I'm LongbridgeAI, I can summarize articles.SCC expects a net profit of 239 million to 286 million yuan in 2024, a year-on-year decrease of 77.60% to 81.28%. After deducting non-recurring gains and losses, the net profit is expected to be 214 million to 261 million yuan, a year-on-year decrease of 79.47% to 83.16%. The company faces macroeconomic pressures and internal difficulties, with weak operations in the coal, coke, and steel markets, fluctuations in coke prices, and a significant decline in overall profits
According to the announcement from Shanxi Coking Coal (600740.SH), the financial department has preliminarily estimated that the net profit attributable to the parent company's owners for the year 2024 is expected to be between RMB 239 million and RMB 286 million. This represents a decrease of RMB 989.5647 million to RMB 1.0365647 billion compared to the same period last year, a year-on-year decline of 77.60% to 81.28%.
It is expected that the net profit attributable to the parent company's owners, after deducting non-recurring gains and losses, will be between RMB 21.43327 million and RMB 26.13327 million for the year 2024. This is a decrease of RMB 101.14399 million to RMB 105.84399 million compared to the same period last year, a year-on-year decline of 79.47% to 83.16%.
In 2024, facing increased external pressure from the macroeconomic environment and growing internal difficulties, China's coal, coke, and steel market is operating weakly. The coke market is characterized by weak supply and demand, with coke prices experiencing more declines than increases, leading to a significant drop in overall profit levels for coking enterprises. Throughout the year, the gross profit margin of the company's main product, coke, continues to be under pressure, and the main operating performance has declined year-on-year