MAS C.L.(600808)2024-07-10 10:21Financial Performance - Expected net profit attributable to shareholders for the first half of 2024 is approximately RMB -1.148 billion, a reduction in loss of approximately RMB 1.087 billion compared to the same period last year[2][3] - Net profit attributable to shareholders after deducting non-recurring gains and losses is approximately RMB -1.240 billion, a reduction in loss of approximately RMB 1.389 billion compared to the same period last year[3] - Net profit attributable to shareholders for the first half of 2023 was RMB -2.235 billion, and after deducting non-recurring gains and losses, it was RMB -2.629 billion[4] Reasons for Loss - The main reasons for the expected loss include weak market demand, declining steel prices, and high raw material costs[5] Operational Improvements - The company has implemented measures to improve operational efficiency and reduce costs, leading to a significant improvement in performance compared to the same period last year[6] Non-Recurring Items - Non-recurring gains and losses for the period include approximately RMB 92 million from non-current asset disposals and government subsidies[6]