Onewo, Inc. Class H (HK:2602)
:2602
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Onewo, Inc. Class H
(2602)
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Rating:61Neutral
Price Target:
HK$18.50
▼(-0.38% Downside)
Action:ReiteratedDate:04/19/26
The score is driven primarily by solid financial stability and positive cash generation supported by very low leverage, offset by weakening operating performance (slowing/declining revenue, margin compression, and lower profitability/FCF). Technically, the stock remains in a broader downtrend (below key longer-term moving averages, negative MACD), while valuation is mixed with a very high dividend yield but a relatively high P/E.
Positive Factors
Conservative balance sheet
Very low leverage and a sizable equity base provide durable financial flexibility. Low debt reduces solvency and refinancing risk, supporting investment, dividend capacity and resilience through cyclical real estate service cycles, preserving long-term strategic optionality.
Negative Factors
Revenue slowdown and decline
A shift from multi-year expansion to slowing growth and a 2025 revenue decline signals weakening demand or lost pricing power. Persistent top-line erosion can undercut scale economics, constrain investment, and make margin recovery and earnings growth harder over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage and a sizable equity base provide durable financial flexibility. Low debt reduces solvency and refinancing risk, supporting investment, dividend capacity and resilience through cyclical real estate service cycles, preserving long-term strategic optionality.
Read all positive factors
Onewo, Inc. Class H (2602) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$19.72B
Dividend Yield1.77%
Average Volume (3M)1.04M
Price to Earnings (P/E)28.3
Beta (1Y)1.01
Revenue Growth2.94%
EPS Growth-39.39%
CountryHK
Employees102,441
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)-0.09
Shares Outstanding1,168,053,100
10 Day Avg. Volume490,120
30 Day Avg. Volume1,039,033
Financial Highlights & Ratios
PEG Ratio-0.69
Price to Book (P/B)1.31
Price to Sales (P/S)0.53
P/FCF Ratio12.47
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$24.26Price Target Upside30.64% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)1.28
Revenue Forecast (FY)HK$39.55B
Onewo, Inc. Class H Business Overview & Revenue Model
Company Description
Onewo Inc., together with its subsidiaries, provides property management services in China. It operates through three segments: Community Space Living Consumption Services; Commercial and Urban Space Integrated Services; and AIoT and BPaaS Solutio...
How the Company Makes Money
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Onewo, Inc. Class H Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
84
Very Positive
Cash Flow
57
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 36.31B | 36.22B | 33.18B | 30.11B | 23.70B |
| Gross Profit | 4.44B | 4.70B | 4.81B | 4.23B | 4.02B |
| EBITDA | 1.97B | 2.52B | 3.68B | 2.89B | 2.73B |
| Net Income | 676.58M | 1.15B | 1.95B | 1.51B | 1.67B |
Balance Sheet | |||||
| Total Assets | 37.06B | 38.61B | 39.38B | 36.96B | 28.78B |
| Cash, Cash Equivalents and Short-Term Investments | 12.09B | 14.13B | 15.75B | 13.37B | 6.93B |
| Total Debt | 273.65M | 335.96M | 351.36M | 233.54M | 266.13M |
| Total Liabilities | 21.62B | 21.45B | 21.16B | 19.96B | 18.47B |
| Stockholders Equity | 14.60B | 16.42B | 17.61B | 16.46B | 9.89B |
Cash Flow | |||||
| Free Cash Flow | 1.53B | 1.48B | 2.22B | 2.30B | 2.56B |
| Operating Cash Flow | 1.69B | 1.92B | 2.59B | 2.76B | 2.83B |
| Investing Cash Flow | -1.04B | -898.66M | 152.40M | -36.49M | 518.93M |
| Financing Cash Flow | -3.01B | -3.16B | -516.83M | 4.18B | -2.32B |
Onewo, Inc. Class H Technical Analysis
Neutral
18.57
Price Trends
18.36
Negative
18.99
Negative
20.95
Negative
Market Momentum
-0.35
Negative
49.62
Neutral
95.05
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2602, the sentiment is Neutral. The current price of 18.57 is above the 20-day moving average (MA) of 16.94, above the 50-day MA of 18.36, and below the 200-day MA of 20.95, indicating a neutral trend. The MACD of -0.35 indicates Negative momentum. The RSI at 49.62 is Neutral, neither overbought nor oversold. The STOCH value of 95.05 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:2602.
Onewo, Inc. Class H Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | HK$17.06B | 6.11 | 15.06% | 4.43% | 4.84% | 4.54% | |
71 Outperform | HK$14.00B | 15.46 | 11.18% | 2.78% | 6.95% | 28.21% | |
69 Neutral | HK$13.04B | 10.01 | 23.68% | 3.82% | 6.94% | -9.60% | |
66 Neutral | HK$19.90B | 30.82 | 1.68% | 4.94% | 9.98% | -68.38% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | HK$14.59B | 11.52 | 74.40% | ― | 6.46% | -3.32% | |
61 Neutral | HK$19.72B | 28.27 | 4.63% | 1.77% | 2.94% | -39.39% |
* Real Estate Sector Average
HK:2602
Onewo, Inc. Class H
17.02
-2.24
-11.63%
HK:2669
China Overseas Property Holdings
3.95
-1.10
-21.86%
HK:6098
Country Garden Services Holdings Co
6.13
-0.44
-6.64%
HK:2869
Greentown Service Group Co. Ltd.
4.52
0.33
7.88%
HK:6049
Poly Property Services Co., Ltd. Class H
30.84
1.71
5.87%
HK:6666
Evergrande Property Services Group Ltd.
1.36
0.64
88.89%
Onewo, Inc. Class H Corporate Events
Onewo Calls 2026 AGM and Seeks Mandate for New H-Share Issuance
Apr 16, 2026
Onewo Inc. has called its 2026 annual general meeting for May 8, to be held online, where shareholders will vote on standard annual matters, including approval of the 2025 annual report, board and financial reports, the profit distribution plan, a...
Onewo Proposes Final Cash Dividend for 2025 With Detailed Tax Terms
Mar 19, 2026
Onewo Inc., a PRC domestic enterprise listed in Hong Kong under stock code 02602, focuses on serving a broad base of H share investors, including both institutional and individual holders located outside mainland China. As an equity issuer, it man...
Onewo Boosts Recurring Revenue but Profit Falls on Higher Impairments
Mar 19, 2026
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, ...
Onewo Sets March Board Meeting to Approve 2025 Results and Mull Final Dividend
Mar 4, 2026
Onewo Inc. has scheduled a board meeting for March 19, 2026 to review and approve the annual results of the company and its subsidiaries for the financial year ended December 31, 2025. The board will also consider whether to recommend a final divi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.