SINOSTEEL LNMTC(SH:688119)2026-01-29 09:10Financial Performance Forecast - The company expects a net profit attributable to shareholders for 2025 to be between -190 million and -120 million yuan, a decrease of 60.90 million to 130.90 million yuan compared to the previous year, representing a year-on-year decline of 103.06% to 221.51%[3] - The projected net profit attributable to shareholders after deducting non-recurring gains and losses for 2025 is expected to be between -260 million and -180 million yuan, a decrease of 66.27 million to 146.27 million yuan compared to the previous year, reflecting a year-on-year decline of 58.26% to 128.60%[3] - In 2024, the total profit was -48.64 million yuan, with a net profit attributable to shareholders of -59.10 million yuan, and a net profit after deducting non-recurring gains and losses of -113.73 million yuan[5] Market Conditions - The decline in performance is primarily due to weakened market demand for refractory materials in the steel and building materials industries, leading to a general decline in product sales prices and significant pressure on profit margins[7] Accounts Receivable Management - The company has initiated legal proceedings for certain large overdue accounts receivable to strengthen accounts receivable management, which has impacted current profits due to provisions for bad debts[7] Production Optimization - The company is optimizing its production line layout, resulting in the shutdown of some outdated production lines, which has led to temporary idleness of certain fixed assets and subsequent impairment losses[7] Audit and Forecast Uncertainty - The performance forecast has not been audited by registered accountants, and the company has not identified any significant uncertainties affecting the accuracy of the forecast[8] - The forecast data is preliminary and subject to change based on the audited annual report for 2025[9]