SHANDONG STEEL(SH:600022)2025-01-17 09:05Financial Performance Forecast - The company expects a net profit attributable to shareholders of the parent company for 2024 to be between -2.4 billion and -2.05 billion yuan, indicating a larger loss compared to the previous year's loss of approximately -399.6 million yuan [2]. - The estimated net profit attributable to shareholders of the parent company, excluding non-recurring gains and losses, is projected to be between -2.44 billion and -2.09 billion yuan [2]. - The total profit for the previous year was -98.2 million yuan, with a net profit attributable to shareholders of the parent company at -399.6 million yuan [4]. Operational Changes and Efficiencies - The company has initiated comprehensive transformation efforts to cope with severe market conditions, focusing on cost reduction and efficiency improvement [4]. - The cost per ton of steel has been reduced by over 80 yuan, and export settlement volume has exceeded 1.1 million tons, showing significant growth compared to last year [4]. - The internal sales product structure has improved efficiency by over 30 yuan per ton, and operating cash flow has significantly improved compared to the previous year [4]. Market Challenges - The company faces substantial pressure and challenges due to the unchanged domestic steel market environment, production restrictions, and concentrated expense handling [4]. Audit and Reporting - The company has communicated with the auditing firm regarding the performance forecast, and there are no significant discrepancies [4]. - The forecast data is preliminary and has not been audited by registered accountants; final financial data will be disclosed in the 2024 annual report [4].