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OneForce Holdings Limited (1933) AI Stock Analysis

HK:1933

OneForce Holdings Limited

(HKEX:1933)

Select Model
Rating:39.6Underperform
Price Target:HKD 0.22â–²(2.38% Upside)
Action:downgraded
Date:08/21/26

The overall score is constrained mainly by deteriorating financial performance, including sharp revenue decline, a swing to significant losses, rising leverage, and negative operating and free cash flows. Technical indicators also point to a weak, oversold trend without clear signs of a sustained rebound, and the negative P/E with no dividend suggests the valuation does not yet compensate for these elevated fundamental and technical risks.

Positive Factors
Prior ProfitabilityPrior profitability shows the company has previously demonstrated an ability to convert operations into earnings. Although recent results have reversed sharply, that established earnings record provides some evidence of underlying business viability if revenue, pricing, and cost conditions can be restored.
Negative Factors
Revenue ContractionThe accelerating revenue contraction indicates weakening demand, reduced commercial scale, or an adverse business mix, and directly limits operating leverage. Continued top-line pressure would make recovery harder because the company has less revenue over which to spread fixed costs and support investment.

OneForce Holdings Limited (1933) vs. iShares MSCI Hong Kong ETF (EWH)

-50%0%50%100%150%200%HK:1933+32.08%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 104.04M
Dividend Yield
―
Average Volume (3M)
366.60K
Price to Earnings (P/E)
-0.7
Beta (1Y)
0.80
Revenue Growth
-41.05%
EPS Growth
-261.81%
Country
Hong Kong
Employees
143
Sector
Technology
Sector Strength
61
Industry
Software - Application

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, and...

OneForce Holdings Limited Financial Statement Overview

Summary

Revenue has contracted sharply, the company moved from profit to a large loss, margins are very thin, leverage is rising, and operating and free cash flow are negative, leaving the business under clear financial pressure.

Income Statement

22Negative

Balance Sheet

41Neutral

Cash Flow

19Very Negative
Financial statement breakdown
BreakdownTTMMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue217.08M211.47M377.69M490.55M449.86M376.70M
Gross Profit4.93M4.78M51.60M77.08M94.88M88.27M
EBITDA-118.93M-115.89M-33.44M19.80M48.84M40.90M
Net Income-131.93M-128.69M-37.55M8.36M32.57M22.02M
Balance Sheet
Total Assets376.33M376.33M565.11M656.50M559.13M433.98M
Cash, Cash Equivalents and Short-Term Investments23.09M23.09M56.06M62.89M55.52M37.92M
Total Debt120.84M120.84M130.26M143.05M75.54M48.13M
Total Liabilities270.39M270.39M325.48M379.42M290.66M198.87M
Stockholders Equity105.94M105.94M239.63M277.09M268.47M235.11M
Cash Flow
Free Cash Flow-25.00M-23.10M1.17M-48.64M3.75M-17.30M
Operating Cash Flow-24.86M-22.97M1.17M-48.28M3.90M-14.23M
Investing Cash Flow-141.86K-137.01K225.00K-357.00K-146.00K13.69M
Financing Cash Flow-9.00M-8.65M-8.21M55.74M22.56M7.87M

OneForce Holdings Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price0.21

Price Trends

50DMA0.22Negative
100DMA0.23Negative
200DMA0.21Negative

Market Momentum

MACD-0.00Positive
RSI44.42Neutral
STOCH28.79Neutral

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 0.21 is below the 20-day moving average (MA) of 0.22, below the 50-day MA of 0.22, and below the 200-day MA of 0.21, indicating a bearish trend. The MACD of -0.00 indicates Positive momentum. The RSI at 44.42 is Neutral, neither overbought nor oversold. The STOCH value of 28.79 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

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

HK:1933 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:0268HK:026872OutperformHKD 29.85B103.843.02%―16.98%―
HK:1588HK:158867NeutralHKD 1.39B13.059.51%10.38%21.19%19.81%
HK:3896HK:389666NeutralHKD 18.67B-5.57-7.08%―35.32%74.56%
Sector *61Neutral$37.18B12.37-10.20%1.83%8.50%-7.62%
HK:1675HK:167545NeutralHKD 2.98B-13.42-2.55%1.70%-2.82%-152.77%
HK:2013HK:201342NeutralHKD 2.70B-6.30-13.18%―40.17%76.39%
HK:1933HK:193340UnderperformHKD 104.04M-0.66-96.21%―-41.05%-261.81%

* Technology Sector Average

Performance Comparison

0%100%HK:1933HK:0268HK:2013HK:1675HK:1588HK:3896Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:1933 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:1933OneForce Holdings Limited0.210.0532.08%
HK:0268Kingdee International Software Group Co 8.51-6.60-43.68%
HK:2013Weimob 0.66-1.64-71.30%
HK:1675AsiaInfo Technologies Limited3.17-5.79-64.64%
HK:1588Chanjet Information Technology Co., Ltd. Class H4.32-4.19-49.29%
HK:3896Kingsoft Cloud Holdings Ltd4.12-2.52-37.95%

OneForce Holdings Limited Corporate Events

OneForce Shareholders Unanimously Back Governance and Capital Mandates at AGM

Sep 21, 2026

Shareholders of OneForce Holdings Limited unanimously approved all resolutions at the annual general meeting held on 21 September 2026 in Beijing, covering adoption of audited financial statements for the year ended 31 March 2026 and the re-election...

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 for...

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 record...

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.

Date of analysis: Aug 21, 2026