No Data
The inauguration ceremony of Beijing Oriental Yuhong Waterproof Technology's digital intelligence Technology company and the unveiling of the AI Innovation Laboratory was held in Beijing.
Initiate the transformation from "building materials system service provider" to "AI-driven industrial ecosystem operator."
Focusing on long-termism, Beijing Oriental Yuhong Waterproof Technology (002271.SZ) has launched a sustainable and stable dividend strategy.
Announcement on the adjustment of the profit distribution plan for the year 2024.
Research Reports to seize opportunities丨Ping An Securities: Maintain "recommended" rating for Beijing Oriental Yuhong Waterproof Technology, the most significant Industry pressure may have passed.
Ping An Securities' Research Reports indicate that multiple factors have led to challenging performance for Beijing Oriental Yuhong Waterproof Technology (002271.SZ) for the entire year. In 2024, the Net income attributable to the parent company is expected to be 0.11 billion yuan, a decrease of 95.2% year-on-year. Affected by the sluggish Real Estate market, the downstream demand in the waterproof Industry is insufficient, resulting in a 14.5% decline in company revenue year-on-year during the period; fierce competition in the Industry has put pressure on prices, and combined with jiegoutiaozheng, the gross margin is expected to decline by 1.9 percentage points to 25.8% year-on-year, with a gross margin of only 14.4% in the fourth quarter. Despite the downward adjustment of profit forecasts, considering the Industry level, new waterproof regulations are driving an upgrade and expansion in the Industry, and new construction in Real Estate is also holding steady.
Research Reports to explore opportunities | Everbright: Beijing Oriental Yuhong Waterproof Technology still has profit elasticity, maintaining a 'Buy' rating.
Everbright's research report points out that Beijing Oriental Yuhong Waterproof Technology (002271.SZ) is expected to achieve revenue/net profit attributable to the parent company/net profit attributable to the parent company after deducting non-recurring gains and losses of 28.06/0.11/0.12 billion yuan in 2024, with year-on-year changes of -14.5%/-95.2%/-93.3%. Actively reducing direct sales has dragged down overall revenue, while retail and engineering have shown countercyclical growth. Looking ahead to 2025, first, high dividends significantly improve the pledge risk for the actual controller, and corporate governance risks are greatly reduced; second, the company's asset disposal is resolute and effective, and the financial statements are sufficiently alleviating pressure, with the remaining tail impairment risk expected to be fully released within the year; third, after years of reform, the operation quality led by the channel sales model.
Oriental Yuhong: 2024 Annual Report
Oriental Yuhong: 2024 Annual Report Summary
