XSS(SH:600117)2024-05-29 11:04Group 1: Financial Performance - In Q1 2024, the company reported a net loss of 1.9 billion CNY, a reduction in loss of 0.55 billion CNY year-on-year, primarily due to weakened demand in the automotive and engineering machinery sectors, and a decline in steel prices [6] - For the fiscal year 2023, the net profit attributable to shareholders was 168.61 million CNY, while the net profit after deducting non-recurring gains and losses was -157.93 million CNY [7] Group 2: Operational Recovery - The company is currently in a recovery phase post-judicial restructuring, with production and operations stabilizing and efforts focused on cost reduction and efficiency improvement [3][5] - The company aims to gradually restore production capacity, which was impacted in Q1 due to market supply and demand dynamics [5] Group 3: Future Outlook and Plans - The company is exploring the possibility of asset injection and plans to apply for the removal of risk warnings if it meets the necessary conditions in the future [3][7] - There is an ongoing assessment regarding the potential inclusion of Jiangcang Energy in the company's financial statements, contingent on the success of its restructuring [4] Group 4: Stock Performance and Market Response - The company acknowledges the decline in stock price and is committed to enhancing operational efficiency and market expansion to improve corporate value [5][9] - There are no current plans for stock buybacks or major shareholder increases, but any related plans will be disclosed as per regulatory requirements [5]