ONEFORCE HLDGS issues a profit warning, expecting an annual loss attributable to shareholders of approximately 37 million to 39 million yuan
ONEFORCE HLDGS issued a profit warning, expecting a shareholder loss of approximately HKD 37 million to HKD 39 million for the year ending March 31, 2025, with revenue around HKD 370 million to HKD 380 million. The previous year's profit was approximately HKD 8.35 million. The reasons for the loss include intensified market competition, increased management expenses, and impairment losses. Despite the losses, the board remains optimistic about future performance and plans to continue focusing on technology research and development and talent cultivation to enhance competitiveness and seize development opportunities
According to the Zhitong Finance APP, ONEFORCE HLDGS (01933) announced that the group expects to achieve revenue of approximately RMB 370 million to RMB 380 million for the year ending March 31, 2025, while for the year ending March 31, 2024, it expects to achieve revenue of approximately RMB 490 million. The group anticipates a loss attributable to shareholders of approximately RMB 37 million to RMB 39 million for the current year, compared to a profit of approximately RMB 8.35 million in the previous year.
The shift from profit to loss this year is due to: (i) intensified market competition, leading the group to adjust pricing for new projects to secure long-term clients; (ii) an increase in management expenses, primarily due to higher upfront R&D investments for future projects; (iii) an increase in impairment losses and financial costs.
Despite the loss attributable to shareholders this year, the group maintains robust business operations. The board of directors holds an optimistic view on the group's performance for the upcoming fiscal year. The group will continue to focus on technological product R&D and talent development, enhancing technological and product competitiveness, seizing development opportunities in China's energy internet and new infrastructure sectors, and creating greater value for shareholders
