山东钢铁(600022) - 2024 Q2 - 季度业绩预告

Performance Forecast for the Current Period Forecast Period This chapter defines the specific time frame covered by the performance forecast - The performance forecast period is from January 1, 2024, to June 30, 2024[15] Overview of Current Period Performance Forecast This chapter outlines the company's expected financial performance for the first half of 2024, indicating a projected net loss attributable to parent company shareholders and a significant year-on-year decrease in net profit after non-recurring items Net Profit Attributable to Shareholders of the Listed Company The company anticipates a significant net loss attributable to parent company owners for the first half of 2024, representing a substantial decrease from the prior year 2024 H1 Net Profit Attributable to Parent Company Owners Forecast | Metric | Forecast Amount (Million Yuan) | Year-on-Year Change (Million Yuan) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Net Profit | -890 to -1040 | Decrease of 640.35 to 790.35 | Decrease of 256.5% to 316.58% | Net Profit Attributable to Shareholders of the Listed Company After Deducting Non-Recurring Gains and Losses The company also expects a net loss after deducting non-recurring gains and losses for the first half of 2024, with a significant year-on-year decline 2024 H1 Net Profit Attributable to Parent Company Owners After Non-Recurring Items Forecast | Metric | Forecast Amount (Million Yuan) | Year-on-Year Change (Million Yuan) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Net Profit After Non-Recurring Items | -895 to -1045 | Decrease of 500.06 to 650.06 | Decrease of 126.62% to 164.6% | Prior Period Performance Net Profit Attributable to Shareholders of the Listed Company This chapter provides net profit data attributable to shareholders of the listed company for the prior period, serving as a benchmark for the current performance forecast Prior Period Net Profit Attributable to Shareholders of the Listed Company | Metric | Amount (Million Yuan) | | :--- | :--- | | Net Profit | -249.65 | Net Profit Attributable to Shareholders of the Listed Company After Deducting Non-Recurring Gains and Losses This chapter presents net profit data attributable to shareholders of the listed company after deducting non-recurring gains and losses for the prior period Prior Period Net Profit Attributable to Shareholders of the Listed Company After Non-Recurring Items | Metric | Amount (Million Yuan) | | :--- | :--- | | Net Profit After Non-Recurring Items | -394.94 | Earnings Per Share This chapter lists the earnings per share data for the prior period Prior Period Earnings Per Share | Metric | Amount (Yuan/Share) | | :--- | :--- | | Earnings Per Share | -0.0233 | Primary Reasons for Expected Loss in the Current Period Market Environment and Industry Challenges This chapter analyzes the severe market environment faced by the steel industry in the first half of 2024, identifying it as a primary external factor contributing to the company's expected loss - In the first half of 2024, the steel industry experienced a trend of 'strong supply, weak demand, low prices, and high costs', severely compressing corporate profit margins and significantly narrowing purchase-sale price differences[10][17] Company Response Strategies and Management Reforms This chapter details the company's proactive management reforms to address market challenges, including deepening lean management, cost reduction and efficiency improvement, and leveraging external cooperation advantages - The company adopted 'reform for survival' as its management theme, comprehensively deepening management reforms, adhering to calculated operations, enhancing lean management, and implementing system-wide cost reduction efforts to improve purchase-sale price differences[17] - The company fully leveraged the significant opportunity of Baosteel Co., Ltd.'s associate company, Shandong Iron and Steel Group Rizhao Co., Ltd., utilizing its advantages in management, technology, talent, and resources to strengthen synergistic support[17] - Over 100 reform support projects were organized and implemented, covering various aspects such as procurement, marketing, production operations, financial management, and human resources[17] - Through management reforms in the first half, particularly since the second quarter, the company completed the reform of its management structure, reducing the number of management departments by over 50%[10] - The company's Jinan Gangcheng and Rizhao bases collectively achieved synergistic support benefits of approximately 210 million yuan[10] - The company's operating performance improved month-on-month, with a quarter-on-quarter reduction in losses exceeding 50% in the second quarter compared to the first, indicating continued effectiveness of reforms[17][10] Risk Warning Preliminary Nature of Performance Forecast This chapter advises investors that the performance forecast data is unaudited and represents preliminary calculations, with final financial data subject to the official report - The data in this performance forecast has not been audited by an accounting firm[11] - The forecast data is preliminary; the specific and accurate financial data will be based on the disclosures in the 2024 semi-annual report[11] - Investors are kindly advised to pay attention to investment risks[11][19] Other Explanatory Notes No Material Uncertainties This chapter declares that the company has no material uncertainties that could affect the accuracy of this performance forecast - The company has no material uncertainties that could affect the accuracy of this performance forecast[11] Explanation of Applicable Rules This chapter explains that this performance forecast complies with Article 5.1.1 of the Shanghai Stock Exchange Listing Rules regarding negative net profit forecasts - This performance forecast falls under the circumstance of 'negative net profit' as stipulated in Article 5.1.1 of the Shanghai Stock Exchange Listing Rules[14]