LANDSEA MGMT issues a profit warning, expecting a mid-term loss to narrow year-on-year to between 10 million and 80 million yuan
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LANDSEA MGMT issued a profit warning, expecting the interim loss for the period ending June 30, 2025, to narrow to between RMB 10 million and RMB 80 million, compared to a loss of approximately RMB 247 million for the same period in 2024. The reduction in loss is mainly attributed to increased sales and gross profit from the automotive parts business, as well as foreign exchange gains resulting from the appreciation of the RMB
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