Increased Profit Expected in 1H 2008

According to preliminary data from its finance department, the company projects a more than 50% increase in net profit for the first half of 2008 over same period last year. The company's net profit in the first half of 2007 was RMB 672,143,517 and EPS were RMB 0.50.

The strong performance is a result of the optimisation of the company's structure and increased prices for steel products. The projected data has not been audited. Details related to financial data will be disclosed in the company's 1H 2008 Report.

Jinan Iron and Steel Co. Ltd
13 Jun 2008


Source: Shanghai Stock Exchange

Date: 13 Jun 2008
CN01/SW/BT/MM