LING STEEL(SH:600231)2025-01-16 08:01Financial Performance - The company expects a net loss of approximately -1,678.46 million CNY for the year 2024, with a net profit attributable to shareholders after deducting non-recurring gains and losses estimated at -1,469.06 million CNY[3] - In the same period last year, the total profit was -916.17 million CNY, and the net profit attributable to shareholders was -681.17 million CNY, indicating a worsening performance year-over-year[4] Business Impact - The main business impact is due to a weak demand in the steel industry, with fluctuating steel prices and high raw material costs, leading to continued losses despite efforts to optimize production and reduce costs[7] - Non-operating losses impacted net profit by approximately 210.85 million CNY due to asset disposals related to capacity replacement and environmental upgrades[7] Financial Estimates - The company emphasizes that the above figures are preliminary estimates and the final audited financial data will be disclosed in the 2024 annual report[9] - There are no significant uncertainties affecting the accuracy of this earnings forecast[8]