The company announced that its net loss attributable to shareholders during this period amounted to 697 million yuan (approximately 97.7 million US dollars), reflecting a slight improvement compared to the net loss of 720 million yuan recorded in the same period of the previous year.
Revenue Decline
Bayi Iron & Steel's operating revenue for the first six months of 2025 was recorded at 8.733 billion yuan, a 6.73% decrease compared to the same period of the prior year. The decline in revenue stemmed from a modest contraction in the company’s steel production and sales volumes.
No Profit Distribution Plan
The company stated that it did not implement any profit distribution plan or any plan to convert retained reserves into equity capital during the reporting period. This indicates that Bayi Iron & Steel’s current financial structure is unlikely to generate dividend expectations for investors in the near term.
Company's Business Scope
Bayi Iron & Steel is known as a manufacturer producing flat and long steel products primarily for the construction, automotive, and heavy industry sectors. In addition to serving the domestic Chinese market, the company also conducts limited export activities and has established expertise in high-quality steel production.
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