BYIS(SH:600581) Zhong Guo Neng Yuan Wang·2025-11-10 01:16Core Viewpoint - Ba Yi Steel has been investigated by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure, which may impact its operations despite recent financial recovery [1][2] Group 1: Company Announcements - On November 7, Ba Yi Steel and its controlling shareholder, Xinjiang Ba Yi Steel Group Co., Ltd., received a notice of investigation from the CSRC due to suspected information disclosure violations [1] - The company stated that its production and operational activities are normal, and the management team is fulfilling their duties, asserting that the investigation will not significantly affect its operations [1] Group 2: Financial Performance - For the first three quarters of the year, Ba Yi Steel reported an operating income of approximately 14.6 billion yuan, a year-on-year decrease of 1.39%, with a net profit attributable to the listed company of -572 million yuan [2] - In contrast, the third quarter showed a recovery with an operating income of 5.884 billion yuan, a year-on-year increase of 7.78%, and a net profit of 125 million yuan, marking a turnaround from losses [2] Group 3: Industry Position - Ba Yi Steel is the only publicly listed steel company in Xinjiang and holds a leading position in the region, being the largest and most comprehensive steel enterprise in terms of industry chain [2] - The Ministry of Industry and Information Technology's 2025 guidelines for the steel industry emphasize the need for companies to operate legally and not be listed as "seriously untrustworthy entities" [2]