XINJIANG TIANYE(SH:600075)2025-01-23 11:00Financial Performance - The company expects a net profit of approximately 65 million yuan for the fiscal year 2024, marking a turnaround from a loss in the previous year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be around -91 million yuan for 2024[4] - In 2023, the company reported a net loss of approximately 775.4 million yuan, with a loss of 680.9 million yuan after deducting non-recurring gains and losses[5] Factors Influencing Profitability - The primary reasons for the profit turnaround include a significant decrease in procurement prices for key raw materials like coal and coke, and effective cost control measures[7] - The company benefits from a tax policy allowing advanced manufacturing enterprises to deduct an additional 5% of the input VAT, leading to increased other income[7] - The company reported increased investment income from its main joint ventures compared to the previous year[7] Forecast and Risks - The performance forecast is based on preliminary calculations and has not been audited by registered accountants[4] - There are no significant uncertainties affecting the accuracy of this performance forecast[8] - Investors are advised to pay attention to investment risks as the forecast data is preliminary and subject to change[9] - The official financial data will be disclosed in the company's formal 2024 annual report[9]