Chongqing Iron & Steel : ANNOUNCEMENT ON THE OPERATING DATA FOR THE FIRST QUARTER OF 2021

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ANNOUNCEMENT ON THE OPERATING DATA

FOR THE FIRST QUARTER OF 2021

Pursuant to the relevant provisions of Article 22 of the "Guidelines on Industrial Information Disclosure of Listed Companies No. 9 - Iron and Steel" of the Shanghai Stock Exchange, Chongqing Iron & Steel Company Limited (the "Company") hereby announces the operating data (unaudited) for the first quarter of 2021 (the reporting period) as follows:

1. KEY FINANCIAL INFORMATION

			Unit: RMB'000
	As at the end		Changes
	of the	As at the end	from the end
	reporting	of the	of the
	period	previous year	previous year
			(%)
Total assets	42,136,595	39,949,856	5.47
Net assets attributable to
shareholders of the Company	21,134,503	20,038,467	5.47

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		From the
	From the	beginning
	beginning	of the
	of year	previous year
	to the end	to the end of	Changes
	of the	the reporting	from the
	reporting	period of the	same period
	period	previous year	last year
			(%)
Net cash flow from operating
activities	-1,031,089	-213,075	N/A
Revenue from operations	9,978,422	5,178,323	92.70
Net profit attributable to	1,092,412	4,173	26,078.10
shareholders of the Company
Net profit attributable to	1,077,206	253	425,673.12
shareholders of the Company
after excluding extraordinary
profit or loss items
Return on net assets	5.31	0.02	Increased by
(weighted average) (%)			5.29
			percentage
			points
Basic earnings per share	0.12	0.0005	23,900.00
(RMB per share)
Diluted earnings per share	0.12	0.0005	23,900.00
(RMB per share)

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II. MAJOR PRODUCTS
							Average
		Production		Sales	selling
		from		from	price from
		January to		January to	January to
Major products		March 2021		March 2021	March 2021
							(excluding
							taxes, RMB
	(0'000 tonnes)	(0'000 tonnes)	per tonne)
Medium and heavy sheets	54.842		54.742	4,300
Medium sheets	0.604		-	-
Hot rolling	119.749	119.169	4,215
Rebar		-	0.002	4,690
Billets		57.798	57.650	3,917
Total		232.993			231.563	4,161

The above operating data is unaudited. Investors are advised to pay attention to the investment risks and exercise caution when using such information.

By order of the Board

Chongqing Iron & Steel Company Limited

Liu Jianrong

Chairman

Chongqing, the PRC, 30 April 2021

As at the date of this announcement, the Directors of the Company are: Mr. Liu Jianrong (Executive Director), Mr. Zhang Wenxue (Executive Director), Mr. Tu Deling (Executive Director), Mr. Zou An (Executive Director), Mr. Song De An (Non- executive Director), Mr. Zhou Ping (Non-executive Director), Mr. Xin Qingquan (Independent Non-executive Director), Mr. Xu Yixiang (Independent Non-executive Director) and Mr. Wong Chunwa (Independent Non-executive Director).

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