Onewo, Inc. Class H (HK:2602) has released an update.
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Onewo Inc. anticipates that its continuing connected transactions will represent less than 9.8% of the Group’s overall revenue in 2024, marking a decline compared to previous years. This reduction has impacted the company’s revenue and profit in value-added services for developers, but proactive measures have been taken to manage trade receivables effectively. The company expects to recover significant amounts through strategic transactions, ensuring financial stability and risk management.
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