Property management company Onewo Inc. (2602.HK) said on Thursday its revenue rose 2.7% year-on-year to 37.27 billion yuan ($5.4 billion) in 2025, while its net profit for the year fell 39% to 695 million yuan.
Revenue from the company’s core community space living and consumption services segment rose 11% last year to 23.23 billion yuan, while commercial and urban space integrated services declined 4% to 11.79 billion yuan. AIoT and BPaaS solutions dropped 26% to 220 million yuan, with income from continuing connected transactions also falling sharply to 2.24 billion yuan, down 1.2 billion yuan year-on-year and accounting for 6% of total revenue.
The company recorded a big increase in credit impairment losses, which rose by 570 million yuan year-on-year. It attributed the increase to additional provisions of 740 million yuan for receivables from related parties in 2025, up 480 million yuan from the previous year.
Onewo’s core net profit rose by a slight 0.8% year-on-year to 2.13 billion yuan in 2025. Excluding the impact of developer-related businesses, its core net profit increased 11% to 1.71 billion yuan.
Onewo’s shares opened lower on Friday and closed down 6.44% at HK$17.44 by the midday break.
By Lee Shih Ta
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