冰山B:2025年第一季度报告(英文)

Bingshan Refrigeration & Heat Transfer
Technologies Co., Ltd.
QUARTERLY REPORT FOR FIRST QUARTER,
2025
April, 2025

Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd.
QUARTERLY REPORT FOR FIRST QUARTER, 2025
Important Notes
1.1 The 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 no 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.
1.2 Chairman of the Board of Directors of the Company, Financial Majordomo, and the head of Accounting
Department hereby confirm that the financial report of the quarterly report is true and complete.
1.3 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.
§1 Major accounting data
1.1 Major accounting data and financial indexes
January-March, 2025 January-March, 2024 Increase/decrease compared
with previous year
Operating revenue 1,163,373,691.60 1,160,307,673.73 0.26%
Net profit attributable to shareholders of listed 30,109,739.02 29,260,174.46 2.90%
companies
Net profit belonging to the shareholders of
listed companies after the deduction of non- 30,684,868.37 24,431,907.94 25.59%
recurring profit and loss
Net cash flow from operating activities -187,028,757.61 -158,187,622.10 -18.23%
Basic earnings per share 0.04 0.03 33.33%
Diluted earnings per share 0.04 0.03 33.33%
Weighted average return on net asset yield 0.96% 0.96% 0%
March 31, 2025 December 31, 2024 Increase/decrease compared
with year beginning
Total assets 7,450,631,732.95 7,628,315,487.35 -2.33%
Owner's equity attributable to shareholders of 3,163,007,587.05 3,132,102,966.64 0.99%
listed companies
1.2 non-recurring gains and losses
√Applicable □ Inapplicable
Amount from beginning
Item of non-recurring gains and losses of year to the end of
report period
Disposal gains and losses of non-current asset 26,875.08
Government subsidies included in current profit or loss 1,873,478.00
Impairment provisions for receivables that undergo impairment tests separately are reversed 654,000.0
Gains and losses on debt restructuring -2,092,268.90
One-time expenses incurred by an enterprise due to the cessation of related business -1,182,074.90
activities, such as expenditures for reemploying employees, etc
Other operating revenue or expense 408,012.82
Income tax effect 274,729.37
Minority shareholders’gains and losses -11,577.89
Total -575,129.35
1.3 Major changes in main financial items and indexes, and description of the cause

√ Applicable □ Inapplicable
(1). Notes receivable decreased by 30.81% compared with the beginning of the year, mainly due to the increase in bill payments
in the current settlement and the decrease in bank acceptance bills held in hand at the end of the period.
(2). The employee compensation payable decreased by 69.29% compared with the beginning of the year, mainly due to the
employee compensation (year-end bonuses, etc.) accrued at the end of the previous period has