Tian Chang Group Holdings (HKG:2182) expects a net loss between HK$10 million and HK$15 million for 2024, against a net profit of HK$23.5 million logged for 2023, a Friday bourse filing said.

The industrial mold manufacturer attributed the expected swing to a decrease in sales and revenue from its integrated plastic solutions and the electronic cigarette segments resulting from the shift in consumer spending behavior and a challenging global business environment.