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OneForce Holdings Limited
(1933)
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Rating:43Neutral
Price Target:
HK$0.23
▲(41.88% Upside)
Action:Reiterated
Date:08/21/26
The score is primarily weighed down by sharply weakening fundamentals (revenue decline, margin collapse, recent losses, higher leverage from equity erosion, and volatile/negative cash flows). Technical indicators also point to a weak trend with bearish momentum, and valuation is constrained by a loss-making profile (negative P/E) with no dividend support.
Positive Factors
Historical Profitability
Prior profitability demonstrates that the business has previously converted operations into earnings, providing evidence of an established commercial model. Although recent results have weakened sharply, this historical capability may support recovery if revenue and margins stabilize over the next several quarters.
Negative Factors
Revenue Contraction
Sustained revenue contraction indicates weakening demand, market position, or business activity and reduces the scale available to absorb fixed costs. A second consecutive annual decline makes recovery less certain and can continue pressuring earnings, investment capacity, and operating leverage.
Read all positive and negative factors
Positive Factors
Negative Factors
Historical Profitability
Prior profitability demonstrates that the business has previously converted operations into earnings, providing evidence of an established commercial model. Although recent results have weakened sharply, this historical capability may support recovery if revenue and margins stabilize over the next several quarters.
Read all positive factors
OneForce Holdings Limited (1933) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$100.07M
Dividend YieldN/A
Average Volume (3M)1.01M
Price to Earnings (P/E)―
Beta (1Y)0.51
Revenue Growth-41.05%
EPS Growth-261.81%
CountryHK
Employees143
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.27
Shares Outstanding503,927,200
10 Day Avg. Volume309,200
30 Day Avg. Volume1,005,733
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.88
Price to Sales (P/S)0.44
P/FCF Ratio-4.05
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
OneForce Holdings Limited Business Overview & Revenue Model
Company Description
OneForce Holdings Limited, through its group of companies, delivers information technology services across the People's Republic of China. The firm's business is organized into three primary divisions: Software and Solutions, Technical Services, a...
OneForce Holdings Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
38
Negative
Cash Flow
26
Negative
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 211.47M | 377.69M | 490.55M | 449.86M | 376.70M |
| Gross Profit | 4.78M | 51.60M | 77.08M | 94.88M | 88.27M |
| EBITDA | -115.96M | -33.44M | 13.52M | 37.89M | 28.85M |
| Net Income | -128.69M | -37.55M | 8.36M | 32.57M | 22.02M |
Balance Sheet | |||||
| Total Assets | 376.33M | 565.11M | 656.50M | 559.13M | 433.98M |
| Cash, Cash Equivalents and Short-Term Investments | 23.09M | 56.06M | 62.89M | 55.52M | 37.92M |
| Total Debt | 120.84M | 130.26M | 143.05M | 75.54M | 48.13M |
| Total Liabilities | 270.39M | 325.48M | 379.42M | 290.66M | 198.87M |
| Stockholders Equity | 105.94M | 239.63M | 277.09M | 268.47M | 235.11M |
Cash Flow | |||||
| Free Cash Flow | -23.10M | 1.17M | -48.64M | 3.75M | -17.30M |
| Operating Cash Flow | -22.97M | 1.17M | -48.28M | 3.90M | -14.23M |
| Investing Cash Flow | -137.01K | 225.00K | -357.00K | -146.00K | 13.69M |
| Financing Cash Flow | -8.65M | -8.21M | 55.74M | 22.56M | 7.87M |
OneForce Holdings Limited Technical Analysis
Negative
0.16
Price Trends
0.23
Negative
0.23
Negative
0.20
Positive
Market Momentum
>-0.01
Negative
41.78
Neutral
70.98
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1933, the sentiment is Negative. The current price of 0.16 is below the 20-day moving average (MA) of 0.22, below the 50-day MA of 0.23, and below the 200-day MA of 0.20, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 41.78 is Neutral, neither overbought nor oversold. The STOCH value of 70.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1933.
OneForce Holdings Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | HK$1.47B | 13.75 | 9.51% | 6.35% | 21.19% | 19.81% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | HK$29.38B | 100.48 | 3.02% | 0.10% | 16.98% | ― | |
56 Neutral | HK$25.13B | -7.40 | -7.08% | ― | 35.32% | 74.56% | |
54 Neutral | HK$3.95B | -17.42 | -2.55% | 1.33% | -2.82% | -152.77% | |
43 Neutral | HK$100.07M | -0.64 | -96.21% | ― | -41.05% | -261.81% | |
43 Neutral | HK$4.00B | -8.78 | -13.18% | ― | 40.17% | 76.39% |
* Technology Sector Average
HK:1933
OneForce Holdings Limited
0.20
0.04
26.25%
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OneForce Holdings Limited Corporate Events
OneForce Sets AGM to Seek Shareholder Approval for Director Re-Elections and Capital Mandates
Jul 24, 2026
OneForce Holdings Limited has called an annual general meeting to be held physically in Beijing on 21 September 2026, where shareholders will review and adopt the audited consolidated financial statements and the reports of directors and auditor f...
OneForce Reschedules Register Closure Ahead of September AGM
Jul 24, 2026
OneForce Holdings Limited has revised the closure period of its register of members ahead of its annual general meeting scheduled for 21 September 2026, rescheduling the book closure to run from 16 to 21 September, with 21 September set as the rec...
OneForce Widens Loss as It Resets Strategy in China’s Smart Energy Market
Jun 26, 2026
OneForce Holdings reported a sharp downturn for the year to 31 March 2026, with revenue sliding 42% to RMB219.2 million and gross profit shrinking 90.4%, driving its gross margin down to 2.3%. The loss attributable to shareholders widened to RMB13...
OneForce Warns of Wider Annual Loss on Revenue Slump and Credit Provisions
Jun 18, 2026
OneForce Holdings has issued a profit warning, indicating that revenue for the year ended 31 March 2026 is expected to fall sharply to about RMB200 million–RMB220 million from RMB378 million a year earlier, while its loss attributable to sha...
OneForce Sets June Board Meeting to Approve Annual Results and Consider Dividend
Jun 15, 2026
OneForce Holdings Limited has scheduled a board meeting for 26 June 2026 to review and approve the group’s annual results for the year ended 31 March 2026 and to authorize their publication. The board will also consider the payment of a fina...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.