BYIS(SH:600581) Zhong Guo Zheng Quan Bao·2025-11-07 14:55Core Viewpoint - The company, Ba Yi Steel, is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, which has led to a decline in its stock price and market capitalization [2][3]. Group 1: Regulatory Investigation - On November 7, Ba Yi Steel received a notice from the CSRC regarding the initiation of an investigation due to suspected violations of information disclosure laws [3]. - The company has stated that it will comply with regulatory requirements and fulfill its information disclosure obligations [3]. - The investigation is also applicable to the company's controlling shareholder, Xinjiang Ba Yi Steel Group Co., Ltd. [2][3]. Group 2: Financial Performance - For the first three quarters of the year, Ba Yi Steel reported a revenue of approximately 14.617 billion yuan, a year-on-year decrease of 1.39% [4]. - The company recorded a net loss attributable to shareholders of approximately -572 million yuan, continuing its trend of losses [4]. - Projected net losses for 2023 and 2024 are estimated at -1.163 billion yuan and -1.752 billion yuan, respectively [4]. Group 3: Production and Sales Data - In the first three quarters of 2025, the company produced 933,000 tons of construction materials, a year-on-year decrease of 15.47% [4]. - Sales volume for the same period was 950,300 tons, down 17.63% year-on-year [4]. - The average selling price was 3,016.88 yuan per ton (excluding tax), reflecting a year-on-year decline of 10.58% [4]. Group 4: Investment Adjustments - The company announced adjustments to its fixed asset investment plan for 2025, including the cancellation of 22 investment projects totaling 47.65 million yuan [5]. - Additionally, 12 projects had their investment plans reduced by a total of 121.7 million yuan [5]. - The revised fixed asset investment plan is set at 211.8 million yuan, which is a reduction of 169.35 million yuan from the initial plan [5].