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Chongqing Iron & Steel 2024 annual results pre-loss announcement
Chongqing Iron & Steel Projects Significant Loss Amid Industry Challenges
CHONGQING IRON (01053.HK): It is expected that the net loss for the year 2024 will be approximately 3.253 billion yuan.
On January 17, Gelonghui reported that CHONGQING IRON (01053.HK) announced that the company expects to achieve a net loss attributable to Shareholders of the listed company of approximately 3253 million yuan for the year 2024, and a net loss attributable to Shareholders of the listed company after deducting non-recurring gains and losses of approximately 3264 million yuan. In 2024, the domestic Steel Industry continues to present a "high production, high cost, high inventory, low demand, low price, low efficiency" pattern, with the industry overall in a bottoming phase, Orders and demand remain weak, supply exceeds demand, and the prices of bulk raw materials remain high.
Express News | Chongqing Iron & Steel Co Ltd Sees Net Loss Attributable for Year RMB3,253 Mln
CHONGQING IRON: ANNOUNCEMENT ON ESTIMATED LOSS IN THE ANNUAL RESULTS FOR THE YEAR OF 2024
Chongqing Iron & Steel (601005.SH): Expected loss of about 3.253 billion yuan in 2024.
On January 17, Gelonghui reported that Chongqing Iron & Steel (601005.SH) announced its annual performance forecast for 2024, expecting a net income attributable to the shareholders of the listed company to be approximately -3.253 billion yuan, and a net income attributable to the shareholders of the listed company after deducting non-recurring gains and losses to be approximately -3.264 billion yuan.
Many Still Looking Away From Chongqing Iron & Steel Company Limited (HKG:1053)
