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Xinjiang Ba Yi Iron & Steel (600581.SH): Intends to carry out financing leaseback business after-sales leaseback.
Gelonghui November 12th | Xinjiang Ba Yi Iron & Steel (600581.SH) announced that, in order to optimize the long-term and short-term debt structure, reduce liquidity risks, alleviate the pressure on winter economic operations, the company plans to carry out financing leasing sale and leaseback business. The application for financing leasing credit amount shall not exceed 1 billion yuan, with a term of 5 years, and a comprehensive cost of funds not exceeding 3.5%. The actual financing leasing amount will be based on the company's actual production needs.
Xinjiang Ba Yi Iron & Steel (600581.SH): plans to invest in building a new wide and thick plate continuous casting machine project for a 150-ton steelmaking plant, with a total investment not exceeding 0.239 billion yuan.
Gelonghui November 12th|xinjiang ba yi iron & steel (600581.SH) announced that the company's steelmaking plant has two converter production lines of 120 tons and 150 tons. The 150-ton converter production line is equipped with 2 sets of bloom continuous casting machines for the bar production line; the 120-ton converter production line is equipped with 4 sets of slab continuous casting machines for the hot rolling production line and wide plate production line, with a maximum size of 1800mm×250mm. The 120-ton converter production line can be directly connected to the hot rolling production line for hot delivery, but supplying the wide plate production line requires transportation by autos, making it impossible to achieve hot loading and sending, resulting in poor economics. In addition, the total amount of slabs from the 120-ton converter production line cannot simultaneously meet the needs of both the hot rolling and wide plate production lines.
Bayi Steel Report for the Third Quarter of 2024
Bayi Steel\'s business data announcement for January-September 2024
xinjiang ba yi iron & steel (600581.SH): net loss of 1.445 billion yuan in the first three quarters.
Gelonghui October 29th | Xinjiang Ba Yi Iron & Steel (600581.SH) announced that in the first three quarters of 2024, the total operating income was 14.822 billion yuan, a year-on-year decrease of 16.64%; net income attributable to shareholders of the parent company was -1.445 billion yuan; basic earnings per share was -0.935 yuan.
Express News | Ba Yi Iron & Steel Says Q3 Net Loss at 725.4 Mln Yuan
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