BYIS(SH:600581) Xin Lang Cai Jing·2026-02-03 04:22Core Viewpoint - The Xinjiang Securities Regulatory Bureau has conducted an investigation into Ba Yi Steel for violations of information disclosure laws, resulting in penalties for the company's chairman, Ke Shanliang [1][5]. Group 1: Violations and Transactions - Ba Yi Steel engaged in non-operational fund transactions with its controlling shareholder, Ba Yi Steel Group, totaling approximately 3.68 billion yuan in 2022, 2.81 billion yuan in 2023, and 2.51 billion yuan in 2024 for funds received [2]. - The company also transferred approximately 3.64 billion yuan to Ba Yi Steel Group in 2022, 2.77 billion yuan in 2023, and 2.53 billion yuan in 2024 [2]. Group 2: Disclosure Obligations - Ba Yi Steel failed to disclose the non-operational fund transactions in its annual reports for 2022, 2023, and 2024, constituting a significant omission as per the Securities Law [3]. - The company is required to disclose such transactions in accordance with the Securities Law and related regulations, which it did not comply with [3]. Group 3: Accountability and Penalties - Ke Shanliang, as the chairman, is held responsible for the company's failure to fulfill its disclosure obligations and has been warned and fined 1 million yuan [4][5]. - The penalty must be paid within 15 days of receiving the decision, and there are provisions for administrative review or litigation if the decision is contested [6].