Research reports digging | gtja: Maintain "shareholding" rating on beijing oriental yuhong waterproof technology, with a target price of 26.28 yuan.

Gelonghui Finance · Dec 4, 2024 01:47

gtja research report pointed out that the waterproof industry is the most significant consumption building materials sub-industry with the pattern of clearance in the past two years. Beijing oriental yuhong waterproof technology (002271.SZ) continuously increases its market share, expands product categories, adjusts channels to improve revenue structure, mitigates the impact of industry price competition by reducing costs, and the disposal of risk assets is coming to an end. Looking ahead to 2025, we do not expect much room for further downward price adjustments in most core product categories, so the gross margin and expense ratio may enter a stabilizing or even a certain period of recovery. The engineering mortgaged assets accumulated by the company in the early stage will enter an accelerated processing stage in 2024, and it is believed that the drag on performance brought by them will be more temporary. Maintaining a "shareholding" rating with a target price of 26.28 yuan.

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研报掘金丨国泰君安：维持东方雨虹“增持” 评级，目标价26.28元

Research reports digging | gtja: Maintain "shareholding" rating on beijing oriental yuhong waterproof technology, with a target price of 26.28 yuan.

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