冰山B2025年半年度报告（英文版）

Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd. 2025 Semiannual Report1Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd.2025 Semiannual ReportAugust, 2025Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd. 2025 Semiannual Report2Section 1 Important Notice, Table of Contents, and DefinitionsThe directors and the Board of Directors, the supervisors and the Supervisory Board, and Senior staff members of Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd.(hereinafter referred to as the Company) hereby confirm that there are not any important omissions, 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.All directors have attended this Board meeting of the Company. There is no significant risk having adverse influence on attainment of the Company's future development strategy and business targets. The paragraph " Management discussion and analysis" in Section 3 of this Semiannual Report describes major risks , including the risk of increasing market competition risk and the accounts receivable is on the high side. See the related sections for the countermeasures to be taken by the Company.The Company plans to distribute no cash dividends, no bonus shares and convert no reserve fund into capital stock. Chairman of the Board of Directors of the Company Mr. Ji Zhijian, Financial Majordomo Mrs. Wang Jinxiu, and the head of Accounting Department Mrs. Wu Bin hereby confirm that the financial report of the semi-annual report is true and complete.This report is written respectively in Chinese and in English. In the event of any discrepancy between the two above-mentioned versions, the Chinese version shall prevail.Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd. 2025 Semiannual Report3CONTENTSSection 1 Important Notice, Table of Contents, and Definitions......................................................2Section 2 About the Company and Main Financia Indicators .............................................................6Section 3 Management Discussion and Analysis.................................................................................8Section 4 Corporate Governance........................................................................................................16Section 5 Important items...................................................................................................................17Section 6 Change in Share Capital and Shareholders' Information ...................................................19Section 7 Bond Related Information .................................................................................................21Section 8 Financial Report .................................................................................................................22Bingshan Refrigeration & Heat Transfer Technologies Co