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 investors
are 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 the
cash dividend of 0.3 yuan (inclusive the tax) for every 10 shares .The Company will not transfer the
capital 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
Securities﹠Legal Affairs No.106,
Liaohe East Road, Dalian Securities﹠Legal AffairsNo.106, Liaohe East Road,
Contact address
Economic and Technological Dalian Economic and Technological Development Zone
Development Zone
Telephone 0411-87968130 0411-87968822
Fax 0411-87968125 0411-87968125
E-mail 000530@bingshan.com 000530@bingshan.com
§2 Company Profile
Brief introduction of main business or products during reporting period
Focusing on the hot and cold industry, the Company is committed to the development of
industrial refrigeration and heating business, commercial refrigeration business, air
conditioning and environment business, engineering and service business and new business
fields, covering the key areas of the hot and cold industry chain and creating a complete hot
1
and cold industry chain.
During the reporting period, the Company adhered to principles of innovation and accelerated
development. We have independently developed multiple outstanding products, including CO2
transcritical products, heat pump products, and energy storage thermal management products. The
Company's CO2 boosting liquefaction device was selected as an innovative product at the 2023
China Refrigeration Exhibition. The Company's falling film semi enclosed screw ice water unit has
been selected for the 2022 China Refrigeration Society Energy Conservation and Ecological
Environment Product and Technology Catalog. The key technology research and industrialization
of the Company's CO2 subcritical and transcritical cold and heat coupling system has won the first
prize of Dalian Science and Technology Progress Award. The Company has been listed as a "Green
Factory" in the 2023 Green Manufacturing List of the Ministry of Industry and Information
Technology.
During the reporting period, the subsidiary of the Company, Bingshan Engineering Company, and
Sonyo Refrigerator, collaborated efficiently and continued to deepen their market segmentation. In
the field of product business, actively serving high-end customers, and signing multiple projects
with industry giants such as BASF, Covestro, PetroChina, and Sinopec; Continue to lead the
polysilicon 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 Supply
and Marketing Cold Chain Logistics Project have successfully won the bid. In the field of energy
industry, CCUS projects and energy storage thermal management projects have been rapidly
promoted.
During the reporting period, the Company's subsidiary, Sonyo Compressor, achieved independent
innovation and qualitative growth. R290 DC variable frequency vortex compressor for heat pump
hot 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) Major
Technical Equipment". Awarded as a national level intelligent manufacturing excellent scene,
provincial-level intelligent factory, provincial-level green factory, and provincial-level quality
benchmark. Awarded the title of "Excellent Supplier" by Songz and Tongfei, with orderly expansion
of 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 conditioning
business and focus on the industrial energy-saving market, resulting in a significant year-on-year
increase in orders. The marine lithium bromide absorption refrigeration unit has been selected as
the "Guiding Catalogue for the Promotion and Application of the First (Set) Major Technical
Equipment in Liaoning Province". Independently developing Stirling flue gas generators to help
reduce the cost of gas heat pump air conditioning products.
During the reporting period, the Company's subsidiary, Wuhan New World Refrigeration continued
2
to optimize its products and solutions. Professional support for energy security, with a significant
increase in sales of underground cooling devices in mines. Optimize the development of oil-free
screw compressors and actively expand the gas compression market. The water vapor screw
compressor unit was selected as an innovative product at the 2023 China Refrigeration Exhibition
and the 2022 China Refrigeration Society Energy Conservation and Ecological Environment
Product 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 management
system for all vanadium flow battery control systems, and collaborate deeply with key customers
such as Rongke Power and Kaifeng Times Power. Building a 5G fully connected factory and rapidly
advancing digital transformation. Selected as a pilot demonstration enterprise for the integrated
application of "5G+Industrial Internet".
3
§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 to
change in the accounting policy and correction of accounting mistakes?
√Applicable □ Not applicable
Increase/decrease compared with
2023 2022 2021
previous year
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
49,375,900.83 18,731,969.48 163.59% 2,089,208,256.22
companies
Net profit belonging to the shareholders of listed
companies after the deduction of non-recurring 16,483,449.17 -272,983,508.15 106.04% -269,606,893.80
profit and loss
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%
Increase/decrease compared with
2023.12.31 2022.12.31 2021.12.31
previous year
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
3,047,513,577.75 3,006,120,427.03 1.38% 3,002,295,794.00
listed companies
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 13,312,360.06 32,145,810.46 1,479,838.85 -30,454,560.20
loss
Net cash flow from operating activities -158,425,157.75 31,630,960.77 -39,477,287.33 141,830,816.57
4
§4 Share Capital and Shareholders' Information
4.1 Statement of shares held by the top ten shareholders
Total number of shareholders in the Total number of shareholders as of the last month before
48,029 53,903
reporting period disclosure of the annual report
Shareholding of top ten shareholders
Number of Number of
Proporti shares with pledged
Name Nature Total number
on sale shares or
restriction shares frozen
Domestic non-state-owned
Dalian Bingshan Group Co., Ltd. 20.27% 170,916,934 0 0
legal person
Sanyo Electric Co., Ltd. Overseas legal person 8.72% 73,503,150 0 0
Everyone's Assets - Shengshi Selected No.2
Others 1.29% 10,847,212
Collective Asset Management Product (Phase 2)
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
Others 0.47% 4,000,017
Hybrid Securities Investment Fund
Xue Hong Domestic natural person 0.43% 3,640,000
Dalian Bingshan Group Co., Ltd. had the association relationship with Sanyo
Notes to the associated relationship and uniform
Electric Co., Ltd. among the above shareholders. Sanyo Electric Co., Ltd. holds
actions of the above shareholders
26.6% of Dalian Bingshan Group Co., Ltd.'s equity.
Explanation on the participation of the top 10
ordinary shareholders in margin trading and None
securities lending business
4.2 The total number of preferred shareholders and the shareholding of the top 10 preferred
shareholders of the company
□Applicable √Inapplicable
4.3 Particulars about controlling shareholders and actual controller of the Company
5
Government
Administration Commission ofDalian Municipality
Dalian State-owned Assets Management Co., Ltd.
Dalian Equipment Manufacture Investment
State-owned
Panasonic Corporation of China
Dalan Zhonghuida Refrigeration
Sanyo Electric Co., Ltd.
Dayang Co., Ltd.
Technology Co., Ltd.
Co., Ltd.
Assets
100% 100%
Supervision
and
24.97% 8.28% 13.3% 20.2% 26.6% 6.65%
Dalian Bingshan Group Co., Ltd.
20.27%
Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd.
§5 Information on Corporate bonds
□Applicable √Inapplicable
III． Important items
□Applicable √Inapplicable
Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd.
April 26, 2024
6
