RUISEN LIFE SER (01922) announced a projected mid-term profit for shareholders of around RMB 50 to 60 million, compared to a loss in the same period last year.

RUISEN LIFE SER (01922) announced that the group is expected to achieve a net profit attributable to owners of the company of approximately RMB 50-60 million for the six-month period ending on June 30, 2025, while a net loss of approximately RMB 15.4 million was recorded for the six-month period ending on June 30, 2024. The turnaround from loss to profit is mainly due to impairment losses on financial assets of approximately RMB 60 million and impairment losses on parking space deposits of approximately RMB 24 million for the six-month period ending on June 30, 2024, which were not present in the current period.