BSP(000761)2025-01-27 11:55Financial Performance - The company expects a net profit loss of 502 million yuan for the year 2024, a decline of 188.08% compared to the previous year's loss of 174.26 million yuan[3]. - The net profit loss after deducting non-recurring gains and losses is projected to be 510 million yuan, down 146.64% from last year's loss of 206.78 million yuan[3]. - Basic earnings per share are expected to be a loss of 1.22 yuan, compared to a loss of 0.42 yuan per share in the previous year[3]. Industry Challenges - The steel industry continues to face weak downstream demand and declining steel prices, leading to a challenging operational environment characterized by high production, high costs, high inventory, low demand, low prices, and low efficiency[5]. Strategic Focus - The company is focusing on production line structural adjustments and cost reduction while increasing R&D investment to promote high-end, intelligent, and green transformation[5]. Financial Reporting - The financial data presented is preliminary and has not been audited by the accounting firm, with no significant uncertainties affecting the accuracy of the forecast identified as of the announcement date[6]. - Investors are advised to exercise caution and consider investment risks, as the forecast data is subject to change pending the official 2024 annual report[7].