XD Inc. — Earnings Release 2021

Apr 29, 2021

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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ANNOUNCEMENT ON THE OPERATING DATA FOR THE FIRST QUARTER OF 2021

Pursuant to the relevant provisions of Article 22 of the “Guidelines on Industrial Information Disclosure of Listed Companies No. 9 – Iron and Steel” of the Shanghai Stock Exchange, Chongqing Iron & Steel Company Limited (the “ Company ”) hereby announces the operating data (unaudited) for the first quarter of 2021 (the reporting period) as follows:

I. KEY FINANCIAL INFORMATION

Unit: RMB’000

	As at the end		Changes
	of the	As at the end	from the end
	reporting	of the	of the
	period	previous year	previous year
			(%)
Total assets	42,136,595	39,949,856	5.47
Net assets attributable to
shareholders of the Company	21,134,503	20,038,467	5.47

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		From the
	From the	beginning
	beginning	of the
	of year	previous year
	to the end	to the end of	Changes
	of the	the reporting	from the
	reporting	period of the	same period
	period	previous year	last year
			(%)
Net cash flow from operating
activities	-1,031,089	-213,075	N/A
Revenue from operations	9,978,422	5,178,323	92.70
Net profit attributable to	1,092,412	4,173	26,078.10
shareholders of the Company
Net profit attributable to	1,077,206	253	425,673.12
shareholders of the Company
after excluding extraordinary
profit or loss items
Return on net assets	5.31	0.02	Increased by
(weighted average) (%)			5.29
			percentage
			points
Basic earnings per share	0.12	0.0005	23,900.00
(RMB per share)
Diluted earnings per share	0.12	0.0005	23,900.00
(RMB per share)

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II. MAJOR PRODUCTS

Major productsProductionfromJanuary toMarch 2021SalesfromJanuary toMarch 2021(0’000 tonnes) (0’000 tonnes)Medium and heavy sheets54.84254.742Medium sheets0.604–Hot rolling119.749119.169Rebar–0.002Billets57.79857.650Total232.993231.563	Averagesellingprice fromJanuary toMarch 2021(excludingtaxes, RMBper tonne)4,300–4,2154,6903,9174,161

The above operating data is unaudited. Investors are advised to pay attention to the investment risks and exercise caution when using such information.

By order of the Board Chongqing Iron & Steel Company Limited Liu Jianrong Chairman

Chongqing, the PRC, 30 April 2021

As at the date of this announcement, the Directors of the Company are: Mr. Liu Jianrong (Executive Director), Mr. Zhang Wenxue (Executive Director), Mr. Tu Deling (Executive Director), Mr. Zou An (Executive Director), Mr. Song De An (Nonexecutive Director), Mr. Zhou Ping (Non-executive Director), Mr. Xin Qingquan (Independent Non-executive Director), Mr. Xu Yixiang (Independent Non-executive Director) and Mr. Wong Chunwa (Independent Non-executive Director).

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