Landsea Green Life Service Expects Return to Profit in 2025

Reuters
Yesterday
Landsea Green Life Service Expects Return to Profit in 2025

Landsea Green Life Service Co. Ltd. has announced that it expects to record a net profit attributable to equity owners of not less than RMB21 million for the year ended 31 December 2025, a significant turnaround compared to a net loss of approximately RMB318 million for the previous year. The improvement in business performance is mainly attributed to a decrease in provisions for impairment loss on trade and other receivables for 2025. The net loss in 2024 was primarily due to a one-off impairment loss of around RMB140 million on goodwill and intangible assets. The company is in the process of finalizing its audited annual results, which are expected to be released in late March 2026.

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