TABLE-Angang Steel Q3 net profit rises 29 percent

Oct 23 (Reuters) - Three months ended Sept 30, 2008

(in million yuan unless stated)

Shr (yuan) 0.314 vs 0.297

Net 2,273 vs 1,763

Total operating income 22,847 vs 16,268

Nine months ended September 30, 2008

(in million yuan unless stated)

Shr (yuan) 1.141 vs 1.107

Net 8,253 vs 6,567

Total operating income 63,015 vs 49,003

Company name Angang Steel Co. Ltd.

NOTE - Angang Steel (0347.HK) 000898.SZ is principally
engaged in the manufacture and distribution of steel and related
products.

The financial statements contained in this quarterly report
are unaudited. The financial information contained in this report
has been prepared in accordance with generally accepted Chinese
accounting principles.
(Reporting by Raymond Leung in Hong Kong)