Baosteel(SH:600019)2018-01-25 16:00Financial Performance Expectations - The company expects a net profit attributable to shareholders for 2017 to increase by 10.1 billion to 10.8 billion CNY, representing a year-on-year increase of 113% to 121%[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to increase by 9.8 billion to 10.5 billion CNY, a year-on-year increase of 109% to 117%[4] - The net profit attributable to shareholders compared to the restated financial data from the previous year is expected to increase by 10 billion to 10.7 billion CNY, a year-on-year increase of 110% to 118%[4] - The net profit for the same period last year was 8.966 billion CNY, and the net profit after deducting non-recurring gains and losses was 8.994 billion CNY[5] Factors Contributing to Performance Improvement - The company achieved significant performance improvement due to favorable national supply-side structural reform policies and expanded purchase-sale price margins[7] - The rapid achievement of standards and effectiveness at Zhanjiang Steel has shown initial cost competitiveness and continuous optimization of product structure[7] - The company is actively promoting integration work following the Baowu merger, with collaborative benefits being realized quickly[7] - The company has implemented comprehensive cost reduction and deep reform measures, achieving better-than-expected results that support profitability and operational performance[7] Forecast Accuracy and Reliability - There are no significant uncertainties affecting the accuracy of this performance forecast[8] - The forecast data is preliminary and subject to final audited financial results in the 2017 annual report[9]