BSP(000761)2024-09-10 08:38Group 1: Company Performance and Production Goals - The company aims to achieve an annual production of 1,033 million tons of pig iron, 1,115 million tons of crude steel, 666 million tons of cold-rolled plates, and 45.8 million tons of special steel in 2024 [2]. - The management expenses are decreasing year by year due to strict cost control measures [2]. - The company has been continuously losing money, but it has commissioned a third-party agency to issue a rating report for its convertible bonds, which is rated AAA for 2024 [2]. Group 2: Financial Management and Debt - The company is focusing on optimizing management structure and simplifying management methods to reduce management costs [2]. - The company has sufficient bank credit limits, and the financing costs are gradually decreasing after the restructuring [3]. - The company is closely monitoring the conversion of convertible bonds, which are currently at a high premium [3].