Shandong Iron and Steel Company Ltd. provided earnings guidance for the year 2017. The company announced that it will turn losses into gains in its the net profit belonging to shareholders of the listed company in 2017 compared with the same period of the year before (based on the disclosed statistics according to relevant regulations), with the net profit belonging to shareholders of the listed company to be about RMB 1,938,197,500. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will be RMB 1,731,571,800.