OneForce Holdings issues profit warning on revenue decline

OneForce Holdings Limited has issued a profit warning, projecting a revenue range of RMB370 million to RMB380 million for the year ending March 31, 2025, compared to RMB490 million in the previous year. The company also expects to record a loss attributable to shareholders in the range of RMB37 million to RMB39 million, a stark contrast to the previous year's profit of RMB8.35 million. The primary factors contributing to this downturn are a reduction in the number of projects, intensified market competition necessitating pricing adjustments, increased investment in research and development, and higher impairment losses. While the company faces these challenges, OneForce remains optimistic about its future performance and is focused on R&D, talent development, and seizing opportunities in energy internet and new infrastructure in Mainland China. The company advises shareholders to exercise caution when dealing in the shares of the Company, until annual results can be published in late June 2025.