Group 1 - The company, Lingang Co., expects a net loss of between -1.67 billion to -1.45 billion yuan for the year 2025, primarily due to challenges in its main business operations [1] - The steel industry is still in a phase of "reduction development and stock optimization," facing strong supply and weak demand challenges in 2025 [1] - Internal factors such as delays in the commissioning of the No. 6 blast furnace and comprehensive annual repairs on the No. 5 blast furnace resulted in a reduction of iron output by 500,000 tons, contributing to the financial losses [1] Group 2 - The company has incurred significant annual repair costs and high initial costs associated with new production, alongside an increase in income tax expenses by 419 million yuan due to unrecognized deferred tax assets related to losses [1] - Despite the inability to reverse the loss situation, the company has achieved a reduction in losses by focusing on "reduction and quality improvement," emphasizing intensive production and efficiency [1] - The company is actively expanding procurement channels and optimizing product structure while controlling energy consumption, costs, and expenditures [1]
凌钢股份:预计2025年年度净利润亏损14.5亿元到16.7亿元