Nayuki Holdings (HKG:2150) expects an adjusted net loss between 880 million yuan and 970 million yuan against an adjusted net profit of 20.9 million yuan, a Friday bourse filing said.
The company also expects revenue between 4.80 billion yuan and 5.10 billion yuan during the reporting year, lower than 5.16 billion yuan from 2023.
The Chinese teahouse chain attributed the expected swing to consumer behavior, a loss on the closure of its stores, and a share loss of associates and an impairment loss arising from certain investments.
Shares closed over 5% lower on Friday.
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