冰山B：2024年年度报告

2024Annual Report April, 2025 Section 1Important Notice, Table of Contents, and Definitions The directors and the Board of Directors, the supervisors and the SupervisoryBoard, andSenior staff members of BingshanRefrigeration&HeatTransferTechnologiesCo.,Ltd.(hereinafter referred to as the Company) hereby confirmthat there are not any important omissions, fictitious statements or seriousmisleading carried in this report, and shall take all responsibilities, individualand/or joint, for the reality, accuracy and completeness of the whole contents. Chairman of the Board of Directors of the Company Mr.Ji Zhijian, FinancialMajordomo Mrs. Wang Jinxiu and the head of Accounting Department Mrs.WuBinhereby confirm that the financial report of the annual report is true andcomplete. All the directors have attended this Board meeting of the Company. There is no significant risk having adverse influence on attainment oftheCompany's future development strategy and business targets.The paragraph "The prospect of the Company's future development " in Section 3 of this AnnualReport describes major risks the Company may be confronted with, includingthe risk of Increasing market competition risk, and the Accounts receivable is onthe high side.See the related sections for the countermeasures to be taken by theCompany. The profit distribution proposal reviewed and adopted at this Board meeting ofthe Company is:Based on the total capital stock of843,212,507 shares, thedividend ofRMB0.5in cash (including tax)will bedistributedfor every 10shares; TheCompany willnottransferthecapital reserve to increase capitalstock. This report is written respectively in Chinese and in English. In the event of anydiscrepancy between the two above-mentioned versions, the Chinese versionshall prevail. CONTENTS Section 1 Important Notice, Table of Contents, andDefinitions……………………………………………………………...................................................…………...2Section 2 About the Company and Main Financial Indicators..................................................................................6Section 3 Management discussion and analysis........................................................................................................9Section 4 Corporate governance..............................................................................................................................20Section 5 Environmental and social responsibility..................................................................................................29Section6Importantitems……………………………………………………………………………………….……30Section 7 Change in Share Capital and Shareholders' Information…………………………………… ...……......33Section 8 Informationon Preferred Stock...............................................................................................................36Section 9 Information on Corporate bonds..............................................................................................................37Section 10 Financial Report.....................................................................................................................................38 Reference Documents The accounting statements bearing the signatures and seals of the legal representative, the financial majordomoand the accountants in charge. 2.The original copies of all the Company's documents and the original copies of the bulletins published on thenewspapers 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 Section 2 About the Company and Main Financial Indicators Company information II.Contactpersons and information III. Information disclosure and place of preparation for inquiry V. Other related information Accounting firm engaged by the CompanyName of accounting firmShineWing CPAs (Special General Partnership) Sponsor the Company appointed for performance of the consistent supervision duty in the reporting period□ Applicable √ Not applicableFinancial consultant the Company appointed for performance of the consistent supervision duty in the reportingperiod□ Applicable √ Not applicable VI.Main accounting data and financial indicatorsDid 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 The lower of the Company’s net profit before and after deduction of non-recurring gains and losses in the mostrecent three fiscal years are all negative, and the audit report in the last year shows that the Company's ability tocontinue operations is uncertain□ Applicable√ Not applicable The lower of the net profit before and after non-recurring gains and losses is negative□ Applicable √ Not applicable VII.1.Difference of accounting data between as