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Revised 2025 Annual Report of Bayi Iron & Steel
*ST Bay Steel (600581.SH): Plans to conduct a private placement to raise no more than 1.297 billion yuan from Huabao Investment.
Gelonghui, April 30th: *ST Babao (600581.SH) announced the preliminary plan for a private placement of A-shares in 2026. The target investor for this private placement is Huabao Investment Co., Ltd. (hereinafter referred to as “Huabao Investment”). Huabao Investment intends to subscribe to all the shares issued in this offering with cash. Huabao Investment has signed a conditional agreement for the subscription of shares in this private placement. The intended subscription amount by Huabao Investment is RMB 1.297 billion, and the number of shares to be subscribed will be calculated based on the subscription amount divided by the subscription price, rounded to the nearest whole number.
*ST Bayi Steel: Bayi Iron & Steel\'s First Quarter Report for 2026
Announcement on Operating Data for the First Quarter of 2026 by Bayi Iron & Steel
Bayi Iron & Steel 2026 First Quarter Report
Baogang (600581.SH) reported a net loss of 327 million yuan in the first quarter.
Gelonghui reported on April 27 that *ST Bagang (600581.SH) released its Q1 2026 financial report, showing that the company achieved operating revenue of 3.252 billion yuan in the first quarter, representing a year-on-year decline of 7.37%; net profit attributable to shareholders was -327 million yuan; and non-recurring net profit attributable to shareholders was -320 million yuan.