FANGDA S.Steel(SH:600507)2025-01-17 10:30Financial Performance Forecast - The company expects a net profit attributable to shareholders of the parent company for 2024 to be between 270 million and 320 million yuan, a decrease of 53.54% to 60.80% compared to the previous year[2]. - The net profit after deducting non-recurring gains and losses is projected to be between 215 million and 265 million yuan, representing a decline of 60.72% to 68.13% year-on-year[4]. - The previous year's net profit attributable to shareholders was 688.82 million yuan, with a net profit of 674.63 million yuan after deducting non-recurring gains and losses[5]. Factors Affecting Profitability - The decline in profitability is primarily due to the steel industry's continued weak demand and low steel prices, coupled with relatively high raw material costs, leading to a decrease in gross margin[7]. Non-Operating Gains and Losses - Non-operating gains and losses for 2024 are estimated to be around 55 million yuan, mainly from increased non-operating income and asset disposal gains[7]. Forecast Validity - The performance forecast is based on preliminary calculations by the company's finance department and has not yet been audited by the annual auditor[8]. - Investors are advised to note that the forecast data is preliminary and the final financial data will be disclosed in the official 2024 annual report[9].