华菱钢铁(000932) - 2024 Q4 - 年度业绩预告

Financial Projections - The company expects a total profit of between 385 million yuan and 445 million yuan for the year 2024, representing a decline of 41% to 49% compared to the previous year[3]. - The net profit attributable to shareholders is projected to be between 170 million yuan and 230 million yuan, reflecting a decrease of 55% to 67% year-on-year[3]. - The net profit after deducting non-recurring gains and losses is estimated to be between 125 million yuan and 165 million yuan, down 65% to 73% from the previous year[3]. - The basic earnings per share are expected to be between 0.2461 yuan and 0.3329 yuan, compared to 0.7351 yuan in the previous year[3]. - The financial data presented is preliminary and will be detailed in the company's 2024 annual report[6]. - Investors are advised to pay attention to risks associated with the preliminary financial forecasts[6]. Industry Challenges - The steel industry is facing significant challenges, characterized by high production, high costs, low demand, and low prices, leading to a "three highs and three lows" situation[5]. - The company has maintained a leading profitability level in the steel industry, although it has not fully offset the adverse impacts of the changing operating environment[5]. - The company has experienced fluctuations in iron water costs due to scheduled production line maintenance[5]. Strategic Focus - The company is focusing on cost reduction and efficiency improvement while accelerating its transformation towards high-end, intelligent, and green production[5].