Volcano Spring International expects reduced loss for 2024

Volcano Spring International Holdings Limited (HKEX:1715) has issued a profit warning, announcing expectations for a reduced net loss after tax of approximately RMB35.5 million for the year ended December 31, 2024. This compares favorably to the RMB49.3 million loss recorded in 2023. The company attributes the improved performance primarily to a decrease in administrative and selling expenses achieved through effective cost control measures, partially offset by a decrease in overall gross profit due to product mix changes. The preliminary results are based on unaudited consolidated management accounts and are subject to final review. The company advises shareholders and potential investors to exercise caution when dealing in the company's shares and to refer to the forthcoming annual results announcement, expected in March 2025, for complete details.