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Onewo (2602) investor relations material
Onewo H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for the six months ended June 30, 2025, increased by 3.1% year-over-year to RMB18,137.5 million, with recurring businesses contributing 89.9% of total revenue and growing 9.5% period to period.
Gross profit rose 3.8% to RMB2,492.9 million, with a stable gross margin of 13.7%.
Profit for the period grew 5.4% to RMB837.8 million, and core net profit increased 10.8% to RMB1,321.1 million.
The board recommended an interim dividend of RMB1,100 million (RMB0.951 per share, including tax).
Financial highlights
Community space living consumption services revenue rose 11.8% to RMB11,325.0 million.
Commercial and urban space integrated services revenue declined 5.2% to RMB5,748.7 million due to a strategic reduction in developer-related business.
AIoT and BPaaS solution services revenue fell 23.6% to RMB1,063.8 million, with AIoT solutions down 66.2% but BPaaS solutions up 9.0%.
Administrative expenses decreased by 8.0% to RMB885.8 million, with the expense ratio down 0.6 percentage points to 4.9%.
Cash and cash equivalents stood at RMB10,937.0 million as of June 30, 2025.
Outlook and guidance
The company will focus on capacity building from 2025-2027, advancing strategies in asset service, intelligence, and low carbon, including Onewo Town+, Commercial Enterprise Service+, and Ecosystem+.
Flexible pricing and value-aligned property services, along with technology integration, are expected to drive new growth in residential markets.
Expansion into intelligent finance and healthcare is planned for the ToB business.
- TimeTickerHeadlineOpen
- 6 FebPENG
All proposals passed, with no questions raised during the Q&A session. - 6 FebSCW
Q2 2024 revenue up 115% y/y, backlog nearly doubled, Space segment leads growth. - 6 FebPECO
2026 FFO per share growth guided at 5.5% with record occupancy and strong acquisitions. - 6 FebISCTR
Net profit up 90% in 2025, with strong NIM, fee growth, and positive 2026 outlook. - 6 FebSCW
Record revenue, surging backlog, and major space contracts set the stage for 2025 growth. - 6 FebSCW
Q2 2025 revenue surged 120% y/y, driven by a record Asian contract and a tripled backlog. - 6 FebSCW
Q1 2025 revenue jumped 97% year-over-year, with strong backlog and major new contracts secured. - 6 FebSCW
Q3 revenue up 39% y/y, backlog at 58.3 mln PLN, Space leads growth with global contracts. - 6 FebGHM
Q3 FY26 delivered 21% revenue growth, record backlog, and raised full-year guidance. - 6 FebJKHY
Record revenue and net income growth drive raised guidance and strong segment performance.
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