Suzhou Iron Technology (688329.SH) issued a forecast of expected losses, predicting a net loss of 16.21 million to 24.31 million yuan for the year 2024.

Suzhou Iron Technology (688329.SH) issued a profit warning for the annual performance in 2024, expecting a net loss attributable to the owners of the parent company of RMB 16.21 million to RMB 24.31 million in 2024. The continued impact of market conditions and other factors during the reporting period led to a slight decline in operating income and comprehensive gross profit margin.