Shaanxi Heimao Coking (601015.SH) issues a profit warning, expecting a net loss of 1.08 billion to 1.18 billion yuan in 2024.

Shaanxi Heimao Coking (601015.SH) announced a forecasted net loss of 10.8 billion to 11.8 billion yuan for the fiscal year 2024. The company's main products have experienced a decrease in sales prices due to market factors in the coal and steel industries, resulting in a decline in gross profit margin and operating losses. Additionally, the company plans to make asset impairment provisions for certain products and production lines.