Shenguan Holdings (Group) (HKG:0829) expects an attributable loss of between 35 million yuan and 43 million yuan in the first half of 2025, compared with an attributable profit of 8.2 million yuan a year prior, a Thursday filing with the Hong Kong bourse said.

The collagen and food products manufacturer attributed the forecast to a lower sales revenue, an increase in inventory write-offs and provisions, post-tax valuation losses on investment properties, and adjustments in overall financial planning.