Gelonghui, January 30 | Taigang Stainless (000825.SZ) announced its 2023 annual results forecast. Net profit loss attributable to shareholders of listed companies during the reporting period was 90 million yuan - 125 million yuan, profit of 153.55 million yuan for the same period last year; net profit loss after deducting non-recurring profit and loss of 1527.71 million yuan - 187.71 million yuan, profit of 87.3 million yuan for the same period last year; basic earnings loss per share 0.158 yuan/share - 0.219 yuan/share.

In 2023, due to the squeeze on both sides of steel supply and demand, the decline in product prices was greater than that of raw materials. Prices of some stainless steel raw materials rose, the profit level of extruded steel dropped sharply, and the company lost money in 2023. Faced with the complex business situation, the company continues to deepen “account settlement management”, focusing on pursuing lean production, optimizing the variety structure, and improving product profitability; at the same time, it also adheres to the concept of “all costs can be reduced”, and has made up for some of the adverse factors through comprehensive benchmarking, optimizing process processes, promoting economic furnace cost reduction, and increasing cost reduction efforts.