SCC(600740)2025-01-14 07:45Financial Performance Forecast - The company expects a net profit attributable to shareholders for 2024 to be between 238.71 million and 285.71 million CNY, a decrease of 989.56 million to 1,036.56 million CNY compared to the previous year's profit of 1,275.27 million CNY, representing a year-on-year decline of 77.60% to 81.28%[3] - The expected net profit attributable to shareholders after deducting non-recurring gains and losses for 2024 is projected to be between 214.33 million and 261.33 million CNY, down 1,011.44 million to 1,058.44 million CNY from the previous year's figure of 1,272.77 million CNY, indicating a year-on-year decrease of 79.47% to 83.16%[4] - The company reported a net profit of 1,275.27 million CNY for the previous year, with a net profit of 1,272.77 million CNY after deducting non-recurring gains and losses, and earnings per share of 0.4977 CNY[6] Reasons for Profit Decline - The primary reason for the profit decline is attributed to the weak performance in the coal, coke, and steel markets, with overall profit levels for coking enterprises significantly dropping due to weak supply and demand dynamics in the coke market[7] - The investment income from the joint venture, China Coal Huajin Group Co., Ltd. (49% stake), is expected to decrease due to a decline in profits for the year, impacting the company's performance forecast[7] Management and Operational Strategies - The company is implementing lean management and deepening reforms in equipment maintenance, operations, and engineering construction to ensure stable production and operations amid challenging market conditions[7] Forecast Accuracy and Disclosure - The performance forecast is based on preliminary calculations by the company's finance department and has not been audited by registered accountants, with no significant uncertainties affecting the accuracy of the forecast[8] - The company emphasizes that the forecast data is preliminary and the accurate financial data will be disclosed in the audited annual report for 2024[9] - The designated information disclosure newspapers are "China Securities Journal" and "Shanghai Securities Journal," with the Shanghai Stock Exchange website as the official disclosure platform[10] - The board of directors announced the performance forecast on January 15, 2025[11]