Xinjiang Ba Yi Iron & Steel Co Ltd

SHG:600581 China Steel
Market Cap
$622.58 Million
CN¥4.57 Billion CNY
Market Cap Rank
#12691 Global
#3184 in China
Share Price
CN¥2.98
Change (1 day)
+1.71%
52-Week Range
CN¥2.80 - CN¥5.23
All Time High
CN¥10.89
Categories
Companies in China Steel
About

XinJiang Ba Yi Iron & Steel Co.,Ltd. focuses on smelting, rolling, processing, and selling of steel products primarily in China. Its principal products include hot-rolled coils, rebars, medium and thick plates, wire rods, profiles, hot-dip galvanized coils, bars, cold-rolled coils, and other products. The company was founded in 2000 is based in Ürümqi, China.

Xinjiang Ba Yi Iron & Steel Co Ltd (600581) - Net Assets

Latest net assets as of September 2025: CN¥-411.95 Million CNY

Based on the latest financial reports, Xinjiang Ba Yi Iron & Steel Co Ltd (600581) has net assets worth CN¥-411.95 Million CNY as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥28.95 Billion) and total liabilities (CN¥29.36 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥-411.95 Million
% of Total Assets -1.42%
Annual Growth Rate -5.26%
5-Year Change -97.22%
10-Year Change N/A
Growth Volatility 55.12

Xinjiang Ba Yi Iron & Steel Co Ltd - Net Assets Trend (2000–2024)

This chart illustrates how Xinjiang Ba Yi Iron & Steel Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Xinjiang Ba Yi Iron & Steel Co Ltd (2000–2024)

The table below shows the annual net assets of Xinjiang Ba Yi Iron & Steel Co Ltd from 2000 to 2024.

Year Net Assets Change
2024-12-31 CN¥125.19 Million -93.21%
2023-12-31 CN¥1.85 Billion -38.24%
2022-12-31 CN¥2.99 Billion -32.03%
2021-12-31 CN¥4.39 Billion -2.45%
2020-12-31 CN¥4.51 Billion +8.56%
2019-12-31 CN¥4.15 Billion +2.65%
2018-12-31 CN¥4.04 Billion +21.01%
2017-12-31 CN¥3.34 Billion +52.03%
2016-12-31 CN¥2.20 Billion +342.70%
2015-12-31 CN¥-905.45 Million -156.58%
2014-12-31 CN¥1.60 Billion -56.10%
2013-12-31 CN¥3.65 Billion -0.64%
2012-12-31 CN¥3.67 Billion +0.03%
2011-12-31 CN¥3.67 Billion +8.50%
2010-12-31 CN¥3.38 Billion +16.83%
2009-12-31 CN¥2.89 Billion +2.55%
2008-12-31 CN¥2.82 Billion +2.71%
2007-12-31 CN¥2.75 Billion +13.39%
2006-12-31 CN¥2.42 Billion +1.60%
2005-12-31 CN¥2.38 Billion +2.95%
2004-12-31 CN¥2.32 Billion +17.13%
2003-12-31 CN¥1.98 Billion +17.94%
2002-12-31 CN¥1.68 Billion +157.71%
2001-12-31 CN¥650.63 Million +41.93%
2000-12-31 CN¥458.41 Million --

Equity Component Analysis

This analysis shows how different components contribute to Xinjiang Ba Yi Iron & Steel Co Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have decreased by 28631.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock CN¥1.54 Billion 2446.94%
Other Comprehensive Income CN¥899.73 Million 1430.81%
Other Components CN¥2.53 Billion 4024.84%
Total Equity CN¥62.88 Million 100.00%

Xinjiang Ba Yi Iron & Steel Co Ltd Competitors by Market Cap

The table below lists competitors of Xinjiang Ba Yi Iron & Steel Co Ltd ranked by their market capitalization.

Company Market Cap
Garware Technical Fibres Limited
NSE:GARFIBRES
 		$308.25 Million
Oneconnect Financial Technology Co
NYSE:OCFT
 		$308.62 Million
Kenmare Resources plc
PINK:KMRPF
 		$308.63 Million
Shandong Rike Chemical
SHE:300214
 		$308.68 Million
Shenzhen AV-Display Co. Ltd.
SHE:300939
 		$308.13 Million
Cia de Ferro Ligas da Bahia - FERBASA
SA:FESA3
 		$308.12 Million
Zhejiang Tieliu Clutch Co Ltd
SHG:603926
 		$308.09 Million
Donegal Group A Inc
NASDAQ:DGICA
 		$308.08 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Xinjiang Ba Yi Iron & Steel Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 1,784,437,472 to 62,882,381, a change of -1,721,555,091 (-96.5%).
  • Net loss of 1,752,151,282 reduced equity.
  • Dividend payments of 368,209,153 reduced retained earnings.
  • Share repurchases of 19,331,628 reduced equity.
  • Other comprehensive income increased equity by 869,486,808.
  • Other factors decreased equity by 451,349,836.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥-1.75 Billion -2786.39%
Dividends Paid CN¥368.21 Million -585.55%
Share Repurchases CN¥19.33 Million -30.74%
Other Comprehensive Income CN¥869.49 Million +1382.72%
Other Changes CN¥-451.35 Million -717.77%
Total Change CN¥- -96.48%

Book Value vs Market Value Analysis

This analysis compares Xinjiang Ba Yi Iron & Steel Co Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 73.18x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has increased from 9.99x to 73.18x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2000-12-31 CN¥0.30 CN¥2.98 x
2001-12-31 CN¥0.42 CN¥2.98 x
2002-12-31 CN¥1.08 CN¥2.98 x
2003-12-31 CN¥1.29 CN¥2.98 x
2004-12-31 CN¥1.51 CN¥2.98 x
2005-12-31 CN¥1.55 CN¥2.98 x
2006-12-31 CN¥1.58 CN¥2.98 x
2007-12-31 CN¥1.79 CN¥2.98 x
2008-12-31 CN¥1.90 CN¥2.98 x
2009-12-31 CN¥1.84 CN¥2.98 x
2010-12-31 CN¥2.20 CN¥2.98 x
2011-12-31 CN¥2.40 CN¥2.98 x
2012-12-31 CN¥2.13 CN¥2.98 x
2013-12-31 CN¥2.18 CN¥2.98 x
2014-12-31 CN¥1.04 CN¥2.98 x
2015-12-31 CN¥-0.59 CN¥2.98 x
2016-12-31 CN¥1.48 CN¥2.98 x
2017-12-31 CN¥2.18 CN¥2.98 x
2018-12-31 CN¥2.64 CN¥2.98 x
2019-12-31 CN¥2.71 CN¥2.98 x
2020-12-31 CN¥2.94 CN¥2.98 x
2021-12-31 CN¥2.78 CN¥2.98 x
2022-12-31 CN¥1.91 CN¥2.98 x
2023-12-31 CN¥1.17 CN¥2.98 x
2024-12-31 CN¥0.04 CN¥2.98 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Xinjiang Ba Yi Iron & Steel Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): -2786.39%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -9.39%
  • • Asset Turnover: 0.63x
  • • Equity Multiplier: 474.21x
  • Recent ROE (-2786.39%) is below the historical average (-110.37%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2000 26.39% 4.62% 1.79x 3.19x CN¥75.15 Million
2001 32.19% 6.78% 1.86x 2.56x CN¥144.36 Million
2002 9.67% 5.03% 1.05x 1.83x CN¥-5.49 Million
2003 16.25% 6.76% 1.43x 1.68x CN¥123.68 Million
2004 18.87% 6.69% 1.43x 1.98x CN¥205.42 Million
2005 10.28% 3.14% 1.43x 2.29x CN¥6.72 Million
2006 6.50% 1.80% 1.11x 3.25x CN¥-84.86 Million
2007 14.52% 3.12% 1.24x 3.76x CN¥124.19 Million
2008 3.68% 0.52% 1.65x 4.30x CN¥-178.29 Million
2009 3.81% 0.67% 1.31x 4.35x CN¥-179.19 Million
2010 15.54% 2.22% 1.94x 3.60x CN¥187.16 Million
2011 13.13% 1.72% 2.15x 3.55x CN¥114.77 Million
2012 4.21% 0.58% 1.86x 3.90x CN¥-212.61 Million
2013 0.92% 0.14% 1.03x 6.17x CN¥-331.18 Million
2014 -127.14% -9.86% 0.97x 13.26x CN¥-2.19 Billion
2015 0.00% -23.77% 0.58x 0.00x CN¥-2.42 Billion
2016 1.69% 0.38% 0.90x 5.01x CN¥-182.65 Million
2017 34.96% 6.97% 0.90x 5.57x CN¥833.89 Million
2018 17.33% 3.48% 1.04x 4.78x CN¥296.25 Million
2019 2.68% 0.54% 1.06x 4.70x CN¥-303.86 Million
2020 7.33% 1.52% 0.97x 4.98x CN¥-120.29 Million
2021 27.67% 3.83% 0.99x 7.30x CN¥754.38 Million
2022 -48.14% -6.10% 0.78x 10.17x CN¥-1.70 Billion
2023 -65.18% -5.06% 0.79x 16.39x CN¥-1.34 Billion
2024 -2786.39% -9.39% 0.63x 474.21x CN¥-1.76 Billion

Industry Comparison

This section compares Xinjiang Ba Yi Iron & Steel Co Ltd's net assets metrics with peer companies in the Steel industry.

Industry Context

  • Industry: Steel
  • Average net assets among peers: $13,874,696,979
  • Average return on equity (ROE) among peers: 20.52%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Xinjiang Ba Yi Iron & Steel Co Ltd (600581) CN¥-411.95 Million 26.39% N/A $308.15 Million
CITIC Pacific Special Steel Group Co Ltd (000708) $4.40 Billion 81.30% 0.74x $1.84 Billion
HBIS Co Ltd (000709) $7.63 Billion 11.59% 1.03x $1.27 Billion
Sgis Songshan Co Ltd (000717) $8.00 Billion 22.80% 1.15x $443.11 Million
Bengang Steel Plates Co Ltd (000761) $20.01 Billion 2.78% 2.03x $452.44 Million
Xinxing Ductile Iron Pipes Co Ltd (000778) $2.18 Billion 17.60% 0.97x $1.51 Billion
Shanxi Taigang Stainless Steel Co Ltd (000825) $27.34 Billion 16.91% 1.72x $1.33 Billion
Jiangsu Fasten Co Ltd (000890) $1.18 Billion 1.14% 1.80x $283.59 Million
Angang Steel Co Ltd Class A (000898) $60.19 Billion 11.57% 0.62x $1.19 Billion
Hunan Valin Steel Co Ltd (000932) $1.39 Billion 22.60% 1.61x $1.17 Billion
Beijing Shougang Co Ltd (000959) $6.43 Billion 16.93% 1.18x $911.24 Million