Company Profile - Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd. is listed on the Shenzhen Stock Exchange under stock codes 000530 and 200530 [2] - The company focuses on the hot and cold business, aiming to improve core competitiveness and expand industry influence [4] Financial Performance - In the first half of 2025, the company reported operating revenue of RMB 2,401.23 million, a decrease of 2.52% year-on-year [4] - The net profit attributable to shareholders was RMB 79.54 million, an increase of 1.29% year-on-year [4] - Net profit belonging to shareholders after deducting non-recurring profit and loss was RMB 74.16 million, reflecting a 10.12% increase [4] - The net cash flow from operating activities was -RMB 1.03 million, a significant improvement of 96.83% compared to the previous year [4] - Total assets decreased by 2.29% to RMB 7,453.53 million [4] Shareholder Information - The total number of shareholders at the end of the reporting period was 67,572, including 60,416 A-share shareholders and 7,156 B-share shareholders [3] - Dalian Bingshan Group Co., Ltd. holds 20.27% of the shares, while Sanyo Electric Co., Ltd. holds 8.72% [2] Business Developments - The company has successfully tested and is mass-producing a falling film opening screw chiller unit [5] - The second phase of the photovoltaic project at the new factory has been connected to the grid, contributing to the goal of a zero carbon factory [5] - The company has received recognition for innovative products at the 2025 China Refrigeration Exhibition [5] Subsidiary Performance - Bingshan Engineering Company has won bids for high-standard projects, including those for CNOOC Shell and PetroChina [6] - Wuhan New World Refrigeration is developing oil-free compressors and optimizing product solutions [7] - Sonyo Compressor has completed a large-scale vortex intelligent workshop and is focusing on overseas market development [8] - Sonyo Refrigeration has won key projects and is focusing on industrial energy conservation [9]