Angang Steel Company (347) investor relations material

Executive summary

• Achieved progress in market expansion, with premium product sales exceeding targets and significant growth in new energy vehicle steel and automotive steel sales.

• Systematic cost reduction initiatives led to a RMB90/tonne decrease in steel costs year-over-year and a 9.18% reduction in logistics costs.

• Technological innovation resulted in new product launches, national R&D project approvals, and multiple science and technology awards.

• Strengthened risk prevention and control, maintaining positive net cash flow from operating activities and stable asset operations.

Financial highlights

• Q3 operating income was RMB24,493 million, up 2.86% year-over-year; nine-month revenue was RMB73,092 million, down 7.78% year-over-year.

• Net loss attributable to shareholders was RMB896 million in Q3, a 62.59% improvement year-over-year; nine-month net loss was RMB2,040 million, a 59.87% improvement.

• Basic and diluted EPS for the nine months was -0.218 RMB, improving 59.78% year-over-year.

• Net cash flow from operating activities for the nine months was RMB1,968 million, up 728.75% year-over-year.

• Total assets at quarter-end were RMB97,493 million, down 3.07% from year-end 2024.

Outlook and guidance

• Continued focus on high-end product development, cost reduction, and efficiency improvement.

• Ongoing expansion in overseas markets and further technological innovation expected.