MAS C.L.(600808)2025-01-24 09:50Financial Performance - The company expects a net profit attributable to shareholders of approximately -4.597 billion RMB for the year 2024, representing an increase in losses of about 3.270 billion RMB compared to the previous year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is estimated to be around -4.167 billion RMB, which is an increase in losses of approximately 2.447 billion RMB year-on-year[4]. - In the previous year, the net profit attributable to shareholders was -1.327 billion RMB, and the net profit after deducting non-recurring gains and losses was -1.720 billion RMB[5]. - The company reported a loss per share of -0.1724 RMB[7]. Industry Challenges - The steel industry is undergoing a deep adjustment, characterized by "reduction in development and optimization of existing capacity," leading to significant pressure on profit margins due to market supply-demand imbalance and high raw material costs[8]. - The financial department's preliminary calculations indicate a challenging market environment for the steel industry in 2024[4]. Non-Recurring Items - The company reported a non-recurring loss of approximately 430 million RMB, primarily due to losses from the disposal of non-current assets[8]. Operational Strategy - The company continues to implement the "2343" operational strategy to optimize product structure and improve product quality, although it has not yet reversed the operating loss situation[8]. Earnings Forecast - The earnings forecast data is preliminary and has not been audited, with detailed audited financial data to be disclosed in the 2024 annual report[10]. - There are no significant uncertainties affecting the accuracy of this earnings forecast[9].