Easou Technology (HKG:2550) forecasts it will swing to a loss of 2 million yuan in 2024 from a profit of 25 million in 2023, according to a Wednesday filing with the Hong Kong bourse.

The Chinese digital content service company sees revenue slipping 8% from 559 million yuan in 2023, the filing said.

The foreseen loss is attributable to expenses incurred from its initial public offering, as well as higher selling and distribution costs in its overseas markets during the second half, the filing said.

Easou plans to release full-year results on March 28.