Pangang (000629)2025-01-17 11:05Financial Performance Forecast - The estimated net profit attributable to shareholders for 2024 is projected to be between 260 million and 300 million CNY, a decrease of 71.64% to 75.42% compared to the previous year's profit of 1,057.66 million CNY[3] - The net profit after deducting non-recurring gains and losses is expected to be between 230 million and 270 million CNY, down 74.22% to 78.04% from 1,047.28 million CNY in the same period last year[3] - The basic earnings per share are projected to be between 0.0280 CNY and 0.0323 CNY, compared to 0.1184 CNY in the previous year[3] Reasons for Decline - The primary reason for the decline in net profit is attributed to the decrease in vanadium product prices during the reporting period[5] - The company is actively responding to market changes by adjusting product varieties to mitigate the impact of falling prices[5] Reporting and Disclosure - The financial data for 2024 will be detailed in the annual report, which will be disclosed in accordance with relevant laws and regulations[7] - The performance forecast has not been audited by registered accountants and is based on preliminary calculations by the company's finance department[4] - The company will continue to communicate with its auditing firm regarding the performance forecast[4] - The designated media for information disclosure includes "China Securities Journal," "Shanghai Securities Journal," "Securities Times," and the Giant Tide Information Network[7] Investor Guidance - The company emphasizes the importance of cautious decision-making for investors due to the projected decline in earnings[7]