Xiwang Special Steel Company Limited provided consolidated earnings guidance for the nine months ended 30 September 2018. For the year, the company announced that based on the preliminary assessment of the unaudited consolidated management accounts of the group for the nine months ended 30 September 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 nine months ended 30 September 2018 is expected to increase by more than 50% as compared to the corresponding period of last year (nine months ended 30 September 2017: approximately RMB 573 million (unaudited)). The increase in the net profit attributable to the shareholders of the Company for the nine months ended 30 September 2018 was due to: persistent rise in steel price and moderate increase in raw material price, lead to an increase in the company's profit margin along with an increase in gross profit of steel, decrease in income tax expense due to recognition as a High and New Technology Enterprise and increase in government subsidy.

The company announced group sales results for the three months ended 30 September 2018. The company's sales volume of self-manufactured steel products was approximately 756,000 tonnes.