Landsea Green Life Reports 88.9% Drop in Profit, Revenue of GFA Under Management Up 3.3%

Reuters
Aug 29
Landsea Green Life Reports 88.9% Drop in Profit, Revenue of GFA Under Management Up 3.3%

Landsea Green Life Service Co. Ltd. has released its interim results for the six months ended 30 June 2025. The company reported a significant decrease in Profit for the Period, which stood at approximately RMB1 million, down by about 88.9% from approximately RMB9 million for the same period in 2024. The Group's contracted gross floor area $(GFA)$ as of 30 June 2025 expanded to approximately 33.06 million sq.m., with around 28.79 million sq.m. under management, marking a 0.6% increase compared to 31 December 2024. Despite the challenges in the real estate industry, Landsea Green Life achieved a 3.3% year-on-year increase in total revenue from GFA under management. The company has continued its digital transformation, with its online utility consumption allocation management system now covering 71% of projects under management. No dividends were paid or proposed during the reporting period.

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