OneForce Holdings Faces Revenue Slump Amid Market Challenges

OneForce Holdings Limited (HK:1933) has released an update.

OneForce Holdings Limited reported a significant decline in financial performance for the six months ending September 2024, with a 27.2% drop in revenue and a transition from a profit to a loss of RMB 13,988,000. The company’s gross profit margin fell due to intensified market competition and adjustments in pricing strategies, while increased impairment losses on trade receivables also contributed to the downturn. Despite the challenges, the company remains focused on leveraging digital technologies to enhance its operations within the evolving power system landscape.

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