Fushun Special Steel (600399.SH) issues a profit warning, expecting a net profit of 90 million to 130 million yuan in 2024, a decrease of 64.12% to 75.16% year-on-year.

Fushun Special Steel (600399.SH) announced that, according to preliminary calculations by the finance department, the expected net profit attributable to shareholders of the listed company for the year 2024 is between 90 million and 130 million yuan, a decrease of 64.12% to 75.16% compared to the same period last year. According to preliminary calculations by the finance department, the company is expected to achieve a net profit after deducting non-recurring gains and losses attributable to shareholders of the listed company for the year 2024 between 80 million and 120 million yuan, a decrease of 66.30% to 77.53% compared to the same period last year. This year, due to market conditions and the impact of technological renovation projects, the company has incurred impairment losses on some assets. In order to objectively reflect the company's financial situation and asset value, in accordance with relevant regulations such as the "Enterprise Accounting Standards", the company and its subsidiaries have conducted an inventory of all types of assets as of December 31, 2024. Based on impairment testing, and following the principle of prudence, the company has made provision for impairment of assets that are deemed to be impaired.