Lingang Group: The estimated annual loss for 2024 is 1.678 billion yuan.

On January 16th, Jin10 data reported that Linggang shares announced an expected loss in 2024, with a vesting net profit of approximately -1.678 billion yuan for the owner of the parent company. The expected net profit after deducting non-recurring gains and losses is approximately -1.469 billion yuan. In the same period last year, the vesting net profit of the company's parent company owner was -681 million yuan. The main reasons for the loss are the strong supply and weak demand in the steel industry, the downward fluctuation of steel prices, the high operating costs of raw materials, and the impact of the demolition losses of some assets caused by the demolition of assets for the replacement of the blast furnace capacity of the company. The above data is based on preliminary accounting, and specific financial data shall be subject to the audited annual report of 2024 officially disclosed.