XD Inc. — Earnings Release 2022

Oct 30, 2022

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 THIRD QUARTER OF 2022

Pursuant to the relevant provisions of the “Guidelines No. 3 of the Shanghai Stock Exchange on the Application of Self-Regulation Rules for Listed Companies – Industrial Information Disclosure”, Chongqing Iron & Steel Company Limited hereby announces the operating data (unaudited) for the third quarter of 2022 (the reporting period) as follows:

I. MAJOR FINANCIAL DATA

Unit: RMB’000

			For the period
			from the
		Increase/	beginning	Increase/
		decrease	of the year	decrease
	For the	over the	to the end of	over the
	reporting	corresponding	the reporting	corresponding
Item	period	period last year	period	period last year
		(%)		(%)
Revenue	7,649,896	-15.88	25,666,072	-19.20
Net profit attributable
to shareholders of
the Company	-787,733	-531.21	-271,317	-109.42
Net profit attributable
to shareholders of the
Company after non-
recurring items	-833,404	-558.09	-286,785	-109.51
Net cash flow from
operating activities	N/A	N/A	1,101,822	-44.66

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				For the period
				from the
			Increase/	beginning	Increase/
			decrease	of the year	decrease
	For the		over the	to the end of	over the
	reporting	corresponding		the reporting	corresponding
Item	period	period last year		period	period last year
			(%)		(%)
Basic earnings per share
(RMB per share)	-0.09		-550.00	-0.03	-109.29
Diluted earnings per
share
(RMB per share)	-0.09		-550.00	-0.03	-109.29
Weighted average		Decreased by			Decreased by
return on net assets		4.30	percentage		14.60 percentage
(%)	-3.50		points	-1.22	points
		At	the end of	At the
		the reporting		end of the	Increase/
			period	previous year	decrease
					(%)
Total assets		39,645,837		42,995,956	-7.79
Owners’ equity attributable to
shareholders of the Company		22,100,841		22,375,209	-1.23

Note: The “reporting period” refers to the three months from the beginning of this quarter to the end of this quarter.

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II. MAJOR PRODUCTS DATA

(Unit: 0’000 tonnes)

			Average selling
	Production	Sales from	price from
	from January to	January to	January to
Major products	September 2022	September 2022	September 2022
			(RMB per tonne,
			excluding taxes)
Plates	175.77	177.49	4,576
Hot rolling	310.62	314.35	4,169
Rebars	62.54	60.92	3,876
Wire rods	10.24	10.18	4,240
Billets	–	0.64	3,668
Total	559.17	563.58	4,266

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 Zou An Secretary to the Board

Chongqing, the PRC, 31 October 2022

As at the date of this announcement, the Directors of the Company are: Mr. Zhang Wenxue (Executive Director), Mr. Xie Zhixiong (Executive Director), Mr. Zou An (Executive Director), Mr. Song De An (Non-executive Director), Mr. Lai Xiaomin (Non-executive Director), Mr. Zhou Ping (Non-executive Director), Mr. Sheng Xuejun (Independent Non-executive Director), Mr. Zhang Jinruo (Independent Non-executive Director) and Mr. Guo Jiebin (Independent Non-executive Director).

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