Stock Code: 000530; 200530 Short Form of the Stock: Bingshan; Bingshan B; No: 2025-005
Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd.
2024 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 0.5 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 periodFocusing 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 hotand cold industry chain.
During the reporting period, the Company continued to strive and develop steadily. Optimizethe incentive policy for all employees, strengthen market and product planning, and simplifykey business processes. Give full play to the advantages of differentiation and strengthen theexploration of new fields. Guided by customer needs, accelerate the development of innovativeproducts. The Company's "Multi energy Complementary Series Technology and Equipment forAchieving Zero Carbon Goals in the Meat Industry" has passed the scientific and technologicalevaluation of the China Meat Association, and the overall project has reached the internationaladvanced level, with individual devices and technologies reaching the international leadinglevel. The Company's key technology research and industrialization of the falling film semiclosed screw chiller unit won the second prize of Liaoning Provincial Science and TechnologyProgress Award. The -95℃ ethylene ultra-low temperature cascade unit has been selected asan innovative product at the 2024 China Refrigeration Exhibition. Successfully passed theISO50001 energy management system certification.
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, it activelyserves high-end customers and have signed multiple high standard projects in areas such aspetroleum refining integration, fine chemicals, and new materials. In the field of engineering,several key projects including the Linshui County Cold Chain Logistics Park project, theBeijing debut project, the Guangzhou Yihai Kerry project, the Dazhuang Phase III project, andthe Baotou Vanke Ice and Snow Center have successfully won bids. The Shanghai LingangYaoxue Ice and Snow World Indoor Ice and Snow Venue project has been completed anddelivered. In the field of energy, the rapid promotion of energy storage thermal managementprojects and CCUS projects has led to a significant increase in orders.
During the reporting period, the subsidiary of the Company, Wuhan New World Refrigeration,continuously optimized its products and solutions. Based on market trends, focus onbreakthroughs in advantageous areas such as natural gas pressure energy generation, miningexplosion-proof refrigeration devices, water vapor compression, and process gas compression.Breaking through technological barriers, the 100000 cubic meter MRC natural gas liquefactionunit of the New Land Energy project has successfully operated. Professional assistance inenergy security has led to a significant increase in orders in the coal mining industry. Themining explosion-proof refrigeration device has been selected as an innovative product at the2024 China Refrigeration Exhibition.
During the reporting period, the subsidiary of the Company, Bingshan Guardian, focused onenergy-saving and intelligent control of cold and hot systems, and innovated and iterateddevelopment. The battery management system (BMS) of energy storage power stations is beingcommercialized on a large scale, and the energy storage inverter system (PCS) is activelyexpanding. It was selected as a pilot demonstration enterprise in the "5G+Industrial Internet"integrated application pilot area. The practice of digital workshop construction with the goal ofimproving efficiency has won the first prize of Dalian Enterprise Management InnovationAchievement.
During the reporting period, the subsidiary of the Company, Sonyo Compressor, achievedindependent innovation and qualitative growth. Actively expanding into the European andSouth American markets, with rapid growth in export revenue. Effectively responding to therise in raw material prices and steadily improving actual profitability. The development of R290environmentally friendly refrigerant models is fully underway, and specialized models forenergy storage and liquid cooling are being accelerated for promotion. The high-efficiencyscroll compressor with an evaporation temperature of -42℃ for ultra-low ambient temperatureair source heat pumps has been selected as an innovative product at the 2024 ChinaRefrigeration Exhibition. Received the title of "National Green Factory".
During the reporting period, the subsidiary of the Company, Sonyo Refrigeration, focused onindustrial energy conservation and amplified synergies. Establish an overseas business unit,quickly connect overseas channels, and vigorously promote the export of lithium bromideabsorption refrigeration units. Solidly expand new products and applications based on vacuumtechnology and waste heat recovery technology. The new product of gas electric hybrid airsource heat pump fills the gap in the domestic industry. The Stirling waste heat generator unithas been selected as an innovative product at the 2024 China Refrigeration Exhibition.
During the reporting period, the subsidiary of the Company, Sonyo Refrigerator, focused onproduct development and focused on new areas of dual carbon and energy storage. The ordersfor high-efficiency thermal management heat exchange units for energy storage batteries havesignificantly increased, and production capacity has rapidly improved. The carbon dioxidetranscritical refrigeration system is widely used in commercial applications, and the sixthgeneration transcritical full injection refrigeration unit has been successfully developed. Theworld's first set of marine carbon dioxide transcritical refrigeration equipment carbon capturesystem has been independently developed and applied in an orderly manner.
§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
| 2024 | 2023 | Increase/decrease compared with previous year | 2022 | |
| Operating revenue | 4,531,147,208.98 | 4,815,941,467.70 | -5.91% | 2,893,085,310.29 |
| Net profit attributable to shareholders of listed companies | 110,335,139.06 | 49,375,900.83 | 123.46% | 18,731,969.48 |
| Net profit belonging to the shareholders of listed companies after the deduction of non-recurring profit and loss | 34,268,377.84 | 16,483,449.17 | 107.90% | -272,983,508.15 |
| Net cash flow from operating activities | 237,154,274.44 | -24,440,667.74 | - | -56,247,299.36 |
| Basic earnings per share | 0.13 | 0.06 | 116.67% | 0.02 |
| Diluted earnings per share | 0.13 | 0.06 | 116.67% | 0.02 |
| Weighted average return on net asset yield | 3.57% | 1.63% | Increase 1.94 percentage points | 0.61% |
| 2024.12.31 | 2023.12.31 | Increase/decrease compared with previous year | 2022.12.31 | |
| Total assets | 7,628,315,487.35 | 8,162,848,294.25 | -6.55% | 7,601,935,329.60 |
| Owner's equity attributable to shareholders of listed companies | 3,132,102,966.64 | 3,047,513,577.75 | 2.78% | 3,006,120,427.03 |
3.2 The quarter main financial indicators (Unit: RMB Yuan)
| the first quarter | the second quarter | the third quarter | the fourth quarter | |
| Operating revenue | 1,160,307,673.73 | 1,302,969,675.97 | 1,251,298,834.59 | 816,571,024.69 |
| Net profit attributable to shareholders of listed companies | 29,260,174.46 | 49,269,803.46 | 16,044,687.93 | 15,760,473.21 |
| Net profit belonging to the shareholders of listed companies after the deduction of non-recurring profit and loss | 24,431,907.94 | 42,915,071.01 | 3,705,366.38 | -36,783,967.49 |
| Net cash flow from operating activities | -158,187,622.10 | 125,601,637.35 | -12,700,245.43 | 282,440,504.62 |
§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 | 71,366 | Total number of shareholders as of the last month before disclosure of the annual report | 68,984 | ||||||
| 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 | ||||
| Xu Yayun | Domestic natural person | 1.89% | 15,909,891 | ||||||
| Xu Hongliang | Domestic natural person | 0.92% | 7,776,761 | ||||||
| Lin Zhenming | Domestic natural person | 0.80% | 6,710,000 | ||||||
| Cao Yifan | Domestic natural person | 0.76% | 6,410,000 | ||||||
| Xue Hong | Domestic natural person | 0.43% | 3,660,000 | ||||||
| Li Xiaohua | Domestic natural person | 0.38% | 3,220,408 | ||||||
| Shi Jiangen | Domestic natural person | 0.38% | 3,219,690 | ||||||
| Chen Yong | Domestic natural person | 0.32% | 2,700,000 | ||||||
| otes 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 24, 2025
| 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.