Hebei Yichen Industrial Group (HKG:1596) expects a net loss of 50.8 million yuan for the year 2024, compared with a net gain of 50.3 million yuan a year prior, a Thursday filing with the Hong Kong bourse said.

The railway sleeper products provider attributed the anticipated swing to loss mainly to an impairment loss subject to provision, loss from changes in the fair value of financial assets held for trading, investment loss from the disposal of financial assets held for trading, and a lower gross profit of its products.

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