冰山B：2025年第三季度报告

The directors and the Board of Directors of Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd.hereby confirm that there are no any important omissions, fictitious statements or serious misleading carried inthis report. Important Notes 1.The Directors and the Board of Directors, and Senior staff members of Bingshan Refrigeration & Heat TransferTechnologies Co., Ltd. (hereinafter referred to as the Company) hereby confirm that there are no any importantomissions, 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.2.Chairman of the Board of Directors of the Company Mr. Ji Zhijian, Financial Majordomo Mrs. Wang Jinxiuand the head of Accounting Department Mrs. Wubin hereby confirm that the financial report of the quarterlyreport is true and complete.3.The Company’s quarterly financial report has not been audited. §1 Major accounting data and changes of shareholders1.1 Major accounting data and financial indexes Is there any traceable adjustment to the financial statements for the previous report period?□Yes√No 1.3 Major changes in main financial items and indexes, and description of the cause√Applicable□Inapplicable (1). Advance payments increased by 54.78% compared to the beginning of the year, mainly due to the increase in ongoing projects and the rise in equipment and material preparation costs.(2). Other current assets decreased by 47.43% compared with the beginning of the year, mainly due to the reduction in the input tax amount of value-added tax to be deducted.(3). The construction in progress decreased by 60.42% compared to the beginning of the year, mainly due to the production lines reaching the predetermined usable state and the properties obtaining property ownership certificates.(4). Employee compensation payable has decreased by 27.86% compared to the beginning of the year, mainly due to the fact that the employee compensation (year-end bonuses, etc.) accrued at the end of the previous period hasbeen paid in the current period.(5). Financial expenses decreased by 6.43 million yuan year-on-year, mainly due to the reduction in borrowing in the current period and the decline in borrowing interest rates, resulting in a corresponding decrease in interestexpenses.(6). Other income decreased by 8.01 million yuan year-on-year, mainly due to the reduction in input tax and the additional deduction for value-added tax in the current period.(7). Asset disposal gains decreased by 9.19 million yuan year-on-year, mainly due to the sale of machinery and equipment as well as inspection tools and molds by the subsidiary Songyang Compressor in the same period lastyear.(8). Non-operating expenses decreased by 5.26 million yuan year-on-year, mainly due to the scrapping of fixed assets of the subsidiary Songyang Compressor in the same period last year.2. Shareholders' information.(9).The net cash flow from operating activities increased by 30.07 million yuan year-on-year. This was mainly due to the strengthened recovery of payment for goods and the change of payment methods, including the increase inbills, supply chain payments, etc.(10). The net cash flow generated from investment activities decreased by 245.69 million yuan year-on-year, mainly due to the purchase of fixed assets such as factory buildings and equipment in the current period, as well as the saleof machinery and equipment and inspection tools and molds by the subsidiary Songyang Compressor in the sameperiod last year.(11). The net cash flow from financing activities decreased by 43.17 million yuan year-on-year, mainly due to the reduction in working capital borrowings. At the end of the report period, the total number of shareholders of the Company was 60,824, including 53,864A-share shareholders and 6,960 B-share shareholders. 2.2 Information on the total number of preferred shareholders and the shares held by top ten preferredshareholders as of the end of the reporting period□Yes√No §3 Other important Matters□ §4 Financial Statements Board of Directors of Bingshan Refrigeration & Heat Transfer Technologies Co.,Ltd.October 23, 2025