Shanxi Meijin Energy (000723.SZ) expects a net loss of between 800 million and 1.15 billion yuan in 2024, turning from a profit to a loss year-on-year.

Shanxi Meijin Energy (000723.SZ) released its performance forecast for 2024, expecting a net loss of 800 million to 1.15 billion yuan attributable to shareholders of the listed company for the full year, a turnaround from profit to loss compared to the previous year. The decline in the company's performance during the reporting period was mainly due to the overall downward trend in the market prices of coal and coke in China. In addition, influenced by the downstream steel market industry, operating income and net profit were lower than the same period last year. The company will closely monitor changes in the market environment, actively organize production and operations, advance the upgrading of the company's coal and coke industries and the construction of hydrogen energy projects according to the company's strategic layout. The company will also continue to strengthen safety and supervision assessments, promote refined management, maintain stable operation of the production system, and help drive the company's green, low-carbon transformation and high-quality, sustainable development.