Gelonghui, January 17 | Zhongnan Co., Ltd. (000717.SZ) announced the 2023 annual results forecast. Net profit attributable to shareholders of listed companies during the reporting period was 10 million yuan, a loss of 1283.67 million yuan for the same period of the previous year (retroactive adjustment of enterprises under the same control); net profit loss of 390 million yuan after deducting non-recurring profit and loss. The same period last year (retroactive adjustment of enterprises under the same control) was a loss of 124.65 million yuan; basic earnings per share were 0.0041 yuan/share.

In 2023, due to high raw fuel prices and falling steel prices, the profit level of the steel industry declined significantly. Facing the severe situation in the industry, the company strengthened its agile business philosophy, adhered to scientific performance evaluation systems and technological innovation, and focused on cost reduction and efficiency measures such as extreme efficiency, extreme cost, extreme energy efficiency, cost reduction and product structure optimization, and achieved a loss into a profit. The company expects to achieve net profit attributable to shareholders of listed companies of about 10 million yuan in 2023.

The company expects the net profit impact of non-recurring profit and loss attributable to shareholders of listed companies to be about 407 million yuan in 2023, mainly to achieve revenue of 149 million yuan from disposal of non-current assets, total revenue of 203 million yuan from value-added tax credits and other government subsidies included in current profit and loss, and 32 million yuan in carbon emissions trading.