Angang Steel Company Limited provided earnings guidance for the third quarter and nine months ended September 30, 2020. The board of directors of the Company announced that, based on the preliminary assessment of the latest financial information, the Company (together with its subsidiaries, the "Group") is expecting to record a decrease in the net profit attributable to shareholders of the Company for the nine months ended 30 September 2020 in comparison with the corresponding period of 2019. The company expects net profit attributable to shareholders of RMB 1,325 million or RMB 0.141 per basic share compared to RMB 1,722 million or RMB 0.183 per basic share reported a year ago. For the quarter, the company expects net profit attributable to shareholders of RMB 825 million or RMB 0.088 per basic share compared to RMB 297 million or RMB 0.032 per basic share reported a year ago.