Stock Code: 000530; 200530 Short Form of the Stock: Bingshan; Bingshan B; No: 2024-007
Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd.
2023 Annual Report Summary
I． Important Notes
This summary is extracted from the original of the annual report. For more information, the investorsare recommended to refer to the original.
Note to the “Non-standardized Opinion”
□Applicable √Inapplicable
The profit distribution proposal
√Applicable □Inapplicable
Transfer the capital reserve to increase capital stock
□Applicable √Inapplicable
The profit distribution proposal reviewed and adopted at this Board meeting of the Company is:
based on the total share capital of the Company of 843,212,507 shares, pay to all shareholders thecash dividend of 0.3 yuan (inclusive the tax) for every 10 shares .The Company will not transfer thecapital reserve to increase capital stock.II. Company Profile§1 Company Profile
| Short form of the stock | Bingshan; Bingshan B | |
| Stock code | 000530; 200530 | |
| Listed stock exchange | Shenzhen Stock Exchange | |
| Contact persons | Secretary of the Board of Directors | Authorized representative in charge of securities affairs |
| Name | Song Wenbao | Du Yu |
| Contact address | Securities﹠Legal Affairs No.106, Liaohe East Road, Dalian Economic and Technological Development Zone | Securities﹠Legal AffairsNo.106, Liaohe East Road, Dalian Economic and Technological Development Zone |
| Telephone | 0411-87968130 | 0411-87968822 |
| Fax | 0411-87968125 | 0411-87968125 |
| 000530@bingshan.com | 000530@bingshan.com | |
§2 Company ProfileBrief introduction of main business or products during reporting period
Focusing on the hot and cold industry, the Company is committed to the development ofindustrial refrigeration and heating business, commercial refrigeration business, airconditioning and environment business, engineering and service business and new businessfields, covering the key areas of the hot and cold industry chain and creating a complete hot
and cold industry chain.
During the reporting period, the Company adhered to principles of innovation and accelerateddevelopment. We have independently developed multiple outstanding products, including CO2transcritical products, heat pump products, and energy storage thermal management products. TheCompany's CO2 boosting liquefaction device was selected as an innovative product at the 2023China Refrigeration Exhibition. The Company's falling film semi enclosed screw ice water unit hasbeen selected for the 2022 China Refrigeration Society Energy Conservation and EcologicalEnvironment Product and Technology Catalog. The key technology research and industrializationof the Company's CO2 subcritical and transcritical cold and heat coupling system has won the firstprize of Dalian Science and Technology Progress Award. The Company has been listed as a "GreenFactory" in the 2023 Green Manufacturing List of the Ministry of Industry and InformationTechnology.
During the reporting period, the subsidiary of the Company, Bingshan Engineering Company, andSonyo Refrigerator, collaborated efficiently and continued to deepen their market segmentation. Inthe field of product business, actively serving high-end customers, and signing multiple projectswith industry giants such as BASF, Covestro, PetroChina, and Sinopec; Continue to lead thepolysilicon market and vigorously expand the lithium chemical market. In the field of engineering,multiple key projects including the expansion project of Red Star Cold Chain Direct Supply Center,Fengchu Langfang Central Kitchen Project, Shanxi Wuzhai Quick Frozen Corn Project, and Supplyand Marketing Cold Chain Logistics Project have successfully won the bid. In the field of energyindustry, CCUS projects and energy storage thermal management projects have been rapidlypromoted.
During the reporting period, the Company's subsidiary, Sonyo Compressor, achieved independentinnovation and qualitative growth. R290 DC variable frequency vortex compressor for heat pumphot water has been selected as an innovative product at the 2023 China Refrigeration Exhibition.The high-power vortex compressor used in air source heat pump units has been selected as the"Guiding Catalogue for the Promotion and Application of Liaoning Province's First (Set) MajorTechnical Equipment". Awarded as a national level intelligent manufacturing excellent scene,provincial-level intelligent factory, provincial-level green factory, and provincial-level qualitybenchmark. Awarded the title of "Excellent Supplier" by Songz and Tongfei, with orderly expansionof energy storage facilities.
During the reporting period, the Company's newly added subsidiary, Sonyo Refrigeration,implemented business adjustments to pursue synergies. Peel off the multi unit air conditioningbusiness and focus on the industrial energy-saving market, resulting in a significant year-on-yearincrease in orders. The marine lithium bromide absorption refrigeration unit has been selected asthe "Guiding Catalogue for the Promotion and Application of the First (Set) Major TechnicalEquipment in Liaoning Province". Independently developing Stirling flue gas generators to helpreduce the cost of gas heat pump air conditioning products.
During the reporting period, the Company's subsidiary, Wuhan New World Refrigeration continued
to optimize its products and solutions. Professional support for energy security, with a significantincrease in sales of underground cooling devices in mines. Optimize the development of oil-freescrew compressors and actively expand the gas compression market. The water vapor screwcompressor unit was selected as an innovative product at the 2023 China Refrigeration Exhibitionand the 2022 China Refrigeration Society Energy Conservation and Ecological EnvironmentProduct and Technology Catalog.
During the reporting period, the subsidiary of the Company, Bingshan Guardian, focused on energy-saving control and innovative development of cold and hot systems. Develop a battery managementsystem for all vanadium flow battery control systems, and collaborate deeply with key customerssuch as Rongke Power and Kaifeng Times Power. Building a 5G fully connected factory and rapidlyadvancing digital transformation. Selected as a pilot demonstration enterprise for the integratedapplication of "5G+Industrial Internet".
§3 Summary of Accounting Data and Financial Indexes
3.1 Main accounting data (Unit: RMB Yuan)
Did the Company retroactively adjust or restate the accounting data of previous years due tochange in the accounting policy and correction of accounting mistakes?
√Applicable □ Not applicable
| 2023 | 2022 | Increase/decrease compared with previous year | 2021 | |
| Operating revenue | 4,815,941,467.70 | 2,893,085,310.29 | 66.46% | 2,089,208,256.22 |
| Net profit attributable to shareholders of listed companies | 49,375,900.83 | 18,731,969.48 | 163.59% | 2,089,208,256.22 |
| Net profit belonging to the shareholders of listed companies after the deduction of non-recurring profit and loss | 16,483,449.17 | -272,983,508.15 | 106.04% | -269,606,893.80 |
| Net cash flow from operating activities | -24,440,667.74 | -56,247,299.36 | 56.55% | 1,518,218.37 |
| Basic earnings per share | 0.06 | 0.02 | 200.00% | -0.32 |
| Diluted earnings per share | 0.06 | 0.02 | 200.00% | -0.32 |
| Weighted average return on net asset yield | 1.63% | 0.61% | Inecrease 1.02 percentage points | -8.31% |
| 2023.12.31 | 2022.12.31 | Increase/decrease compared with previous year | 2021.12.31 | |
| Total assets | 8,162,848,294.25 | 7,601,935,329.60 | 7.38% | 5,735,570,604.67 |
| Owner's equity attributable to shareholders of listed companies | 3,047,513,577.75 | 3,006,120,427.03 | 1.38% | 3,002,295,794.00 |
3.2 The quarter main financial indicators (Unit: RMB Yuan)
| the first quarter | the second quarter | the third quarter | the fourth quarter | |
| Operating revenue | 1,072,560,425.76 | 1,254,976,287.29 | 1,274,571,520.64 | 1,213,833,234.01 |
| Net profit attributable to shareholders of listed companies | 25,392,393.54 | 32,022,005.68 | 14,469,128.62 | -22,507,627.01 |
| Net profit belonging to the shareholders of listed companies after the deduction of non-recurring profit and loss | 13,312,360.06 | 32,145,810.46 | 1,479,838.85 | -30,454,560.20 |
| Net cash flow from operating activities | -158,425,157.75 | 31,630,960.77 | -39,477,287.33 | 141,830,816.57 |
§4 Share Capital and Shareholders' Information
4.1 Statement of shares held by the top ten shareholders
| Total number of shareholders in the reporting period | 48,029 | Total number of shareholders as of the last month before disclosure of the annual report | 53,903 | |||||
| Shareholding of top ten shareholders | ||||||||
| Name | Nature | Proportion | Total number | Number of shares with sale restriction | Number of pledged shares or shares frozen | |||
| Dalian Bingshan Group Co., Ltd. | Domestic non-state-owned legal person | 20.27% | 170,916,934 | 0 | 0 | |||
| Sanyo Electric Co., Ltd. | Overseas legal person | 8.72% | 73,503,150 | 0 | 0 | |||
| Everyone's Assets - Shengshi Selected No.2 Collective Asset Management Product (Phase 2) | Others | 1.29% | 10,847,212 | |||||
| Chen Xianlai | Domestic natural person | 0.87% | 7,326,500 | |||||
| Lin Zhenming | Foreign natural person | 0.80% | 6,730,000 | |||||
| Cao Yifan | Domestic natural person | 0.54% | 4,529,700 | |||||
| J. P. Morgan Securities PLC－own funds | Overseas legal person | 0.52% | 4,361,703 | |||||
| Zhang Sufen | Domestic natural person | 0.48% | 4,020,000 | |||||
| Dongfanghong JD Big Data Flexible Allocation Hybrid Securities Investment Fund | Others | 0.47% | 4,000,017 | |||||
| Xue Hong | Domestic natural person | 0.43% | 3,640,000 | |||||
| Notes to the associated relationship and uniform actions of the above shareholders | Dalian Bingshan Group Co., Ltd. had the association relationship with Sanyo Electric Co., Ltd. among the above shareholders. Sanyo Electric Co., Ltd. holds 26.6% of Dalian Bingshan Group Co., Ltd.'s equity. | |||||||
| Explanation on the participation of the top 10 ordinary shareholders in margin trading and securities lending business | None | |||||||
4.2 The total number of preferred shareholders and the shareholding of the top 10 preferredshareholders of the company
□Applicable √Inapplicable
4.3 Particulars about controlling shareholders and actual controller of the Company
100% 100%
24.97% 8.28% 13.3% 20.2% 26.6% 6.65%
20.27%
§5 Information on Corporate bonds
□Applicable √Inapplicable
III． Important items
□Applicable √Inapplicable
Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd.
April 26, 2024
| State-owned Assets Supervision and Administration Commission ofDalian Municipality Government | Dalian Equipment Manufacture Investment Co., Ltd. | Dalian State-owned Assets Management Co., Ltd. | Dayang Co., Ltd. | Dalan Zhonghuida Refrigeration Technology Co., Ltd. | Sanyo Electric Co., Ltd. | Panasonic Corporation of China |
Dalian Bingshan Group Co., Ltd.
Dalian Bingshan Group Co., Ltd.Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd.