BYIS(600581)2024-07-09 07:43Financial Performance - The company expects a net profit attributable to shareholders of approximately -720 million yuan for the first half of 2024, representing a reduction in losses compared to the same period last year [17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be around -727 million yuan for the first half of 2024 [17]. - The company reported a net profit of -771 million yuan and a net profit of -737 million yuan after deducting non-recurring gains and losses for the same period last year [19]. Market Conditions - The steel industry continues to face a weak market environment, with steel prices fluctuating at low levels, leading to operational losses for the company [20]. Strategic Initiatives - The company implemented a strategy of "dynamic adjustment of resource flow and product structure" to mitigate losses during the traditional off-season in the steel market [20]. - The company aims to strengthen cost control, improve resource utilization efficiency, and actively implement diversification strategies to respond to market changes and industry competition challenges [11]. Earnings Forecast - The company has not identified any significant uncertainties that could affect the accuracy of this earnings forecast [21]. - The data provided is preliminary and the final financial figures will be disclosed in the official half-year report [22].