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Onewo Inc. Reports Revenue Growth Amid Profit Challenges in 2024

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Onewo Inc. Reports Revenue Growth Amid Profit Challenges in 2024

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

Onewo Inc. reported a 9.2% increase in total revenue for the year ended December 31, 2024, reaching RMB36,223.8 million, with significant contributions from its community space living consumption services. Despite a decrease in core net profit by 4.8%, the company maintained its performance guidelines, while administrative expenses decreased. However, net loss on extraordinary items increased, impacting the overall profit, which saw a 38.3% decline. The board recommended a full-year dividend payout of 100% of the core net profit.

More about Onewo, Inc. Class H

Onewo Inc. is a joint stock company incorporated in the People’s Republic of China, operating in the property management industry. The company provides community space living consumption services, commercial and urban space integrated services, and AIoT and BPaaS solution services, focusing on recurring business revenue streams.

YTD Price Performance: 12.47%

Average Trading Volume: 2,544,235

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$27.24B

See more data about 2602 stock on TipRanks’ Stock Analysis page.

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