Volcano Spring International Holdings (HKG:1715) expects 35.5 million yuan in net loss for 2024, narrower than the 49.3 million yuan loss in 2023, a Tuesday Hong Kong bourse filing said.

The kitchen appliances company attributed the expected reduction to a combined effect of lower administrative, sales, and distribution expenses and a decrease in gross profit resulting from a change in product mix.

Shares of the company were down nearly 5% in recent trade.