Gelonghui, January 12 | Suotong Development (603612.SH) announced its 2023 annual results forecast. According to preliminary estimates by the finance department, it is estimated that net profit attributable to the owner of the parent company in 2023 will be -678.18 million yuan to -521.68 million yuan. Compared with the same period last year, there will be a loss. It is estimated that net profit attributable to the owners of the parent company after deducting non-recurring profit and loss for the year 2023 will be 118.063 million yuan to -908.17 million yuan.

During the forecast period, due to the macroeconomic situation and the cyclical impact of the industry, the price of pre-baked anodes, the company's main business product continued to drop. Taking the pre-baked anode tender purchase price (tax included) issued by a large aluminum company in Shandong as an example, it fell from 6,980 yuan/ton in December 2022 to 4,028 yuan/ton in December 2023, a decrease of about 42%. In 2023, the company's pre-baked anode sales increased year on year, but due to the sharp drop in prices, operating income and product gross margin decreased year on year, and the company's performance declined year on year. Up to now, the production and sales volume of each pre-baked anode production site and the progress of the projects under construction are still progressing according to the annual plan.