Xiwang Special Steel Company Limited provided earnings guidance for the three months and year ended 31 December 2018. Based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended 31 December 2018, which have not been reviewed or audited by the independent auditors and/or the audit committee of the Company, the consolidated profit attributable to the shareholders of the Company for the year ended 31 December 2018 is expected to remain stable as compared with that for the year ended 31 December 2017. It is expected that the Group will incur a profit attributable to owners of the Company in the range between RMB 900 million and RMB 1,000 million for the year ended 31 December 2018 as compared to a profit attributable to owners of the Company of RMB 898 million for the year ended 31 December 2017. For the three months ended 31 December 2018, the consolidated profit attributable to the shareholders of the Company decreased mainly due to a significant drop in steel price since late November.