证券代码：002271 证券简称：东方雨虹 公告编号：2025-046 北京东方雨虹防水技术股份有限公司 关于获得政府补助的公告 2、补助的确认和计量 依据《企业会计准则第 16 号—政府补助》的相关规定，公司收到的上述与 资产相关的政府补助确认为递延收益，并在相关资产的使用寿命内按照合理、系 统的方法分期计入当期损益；公司收到的上述与收益相关的政府补助确认为其他 收益并计入当期损益。对于货币性资产的政府补助，按照收到或应收的金额计量， 对于非货币性资产的政府补助，按照公允价值计量，公允价值不能可靠取得的， 按照名义金额计量。具体会计处理以会计师事务所审计确认后的结果为准。 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、获取补助的基本情况 北京东方雨虹防水技术股份有限公司（以下简称"公司"）获悉，公司下属 子公司杭州东方雨虹建筑材料有限公司于近日获得政府补助 12,431,594.00 元 人民币。自 2025 年 3 月 20 日公司披露《关于获得政府补助的公告》（公告编 号：2025-041）至本公告披露日，公司及下属子公司累计获得政府补助合计 13 ...

4月10日，东方雨虹（002271）与湛江湾实验室正式签署联合实验室及合资公司合作协议。此举标志着 双方将在科技创新与产业融合领域开启深度协同新阶段，旨在共同推动海洋防腐防污材料关键核心技术 攻关，加速创新成果产业化进程，为培育海洋经济新质生产力注入强劲科技动能。(东方雨虹) ...

证券之星消息，根据天眼查APP数据整理，近日，泰州东方雨虹绿色建材科技有限公司成立，法定代表 人为耿雾，注册资本1000万元，经营范围包含：许可项目：第二类增值电信业务；建设工程施工；住宅 室内装饰装修（依法须经批准的项目，经相关部门批准后方可开展经营活动，具体经营项目以审批结果 为准）一般项目：隔热和隔音材料销售；专用化学产品销售（不含危险化学品）；建筑工程机械与设备 租赁；建筑工程用机械销售；防腐材料销售；金属门窗工程施工；电力设施器材销售；机械电气设备销 售；泵及真空设备销售；制冷、空调设备销售；电气信号设备装置销售；室内木门窗安装服务；数字视 频监控系统销售；智能家庭消费设备销售；门窗销售；五金产品批发；技术服务、技术开发、技术咨 询、技术交流、技术转让、技术推广；普通机械设备安装服务；厨具卫具及日用杂品批发；非电力家用 器具销售；家用电器销售；建筑材料销售；广告设计、代理；工程管理服务；国内贸易代理；互联网销 售（除销售需要许可的商品）；政府采购代理服务；采购代理服务；信息咨询服务（不含许可类信息咨 询服务）；家用电器安装服务；日用百货销售；电子专用设备销售；建筑装饰材料销售；充电桩销售； 机械设备 ...

Group 1 - The core focus of Dongfang Yuhong in 2024 is on cost control, stabilizing waterproofing, expanding product categories, and adopting a light asset model [1] - The company plans to enhance service capabilities, implement flat management, deepen channels, and maintain its leading position in waterproofing and other categories by 2025 [1] - Dongfang Yuhong is actively advancing asset monetization related to construction compensation housing, having processed some in 2024 and planning to address remaining issues this year [1] Group 2 - The company has rich experience in overseas business, focusing on supply chain systems and channel development, with trade, investment, and mergers & acquisitions as key growth drivers [1] - The Sand Powder Group has significant advantages in channels, supply chains, and costs, leveraging the sales channels of the Minjian Group with over 60 sand powder factories nationwide [1] - The Minjian repair product category is experiencing rapid growth, with increased sales in the waterproofing main category and market share improvements, while expanding product categories through the wall auxiliary material brand "Wall Bei Li" [1] Group 3 - The company maintains a good net profit margin during the expansion of product categories and aims to sustain profitability through improved labor efficiency and strengthened cost control [1] - The retail of Deaiwei coatings maintains high-end quality, requiring continuous improvement in channel layout and supply chain optimization to match leading enterprises [1] - The management structure of Deaiwei will be integrated into the Sand Powder Group for better operational efficiency [1]

Core Insights - Yunnan Dongfang Yuhong Building Materials Technology Co., Ltd. has been established with a registered capital of 100 million yuan [1] - The company is wholly owned by Dongfang Yuhong [1] Business Scope - The company’s business scope includes residential interior decoration, construction engineering, and second-class value-added telecommunications services [1] - General projects include import and export of goods and technology, sales of photovoltaic equipment and components, insulation materials, furniture installation and maintenance services, and various sales of building materials and household appliances [1] - The company is also involved in supply chain management, engineering management services, advertising design and agency, and sales of specialized chemical products [1]

Core Viewpoint - The company is undergoing a strategic transformation to become a building materials system service provider, focusing on customer-centric product restructuring, service ecosystem reconstruction, and business model elevation to capture the trillion-level healthy living market [1][2]. Group 1: Market Opportunities - The construction industry is expected to see new vitality by 2025, with the "Good House" initiative included in the government work report, emphasizing safety, comfort, green, and smart construction standards [2]. - The company is actively responding to the "Good House" requirements by enhancing the green and environmentally friendly attributes of its products and expanding diverse application scenarios [2]. Group 2: Technological Advancements - In 2024, the company invested 586 million yuan in R&D, leading the industry and leveraging a global collaborative innovation network [2]. - The company has established a high-level innovation platform, including key laboratories and research centers, to achieve breakthroughs in the green and environmental fields [2]. - New products launched in 2024 include a variety of green innovations such as a three-dimensional sand-modified asphalt waterproofing membrane and a bio-based waterproof coating [2][3]. Group 3: Service Upgrades - The company launched a new service brand "Yuhong" on March 15, establishing a "service golden triangle" system to promote industry-wide upgrades through standardized, transparent, and contractual services [5]. - The "Yuhong" service brand is designed to enhance customer service and facilitate the booking of professional waterproofing services through various online platforms [5]. Group 4: Value Restructuring - The "Good House" initiative is reshaping the technical and service standards of the construction industry and driving the reconstruction of value distribution within the supply chain [6]. - The company is building a green supply chain by implementing strict supplier evaluation mechanisms that prioritize environmental performance and social responsibility [6]. - The company is undergoing a three-phase leap: short-term performance foundation through policy benefits, mid-term establishment of dual competitive barriers through technology and service, and long-term evolution into a healthy living system service provider [6].

证券代码：002271 证券简称：东方雨虹 公告编号：2025-045 北京东方雨虹防水技术股份有限公司 2024 年年度权益分派实施公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 1、根据北京东方雨虹防水技术股份有限公司（以下简称"公司"或"东方 雨虹"）于 2024 年 5 月 13 日召开 2023 年年度股东大会审议通过的《关于回购 注销第三期限制性股票激励计划激励对象已获授但尚未解除限售的限制性股票 的议案》，公司已于 2024 年 6 月 17 日完成激励对象持有的已获授但尚未解除限 售的第三期限制性股票共计 1,882.4639 万股的回购注销手续。目前公司第三期 限制性股票激励计划剩余限制性股票数量为 3.0750 万股系激励对象个人原因被 司法冻结尚未办理完回购注销手续。 目前公司尚未完成回购注销的因第三期限制性股票激励计划激励对象个人 原因被司法冻结的股权激励限售股共计 30,750 股不享有参与本次利润分配的权 利。同时，公司通过回购专用证券账户持有的本公司回购股份 47,615,662 股的 注销事宜已于 2025 年 ...

Investment Rating - The investment rating for the company is "Accumulate" (首次) [1] Core Views - The report highlights that Dongfang Yuhong is a leader in the waterproofing industry in China, undergoing a new transformation phase. The company has a history of adapting and growing through adversity, establishing a strong brand presence and market position [4][6]. - The strategic shift towards retail and away from real estate and construction is emphasized, with a focus on long-term sustainable development. The company is expected to see significant growth in its C-end business, with revenue projected to reach 9.37 billion yuan in 2024, a year-on-year increase of 14.58% [6]. - The report anticipates that the company's net profit will rebound significantly, with projections of 1.525 billion yuan in 2025, 2.130 billion yuan in 2026, and 2.771 billion yuan in 2027, reflecting a strong recovery trajectory [5][6]. Financial Summary - The closing price of the stock is 13.41 yuan, with a total market capitalization of approximately 32,032.47 million yuan and a circulating market value of 25,676.53 million yuan [3]. - The company’s revenue is projected to be 28,056 million yuan in 2024, with a year-on-year growth rate of -14.52%, followed by a recovery to 29,587 million yuan in 2025, representing a growth rate of 5.46% [5][7]. - The earnings per share (EPS) is expected to be 0.05 yuan in 2024, increasing to 0.64 yuan in 2025 and further to 0.89 yuan in 2026 [5][7].

Summary of Dongfang Yuhong Conference Call Company Overview - **Company**: Dongfang Yuhong - **Industry**: Construction materials, specifically waterproofing and building materials Key Points and Arguments 1. **Customer Structure Adjustment**: Dongfang Yuhong is actively reducing reliance on large real estate clients and scaling down construction business, leading to short-term revenue pressure. Real estate procurement revenue dropped from over 14 billion yuan in 2021 to 1.2 to 1.3 billion yuan in 2024 [2][4][6] 2. **Industry Recovery Outlook**: The company anticipates a stabilization and recovery in the industry by 2026, with a significant number of competitors exiting the market, providing opportunities for leading companies like Dongfang Yuhong to increase market share [2][7] 3. **Expansion into Consumer Building Materials**: The company is diversifying into consumer building materials beyond waterproofing, including sand powder, coatings, pipes, and adhesives, aiming for a 10% growth in the civil construction sector by 2025, targeting over 10 billion yuan in sales [2][12] 4. **Sales Model Transformation**: Dongfang Yuhong is shifting from a direct sales model focused on large clients to a retail and small business model, with retail channels expected to account for 85% of sales by 2024, down from 70% direct sales five years ago [2][11] 5. **Financial Performance Improvement**: Despite a revenue decline, the company expects to stabilize with a revenue target of 30 billion yuan in 2025, supported by retail channel growth and new product categories [2][11] 6. **Cost Control Measures**: The company is focusing on cost control to improve profit margins, including organizational restructuring and strict expense management [13] 7. **Market Position in Sand Powder**: Dongfang Yuhong has established over 60 sand powder factories nationwide, aiming to leverage its channel advantages to quickly increase market share [5][17] 8. **Future of Specialty Mortar Market**: Although prices for specialty mortars are declining, the company maintains stable gross margins due to cost reductions and expects to continue benefiting from scale effects [14][15][16] 9. **Retail and Engineering Channel Strategy**: The company is transitioning to a more diversified customer structure, focusing on small business clients and utilizing partnerships for material sales [26][27] 10. **Outlook for New Product Development**: Dongfang Yuhong plans to leverage its existing resources to promote other product categories, including adhesives and coatings, while maintaining growth in its non-woven fabric business [24] Additional Important Insights - **Impact of Industry Changes**: The company has faced significant challenges due to the real estate market downturn, leading to a substantial drop in construction business revenue [4][6] - **Cash Flow Improvement**: The shift in sales model has resulted in improved cash flow metrics, with a notable increase in net operating cash flow [11] - **Focus on Non-Waterproof Products**: The company is expanding its product offerings in the consumer building materials market, which is expected to support long-term growth despite short-term demand fluctuations [10][12] - **Challenges in Engineering Sector**: The engineering division has faced challenges due to reliance on large clients and high construction costs, prompting a strategic shift towards channel partnerships [25][26][28] This summary encapsulates the key insights from the conference call, highlighting the strategic adjustments and future outlook for Dongfang Yuhong in the evolving construction materials industry.

证券代码：002271 证券简称：东方雨虹 公告编号：2025-043 北京东方雨虹防水技术股份有限公司 关于回购股份注销完成暨股份变动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 2024年12月19日，公司首次实施了股份回购，同日，公司与建行北京通州分 行签订了《股票回购增持贷款合同》，并于2024年12月21日披露了《关于首次回 购公司股份暨获得回购公司股份融资支持的进展公告》（公告编号：2024-121）。 此外，公司于2025年1月4日披露了《关于回购公司股份的进展公告》（公告编号： 2025-001），2025年1月11日披露了《关于回购公司股份比例达到总股本1%的进 展公告》（公告编号：2025-004）。详见公司刊登于指定信息披露媒体《证券时 报》、《中国证券报》和巨潮资讯网（http://www.cninfo.com.cn）的相关公告。 截至目前，公司累计通过回购专用证券账户以集中竞价交易方式回购股份数 量为47,615,662股，占公司总股本的1.9544%，最高成交价为13.72元/股，最低 成交价为12.13元/股 ...