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Onewo, Inc. Class H

Onewo, Inc. Class H

HHKEX:2602
19.75
HKD
+0.45
(+2.33%)
21.26BMarket Cap
Mar 30Next Earn
Onewo, Inc. Class H
HKEX:2602
(Hong Kong Exchange)

Recent

price

19.75

P/E

ratio

- -

div

yld

- -

ROIC.AI

2019
2020
2021
2022
2023
2024
2025
TTM
CNY
11.93
15.55
20.31
27.82
28.16
30.91
32.23
- -
Revenue per Share
0.87
1.25
1.43
1.4
1.66
0.97
0.6
- -
Basic EPS, GAAP
1.67
2.06
2.19
2.12
1.88
1.11
1.33
- -
Free Cash Flow per Basic Share
0.21
0.27
1.92
1.2
0.24
2.07
1.83
- -
Dividend per Share
4.7
5.36
8.48
13.97
14.97
14.54
12.64
12.64
Book Value per Share
4.46
4.86
1.41
6.75
8.18
7.88
6.18
6.18
Tangible Book Value per Share
1,167
1,167
1,167
1,082
1,178
1,174
1,157
1,158
Basic Weighted Avg Shares
13,927
18,145
23,705
30,106
33,183
36,284
37,272
- -
Sales/Revenue/Turnover
9.64
10.85
9.04
6
7.23
6.17
5.86
- -
Operating Margin (%)
243
214
395
855
1,016
1,057
1,049
- -
Depreciation Expense
1,020
1,464
1,668
1,512
1,955
1,138
695
- -
Net Income, GAAP
28.49
27.98
26.11
21.45
23.4
26.14
24.32
- -
Effective Tax Rate (%)
7.32
8.07
7.04
5.02
5.89
3.14
1.86
- -
Profit Margin (%)
214
696
-2,574
4,075
6,202
4,634
1,320
1,320
Working Capital
136
149
154
124
252
796
182
182
LT Debt
5,670
6,565
10,312
17,002
18,220
17,656
15,431
15,431
Total Equity
- -
18.89
16.32
9.06
9.22
5.96
4.43
- -
Return on Invested Capital (%)
- -
22.41
18.74
10.39
10.5
5.66
3.71
- -
Return on Capital (%)
- -
24.93
20.65
11.47
11.48
6.6
4.41
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
115
123
92
LT Borrowings
563
555
- -
LT Finance Leases
234
215
182
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,161
1,160
1,155
Market Capitalization
22,305
22,284
19,106

Working Capital

CNY

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
23,810
21,865
20,691
Cash, Cash Equivalents & STI
13,641
10,993
11,158
Accounts Receivable, Net
6,544
8,009
6,004
Inventories
102
84
208
Total Current Liabilities
19,177
18,547
19,370
Payables & Accruals
- -
- -
- -
ST Debt
115
123
92
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
22.68%
-12.6%
Free Cash Flow
- -
-6.23%
17.22%
Net Income, GAAP
- -
-9.38%
-38.96%
Sales/Revenue/Turnover
- -
15.98%
2.72%
Total Cash Common Dividend
- -
245.25%
-12.9%

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
33,183
2024
- -
- -
36,284
2025
- -
- -
37,272

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
1.66
2024
- -
- -
0.97
2025
- -
- -
0.6

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.24
2024
- -
- -
2.07
2025
- -
- -
1.83
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Business
Onewo Inc. (2602.HK) is a leading real estate developer focused on residential, commercial, and integrated property projects primarily in mainland China. The company develops and sells high-end apartments, luxury villas, office buildings, retail complexes, and mixed-use developments; it also provides property management services, construction consultancy, and investment in real estate funds. Founded in 2002 and headquartered in Shanghai, Onewo operates across major Chinese cities including Shanghai, Beijing, Shenzhen, and Hangzhou, targeting affluent buyers and institutional investors in the premium property segment. Recent strategic moves include a major partnership with international architects for sustainable urban projects announced in late 2024 and expansion into green building certifications following a HKD 2.5 billion funding round in early 2025 to support new developments in the Yangtze River Delta region.