OneForce Holdings Limited (1933) AI Stock Analysis

• Market Cap: HK$91.65M
• Dividend Yield: N/A
• Average Volume (3M): 67.60K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.25
• Revenue Growth: -23.84%
• EPS Growth: -544.02%
• Country: HK
• Employees: 398
• Sector: Technology
• Sector Strength: 83
• Industry: Software - Application
• EPS (TTM): -0.05
• Shares Outstanding: 503,927,200
• 10 Day Avg. Volume: 130,000
• 30 Day Avg. Volume: 67,600
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 49 Neutral
• Price Target: HK$0.00 ▼(-100.00% Downside)

The overall stock score is primarily impacted by significant financial challenges, including declining revenue and profitability, as well as liquidity concerns. While technical analysis suggests some bullish momentum, the poor valuation metrics further weigh down the score.

OneForce Holdings Limited Business Overview & Revenue Model

Company Description

OneForce Holdings Limited, together with its subsidiaries, operates as an information technology service provider in the People's Republic of China. It operates through three segments: Software and Solutions, Technical Services, and Products. The Software and Solutions segment engages in the design, implementation, enhancement, and upgradation of software systems for power grid and distribution companies. The Technical Services segment provides maintenance services on the software systems sold. The Products segment sells software systems, related hardware, and spare parts. The company is also involved in the investment, construction, and operation of smart city infrastructure. It serves energy companies, and government and corporate customers. OneForce Holdings Limited was incorporated in 2016 and is based in Wan Chai, Hong Kong.

How the Company Makes Money

OneForce Holdings Limited generates revenue primarily through its logistics and supply chain services, which encompass freight forwarding, warehousing, and distribution solutions. Key revenue streams include service fees from logistics operations, sales of manufactured goods, and income from investments in strategic partnerships and joint ventures. The company also benefits from long-term contracts with major clients in various industries, ensuring a steady flow of income. Additionally, OneForce explores growth opportunities in emerging markets, leveraging its expertise to expand its service offerings and capture new revenue channels.

OneForce Holdings Limited Financial Statement Overview

Summary

OneForce Holdings Limited faces significant financial challenges, with declining revenue and profitability impacting its financial health. The balance sheet remains relatively stable, but cash flow issues raise concerns about liquidity and operational efficiency.

Income Statement

OneForce Holdings Limited has experienced a decline in revenue over the past year, with a negative revenue growth rate of -10.39%. The company is struggling with profitability, as indicated by negative net profit and EBIT margins. Gross profit margin has also decreased compared to previous years, reflecting challenges in maintaining cost efficiency. Despite past growth, the recent downturn in revenue and profitability is concerning.

Balance Sheet

The company's balance sheet shows a moderate debt-to-equity ratio of 0.54, indicating a balanced approach to leveraging. However, the return on equity is negative, reflecting recent losses. The equity ratio remains stable, suggesting that the company maintains a reasonable proportion of equity financing. Overall, the balance sheet is stable but shows signs of stress due to recent financial performance.

Cash Flow

Cash flow analysis reveals significant challenges, with a drastic decline in free cash flow growth of -185.07%. The operating cash flow to net income ratio is very low, indicating difficulties in converting income into cash. Despite a high free cash flow to net income ratio, the overall cash flow situation is weak, highlighting liquidity concerns.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	421.50M	377.69M	490.55M	449.86M	376.70M	293.67M
Gross Profit	53.92M	51.60M	77.08M	94.88M	88.27M	66.95M
EBITDA	-6.28M	-33.44M	13.52M	37.89M	28.85M	27.32M
Net Income	-8.45M	-37.55M	8.36M	32.57M	22.02M	20.86M
Balance Sheet
Total Assets	628.75M	565.11M	656.50M	559.13M	433.98M	363.69M
Cash, Cash Equivalents and Short-Term Investments	47.27M	56.06M	62.89M	55.52M	37.92M	40.83M
Total Debt	155.00M	130.26M	143.05M	75.54M	48.13M	32.41M
Total Liabilities	365.60M	325.48M	379.42M	290.66M	198.87M	150.19M
Stockholders Equity	263.14M	239.63M	277.09M	268.47M	235.11M	213.50M
Cash Flow
Free Cash Flow	-1.37M	1.17M	-48.64M	3.75M	-17.30M	-18.31M
Operating Cash Flow	-1.06M	1.17M	-48.28M	3.90M	-14.23M	-17.85M
Investing Cash Flow	-309.00K	225.00K	-357.00K	-146.00K	13.69M	-15.01M
Financing Cash Flow	28.06M	-8.21M	55.74M	22.56M	7.87M	24.04M

OneForce Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.18
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1933, the sentiment is Positive. The current price of 0.18 is above the 20-day moving average (MA) of 0.17, above the 50-day MA of 0.15, and above the 200-day MA of 0.14, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 67.49 is Neutral, neither overbought nor oversold. The STOCH value of 71.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1933.

OneForce Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8100	62 Neutral	HK$97.78M	43.75	-2.72%	0.91%	-13.40%	76.97%
Sector *	54 Neutral	$298.66M	3.86	-5.40%	2.71%	9.11%	-73.63%
1933	49 Neutral	HK$91.65M	―	-14.54%	―	-23.84%	-544.02%
8048	―	HK$35.06M	―	-15.37%	―	―	―
8131	46 Neutral	HK$47.58M	―	-523.99%	―	78.40%	72.37%
8290	45 Neutral	HK$50.00M	―	-2.07%	―	-6.88%	-100.00%
8156	25 Underperform	HK$224.96M	―		―	-11.42%	26.75%

OneForce Holdings Limited Corporate Events

OneForce Holdings Announces Key Resolutions for Upcoming AGM

OneForce Holdings Limited has announced the details of its upcoming Annual General Meeting, scheduled for September 19, 2025, in Beijing, China. The meeting will address several key resolutions, including the adoption of financial statements, re-election of directors, and the reappointment of auditors. Additionally, the company seeks shareholder approval for mandates allowing the buy-back of shares and the issuance of additional shares, which could impact the company’s market operations and shareholder value.

OneForce Holdings Reports Decline Amid Strategic Shift in Energy Sector

OneForce Holdings Limited reported a significant decline in its financial performance for the year ended March 31, 2025, with revenue dropping by 23% due to fewer projects and a strategic reduction in projects with longer payment cycles. The company’s gross profit and shareholder earnings also saw substantial decreases, attributed to increased market competition and higher impairment losses. Despite these challenges, OneForce Holdings remains committed to its strategic transformation and high-quality development, focusing on smart energy solutions amid the ongoing transformation of China’s power and energy sector. The integration of AI and digital technologies is seen as a key driver for innovation and efficiency in the industry.

OneForce Holdings Limited Updates Nomination Committee Composition

OneForce Holdings Limited, a company incorporated in the Cayman Islands, has announced changes in its Nomination Committee. Ms. Yang Chun and Mr. Ng Kong Fat have been appointed as members of the committee, effective June 27, 2025. This change ensures that the Nomination Committee maintains a majority of independent non-executive directors and includes a director of a different gender, potentially enhancing the decision-making process and diversity within the committee.

OneForce Holdings Limited Announces Board Composition and Roles

OneForce Holdings Limited, a company incorporated in the Cayman Islands, has announced the composition of its board of directors and their respective roles within the company. The board includes executive directors, a non-executive director, and independent non-executive directors, with specific members assigned to the audit, remuneration, and nomination committees. This announcement provides clarity on the leadership structure of OneForce Holdings Limited, which may impact its governance and strategic decision-making processes.

OneForce Holdings Limited Updates Nomination Committee Terms

OneForce Holdings Limited has updated the terms of reference for its Nomination Committee, which was initially established in 2018 and revised in 2019. The recent changes, effective from June 27, 2025, emphasize diversity and independence, requiring the committee to have at least three members, including one of a different gender, and a majority being independent non-executive directors. This move is likely to strengthen the company’s governance framework, ensuring a more balanced and independent decision-making process, which could enhance stakeholder confidence and align with industry best practices.

OneForce Holdings Limited Announces Change in Share Registrar

OneForce Holdings Limited, a company incorporated in the Cayman Islands, has announced a change in its Hong Kong Share Registrar and Transfer Office. Effective from July 7, 2025, Tricor Investor Services Limited will take over these responsibilities. This change is significant for shareholders as it affects where applications for registration and transfer of shares should be lodged. The transition is set to streamline operations and potentially enhance service efficiency for stakeholders involved in share transactions.

OneForce Holdings to Review Annual Results and Dividend

OneForce Holdings Limited has announced that its Board of Directors will convene on June 27, 2025, to review and approve the company’s annual results for the fiscal year ending March 31, 2025. The meeting will also consider the declaration of a final dividend and address other business matters. This announcement is significant as it will provide insights into the company’s financial performance and potential shareholder returns, impacting its market positioning and stakeholder interests.

OneForce Holdings Issues Profit Warning Amid Revenue Decline

OneForce Holdings Limited has issued a profit warning, indicating a significant decrease in revenue and a shift from profit to loss for the financial year ending March 31, 2025. The company’s revenue is expected to drop to approximately RMB370 million to RMB380 million, compared to RMB490 million the previous year, with losses attributable to shareholders ranging from RMB37 million to RMB39 million. This downturn is attributed to fewer projects, intensified market competition, increased administrative expenses due to R&D investments, and higher impairment losses and financial costs. Despite these challenges, OneForce Holdings remains optimistic about future performance, focusing on R&D and talent development to enhance competitiveness and capitalize on opportunities in the energy internet and new infrastructure sectors in China.