LANDSEA LIFE (01965) announced that the group expects to record a net profit attributable to owners of the company of no less than RMB 21 million for the year ending December 31, 2025. This compares to a net loss attributable to owners of approximately RMB 318 million for the year ended December 31, 2024. The improvement to a net profit is primarily due to a reduction in the impairment loss provision for trade receivables and other receivables under the expected credit loss model for the 2025 financial year. Furthermore, the net loss reported for the 2024 financial year was mainly attributable to a one-time impairment loss on goodwill and intangible assets of approximately RMB 140 million.