protocols for international and high-end metering markets.
• WSi390 Three Phase Smart Energy Meter Three-phase smart energy meter for international markets, compliant with IEC standards and certified with MID measurement, DLMS, and GOST certifications. Supports carrier or cellular communication modules.
• DTS343-3G Three-Phase Four-Wire Electronic Electricity Meter (4G Meter) Three-phase four-wire electronic electricity meter with 4G communication, supporting forward/reverse active energy metering, time-of-use billing, power quality measurement, RS485 and NB-IoT communication, remote load control, and daily/monthly data freezing.
• WSR-1 Smart Router (WSR-1 智能路由器) Smart router for centralized remote meter reading and remote payment management. Supports 4G/NB-IoT uplink and RS485 downlink with auto baud-rate adaptation, collecting data from up to 32 meters in plug-and-play deployment.
• Low-Voltage Current Transformer for Metering (计量用低压电流互感器) Low-voltage current transformer for metering applications, providing safe electrical isolation and precise signal conversion for energy measurement in power systems.
• Aventa Electric Meter with Crytica RDAi Cybersecurity Smart electric meter product line from Wasion Americas integrated with Crytica Security's RDAi cybersecurity technology for device-level grid edge security in utility networks. Provides real-time detection of unauthorized changes and anomalous behavior without impacting device performance.
• Shared Electricity Solution (共享用电解决方案) Cloud-based shared electricity management platform using 4G IoT meters with WeChat Pay and Alipay QR code payment, enabling temporary electricity use in public spaces such as farmland irrigation, plazas, logistics parks, docks, tourist attractions, and public rental housing. Supports real-time settlement, balance refund, and remote control.
• Energy Efficiency Management Solution (能耗管理解决方案) Energy consumption management solution for high-energy enterprises and manufacturing enterprises, providing real-time monitoring, data collection, and analytics for energy efficiency improvement and cost reduction.
• Wasion Metering Cloud Platform (威胜计量云平台) Cloud-based metering data management platform that integrates with Wasion smart meters (including 4G and NB-IoT meters) to provide remote data collection, monitoring, analysis, and management for utilities and energy consumers.
• Bluetooth Signal Comprehensive Tester (蓝牙信号综合测试仪) Bluetooth signal comprehensive tester used for testing and validating meter communication performance in Wasion's detection equipment product line.

Quantifiable outcome

• Total products deployed/online exceeding 100 million units
• +4 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Crytica SecuritycoreTechnology or Integration · 19 May 2026Wasion Americas and Crytica Security formed a strategic partnership on May 19, 2026, to embed Crytica's Rapid Detection Alert and Isolation (RDAi) technology directly into Wasion's Aventa Electric Meters, creating a new device-level cybersecurity solution for utility networks. The collaboration addresses a 70% surge in cyberattacks on US utilities since 2023. Crytica's RDAi system achieved 100% detection rate against malicious executables in Tolly Group independent testing. The partnership designates Wasion meters as 'Crytica Ready' and positions utilities for FERC incentive-based rate treatments.
• National Electrical Instrumentation Standardization Technical Committee (SAC/TC104)coreStrategic or Co-development PartnerWasion co-hosted the 2019 National Electrical Instrumentation Industry Conference with the National Electrical Instrumentation Productivity Promotion Center and the National Electrical Instrumentation Standardization Technical Committee (SAC/TC104). Wasion has participated in formulating 59 national and industry standards.
• Anglian Water (implied pilot customer for water metering)minorOthersWhile not a direct partnership, Wasion competes in smart water metering markets where Anglian Water has announced plans to install 1.1 million water meters. Wasion produces water and electricity integrated routers (WSR-1/CM) that support both electricity and water meter data collection.

Scale indicators11 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Shenzhen Kaifa Technology: Major Chinese electronics manufacturer with a smart energy metering division that produces single-phase and three-phase smart meters and AMI components for the same domestic utility customers (State Grid, Southern Power Grid) as Wasion.
• Sagemcom: European-headquartered smart metering specialist serving utilities globally with electricity, gas, and water smart meters. Sagemcom competes with Wasion's international product line (IEC, MID, DLMS certified meters) in European and emerging-market utility tenders.
• Hexing Electrical: Chinese smart metering and power distribution automation specialist that competes directly with Wasion in State Grid and Southern Power Grid tenders for smart electricity meters, gateway terminals, and distribution equipment, with overlapping international export markets.
• EDMI (Mitsui subsidiary): Singapore-based smart meter manufacturer (owned by Mitsui & Co.) specializing in electricity, gas, and water metering with strong Asia-Pacific presence. EDMI's international AMI product portfolio overlaps with Wasion's overseas market offerings in DLMS/COSEM-compliant markets.
• Landis+Gyr: Major global smart metering and grid management solutions provider, explicitly cited by Wasion as a key competitor. Landis+Gyr's utility-scale AMI products, smart meters, and energy management software compete head-to-head with Wasion's portfolio in international tenders.
• Holley Technology: Hangzhou-based Chinese smart meter manufacturer with a direct overlap in single-phase and three-phase smart electricity meters, gateway meters, and AMI solutions for State Grid and Southern Power Grid. Holley is one of Wasion's primary domestic competitors in Chinese utility tenders.
• Itron: Global leader in smart electricity, gas, and water metering and AMI solutions, explicitly named by Wasion as a key competitor in China's smart meter market. Itron's product portfolio (smart meters, communication modules, MDM software) directly overlaps Wasion's meters, AMI systems, and Wasion Metering Cloud Platform offerings for utility customers.

Broad incumbents

• Schneider Electric: Global energy management and automation specialist explicitly named by Wasion as a competitor. Schneider's EcoStruxure platform and metering products compete with Wasion's cloud-based energy management and metering solutions at industrial, commercial, and utility customers worldwide.
• Siemens: Global industrial conglomerate whose Smart Infrastructure division offers AMI, smart meters, and grid management software as part of a much broader portfolio. Explicitly named by Wasion as a competitor; Siemens's broader portfolio and brand give it incumbent advantage at large international utilities.
• Honeywell: Diversified industrial conglomerate with smart metering, AMI, and energy management offerings as part of its broader portfolio. Explicitly cited by Wasion as a key competitor, particularly in international utility markets where Honeywell's brand and incumbency confer advantages.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wasion Group