Qinqin Foodstuffs Group (Cayman) (HKG:1583) expects a profit attributable to equity shareholders between 19 million yuan and 23 million yuan for 2024, against an attributable loss of 2 million yuan in 2023, a Wednesday bourse filing said.

The food and snack products company attributed the expected turnaround to an increase in revenue during 2024 and the lack of certain losses during this year, which were present in 2023.

The company also recorded a loss on disposal of property, plant, and equipment and a decrease in government grants during the reporting period.