Angang Steel Company Limited provided group earnings guidance for the year ended December 31, 2017. For the year, the company expects net profit attributable to shareholders of the company of approximately RMB 5,678 million or 0.785 per basic share. For the year 2016, the company reported net loss attributable to shareholders of the company of RMB 1,616 million or 0.223 per basic share. In 2017, the Company took advantage of the turnaround of the steel market in a timely manner, and achieved significant improvement in the operating results through the implementation of the following measures: strengthening production management and control and optimizing production organization to push for cost reduction and efficiency enhancement of the system forcibly; making differentiated and opportune purchases with thorough grasp of the timing for purchasing raw materials and fuels; reinforcing regional selling and corporate brand building; devoting greater efforts to the restructuring of product portfolio to make profits; deepening technical marketing; improving service quality; maintaining a stable relationship with direct supply clients and attaching greater importance to key projects.