[中报]冰山B(200530):2022年半年度报告（英文版）
原标题:冰山B:2022年半年度报告（英文版） Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd. 2022 Semiannual Report August, 2022 Section 1 Important Notice, Table of Contents, and Definitions 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 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, the market promotion for new product and new technology slow 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 Mr. Li Sheng 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. CONTENTS Section 1 Important Notice, Table of Contents, and Definitions ...................................................... 2 Section 2 About the Company and Main Financia Indicators ........................................................... 6 Section 3 Management Discussion and Analysis ................................................................................. 8 Section 4 Corporate Governance ....................................................................................................... 15 Section 5 Environmental and Social Responsibility .......................................................................... 16 Section 6 Important Items .................................................................................................................. 17 Section 7 Change in Share Capital and Shareholders' Information ................................................. 19 Section 8 Information on Preferred Stock .......................................................................................... 21 Section 9 Bond Related Information .................................................................................................. 22 Section 10 Financial Report ............................................................................................................... 23 Reference Documents 1. The accounting statements bearing the signatures and seals of the legal representative, the financial majordomo and the accountants in charge. 2. The original copies of all the Company's documents and the original copies of the bulletins published on the newspapers 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 I. Company information
II. Contact persons and information
III. Other situations 1. Contact of company If the registered address, office address and zip code, website, email box of the Company had any change in the report period □ Applicable √ Not applicable 2. Information disclosure and place of preparation If the information disclosure and the place of preparation had any change in the report period □ Applicable √ Not applicable The name of newspaper for information disclosure selected by the Company, the address of the website designated by China Securities Regulatory Commission for carrying semi-annual report, the place where the semi-annual report of the Company is prepared had no change in the report period. Refer to the Annual Report for 2021 for details. IV. Main accounting data and financial indicators Did 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 Unit: RMB Yuan
□ Applicable √ Not applicable 2. Difference of accounting data between as per Chinese accounting standards and as per Foreign Accounting Standards The difference of accounting data between as per Chinese Accounting Standards and as per International Accounting Standards was 0. VI. Non-recurring profits and losses and their amounts
I. The Company’s Main business during the reporting period Focusing on the hot and cold industry, the Company is committed to the development of industrial refrigeration and heating business, commercial refrigeration business, air conditioning and environment business, engineering and service business and new business fields, covering the key areas of the hot and cold industry chain and creating a complete hot and cold industry chain. The Company's main products include piston and screw refrigeration compressors, pressure vessels, combined warehouses, controlled atmosphere storage, quick freezer, etc., which are used in national defense, scientific research, petroleum, chemical, textile, medicine, power generation, agriculture, animal husbandry, fishery and catering service industries. The Company's product sales and comprehensive solutions provide both domestic and international markets, with self-supporting sales as the main and channel sales as the auxiliary. During the reporting period, rigid demands such as food safety, consumption upgrading, energy conservation and carbon reduction will benefit the refrigeration and air conditioning industry. At the same time, the refrigeration and air conditioning industry is also facing the problems of intensified market competition, increased cost pressure, and difficulty in improving efficiency. Facing the opportunities and challenges, focusing on the hot and cold industry, the Company continued to deeply cultivate the advantageous market segments, and actively expanded and occupied the domestic market. 1. Industrial refrigeration and heating business Industrial refrigeration is an important field reflecting the core technology of the Company. After years of development, the Company has been close to the technical level of the main international competitors in the field of industrial refrigeration, and has achieved catching up in some fields. Based on the traditional refrigeration, the Company realizes the balance of cold and heat through the utilization of heat, which greatly improves the energy utilization rate. 2. Commercial refrigeration business Commercial refrigeration is the Company's core business. In China, the Company takes the lead in opening up the green intelligent cold chain from the first kilometer of the field to the last 100 meters of the residential community, which is the competitive advantage of the Company. Focusing on food refrigeration, the Company has patented products pre-cooling from the field, all kinds of quick freezing equipment and refrigeration facilities of various specifications, and China's leading experience in the design and installation of large-scale ammonia and carbon dioxide refrigerators. On the basis of absorbing the relevant experience of Japan, Europe and the United States, combined with China's new needs, to provide newer products, better solutions and fresher experience for the field of food freezing and refrigeration. 3. Air conditioning and environment business In recent years, relying on the complete industrial chain, the Company has continuously carried out transformation and upgrading in the field of air conditioning and environment, developed more energy-saving and environmental protection products around the blue sky project, and accelerated the transformation and upgrading from air treatment to environmental governance. At present, the Company has developed a series of innovative products around the market segments of commercial air conditioning, central air conditioning and special air conditioning, and provides corresponding solutions in different segments around these innovative products. For hospitals, electronic factories, high-end real estate, rail transit and other fields, provide targeted solutions. 4. Engineering and service business Cold and hot engineering and service are the Company's advantageous business fields. In recent years, the Company has realized transformation and upgrading from the manufacturer of cold and hot equipment to the service provider of comprehensive solution of cold and hot through the development of engineering and service industry, and realized the dual wheel drive of the enterprise, and provided more professional and accurate services to each segment market, and constantly created new value for customers and realized common growth. At present, the Company focuses on petrochemical technology, refrigeration, central air conditioning, ice and snow engineering, artificial environment and other market segments. Relying on the enterprise's industrial chain, value chain and ecosystem, the Company provides services from consulting, planning, design to manufacturing, installation, commissioning and service in the whole process and life cycle. At the same time, according to the needs of customers, promote the combination of industry and finance, and provide services for customers through the form of project general contracting and financial leasing. 5. New business With the deepening of China's economic transformation and upgrading, as well as the continuous introduction of environmental governance policies, the domestic industrial energy conservation and environmental protection industry is growing rapidly, the level of energy conservation and consumption reduction of enterprises and the comprehensive utilization of resources is constantly improving, and the energy industrial structure has changed. Strengthening the optimal utilization of energy has become a development trend. For low-grade energy recycling, the Company provides customers with a series of energy-saving, environmental protection, efficient new products, in line with the national strategic requirements of energy conservation, carbon reduction and sustainable development, and contributes professional wisdom to the national carbon peak and carbon neutral strategy. During the reporting period, the Company made good progress in CCUS, ORC, photovoltaic and other new undertakings. II. Analysis of core competence The Company focuses on main business of cold and heat; independent R&D and joint venture partnerships are cooperate with each other effectively; capital resources integration and business model innovation are in a positive interaction; the community of business and interest are being multi-storey created; the develop mode with Bingshan characteristic are formed. The Company has the integrated cold-heat industrial chain for offering kinds of comprehensive solution services, including design, manufacture, installation and maintenance etc., and can satisfy individual requirements preferably. The Company possesses a mature and solid marketing networks and after-sale service network on/off-line, and can offer high quality and high value-added services more initiative and faster for clients from around the city. After overall relocation reform, the new factory of intelligence, environment protection, high efficiency and safety are put into used, which produces a strong comparative advantage for creating higher value to the customers. While move forward with transformation and upgrading for former business, the Company will implement the cultivation for new business, thus the sustainable healthy development will come more and more feasible. Core-competency of the Company further promoted in the reporting period. III. Analysis of main business In the first half of 2022, the Company focused on hot and cold industries, continued to cultivate advantageous market segments, solidly improved its core competitiveness, and accelerated the improvement of its main business. In the first half of 2022, the Company achieved an operating revenue of 1,291.86 million yuan, an increase of 18.06% year-on-year; The net profit attributable to the shareholders of the listed company was During the reporting period, the Company adhered to integrity, innovation and pragmatic reform. Enrich and strengthen the operation and management team, adjust and optimize the organizational structure and business processes. Multiple strategies should be taken simultaneously to effectively improve production capacity and production efficiency. With green refrigerant and zero carbon as the center and market segmentation as the goal, we will solidly improve technology. The "national high-end equipment manufacturing standardization pilot" passed the acceptance smoothly. The screw refrigeration unit for large ocean fishing vessels of the Company was selected as the "specialized and special new" product of Liaoning Province in 2022. During the reporting period, Bingshan Engineering company, a subsidiary of the Company, continued to cultivate advantageous market segments. In the field of product business, actively serve high-end customers, and sign a number of projects with BASF, Yabao, etc; Join hands with leading enterprises to lead the polysilicon market. In the field of engineering, Xinjiang central kitchen project, Shanghai Star indoor comprehensive ice and snow venue project and other landmark projects were constructed in an orderly manner. In the field of energy, the implementation of CCUS projects has been accelerated, and carbon neutralization solutions have been strongly expanded. During the reporting period, Wuhan New World Refrigeration, a subsidiary of the Company, further optimized its products and solutions. Based on the existing traditional products, focus on expanding the energy, coal and LNG segment markets. The marketing of the main models of energy products has achieved good results, and the steam screw compressor unit has achieved a breakthrough in the sales of new products. During the reporting period, Bingshan Guardian, a subsidiary of the Company, focused on energy-saving control of cooling and heating systems and made efforts to become stronger and bigger. Absorb and merge New Meica to realize resource integration, complementary advantages and efficient operation. Won the bid for the distribution box project of Dalian Bay Subsea Tunnel project, and helped Dalian key projects. Independently develop comprehensive energy-saving algorithm, and launch the centralized monitoring energy-saving system of IOT supermarket convenience stores with obvious energy-saving effect. Main financial data variations as compared to the same period of last year Monetary unit: RMB Yuan
Sales income and costs
Main business structure Monetary unit: RMB yuan
IV. Analysis of the non-main business √Applicable □Not applicable unit: RMB yuan
V. Analysis of assets & liabilities 1. Remarkable change in assets Monetary unit: RMB yuan
□ Applicable √ Not applicable 3. Assets & liabilities which are measured by fair value √ Applicable □ Not applicable The beginning number is 261,410,664.61 yuan for other non-current financial assets measured by fair value. Changes in the profit and loss of the fair value in this period is-29,425,921.52 yuan，The amount sold in the current period is 107,495,400.00 yuan, the current sale amount is 0 yuan, and the final number is167,515,974.19 yuan. 3. Restrictions on asset rights at the end of reporting period √ Applicable □ Not applicable VI. Analysis of investments 1.The overall situation √ Applicable □ Not applicable
2.The significant equity investment during the reporting period □ Applicable √ Not applicable 3 The significant non-equity investment during the reporting period □Applicable √Not applicable 4.The financial asset investment (1) The securities investment √ Applicable □ Not applicable
(2) Derivative investment □Applicable √ Not applicable During the reporting period, the Company does not exist derivative investment. VII. The material assets and equity sale 1. The material assets sale □Applicable √Not applicable 2. The material equity sale √ Applicable □ Not applicable The Company transferred 17.80 percent equity of Suzhou Thermoking which was held by the Company with price of RMB 102.2064 million yuan to Trane Technologies European Holding Company B.V. After the above mentioned equity transfer finished, the Company will not hold equity of Suzhou Thermoking. VIII. Analysis of major subsidiary companies and mutual shareholding companies √ Applicable □ Not applicable Unit: ten thousand yuan (except for registered capital)
The Company transferred 100 percent equity of Bingshan Service which was held by the Company with price of RMB 25.8882 million yuan. During the reporting period ,the equity transfer has been finished, the Company not hod equity of Bingshan Service. IX. The structured corporate bodies which the Company controlled □Applicable √Not applicable X. Main risks the company faces and response measures (1)Increasing market competition risk Countermeasures: focus on the hot and cold industry, deeply cultivate the advantage market segmentation; rapidly improve the engineering and manufacturing power; orderly improve the level of intelligent manufacturing and service-oriented manufacturing; speed up the transformation and upgrading of inherent undertakings; accelerate the implementation of new kinetic energy cultivation; continue to build Bingshan enterprise and interest community. (2)Risk of slow marketing of new products and technologies Countermeasures: create differentiated competitiveness of new products and technologies; strengthen the technology marketing and service marketing, and cultivate the market segmentation professionally; appropriate use of financial leasing, contract energy management and other innovative models. (3)Risk of high level of trade receivables Countermeasures: strictly implement the project management system and further strengthen the management of accounts receivable; enhance quality of contract through intensified customer credit assessment and contract appraisal; effective control of increase in trade receivables by reduction of guarantee deposits, and taking bank credit instruments as guarantee deposits; improve contract execution through stricter review on goods delivery, intensified control on project construction and acceptance, and post-sale service; prepare special composition solutions and incentive policy to accelerate settlement of trade receivables with relatively long aging. (4)Risk of rising raw material prices Countermeasures: the Company will actively respond to cost pressure by reducing material rates, centralized procurement, expanding sales, adjusting selling prices, reducing expenses and other measures. Section 4 Corporate governance I. Shareholders’ general meeting convened in the reporting period |
