Guizhou Wire Rope (600992.SH) issued a forecast of an expected net loss of 29 to 39 million yuan for the year 2024, turning from profit to loss.

Guizhou Wire Rope (600992.SH) announced that the company expects to incur a net loss attributable to shareholders of listed companies in 2024 ranging from 29 million yuan to 39 million yuan, compared to a profit in the same period last year. The net profit attributable to shareholders of listed companies in the previous year was 33.8876 million yuan. During the reporting period, the company's operating performance declined due to factors such as shrinking industry demand, fluctuating raw material prices, declining product sales prices, and relocation, all of which were influenced by market conditions.