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Ef)Tj /T1_0 1 Tf 0 Tc 0 Tw ( )Tj /T1_1 1 Tf 0.024 Tc 3.615 0 Td [(fect of fluctuation in exchange rates on)-1 ( )]TJ 0.025 Tc 0 -1.231 Td (cash and cash equivalents)Tj 0 Tc 25.386 0 Td (\226)Tj /T1_0 1 Tf 0.025 Tc -0.025 Tw 3.071 0 Td (-15,928,077.04)Tj /T1_1 1 Tf 0.023 Tc 0 Tw -32.071 -2.462 Td [(V)-2 (.)-2 ( )-1270.3 (Net increase in cash and cash equivalents)]TJ 0.025 Tc -0.025 Tw 23.451 0 Td (38,329,264.14)Tj /T1_0 1 Tf 7.296 0 Td (-1,056,367,670.00)Tj 0 Tw -28.181 -1.231 Td [(Add: Ba )275 (lance of cash and cash equivalents )]TJ 3.536 -1.231 Td (at the beginning of the period)Tj /T1_1 1 Tf -0.025 Tw 16.025 0 Td (2,810,620,701.15)Tj /T1_0 1 Tf 8.979 0 Td (1,829,127,865.49)Tj /T1_1 1 Tf 0.854 Tw -31.104 -2.462 Td (VI. 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281.8878 18.7502 Tm (\226 30 \226)Tj /T1_1 1 Tf -0.025 Tw 11.05 0 0 13 113.3858 754.8479 Tm (Item)Tj 0 Tw 23.619 1.231 Td (First quarter )Tj 2.649 -1.231 Td (of 2025)Tj /T1_0 1 Tf 6.996 1.231 Td (First quarter )Tj 1.983 -1.231 Td (of 2024)Tj /T1_1 1 Tf -35.246 -2.462 Td [(II. )-1187.3 (Cash flows from investment activities:)]TJ /T1_0 1 Tf 0.024 Tc 2.565 -1.231 Td (Cash received from disposal of investments)Tj 0.025 Tc 0 -1.231 Td (Cash received from return on investments)Tj 0 -1.231 Td (Net cash received from disposal of fixed )Tj 1.283 -1.231 Td (assets, intangible assets and other )Tj 0 -1.231 Td (long-term assets)Tj -1.283 -1.231 Td (Net cash received from disposal of )Tj 1.283 -1.231 Td (subsidiaries and other operating entities)Tj -1.283 -1.231 Td (Other cash received relating to investing )Tj -0.025 Tw 1.283 -1.231 Td (activities)Tj ET 0 0 0 1 K 0.5 w q 1 0 0 1 351.4961 574.4379 cm 0 0 m 87.874 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 11.05 0 0 13 345.8268 575.8389 Tm ( )Tj ET q 1 0 0 1 450.7086 574.4379 cm 0 0 m 87.874 0 l S Q BT /T1_0 1 Tf 11.05 0 0 13 445.0394 575.8389 Tm ( )Tj /T1_1 1 Tf 0.025 Tc -27.449 -2.462 Td (Sub-total of cash inflow from investing )Tj -0.025 Tw 1.283 -1.231 Td (activities)Tj ET 2.5 w q 1 0 0 1 351.4961 522.2743 cm 0 0 m 87.874 0 l S Q 0.835 w q 1 0 0 1 351.4961 518.9418 cm 0 0 m 87.874 0 l S Q BT 0 Tc 0 Tw 11.05 0 0 13 345.8268 520.1753 Tm ( )Tj ET 2.5 w q 1 0 0 1 450.7087 522.2743 cm 0 0 m 87.874 0 l S Q 0.835 w q 1 0 0 1 450.7087 518.9418 cm 0 0 m 87.874 0 l S Q BT /T1_0 1 Tf 11.05 0 0 13 445.0394 520.1753 Tm ( )Tj 0.025 Tc -27.449 -2.462 Td (Cash paid for acquisition and construction )Tj 1.283 -1.231 Td (of fixed assets, intangible assets and )Tj 0 -1.231 Td (other long-term assets)Tj /T1_1 1 Tf -0.025 Tw 19.078 0 Td (125,185,292.14)Tj /T1_0 1 Tf 8.979 0 Td (182,586,351.65)Tj 0 Tw -29.339 -1.231 Td (Cash paid for investments)Tj /T1_1 1 Tf -0.025 Tw 20.361 0 Td (261,807,902.78)Tj /T1_0 1 Tf 0 Tc 0 Tw 15.054 0 Td (\226)Tj 0.025 Tc -35.414 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11.05 0 0 13 445.0394 304.2426 Tm ( )Tj /T1_1 1 Tf 0.025 Tc -27.449 -2.462 Td (Net cash flow from operating activities)Tj -0.025 Tw 20.361 0 Td (409,621,176.14)Tj /T1_0 1 Tf 8.621 0 Td (-830,861,606.15)Tj ET 2.5 w q 1 0 0 1 351.4961 266.678 cm 0 0 m 87.874 0 l S Q 0.835 w q 1 0 0 1 351.4961 263.3455 cm 0 0 m 87.874 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 11.05 0 0 13 345.8268 264.579 Tm ( )Tj ET 2.5 w q 1 0 0 1 450.7087 266.678 cm 0 0 m 87.874 0 l S Q 0.835 w q 1 0 0 1 450.7087 263.3455 cm 0 0 m 87.874 0 l S Q BT /T1_0 1 Tf 11.05 0 0 13 445.0394 264.579 Tm ( )Tj ET endstreamendobj50 0 obj<>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 281.8878 18.7502 Tm (\226 28 \226)Tj /T1_1 1 Tf -0.025 Tw 11.05 0 0 13 113.3858 754.8479 Tm (Item)Tj 0 Tw 23.619 1.231 Td (First quarter )Tj 2.649 -1.231 Td (of 2025)Tj /T1_0 1 Tf 6.996 1.231 Td (First quarter )Tj 1.983 -1.231 Td (of 2024)Tj -32.681 -2.462 Td [(\(II\) )-858.3 (Ot )275 (her comprehensive income that )]TJ 3.615 -1.231 Td 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Td (Total non-current assets)Tj -0.025 Tw 21.601 0 Td (29,005,080,449.3)Tj 0 Tc 0 Tw (6)Tj /T1_0 1 Tf 0.025 Tc -0.025 Tw 8.979 0 Td (29,191,862,697.12)Tj ET 2.5 w q 1 0 0 1 351.4961 239.6017 cm 0 0 m 87.874 0 l S Q 0.835 w q 1 0 0 1 351.4961 236.2692 cm 0 0 m 87.874 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 11.05 0 0 13 345.8268 237.5027 Tm ( )Tj ET 2.5 w q 1 0 0 1 450.7087 239.6017 cm 0 0 m 87.874 0 l S Q 0.835 w q 1 0 0 1 450.7087 236.2692 cm 0 0 m 87.874 0 l S Q BT /T1_0 1 Tf 11.05 0 0 13 445.0394 237.5027 Tm ( )Tj /T1_1 1 Tf 0.025 Tc -30.014 -2.462 Td (Total assets)Tj -0.025 Tw 21.601 0 Td (35,382,025,206.81)Tj /T1_0 1 Tf 8.979 0 Td (35,479,243,942.55)Tj ET 2.5 w q 1 0 0 1 351.4961 199.9382 cm 0 0 m 87.874 0 l S Q 0.835 w q 1 0 0 1 351.4961 196.6057 cm 0 0 m 87.874 0 l S Q BT /T1_1 1 Tf 0 Tc 0 Tw 11.05 0 0 13 345.8268 197.8392 Tm ( )Tj ET 2.5 w q 1 0 0 1 450.7087 199.9382 cm 0 0 m 87.874 0 l S Q 0.835 w q 1 0 0 1 450.7087 196.6057 cm 0 0 m 87.874 0 l S Q BT /T1_0 1 Tf 11.05 0 0 13 445.0394 197.8392 Tm ( )Tj ET endstreamendobj84 0 obj<>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 285.0378 18.7502 Tm (\226 8 \226)Tj /T1_1 1 Tf 13 0 0 13 56.6929 773.5878 Tm [(IV. )-469.5 (QUARTERLY FINANCIAL STATEMENTS)]TJ 2.181 -2.462 Td [(\(I\) )-775.5 (Type of audit opinion)]TJ ET 0 0 0 1 K 0.75 w /GS1 gs q 1 0 0 1 113.3858 723.5618 cm 0 0 m 17.758 0 l S Q q 1 0 0 1 113.7608 706.929 cm 0 0 m 0 16.258 l S Q q 1 0 0 1 130.7687 706.929 cm 0 0 m 0 16.258 l S Q q 1 0 0 1 113.3858 706.554 cm 0 0 m 17.758 0 l S Q q 1 0 0 1 243.7795 723.5618 cm 0 0 m 17.758 0 l S Q q 1 0 0 1 244.1545 706.929 cm 0 0 m 0 16.258 l S Q q 1 0 0 1 261.1624 706.929 cm 0 0 m 0 16.258 l S Q q 1 0 0 1 243.7795 706.554 cm 0 0 m 17.758 0 l S Q BT /GS0 gs /T1_0 1 Tf -0.025 Tw 13 0 0 13 143.4918 708.205 Tm (Applicable)Tj /T1_2 1 Tf 0 Tc 0 Tw 8.02 0.072 Td (\037)Tj /T1_0 1 Tf 0.025 Tc 2.126 -0.072 Td (Not applicable)Tj /T1_1 1 Tf -14.642 -2.363 Td [(\(II\) )-361.5 (Financial statements)]TJ 2.181 -2.462 Td (Consolidated Balance Sheet)Tj /T1_0 1 Tf 13 0 3.4833 13 112.0517 629.481 Tm (31 March 2025)Tj 13 0 0 13 113.3858 597.481 Tm (Prepared by: Chongqing Iron & Steel Company Limited)Tj 13 0 3.4833 13 240.5518 565.481 Tm [(Unit: RMB )-750 (Currency: RMB )-750 (Audit type: unaudited)]TJ /T1_1 1 Tf -0.025 Tw 11.05 0 0 13 113.3858 533.481 Tm (Item)Tj 0 Tw 22.813 0 Td (31 March 2025)Tj /T1_0 1 Tf 7.683 0 Td (31 December 2024)Tj /T1_1 1 Tf -30.495 -2.462 Td (Current assets:)Tj /T1_0 1 Tf 1.283 -1.231 Td (Cash and bank balance)Tj /T1_1 1 Tf -0.025 Tw 20.843 0 Td (3,381,553,394.75)Tj /T1_0 1 Tf 8.979 0 Td (3,019,606,427.86)Tj 0 Tw -29.822 -1.231 Td (Balances with clearing companies)Tj 0 -1.231 Td [(Pl )275 (acements with banks and other financial )]TJ -0.025 Tw 0.884 -1.231 Td (institutions)Tj 0 Tw -0.884 -1.231 Td (Held-for-trading financial assets)Tj 0 -1.231 Td (Derivative financial assets)Tj 0 -1.231 Td (Bills receivable)Tj /T1_1 1 Tf 0 Tc 27.718 0 Td (\226)Tj /T1_0 1 Tf 0.025 Tc -0.025 Tw 2.904 0 Td (294,742,106.52)Tj 0 Tw -30.622 -1.231 Td (Accounts receivable)Tj /T1_1 1 Tf -0.025 Tw 22.168 0 Td (18,721,629.31)Tj /T1_0 1 Tf 8.979 0 Td (16,605,149.32)Tj 0 Tw -31.147 -1.231 Td (Receivables financing)Tj /T1_1 1 Tf -0.025 Tw 20.843 0 Td (1,033,777,881.19)Tj /T1_0 1 Tf 9.779 0 Td (898,747,186.51)Tj -30.622 -1.231 Td (Prepayments)Tj /T1_1 1 Tf 21.643 0 Td (185,573,692.81)Tj /T1_0 1 Tf 8.979 0 Td (187,852,973.22)Tj 0 Tw -30.622 -1.231 Td (Premiums receivable)Tj 0 -1.231 Td (Accounts receivable from reinsurers)Tj 0 -1.231 Td (Deposits receivable from reinsurers)Tj 0 -1.231 Td (Other receivables)Tj /T1_1 1 Tf -0.025 Tw 22.168 0 Td (42,236,268.5)Tj 0 Tc 0 Tw (6)Tj /T1_0 1 Tf 0.025 Tc -0.025 Tw 8.979 0 Td (38,073,563.32)Tj 0 Tw -31.147 -1.231 Td (Including: Interests receivable)Tj 4.618 -1.231 Td (Dividends receivable)Tj -4.618 -1.231 Td [(Pr )275 (oceeds from financial assets purchased )]TJ 0.939 -1.231 Td (under agreements to resell)Tj -0.025 Tw -0.939 -1.231 Td (Inventories)Tj /T1_1 1 Tf 20.843 0 Td (1,597,890,813.64)Tj /T1_0 1 Tf 8.979 0 Td (1,706,277,340.05)Tj 0 Tw -29.822 -1.231 Td (Including: Data resources)Tj ET endstreamendobj83 0 obj<>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 285.0378 18.7502 Tm (\226 7 \226)Tj 0.058 Tc 0.07 Tw 13 0 0 13 113.3858 773.3183 Tm [(Participation)12.2 ( of)12.2 ( shareholders)12.3 ( with)12.2 ( at)12.3 ( least)12.3 ( 5)12.3 (%)12.2 ( shareholding,)12.2 ( the)12.2 ( top)12.2 ( 1)12.2 (0)33 ( )]TJ 0.06 Tc 0 -1.154 Td [(shareholders)12.3 ( and)12.3 ( the)12.4 ( top)12.4 ( 1)12.4 (0)12.4 ( shareholders)12.4 ( holding)12.4 ( shares)12.4 ( not)12.4 ( subject)12.4 ( to)35 ( )]TJ 0.03 Tc -0.03 Tw 0 -1.154 Td [(trading)5 ( )]TJ 3.394 0 Td (restrictions)Tj 0.078 Tw 4.796 0 Td [( )0.5 (in)5 ( )0.5 (the)5 ( )0.5 (shares)5 ( )0.5 (lent)5 ( )0.5 (under)5 ( )0.5 (the)5 ( )0.5 (margin)5 ( )0.5 (refinancing)5 ( )0.5 (transfer)5 ( )]TJ 0.025 Tc -0.025 Tw -8.19 -1.154 Td (business)Tj ET 0 0 0 1 K 0.75 w /GS1 gs q 1 0 0 1 113.3858 711.2923 cm 0 0 m 17.758 0 l S Q q 1 0 0 1 113.7608 694.6594 cm 0 0 m 0 16.258 l S Q q 1 0 0 1 130.7687 694.6594 cm 0 0 m 0 16.258 l S Q q 1 0 0 1 113.3858 694.2844 cm 0 0 m 17.758 0 l S Q q 1 0 0 1 243.7795 711.2923 cm 0 0 m 17.758 0 l S Q q 1 0 0 1 244.1545 694.6594 cm 0 0 m 0 16.258 l S Q q 1 0 0 1 261.1624 694.6594 cm 0 0 m 0 16.258 l S Q q 1 0 0 1 243.7795 694.2844 cm 0 0 m 17.758 0 l S Q BT /GS0 gs 13 0 0 13 143.4918 695.9354 Tm (Applicable)Tj /T1_1 1 Tf 0 Tc 0 Tw 8.02 0.072 Td (\037)Tj /T1_0 1 Tf 0.025 Tc 2.126 -0.072 Td (Not applicable)Tj 0.051 Tc 0.07 Tw -12.462 -2.21 Td [(Changes)12.5 ( in)12.5 ( the)12.5 ( top)12.5 ( 1)12.4 (0)12.5 ( shareholders)12.5 ( and)12.5 ( the)12.5 ( top)12.5 ( 1)12.5 (0)12.4 ( shareholders)12.5 ( holding)26 ( )]TJ 0.025 Tc 0.042 Tw 0 -1.154 Td (shares not subject to trading )Tj -0.025 Tw (restrictions)Tj 0.042 Tw ( from the previous period due to the )Tj 0 Tw 0 -1.154 Td (shares lent/returned under the margin refinancing transfer business)Tj ET /GS1 gs q 1 0 0 1 113.3858 620.1854 cm 0 0 m 17.758 0 l S Q q 1 0 0 1 113.7608 603.5526 cm 0 0 m 0 16.258 l S Q q 1 0 0 1 130.7687 603.5526 cm 0 0 m 0 16.258 l S Q q 1 0 0 1 113.3858 603.1776 cm 0 0 m 17.758 0 l S Q q 1 0 0 1 243.7796 620.1854 cm 0 0 m 17.758 0 l S Q q 1 0 0 1 244.1546 603.5526 cm 0 0 m 0 16.258 l S Q q 1 0 0 1 261.1624 603.5526 cm 0 0 m 0 16.258 l S Q q 1 0 0 1 243.7796 603.1776 cm 0 0 m 17.758 0 l S Q BT /GS0 gs -0.025 Tw 13 0 0 13 143.4918 604.8286 Tm (Applicable)Tj /T1_1 1 Tf 0 Tc 0 Tw 8.02 0.072 Td (\037)Tj /T1_0 1 Tf 0.025 Tc 2.126 -0.072 Td (Not applicable)Tj /T1_2 1 Tf -16.823 -2.21 Td [(III. )-388.5 (OTHER REMINDERS)]TJ /T1_0 1 Tf 0.081 Tc 0.07 Tw 2.181 -2.308 Td [(Other)12.8 ( important)12.8 ( information)12.8 ( about)12.8 ( the)12.8 ( Company\222s)12.8 ( operations)12.8 ( during)12.8 ( the)56 ( )]TJ 0.025 Tc 0 Tw 0 -1.154 Td (Reporting Period that should be brought to the attention of investors)Tj ET /GS1 gs q 1 0 0 1 85.0394 514.0785 cm 0 0 m 17.758 0 l S Q q 1 0 0 1 85.4144 497.4456 cm 0 0 m 0 16.258 l S Q q 1 0 0 1 102.4223 497.4456 cm 0 0 m 0 16.258 l S Q q 1 0 0 1 85.0394 497.0706 cm 0 0 m 17.758 0 l S Q q 1 0 0 1 215.4331 514.0785 cm 0 0 m 17.758 0 l S Q q 1 0 0 1 215.8081 497.4456 cm 0 0 m 0 16.258 l S Q q 1 0 0 1 232.8159 497.4456 cm 0 0 m 0 16.258 l S Q q 1 0 0 1 215.4331 497.0706 cm 0 0 m 17.758 0 l S Q BT /GS0 gs -0.025 Tw 13 0 0 13 115.1453 498.7216 Tm (Applicable)Tj /T1_1 1 Tf 0 Tc 0 Tw 8.02 0.072 Td (\037)Tj /T1_0 1 Tf 0.025 Tc 2.126 -0.072 Td (Not applicable)Tj ET endstreamendobj81 0 obj<>stream BT 0 0 0 1 k /Perceptual ri /GS0 gs /T1_0 1 Tf 0.025 Tc 12 0 0 12 285.0378 18.7502 Tm (\226 6 \226)Tj /T1_1 1 Tf 13 0 0 13 65.8111 773.5878 Tm (Shareholdings of the top 10 holders of shares not subject to trading )Tj -0.025 Tw (restrictions)Tj 0 Tc 0 Tw ( )Tj 0.025 Tc 1.97 -1.231 Td (\(excluding shares lent under the margin refinancing transfer business\)\)Tj 10.4 0 0 13 56.6929 669.0878 Tm (Name of shareholder)Tj 22.691 4.462 Td (Number of )Tj -1.957 -1.115 Td (shares held not )Tj 2.432 -1.115 Td (subject to )Tj -0.025 Tw 1.046 -1.115 Td (trading)Tj 0 Tc 0 Tw -2.065 -1.115 Td ( )Tj 0.025 Tc -0.025 Tw 0.275 0 Td (restrictions)Tj 0 Tw 8.553 4.462 Td (Class and number of shares)Tj -0.025 Tw -2.084 -4.462 Td (Class)Tj 13.219 0 Td (Number)Tj /T1_0 1 Tf 0 Tw -42.11 -2.231 Td (Chongqing Changshou Iron & Steel Company )Tj -0.025 Tw 0.818 -1.115 Td (Limited)Tj 20.661 1.115 Td (2,096,981,600)Tj 7.413 0 Td (RMB-denominated )Tj 0 Tw 0.818 -1.115 Td (ordinary shares)Tj -0.025 Tw 10.031 1.115 Td (2,096,981,600)Tj 0 Tw -39.74 -2.231 Td (HKSCC NOMINEES LIMITED)Tj -0.025 Tw 22.279 0 Td (533,506,891)Tj 0 Tw 6.613 0 Td (Overseas listed )Tj 0.818 -1.115 Td (foreign shares)Tj -0.025 Tw 10.831 1.115 Td (533,506,891)Tj 0 Tw -40.54 -2.231 Td (Chongqing Qianxin Group Co., Ltd.)Tj -0.025 Tw 22.279 0 Td (427,195,760)Tj 6.613 0 Td (RMB-denominated )Tj 0 Tw 0.818 -1.115 Td (ordinary shares)Tj -0.025 Tw 10.831 1.115 Td (427,195,760)Tj 0 Tw -40.54 -2.231 Td (Chongqing Rural Commercial Bank Co., Ltd.)Tj -0.025 Tw 22.279 0 Td (289,268,939)Tj 6.613 0 Td (RMB-denominated )Tj 0 Tw 0.818 -1.115 Td (ordinary shares)Tj -0.025 Tw 10.831 1.115 Td (289,268,939)Tj 0 Tw -40.54 -2.231 Td (Chongqing Urban Construction Investment )Tj 0.818 -1.115 Td (\(Group\) Co., Ltd.)Tj -0.025 Tw 21.461 1.115 Td (278,288,059)Tj 6.613 0 Td (RMB-denominated )Tj 0 Tw 0.818 -1.115 Td (ordinary shares)Tj -0.025 Tw 10.831 1.115 Td (278,288,059)Tj 0 Tw -40.54 -2.231 Td (Bank of Chongqing Co., Ltd.)Tj -0.025 Tw 22.279 0 Td (226,042,920)Tj 6.613 0 Td (RMB-denominated )Tj 0 Tw 0.818 -1.115 Td (ordinary shares)Tj -0.025 Tw 10.831 1.115 Td (226,042,920)Tj 0 Tw -40.54 -2.231 Td (Baowu Group Zhongnan Steel Co., Ltd.)Tj -0.025 Tw 22.279 0 Td (224,831,743)Tj 6.613 0 Td (RMB-denominated )Tj 0 Tw 0.818 -1.115 Td (ordinary shares)Tj -0.025 Tw 10.831 1.115 Td (224,831,743)Tj 0 Tw -40.54 -2.231 Td (Industrial Bank Co., Ltd. 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