Stock Code: 000530; 200530 Short Form of the Stock: Bingshan; Bingshan B No: 2026-025
Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd.
§1 Important Notes
This summary is extracted from the original of the semiannual report. For more information, the
investors are recommended to refer to the original.
Non-standard audit opinion presentation □ Applicable √ Not applicable
Profit distribution and dividend payment □ Applicable √ Not applicable
§2 Company Profile
Short form of the stock Bingshan; Bingshan B
Stock code 000530; 200530
Listed stock exchange Shenzhen Stock Exchange
Legal name in Chinese 冰山冷热科技股份有限公司
Short form of legal name 冰山冷热
Legal English name Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd.
Abbreviation of legal English name Bingshan
Legal representative Ji Zhijian
Did the Company retroactively adjust or restate the accounting data of previous years?
√Yes □ No
The reason for the retroactive adjustment is the same control enterprise merger.
Unit: RMB Yuan
Increase/decrease compared
Before adjustment After adjustment After adjustment
Operating revenue 2,179,670,345.56 2,380,320,781.91 2,385,274,786.05 -8.62%
Net profit attributable to shareholders of
listed companies
Net profit belonging to the shareholders
of listed companies after the deduction of 30,733,552.15 72,911,982.78 72,911,982.78 -57.85%
non-recurring profit and loss
Net cash flow from operating activities -97,657,176.10 -1,032,514.46 -968,304.83 -
Basic earning per share 0.06 0.09 0.09 -33.33%
Diluted earnings per share 0.06 0.09 0.09 -33.33%
Weighted average return on net asset
yield
Increase/decrease compared
Before adjustment After adjustment After adjustment
Total assets 7,441,700,389.64 7,596,536,378.75 7,607,143,933.63 -2.17%
Owner's equity attributable to
shareholders of listed companies
Total number of shareholders in the reporting Total number of shareholders as of the last month
period before disclosure of the annual report
Shareholding of top ten shareholders
Number of
Number of
pledged
shares
Name Nature Proportion Total number shares or
with sale
shares
restriction
frozen
Domestic non-state-owned
Dalian Bingshan Group Co., Ltd. 20.27% 170,916,934 0 0
legal person
Sanyo Electric Co., Ltd. Overseas legal person 8.72% 73,503,150 0 0
Lin Zhenming Foreign natural person 0.80% 6,710,000 0 0
Wu Xiaodong Domestic natural person 0.53% 4,445,400 0 0
Xue Hong Domestic natural person 0.43% 3,660,000 0 0
Han Wentao Domestic natural person 0.38% 3,181,300 0 0
Chen Naisheng Domestic natural person 0.27% 2,311,330 0 0
Gao wenbin Domestic natural person 0.25% 2,071,600 0 0
Zhao Guoqing Domestic natural person 0.24% 2,050,600 0 0
Chao huang Investment Co., Ltd. Overseas legal person 0.24% 2,037,000 0 0
Dalian Bingshan Group Co., Ltd. had the association relationship
Notes to the associated relationship and uniform actions of the with Sanyo Electric Co., Ltd. among the above shareholders.
above shareholders Sanyo Electric Co., Ltd. holds 26.6% of Dalian Bingshan Group
Co., Ltd.'s equity.
At the end of the report period, the total number of shareholders of the Company was 61,890,
including 55,153 A-share shareholders and 6,737 B-share shareholders.
Variation in controlling shareholders in the report period
□ Applicable √ Not applicable
Variation in actual controllers in the report period
□ Applicable √ Not applicable
□ Applicable √ Not applicable
In the reporting period, the Company didn’t own preferred stock.
□ Applicable √ Not applicable
In the reporting period, the Company didn’t own Corporate Bonds.
§3 Important items
In the first half of 2026, the Company focused on the hot and cold business, deeply cultivated
segmented markets, and continuously strengthened its main business. In the first half of 2026,
the Company achieved an operating revenue of 2,179.67 million yuan, a decrease of 8.62%
year-on-year; The net profit attributable to the shareholders of the listed company was 47.14
million yuan, a decrease of 39.98% year-on-year, mainly due to the rising prices of raw
materials and intensified market competition.
During the reporting period, the Company's subsidiary, Bingshan Engineering, continued to
deepen its focus in niche markets. In the product sector, it actively served high-end clients,
securing contracts for several high-standard projects such as those for the Three Major Oil
Companies and Chengxin Chemical. In the engineering sector, it undertook key projects
including the Taizhou Jiaojiang Fish Town, Zhengzhou Dahan Huiji, Guangzhou Jiangnan
Fruit and Vegetable, and Shandong Linqing Agricultural Product projects. In the energy
sector, orders for energy storage thermal management and CCUS continued to be signed.
During the reporting period, the Company's subsidiary, Bingshan Guardian's Cold & Heat
System, achieved new milestones in intelligent energy-saving control. The next-generation
Model Predictive Control (MPC) algorithm was successfully implemented in Bingshan's cold
and heat equipment applications, progressing steadily. The development of MPC
energy-saving algorithms embedded in edge controllers has reached phased results. The
Hardware-in-the-Loop testing platform for energy storage temperature control systems was
pragmatically established, significantly enhancing development efficiency.
During the reporting period, the Company's subsidiary, Sonyo Compressor, achieved
independent innovation and high-quality growth. The series development of high-horsepower
scroll compressors progressed steadily, while DC inverter scroll compressors suitable for data
center temperature control systems were actively promoted. Focusing on the heat pump sector,
it continued to deepen its expansion in the European market. Through cost reduction and
efficiency improvement, it sought to mitigate the impact of rising bulk material prices. It was
recognized as one of the 100 National 5G Factory Model Application Practice Projects and
selected as a 2026 Liaoning Provincial Intelligent and Digital Transformation Benchmark
Enterprise.
During the reporting period, the subsidiary of the Company, Sonyo Refrigeration, focused on
industrial energy conservation and innovative green growth. Signed a contract for the
absorption type Class II heat pump project with the largest steam production capacity in a
single domestic project, achieving efficient coupling of waste heat recovery and steam
production. The specialized lithium bromide unit for offshore platforms has been successfully
developed. Awarded as a national level green factory.
During the reporting period, the subsidiary of the Company, Sonyo Refrigeration System,
made new progress in product development. The prototype development of the transcritical
CO2 air-cooled integrated unit has been completed, assisting in the expansion of overseas
markets. Optimization and upgrade of marine OCCS compression module and liquefaction
module. Launching a new generation of vanadium liquid flow energy storage temperature
control system, actively promoting the development of new customers.
Board of Directors of Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd.
August 13, 2026
