Stock Code: 000530; 200530 Short Form of the Stock: Bingshan; Bingshan B; No: 2025-024

Bingshan Refrigeration & Heat Transfer Technologies Co. Ltd.2025 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 due to

change in the accounting policy and correction of accounting mistakes

□ Yes √ No

Unit: RMB Yuan

Increase/decrease compared with

2025.1-62024.1-6

the same period of last year

Operating revenue 2401232729.35 2463277349.70 -2.52%

Net profit attributable to shareholders of listed companies 79541057.88 78529977.92 1.29%

Net profit belonging to the shareholders of listed companies 74162602.88 67346978.95 10.12%

after the deduction of non-recurring profit and loss

Net cash flow from operating activities -1032514.46 -32585984.75 96.83%

Basic earnings per share 0.09 0.09 0.00%

Diluted earnings per share 0.09 0.09 0.00%

Weighted average return on net asset yield 2.52% 2.55% Decrease 0.03 percentage points

Increase/decrease compared with

2025.6.302024.12.31

2024.12.31

Total assets 7453532411.01 7628315487.35 -2.29%

Owner's equity attributable to shareholders of listed

3171015304.523132102966.641.24%

companies

12.3 Statement of shares held by the top ten common shareholders

Total number of shareholders in the reporting Total number of shareholders as of the last month

675720

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% 170916934.00 0 0

legal person

Sanyo Electric Co. Ltd. Overseas legal person 8.72% 73503150.00 0 0

Zou Changling Domestic natural person 0.81% 6830000.00 0 0

Lin Zhenming Foreign natural person 0.80% 6710000.00 0 0

Xue Hong Domestic natural person 0.43% 3660000.00 0 0

Chen Niansheng Domestic natural person 0.39% 3249000.00 0 0

Shen Kemin Domestic natural person 0.37% 3115800.00 0 0

Zhang Lianyun Domestic natural person 0.28% 2331500.00 0 0

Chen Naisheng Domestic natural person 0.27% 2311330.00 0 0

Jiang Wenliang Domestic natural person 0.25% 2080000.00 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. Sanyo

above shareholders 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 67572

including 60416A-share shareholders and 7156 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 2025 the Company focused on the hot and cold business deeply cultivated

segmented markets solidly improved core competitiveness effectively expanded industry

influence and continuously strengthened its main business. In the first half of 2025 the

Company achieved an operating revenue of 2401.23 million yuan an decrease of 2.52% year-

on-year; The net profit attributable to the shareholders of the listed company was 79.54 million

yuan an increase of 1.29% year-on-year.

2During the reporting period the Company continued to strive and develop steadily. The falling

film opening screw chiller unit has been tested in practical applications and is now being mass-

produced for the market. The second phase of the photovoltaic project on the roof of the new

factory area has been officially connected to the grid for power generation taking a crucial step

towards the construction of a zero carbon factory. The carbon dioxide transcritical cold and

heat integrated coupling unit was selected as an "innovative product" at the 2025 China

Refrigeration Exhibition and the OCCS liquefaction unit won the "gold medal product" at the

2025 China Refrigeration Exhibition. The -95 ℃ low-temperature ethylene cascade unit has

been selected for the "2024 China Refrigeration Society Energy Conservation Carbon

Reduction and Environmental Protection Product Catalog".During the reporting period the subsidiary of the Company Bingshan Engineering Company

continued to deeply cultivate the segmented market. In the field of product business actively

serving high-end customers winning bids for multiple high standard projects such as CNOOC

Shell project PetroChina Jilin Petrochemical project and Sinopec Maoming Petrochemical

project. In the field of engineering we have undertaken multiple key projects including the

first phase of the Guangzhou East Rail Intermodal Hub project the comprehensive cold chain

logistics project of Shenzhen State Railway the BYD Intelligent New Energy Vehicle

Comprehensive Testing Field project and the Shunde Prefabricated Vegetable project. In the

field of energy there has been a significant increase in orders for energy storage thermal

management projects and CCUS projects.During the reporting period the subsidiary of the Company Wuhan New World Refrigeration

continuously optimized its products and solutions. The development of oil-free compressors is

progressing in an orderly manner and integrated compressor projects are efficiently

coordinated. Focusing on the advantages of natural gas pressure energy generation mining

explosion-proof refrigeration equipment steam compression process gas compression and

other segmented markets we will solidly explore with the help of professional groups.During the reporting period the subsidiary of the Company Bingshan Jiade focused on energy-

saving and intelligent control of cold and hot systems and innovated and iterated development.The large-scale implementation of energy storage products and the two-way breakthrough of

industrial energy-saving technology standardization continue to strengthen the leading

advantage. Energy storage customers are expanding in an orderly manner and energy storage

orders are growing rapidly. The standardized energy-saving solution of "permanent magnet

motor+universal frequency conversion+MPC algorithm" has been launched and the customer

application has started strongly.During the reporting period the subsidiary of the Company Sonyo Compressor achieved

independent innovation and qualitative growth. After 218 days of hard work the large-scale

vortex intelligent workshop has been officially completed and launched. Actively innovate and

upgrade to assist in the cooling transformation of data centers. Accelerate the development of

overseas markets with the help of China Customs AEO advanced certification. The 160cc high-

efficiency variable frequency scroll compressor for energy storage has been selected as an

3"innovative product" at the 2025 China Refrigeration Exhibition.

During the reporting period the subsidiary of the Company Sonyo Refrigeration focused on

industrial energy conservation and strengthened innovative growth. Winning multiple key

projects including CNOOC Shell Huizhou Phase III Ethylene Project and MCC Jiaonai 2025

Lithium Bromide Unit Centralized Procurement. The intelligent hybrid air source heat pump

unit has been selected as an "innovative product" at the 2025 China Refrigeration Exhibition.The marine lithium bromide absorption chiller/heater unit has been selected for the "2024 China

Refrigeration Society Energy Conservation Carbon Reduction and Environmental Protection

Product Catalog".During the reporting period the subsidiary of the Company Sonyo Refrigerator focused on

product development and focused on the dual carbon and energy storage fields. The latest

research and development of fluorine pump compressor composite integrated energy storage

units as well as orders for high-efficiency heat management heat exchange units for energy

storage batteries continue to grow. The carbon dioxide transcritical refrigeration system is

widely used in commercial applications and multiple projects of the sixth generation

transcritical full injection refrigeration unit have been successfully delivered.Board of Directors of Bingshan Refrigeration & Heat Transfer Technologies Co. Ltd.August 14 2025

4