xinsteel(SH:600782)2025-01-17 13:05Financial Performance Forecast - The company expects a net profit attributable to shareholders of the parent company for 2024 to be between 23 million and 33.5 million yuan, a decrease of 46.42 million to 47.47 million yuan compared to the same period last year, representing a year-on-year decline of 93.26% to 95.37%[2][3]. - The expected net profit attributable to shareholders of the parent company, after deducting non-recurring gains and losses, is projected to be between -818 million and -807.5 million yuan, a decrease of 51.12 million to 52.17 million yuan compared to the same period last year[4]. - The total profit for the same period last year was 559.10 million yuan, with a net profit attributable to shareholders of the parent company of 497.74 million yuan[5]. - The company reported earnings per share of 0.16 yuan for the previous year[6]. Market Conditions - The main reason for the significant decline in performance is the severe situation in the steel industry, characterized by oversupply and weak demand, leading to a substantial drop in operating performance despite cost-cutting measures[7]. - Non-operating gains and losses for 2024 are expected to be around 840 million yuan, primarily from investment income and gains from the disposal of non-current assets[7]. - The company emphasizes a focus on internal management potential and cost reduction strategies to navigate the challenging market environment[7]. Performance Forecast Accuracy - There are no significant uncertainties affecting the accuracy of this performance forecast[8]. - The data provided is preliminary and subject to change, with the final audited financial data to be disclosed in the 2024 annual report[9][10].