Angang Steel Company Limited provided earnings guidance for the six months ended 30 June 2017. For the period, the company expects net profit attributable to shareholders of the company of RMB 1,823 million or 0.252 basic earnings per share. The estimated increase in the net profit attributable to shareholders of the company as compared with the corresponding period of 2016 is primarily due to the following reasons: in the first half of 2017, the company proactively responded to the changes in the steel market and, by leveraging the favorable opportunity brought about by the turnaround of the steel market in due course, exerted increased efforts for product restructuring and sales. The procurement costs of raw materials and fuels were reduced by means of timely purchases and the combination of futures and spot commodities.