冰山B:2024年年度报告(英文版)

Bingshan Refrigeration & Heat Transfer
Technologies Co., Ltd.
2024Annual Report
April, 2025

Section 1 Important Notice, Table of Contents, and Definitions
The directors and the Board of Directors, the supervisors and the Supervisory
Board, and Senior staff members of Bingshan Refrigeration & Heat Transfer
Technologies Co., Ltd. (hereinafter referred to as the Company) hereby confirm
that there are not any important omissions, fictitious statements or serious
misleading carried in this report, and shall take all responsibilities, individual
and/or joint, for the reality, accuracy and completeness of the whole contents.
Chairman of the Board of Directors of the Company Mr. Ji Zhijian, Financial
Majordomo Mrs. Wang Jinxiu and the head of Accounting Department Mrs. Wu
Bin hereby confirm that the financial report of the annual report is true and
complete.
All the directors have attended this Board meeting of the Company.
There is no significant risk having adverse influence on attainment of the
Company's future development strategy and business targets. The paragraph "
The prospect of the Company's future development " in Section 3 of this Annual
Report describes major risks the Company may be confronted with, including
the risk of Increasing market competition risk, and the Accounts receivable is on
the high side. See the related sections for the countermeasures to be taken by the
Company.
The profit distribution proposal reviewed and adopted at this Board meeting of
the Company is: Based on the total capital stock of 843,212,507 shares, the
dividend of RMB 0.5 in cash (including tax) will be distributed for every 10
shares; The Company will not transfer the capital reserve to increase capital
stock.
This report is written respectively in Chinese and in English. In the event of any
discrepancy between the two above-mentioned versions, the Chinese version
shall prevail.

CONTENTS
Section 1 Important Notice, Table of Contents, and

Definitions............…………...2
Section 2About the Company and Main Financial Indicators...... 6
Section 3 Management discussion and analysis ...... 9
Section 4 Corporate governance...... 20
Section 5 Environmental and social responsibility...... 29
Section6Importantitems.......……30
Section 7 Change in Share Capital and Shareholders' Information...... ...……......33
Section 8 Information on Preferred Stock ...... 36
Section 9 Information on Corporate bonds...... 37
Section 10 Financial Report...... 38
Reference Documents
The accounting statements bearing the signatures and seals of the legal representative, the financial majordomo
and the accountants in charge.
2. The original copies of all the Company's documents and the original copies of the bulletins published on the
newspapers designated by the China Securities Regulatory Commission in the report period.
3. Time for reference: from Monday to Friday 8:00 - 11:30 (am) 1:00 - 4:30 (pm)
Liaison persons: Mr. Song Wenbao, Ms Du Yu
Tel: 0086-411-87968130
Fax: 0086-411-87968125

Definitions
Defined item Stands for Meaning
Reporting period Stands for From Jan. 1, 2024 to Dec. 31 2024
The Company, this Company Stands for Bingshan Refrigeration & Heat Transfer Technologies Co.,Ltd.
Bingshan Engineering Stands for Dalian Bingshan Group Engineering Co., Ltd., one of the subsidiaries of the Company where
the Company holds 100% of its shares.
Sonyo Compressor Stands for Sonyo Compressor (Dalian) Co., Ltd., one of the subsidiaries of the Company, where the
Company holds100% of its shares.
Sonyo Refrigeration Stands for Sonyo Refrigeration (Dalian) Co., Ltd., one of the subsidiary of the Company, where the
Company holds 100% of its shares indirectly.
Wuxin Refrigeration Stands for Wuhan New World Refrigeration Industry Co., Ltd., one of the subsidiaries of the Company
where the Company holds 100% of its shares.
Bingshan Guardian Stands for Dalian Bingshan Guardian Automation Co., Ltd. one of the subsidiaries of the Company
where the Company holds 100% of its shares.
Sonyo Refrigerator Stands for Sonyo Refrigeration System (Dalian) Co., Ltd., one of the subsidiary of the Company,
where the Company holds 100% of its shares indirectly.

Section 2About the Company and Main Financial Indicators
Company information
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
Legal name abbreviation in Chinese 冰山冷热
Legal English name