SHANDONG STEEL(SH:600022)2025-04-07 08:25Financial Performance - Total operating revenue for 2024 was CNY 82.09 billion, a decrease of 9.26% compared to the previous year[5] - The total profit for the period was CNY -2.51 billion, with a net profit attributable to shareholders of CNY -2.26 billion[6] - The net profit excluding non-recurring gains and losses was CNY -2.18 billion, reflecting significant financial challenges[5] - Basic earnings per share were CNY -0.2129, compared to CNY -0.0373 in the previous year[5] - The weighted average return on equity was -11.28%, a significant decline from -1.85%[5] Asset and Equity Changes - The company's total assets decreased by 2.16% to CNY 65.31 billion from the beginning of the period[5] - Shareholders' equity attributable to the company decreased by 11.11% to CNY 18.78 billion[5] Market Conditions - The steel market environment remains challenging, with supply exceeding demand and significant pressure on profit margins[6] - The company faced operational pressures due to production fluctuations and concentrated expense handling[6] Investor Advisory - Investors are advised to be cautious as the reported financial data is preliminary and may differ from the final annual report[6]