Shenyang Public Utility Holdings Company (HKG:0747) said it expects to swing to losses in the first half of 2025, according to a Hong Kong bourse filing Wednesday.

Shares of the infrastructure builder gained 1% in afternoon trade Thursday.

The firm is expecting 4.1 million yuan to 4.3 million yuan in losses, compared with a profit of 1.9 million yuan in the prior year.

The company's financial results are due later this month.