Onewo Boosts Recurring Revenue but Profit Falls on Higher Impairments

Onewo, Inc. Class H ( (HK:2602) ) has shared an announcement.

Onewo reported 2025 revenue of RMB37.27 billion, up 2.7% year-on-year, with recurring business rising 8.5% to RMB33.40 billion and accounting for nearly 90% of total revenue. Revenue and trade receivables from related-party transactions declined, reflecting reduced dependence on connected business, while administrative expenses fell and core net profit edged up 0.8% to RMB2.13 billion, or 11.1% growth excluding developer-related services.

Despite stronger recurring operations and tighter cost control, profit for the year dropped 38% to RMB771.6 million, mainly due to a substantial increase in credit impairment losses tied to amounts due from related parties, as the company adopted a prudent provisioning stance. The group generated RMB1.69 billion in operating cash flow, held monetary funds of RMB12.09 billion, and the board proposed total 2025 dividends implying a dividend yield of about 9%, signaling a commitment to shareholder returns amid earnings pressure.

The most recent analyst rating on (HK:2602) stock is a Hold with a HK$21.00 price target. To see the full list of analyst forecasts on Onewo, Inc. Class H stock, see the HK:2602 Stock Forecast page.

More about Onewo, Inc. Class H

Onewo Inc. is a People’s Republic of China-based joint stock company listed in Hong Kong that operates in the property and community services sector. Its core activities span residential property management, commercial and urban space integrated services, and AIoT-enabled BPaaS solutions, with a strong focus on recurring service revenue across community and urban spaces.

Average Trading Volume: 1,249,393

Technical Sentiment Signal: Sell

Current Market Cap: HK$22.24B

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