LANDSEA LIFE (01965) released its annual performance with a net profit attributable to shareholders of 23.01 million yuan, turning from a loss to a profit year-on-year.

Landsea Life (01965) announced its annual performance for the year ending December 31, 2025. The group achieved a revenue of 779 million yuan, a decrease of 1.28% compared to the previous year. The profit attributable to equity holders of the company was 23.01 million yuan, compared to a loss of 318 million yuan in the same period last year. Earnings per share were 0.060 yuan. The announcement stated that the group's revenue decreased by 1.28% year-on-year due to the group's further improvement in the market-oriented operation of properties, reducing its reliance on real estate business. Income from non-owner value-added services continued to decrease and the proportion decreased. The group decisively withdrew from long-term loss-making projects and projects that did not match the group's service quality. At the same time, with a good reputation for quality service, the group successfully expanded into multiple high-quality projects in 2025, driving a steady increase in managed construction area. As a result, the revenue of the property management service sector achieved high-quality growth. The market for rental housing and individual housing units has entered the market on a large scale, leading to intense competition in the apartment rental market and a corresponding decrease in income from apartment operation and management services.