BYIS(SH:600581) Xin Lang Cai Jing·2026-02-03 04:21Core Viewpoint - The Xinjiang Securities Regulatory Bureau has conducted an investigation into Xinjiang Bayi Steel (Bayi Steel) for violations of information disclosure laws, resulting in administrative penalties including a fine of 3 million yuan [1][4]. Group 1: Violations and Transactions - In 2022, Bayi Steel engaged in non-operating fund transactions with its controlling shareholder, Xinjiang Bayi Steel Group (Bayi Group), receiving a total of 3,675,121,967.86 yuan and transferring 3,642,040,000.00 yuan [2]. - In 2023, the company received 2,809,680,000.00 yuan and transferred 2,770,870,000.00 yuan in similar transactions with Bayi Group [2]. - For 2024, the amounts involved were 2,514,395,569.24 yuan received and 2,534,817,067.03 yuan transferred [2]. Group 2: Disclosure Obligations - Bayi Steel failed to disclose the non-operating fund transactions with its controlling shareholder and related parties in its annual reports for 2022, 2023, and 2024, constituting a significant omission [3]. - The company violated multiple provisions of the Securities Law regarding timely disclosure of related party transactions [3]. Group 3: Penalties and Appeals - The Xinjiang Securities Regulatory Bureau has ordered Bayi Steel to correct its violations, issued a warning, and imposed a fine of 3 million yuan [4]. - Bayi Steel has the right to apply for administrative reconsideration or file an administrative lawsuit within specified time frames if it disagrees with the penalty [4].