Hengdeli Holdings (HKG:3389) expects a minimum loss attributable to its equity shareholders of 65 million yuan for 2024, against an attributable profit of 33.9 million yuan in 2023, a Friday bourse filing said.

The consumer goods trader attributed the expected swing to a decrease in sales and gross profit, an increase in depreciation expenses on property, plant and equipment, and foreign exchange losses resulting from the exchange rate fluctuations.