Xiwang Special Steel Company Limited provided consolidated earnings guidance for the year ended December 31, 2016. For the year, the company expects that the group’s consolidated profit attributable to the shareholders of the company increase by more than 80% as compared with that for the year ended December 31, 2015. The increase in the net profit of the group is mainly due to the following factors: (i) the increase in gross profit margin of ordinary steel; (ii) the increase in gross profit margin of special steel; and (iii) the increase in revenue. The steel industry went on well in 2016.