YNCE(SH:600792)2025-01-17 08:55Financial Performance Forecast - The company expects a net profit attributable to shareholders of the parent company for 2024 to be between -630 million and -575 million yuan[2]. - The net profit attributable to shareholders of the parent company, excluding non-recurring gains and losses, is expected to be between -627 million and -572 million yuan for 2024[3]. - The profit forecast is based on preliminary estimates by the company's finance department and has not yet been audited by a registered accountant[6]. - Investors are advised to be cautious as the forecast data is preliminary and the final audited financial data will be disclosed in the 2024 annual report[7]. Historical Financial Performance - In 2023, the net profit attributable to shareholders of the parent company was 147.01 million yuan, while the net profit excluding non-recurring gains and losses was -167.56 million yuan[4]. Factors Affecting Performance - The decline in performance is primarily due to the overall downturn in the steel and coking industry, leading to a decrease in product gross margins[5]. - The company has begun to incur depreciation and financial expenses related to a 2 million tons/year coking environmental relocation and upgrade project, impacting 2024 results[5]. - The subsidiary Shizong Coal Coking Co., Ltd. faced significant losses due to market pressures and inverted coal coking prices[5]. - The subsidiary Yunnan Kunsteel Heavy Equipment Manufacturing Group Co., Ltd. experienced a decline in orders, contributing to overall business losses[5].