Benxi Steel Plate: The net profit for the year 2023 is expected to be a loss of 1.75 billion yuan. The net profit attributable to shareholders of the listed company in the same period of the previous year was approximately 1.233 billion yuan. The main reason for the change in performance is that since 2023, the steel industry has been in a state of oversupply and weak demand, with steel prices remaining low throughout the year, while upstream iron ore prices continue to remain high. Despite efforts to overcome market downturns and other unfavorable factors, the impact of both ends of the purchase and sales have not been offset, resulting in a significant loss in the company's profit margin for 2023.