---
title: "News: ONEWO's profit declined by 39% last year"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279893581.md"
description: "ONEWO Space Technology Service Co., Ltd. announced last year's revenue of 37.272 billion (5.4 billion USD), a year-on-year increase of 2.7%, but net profit fell by 39% to 695 million. Revenue from community space living consumption services increased by 11% to 23.23 billion, while revenue from business and urban space comprehensive services decreased by 4% to 11.79 billion. Revenue from AIoT and BPaaS solution services decreased by 26% to 220 million. Core net profit was 2.13 billion, a year-on-year increase of 0.8%. The stock price opened lower on Friday at HKD 17.44, down 6.44%"
datetime: "2026-03-20T06:16:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279893581.md)
  - [en](https://longbridge.com/en/news/279893581.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279893581.md)
---

# News: ONEWO's profit declined by 39% last year

Property management platform **ONEWO Space Technology Service Co., Ltd.** (2602.HK) announced on Thursday that its total revenue for the last year was 37.272 billion (USD 5.4 billion), an increase of 2.7% year-on-year, with a net profit of 695 million, a decline of 39%.

Last year, the revenue from community space living consumption services was 23.23 billion, an increase of 11% year-on-year; the revenue from commercial and urban space comprehensive services decreased by 4% year-on-year to 11.79 billion; the revenue from AIoT and BPaaS solution services decreased by 26% year-on-year to 220 million.

The revenue from continuing connected transactions was 2.24 billion, a decrease of 1.2 billion compared to the previous year, accounting for 6% of total revenue. The group's credit impairment losses increased by 570 million compared to the previous year, mainly due to a cautious principle, with an additional impairment provision of 740 million for amounts owed by related parties for the fiscal year 2025, an increase of 480 million compared to the previous year.

During the period, the core net profit was 2.13 billion, a year-on-year growth of 0.8%. Excluding the impact of developer business, the core net profit was 1.71 billion, a year-on-year growth of 11%.

ONEWO's stock price opened lower on Friday, reporting HKD 17.44 at noon, down 6.44%.

_Li Shida_

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