Chongqing Iron and Steel Company Limited provided earnings guidance for the year ended December 31, 2013. Based on a preliminary estimate by the finance department of the company, the company is expected to record loss in its annual operating results for 2013. Net profit attributable to shareholders the company will be approximately RMB 2,500.00 million.

Demands in the steel products market underwent a persistent downturn. Coupled with significant decrease in the price of steel products and premature structural adjustment of products in the company, the production cost became higher. The company's financial burden was relatively heavy due to its environmental relocation.