Lingyuan Iron & Steel Co., Ltd. provided earnings guidance for the first half ended June 2020. The company predicted a decrease of RMB 228 million in its net profit belonging to shareholders of the company from January to June in 2020 compared with the same period of the year before, with a year-on-year decrease of about 60.05%. The net profit belonging to shareholders of the company after excluding extraordinary profit and loss will decrease by RMB 235 million compared with the same period of the year before, with a year-on-year decrease of about 60.75%.