Xinjiang Ba Yi Iron and Steel

Ba Yi Iron and Steel Group

Company type	state-owned enterprise
Industry	Iron and steel manufacturing
Founded	1951 (as steel plant) 20 October 1995 (1995-10-20) (as company)[1]
Headquarters	Ürümqi, Xinjiang , China
Area served	China
Revenue	CN¥11.4 billion (2015)
Operating income	(CN¥5.2 billion) (2015)
Net income	(CN¥3.9 billion) (2015)
Total assets	CN¥47.3 billion (2015)
Total equity	CN¥3.8 billion (2015)
Owner	China Baowu Steel Group (76.93%) Xinjiang Investment Development (15%) Huarong Asset Management (7.95%) Xinjiang Financing Guarantee (0.12%)
Parent	China Baowu Steel Group
Subsidiaries	Ba Yi Iron and Steel (50.02%)
Website	bygt.com.cn
Footnotes / references in a consolidated basis[2]

Ba Yi Iron and Steel

Company type	public
Traded as	SSE: 600581
Industry	Iron and steel manufacturing
Founded	27 July 2000 (2000-07-27)
Headquarters	Ürümqi, Xinjiang , China
Area served	China
Revenue	CN¥10.6 billion (2015)
Operating income	(CN¥2.5 billion) (2015)
Net income	(CN¥2.5 billion) (2015)
Total assets	CN¥18.3 billion (2015)
Total equity	(CN¥905 million) (2015)
Owner	Ba Yi Iron and Steel Group (50.02%)
Parent	Ba Yi Iron and Steel Group
Footnotes / references in a consolidated basis[3]

Xinjiang Ba Yi Iron and Steel Co., Ltd. known as Ba Yi Iron & Steel or 8 1 Iron & Steel or August 1 Iron & Steel or BYIS or Bagang (Chinese: 八钢) or Basteel, is a Chinese steel maker based in Ürümqi, Xinjiang. The company was a second-tier subsidiary of China Baowu Steel Group, via Ba Yi Iron and Steel Group (now known as "Baosteel Steel Group Xinjiang Ba Yi Iron and Steel Co., Ltd."). The rest of the shares of the company float in Shanghai Stock Exchange. Xinjiang government is the minority shareholder of the holding company: Ba Yi Iron and Steel Group.