Bengang Steel Plates (000761.SZ) released its 2024 semi-annual performance forecast, with an expected net loss attributable to shareholders of the listed company of 1.519 billion yuan in the first half of the year, and an expected loss of 1.558 billion yuan after deducting non-recurring gains and losses.
Zhongtong Finance APP News, Bengang Steel Plates (000761.SZ) released its 2024 semi-annual performance forecast, with an expected net loss attributable to shareholders of the listed company of 1.519 billion yuan in the first half of the year, and an expected loss of 1.558 billion yuan after deducting non-recurring gains and losses.
In the first half of the year, the steel industry situation remains severe, with a significant oversupply and weak demand in the steel market. Steel prices are generally weak and volatile, while raw material prices like iron ore remain high. The company focuses on improving quality and efficiency, innovative management thinking, and enhancing core competitiveness through measures such as upgrading product variety, technology innovation, green and intelligent manufacturing, to promote high-quality development. However, affected by the decline in steel prices and weakened steel demand, even though the company adjusted and optimized product structure, increased market development of high value-added steel, it still could not make up for the decrease in revenue and cost pressure on raw materials, resulting in a squeezed profit space and a large loss in the first half of the year.