Baosteel(SH:600019)2017-01-17 16:00Financial Performance - The company expects a net profit attributable to shareholders for 2016 to increase by approximately 770% compared to the previous year[3] - The net profit for the previous year was 1.013 billion yuan[4] - The earnings per share for the previous year was 0.06 yuan[4] Factors Contributing to Profit Increase - The increase in profit is attributed to the company's proactive response to market changes and successful expansion of product varieties[5] - The company exceeded its annual sales targets for both advantageous and strategic products[5] - Significant cost reduction measures and efficiency improvements contributed to the better-than-expected performance[5] Data Reliability and Investor Advisory - The data provided is preliminary and has not been audited[3] - Investors are advised to pay attention to investment risks as the final audited financial data will be disclosed in the annual report[6]