Employees: 6,610
Size Xinjiang Ba Yi Iron & Steel (600581.SS) is a China Materials company (Steel) with a market value of $526M, the 3736th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥2.29 on 6 Nov 2026.
Performance Over six months the shares fell 18.8%, against -14.7% for the median peer and -16.4% for the China market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 0.4% over the last twelve months (peer median +2.1%); the operating margin is -8.2% (peer median 3.7%).
Valuation It trades at 5.9× forward earnings against a peer median of 15.6× (cheapest of 13).
Capital Return on invested capital runs 7.6 points below its cost of capital (5.0% WACC).
Next results Next results expected around 20 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥18.5B | CN¥18.7B | CN¥18.7B | CN¥23.0B | CN¥23.0B |
| Revenue growth | — | 0% | -19% | 0% | — |
| Gross profit | CN¥1.42B | CN¥146M | -CN¥405M | CN¥787M | -CN¥37.7M |
| EBITDA | n/a | CN¥372M | -CN¥184M | CN¥486M | -CN¥158M |
| Net income | -CN¥1.87B | -CN¥1.88B | -CN¥1.76B | -CN¥1.16B | -CN¥1.36B |
| Free cash flow | -CN¥2.41B | -CN¥2.28B | -CN¥163M | -CN¥933M | CN¥378M |
| Capital expenditure | CN¥507M | CN¥507M | CN¥1.75B | CN¥364M | CN¥278M |
| Total debt | CN¥16.3B | CN¥19.3B | CN¥19.7B | CN¥19.1B | CN¥18.1B |
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| Measure | 600581.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.5% | -9.4% | 10th highest of 21 |
| 6-month return | -18.8% | -14.7% | 8th lowest of 21 |
| Distance from 52-week high | -50.4% | -29.8% | 5th lowest of 21 |
| Revenue growth (TTM) | +0.4% | +2.1% | 9th lowest of 21 |
| Operating margin | -8.2% | 3.7% | 2nd lowest of 21 |
| Forward P/E | 5.9× | 15.6× | cheapest of 13 |
| ROIC minus cost of capital | -7.6 pp | -3.9 pp | 4th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Xinjiang Ba Yi Iron & Steel 600581.SS | China | $526M | -19% | 0% | -8% | 5.9× | n/a | n/a |
| Bansal Wire Industries BANSALWIRE.NS | India | $517M | +3% | +20% | 6% | 25.4× | 31.6% | +23.0% |
| Zhejiang Tiantai Xianghe Industrial 603500.SS | China | $515M | -3% | +22% | 20% | n/a | 8.2% | +25.0% |
| Sambhv Steel Tubes SAMBHV.NS | India | $510M | +27% | +42% | 10% | 24.2× | n/a | n/a |
| Nippon Yakin Kogyo 5480.T | Japan | $504M | +17% | +1% | 9% | 8.8× | -1.0% | +6.0% |
| Surya Roshni SURYAROSNI.NS | India | $500M | -20% | +12% | 5% | 11.0× | 20.2% | +6.3% |
| Zhejiang Huada New Materials 605158.SS | China | $496M | -17% | +22% | 0% | n/a | 0.1% | +2.8% |
| Goodluck India GOODLUCK.NS | India | $571M | +15% | +10% | 8% | 24.5× | n/a | n/a |
| Kurimoto,Ltd 5602.T | Japan | $576M | -4% | +3% | 7% | 10.5× | 2.1% | +1.9% |
| Shandong Jinling Mining 000655.SZ | China | $578M | -22% | +11% | 3% | 15.4× | 23.3% | +3.1% |
| Yieh United Steel 9957.TWO | Taiwan | $581M | -18% | -10% | -12% | n/a | n/a | n/a |
| Guangdong Sanhe Pile 003037.SZ | China | $466M | -28% | -9% | 1% | n/a | n/a | n/a |
| Shanxi Antai 600408.SS | China | $456M | -8% | -5% | -3% | n/a | 28.8% | -10.7% |
| Kyoei Steel 5440.T | Japan | $455M | -13% | +7% | 4% | 8.8× | -7.0% | +6.8% |
| Ferrexpo FXPO.L | United Kingdom | $453M | -55% | -39% | -1% | n/a | n/a | n/a |
| Electrosteel Castings ELECTCAST.NS | India | $450M | -25% | -16% | 2% | 26.5× | 12.6% | +11.3% |
| Chun Yuan Steel Industry 2010.TW | Taiwan | $445M | -8% | +2% | 8% | n/a | -11.7% | +4.7% |
| Topy Industries 7231.T | Japan | $440M | +1% | +2% | 2% | 9.0× | 6.0% | +5.8% |
| Liaoning Fu-An Heavy Industry 603315.SS | China | $439M | -46% | -4% | 3% | n/a | 31.1% | +7.5% |
| Chung Hung Steel 2014.TW | Taiwan | $636M | -16% | -17% | -1% | 54.3× | -10.1% | -12.4% |
| SK oceanplant 100090.KS | South Korea | $430M | -62% | -5% | 8% | 15.7× | n/a | n/a |