Telah Terbit: Jan 31, 2024 10:28
*ST Xigang issues performance forecast, estimating a net profit of approximately 1.58 billion yuan attributable to shareholders of the listed company in 2023, compared to a 1.151 billion yuan loss in the same period last year. After the judicial reorganization, the company confirmed debt restructuring gains, resulting in a substantial increase in profits. The global economic growth rate continues to decline, and the domestic steel industry is still operating at a low level, with steel prices fluctuating and downstream demand not sufficient to drive effective price increases. Additionally, high raw material prices and the company's funding shortage have led to lower-than-expected steel production and actual operating losses.

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