Angang Steel Company Limited provided earnings guidance for the six months ended 30 June 2018. For the period, the company expects net profit attributable to shareholders of the company of RMB 3,492 million or 0.483 basic earnings per share. The estimated increase in the net profit attributable to shareholders of the Company as compared with the corresponding period of 2017 is primarily due to the following reasons: in the first half of 2018, the supply-side reform continued to show results with the overall steel market recovered and the iron and steel industry maintaining higher profitability. The Company focused on three key elements, namely "efficiency, quality and transformation" and significantly improved the revenue of the Company through consistently expanding the production scale, continuously optimizing the product structure, enhancing efforts in reducing procurement cost by differential ways, accelerating in technological innovation and deeply promoting systematic cost reduction.