Onewo, Inc. Class H (HK:2602)
:2602
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Onewo, Inc. Class H
(2602)
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Rating:69Neutral
Price Target:
HK$16.50
▼(-11.15% Downside)
Action:Reiterated
Date:06/13/26
Score is driven primarily by solid financial stability (low leverage and positive cash generation) but offset by weakening revenue/margin trends. Technicals are supportive with price above major moving averages and positive MACD, while valuation is mixed—very high dividend yield but a relatively high P/E.
Positive Factors
Conservative balance sheet
Very low leverage and a sizable equity base materially lower solvency risk and preserve funding optionality across cycles. This structural strength supports capital expenditures, contract-backed project financing, and resilience to real-estate downturns, enabling longer-term strategic choices without refinancing pressure.
Negative Factors
Slowing and falling revenue
A multi-year deceleration culminating in a 2025 revenue decline signals weakening demand or lost pricing/market share. Structurally weaker top-line growth reduces operating leverage, limits reinvestment capacity, and can force strategic trade-offs between margin protection and revenue recovery over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage and a sizable equity base materially lower solvency risk and preserve funding optionality across cycles. This structural strength supports capital expenditures, contract-backed project financing, and resilience to real-estate downturns, enabling longer-term strategic choices without refinancing pressure.
Read all positive factors
Onewo, Inc. Class H (2602) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$17.77B
Dividend Yield1.77%
Average Volume (3M)1.04M
Price to Earnings (P/E)22.1
Beta (1Y)0.93
Revenue Growth2.94%
EPS Growth-39.39%
CountryHK
Employees108,745
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)0.60
Shares Outstanding1,168,053,100
10 Day Avg. Volume490,120
30 Day Avg. Volume1,039,033
Financial Highlights & Ratios
PEG Ratio-0.71
Price to Book (P/B)1.31
Price to Sales (P/S)0.51
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.26
Revenue Forecast (FY)HK$39.46B
Onewo, Inc. Class H Business Overview & Revenue Model
Company Description
Onewo Inc. provides property management services in the People's Republic of China. It operates through three segments: Community Space Living Consumption Services; Commercial and Urban Space Integrated Services; and AIoT and BPaaS Solution Servic...
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 | 37.27B | 36.22B | 33.18B | 30.11B | 23.70B |
| Gross Profit | 4.56B | 4.70B | 4.81B | 4.23B | 4.02B |
| EBITDA | 2.34B | 2.52B | 3.68B | 2.89B | 2.73B |
| Net Income | 694.56M | 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
Negative
18.57
Price Trends
17.54
Negative
17.68
Negative
19.35
Negative
Market Momentum
-0.38
Positive
35.48
Neutral
5.95
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2602, the sentiment is Negative. The current price of 18.57 is above the 20-day moving average (MA) of 18.37, above the 50-day MA of 17.54, and below the 200-day MA of 19.35, indicating a bearish trend. The MACD of -0.38 indicates Positive momentum. The RSI at 35.48 is Neutral, neither overbought nor oversold. The STOCH value of 5.95 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | HK$14.40B | 8.09 | 15.06% | 4.43% | 4.91% | 4.61% | |
71 Outperform | HK$12.27B | 12.27 | 11.23% | 2.78% | 6.95% | 28.21% | |
70 Outperform | HK$10.57B | 7.00 | 23.68% | 3.82% | 6.30% | -9.60% | |
69 Neutral | HK$17.77B | 22.14 | 4.62% | 1.77% | 2.94% | -39.39% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
57 Neutral | HK$16.10B | 23.80 | 1.66% | 4.94% | 9.98% | -68.38% | |
52 Neutral | HK$8.43B | 7.47 | 74.40% | ― | 6.46% | -3.32% |
* Real Estate Sector Average
HK:2602
Onewo, Inc. Class H
15.21
-4.28
-21.95%
HK:2669
China Overseas Property Holdings
3.22
-2.00
-38.28%
HK:6098
Country Garden Services Holdings Co
4.94
-1.02
-17.09%
HK:2869
Greentown Service Group Co. Ltd.
3.89
-0.24
-5.77%
HK:6049
Poly Property Services Co., Ltd. Class H
26.02
-5.35
-17.07%
HK:6666
Evergrande Property Services Group Ltd.
0.78
-0.07
-8.24%
Onewo, Inc. Class H Corporate Events
Onewo Shareholders Approve All Resolutions at 2025 AGM, Grant Capital Mandates
May 8, 2026
Shareholders of Onewo Inc. approved all resolutions put forward at the 2025 annual general meeting, held online on May 8, 2026, with approximately 84.25% of eligible shares represented and all items passing with strong majorities. The meeting endo...
Onewo sets final 2025 dividend and clarifies cross-border tax treatment
May 8, 2026
Onewo Inc. has proposed a final ordinary cash dividend of RMB 0.546 per share for the financial year ended 31 December 2025, with shareholders approving the payout on 8 May 2026. The dividend will be paid in Hong Kong dollars at HKD 0.624 per shar...
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...
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.