Stock Code: 000530; 200530 Short Form of the Stock: Bingshan; Bingshan B No: 2026-025

Bingshan Refrigeration & Heat Transfer Technologies Co. Ltd.2026 Semiannual Report Summary

§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

2.1 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

2.2 Summary of Accounting Data and Financial Indexes

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

2025.1-6 Increase/decrease compared

2026.1-6 with previous 2025.1-6

Before adjustment After adjustment After adjustment

Operating revenue 2179670345.56 2380320781.91 2385274786.05 -8.62%

Net profit attributable to shareholders of

47142616.0778290437.7878543776.29-39.98%

listed companies

Net profit belonging to the shareholders

of listed companies after the deduction of 30733552.15 72911982.78 72911982.78 -57.85%

non-recurring profit and loss

Net cash flow from operating activities -97657176.10 -1032514.46 -968304.83 -

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

1.49% 2.49% 2.50% Decrease 1.01 percentage points

yield

2025.12.31 Increase/decrease compared

2026.6.30 with previous year

Before adjustment After adjustment After adjustment

1Total assets 7441700389.64 7596536378.75 7607143933.63 -2.17%

Owner's equity attributable to

3159322787.793153969751.793154703294.560.15%

shareholders of listed companies

2.3 Statement of shares held by the top ten common shareholders

Total number of shareholders in the reporting 61890 Total number of shareholders as of the last monthperiod before disclosure of the annual report 0

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% 170916934 0 0

legal person

Sanyo Electric Co. Ltd. Overseas legal person 8.72% 73503150 0 0

Lin Zhenming Foreign natural person 0.80% 6710000 0 0

Wu Xiaodong Domestic natural person 0.53% 4445400 0 0

Xue Hong Domestic natural person 0.43% 3660000 0 0

Han Wentao Domestic natural person 0.38% 3181300 0 0

Chen Naisheng Domestic natural person 0.27% 2311330 0 0

Gao wenbin Domestic natural person 0.25% 2071600 0 0

Zhao Guoqing Domestic natural person 0.24% 2050600 0 0

Chao huang Investment Co. Ltd. Overseas legal person 0.24% 2037000 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 61890

including 55153 A-share shareholders and 6737 B-share shareholders.

2.4 Variation in controlling shareholders or actual controllers

Variation in controlling shareholders in the report period

□ Applicable √ Not applicable

Variation in actual controllers in the report period

□ Applicable √ Not applicable

2.5 Information on Preferred Stock

□Applicable √ Not applicable

In the reporting period the Company didn’t own preferred stock.

2.6 Corporate Bonds

□ 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

2the Company achieved an operating revenue of 2179.67 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.

3August 13 2026

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