According to Zhitong Finance App News, Bayi Steel (600581.SH) disclosed its 2023 annual report. The company achieved revenue of 22.971 billion yuan in 2023, a year-on-year decrease of 0.32%; net profit loss to mother was 1,163 billion yuan, which was a year-on-year narrowing; after deducting non-net profit loss of 1,156 billion yuan, a year-on-year narrowing; and basic earnings per share were -0.76 yuan.

In 2023, the steel industry as a whole showed a trend of strong supply and weak demand. The company deepened the accounting business philosophy, expanded the accounting management dimension, and carried out production organization in line with production equalization policies, low market seasons, product margins, etc., to reduce costs and increase efficiency, and find errors against benchmarks to ensure the smooth and orderly progress of production and operation and various tasks. In 2023, 5.26 million tons of iron, 5.69 million tons of steel, and 5.56 million tons of commercial materials were produced, increasing by 370,000 tons, 390,000 tons, and 520,000 tons respectively over the previous year.