OneForce Holdings Ltd. Reports 23% Drop in Revenue and RMB 37.55 Million Loss for Fiscal Year Ending March 2025; EPS Falls to -7.58 RMB Cents

Reuters
Jun 30
OneForce Holdings Ltd. Reports 23% Drop in Revenue and RMB 37.55 Million Loss for Fiscal Year Ending March 2025; EPS Falls to -7.58 RMB Cents

OneForce Holdings Ltd. has announced its financial results for the year ended March 31, 2025. The company reported a decrease in revenue to RMB 377.7 million from RMB 490.6 million in the previous year, representing a decline of approximately 23.0%. This reduction in revenue was primarily attributed to a decrease in the number of projects undertaken during the year, as the company focused on strengthening cash flow management by reducing projects with longer payment cycles. The gross profit also declined by approximately 33.1%, falling from RMB 77.1 million to RMB 51.6 million. This decrease was largely due to intensified market competition, prompting the company to adjust its pricing strategies for new projects in order to secure long-term customers. OneForce Holdings Ltd. reported a loss attributable to shareholders of RMB 37.6 million, compared to a profit of RMB 8.4 million in the previous year. The shift from profit to loss, amounting to approximately RMB 45.9 million, was mainly driven by the decrease in gross profit, an increase in impairment losses on trade receivables, contract assets, and other receivables by RMB 18.9 million, and a rise in financial costs by RMB 1.1 million. The company did not provide specific outlook or guidance for the upcoming period.

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