OneForce Holdings Limited (HK:1933) has released an update.
OneForce Holdings Limited has issued a profit warning, indicating an expected increase in revenue to RMB480-500 million, but a substantial decrease in profit by approximately 72%-75% for the fiscal year ending March 31, 2024. The dip in profits is attributed to higher labor costs, competitive pricing adjustments, and increased impairment losses and financial costs, despite growth in their electric power information technology business. The company remains optimistic about future performance and is focused on R&D and talent retention to enhance their market position.
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