OneForce Holdings Issues Profit Warning Amid Revenue Decline

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

OneForce Holdings Limited has issued a profit warning for the six months ending September 2024, expecting a significant drop in revenue to RMB180-190 million from RMB250 million last year, along with a shift from a profit of RMB2.8 million to a loss of RMB13-15 million. The decline is attributed to fewer projects and increased competition leading to lower pricing strategies, as well as rising impairment losses and financial costs. Despite these challenges, the company remains optimistic about future performance, focusing on technology development and talent retention to leverage opportunities in China’s energy internet and new infrastructure sectors.

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