Maanshan Iron & Steel Company Limited provided earnings guidance from 1 January 2023 to 30 June 2023. For the first half of 2023 is estimated to be approximately RMB 2.238 billion, representing a year-on-year decrease of approximately RMB 3.666 billion or approximately 256.72% in net profit as compared with that for the corresponding period of the previous year; the net loss excluding non- recurring gains or losses attributable to the shareholders of the listed company is estimated to be approximately RMB2.628 billion, representing a year-on-year decrease of approximately RMB 3.769 billion or approximately 330.32% in net profit as compared with that for the corresponding period of the previous year.
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