Bingshan Refrigeration and Heat Transfer Technologies Co Ltd

Bingshan Refrigeration & Heat Transfer Technologies has released its 2026 interim report. Net profit attributable to the parent company was 47.14 million yuan, down 39.98% from the same period last year. Total operating revenue was 2.18 billion yuan, a decrease of 206 million yuan, or 8.62%, year on year. Net cash flow from operating activities was negative 97.66 million yuan, a decline of 96.69 million yuan compared with the same period last year. The company's latest asset-liability ratio was 56.74%, gross margin was 16.03%, return on equity was 1.49%, and diluted earnings per share was 0.06 yuan.

Bingshan Refrigeration & Heat Transfer disclosed its semi-annual report for 2026. In the first half, it achieved total operating revenue of 2.18 billion yuan, down 8.62% year-on-year. Net profit attributable to the parent was 47.1426 million yuan, down 39.98% year-on-year. Net profit after deducting non-recurring items was 30.7336 million yuan, down 57.85% year-on-year. Net cash flow from operating activities was negative 97.6572 million yuan, compared with negative 968,300 yuan in the same period last year. Basic earnings per share were 0.06 yuan, and the weighted average return on equity was 1.49%. During the reporting period, government subsidies included in current profit or loss amounted to 11.7182 million yuan. Based on the closing price on August 12, the company's price-to-earnings ratio on a trailing twelve-month basis was about 140.36 times, its price-to-book ratio on a latest fiscal year basis was about 1.36 times, and its price-to-sales ratio on a trailing twelve-month basis was about 1.03 times.