Kaisa Group (01638) announced that it expects to record a profit attributable to owners of the company of no less than RMB 50 billion for the year ending December 31, 2025. This contrasts with a net loss attributable to owners of RMB 28.5 billion for the 2024 financial year. The return to profitability in the current year is primarily due to the recognition of gains from the restructuring of its offshore debt. Excluding the impact of these gains from the offshore debt restructuring, the group anticipates it would report a loss attributable to owners for the year. This projected loss, excluding the one-time gain, is mainly attributed to a decrease in recognized revenue, influenced by market conditions, and an increase in provisions for impairments on property projects.