Angang Steel Company Limited provided earnings guidance for the third quarter and nine months ended September 30, 2022. The board of directors of the company announced that the company is expecting to record a decline in the net profit attributable to shareholders of the company for the nine months ended 30 September 2022 in comparison with the corresponding period of 2021. The company expects net profit attributable to shareholders of the company of approximately RMB 193 million, decreased as compared to corresponding period of last year (after adjustment) of approximately 97.44% (RMB 7,537 million). The company expects basic earnings per share of approximately RMB 0.021 compared to last year result of RMB 0.801.

For the third quarter, the company expects net loss attributable to shareholders of the company of approximately RMB 1,523 million, decreased as compared to corresponding period of last year (after adjustment) of approximately 165.45%% (RMB 2,327 million). The company expects basic loss per share of approximately RMB 0.161 compared to last year result of RMB 0.247.