西宁特钢(600117) - 2025 Q4 - 年度业绩预告

Financial Performance - The company expects a net profit attributable to shareholders of approximately -875 million yuan for the year 2025, representing an increase in loss of about 1.39% compared to the previous year[2] - The expected net profit attributable to shareholders, after deducting non-recurring gains and losses, is approximately -949 million yuan, reflecting a decrease in loss of about 0.73% year-over-year[2] Production Metrics - The steel production for the year reached 1.55 million tons, while steel product output was 1.51 million tons, showing a year-over-year increase of 11% in both categories[6] Industry Challenges - The company faced challenges due to a prolonged downturn in the steel industry, characterized by persistent supply-demand imbalances and low market prices for steel products[6] - The subsidiary's provision for inventory impairment related to a social responsibility project contributed to the expected operating losses for the reporting period[6] Financial Reporting - The financial data presented is preliminary and has not been audited by a registered accountant, with the final figures to be disclosed in the official 2025 annual report[8] - The company emphasizes the importance of rational investment and risk awareness for investors, given the preliminary nature of the forecast[8]