2、公司与江苏张家港农村商业银行股份有限公司（以下简称"张家港农商 行"）签署《最高额保证担保合同》，公司为张家港农商行与公司全资子公司苏 州东方雨虹建筑材料有限公司（以下简称"苏州东方雨虹"）之间主合同项下发 生的一系列债务提供连带责任保证。保证期间为主合同约定的债务人履行债务期 限届满之日起三年。前述担保的最高债权本金余额为人民币 4,950 万元。 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、担保情况概述 （一）本次担保基本情况 1、北京东方雨虹防水技术股份有限公司（以下简称"公司"）与中信银行 股份有限公司上海分行（以下简称"中信银行上海分行"）签署《最高额保证合 同》，公司为中信银行上海分行与公司控股子公司上海东方雨虹防水技术有限责 任公司（以下简称"上海技术公司"）在一定期限内连续发生的多笔债务提供连 带责任保证。保证期间为主合同项下债务履行期限届满之日起三年。前述担保的 最高债权额为人民币 10,000 万元。 证券代码：002271 证券简称：东方雨虹 公告编号：2026-006 北京东方雨虹防水技术股份有限公司 关于为下属公司提供担保 ...

行业月报 · 建筑材料行业 传统品类走弱，涨价主线引领修复 —— 建材行业 1 月月报 2026 年 02 月 05 日 核心观点 建筑材料行业 | | | 分析师 贾亚萌 ：010-80927680 ：jiayameng_yj@chinastock.com.cn 分析师登记编码：S0130523060001 相对沪深 300 表现图 2026 年 02 月 05 日 资料来源：中国银河证券研究院 -20% 0% 20% 40% 60% 2025/2/5 2025/3/5 2025/4/5 2025/5/5 2025/6/5 2025/7/5 2025/8/5 2025/9/5 2025/10/5 2025/11/5 2025/12/5 2026/1/5 2026/2/5 SW建筑材料Ⅰ 沪深300 相关研究 1.【银河建材】行业周报：传统建材淡季趋弱，电子 布预期向好 20260201 2.【银河建材】行业周报：消费建材龙头发涨价函， 关注低估值建材板块 20260125 3.【银河建材】行业周报：赶工乏力拖累传统刚需， 电子纱价格走高 20260111 www.chinastock.com.cn 证券研究 ...

Investment Rating - The report maintains a "Positive" investment rating for the building materials industry [10]. Core Viewpoints - The report emphasizes increasing allocations to high-quality leading companies in consumer building materials and anticipates price increases in electronic fabrics due to shortages [2][3]. - Consumer building materials are highlighted as a strong investment opportunity due to significant supply exits, with production levels for various materials projected to be at 97% for plastic pipes, 82% for gypsum boards, and 77% for cement in 2024 compared to their peak levels [3]. - The report identifies three main lines for 2026: the stock chain, the African chain, and the AI chain, suggesting a shift in demand dynamics and growth opportunities in these areas [7]. Summary by Sections Basic Situation - Cement shipments have seen a slight month-on-month increase, while glass inventory continues to decline [6]. - In late January, cement demand showed slight recovery due to warmer weather in southern regions, with a shipment rate of approximately 32% in key domestic areas, up by 3 percentage points [6][23]. Outlook for 2026 - The report suggests focusing on three main lines: stock chain, African chain, and AI chain. The stock chain is expected to see a qualitative change in demand, with home renovation demand projected to rise from 50% to nearly 70% by 2030 [7]. - The African chain highlights undervalued growth opportunities in the African market, with recommendations for leading companies such as Keda Manufacturing and Huaxin Cement [7]. - The AI chain focuses on the upgrade of special electronic fabrics, with significant opportunities for domestic replacements in low CTE and low-Dk products [7]. Electronic Fabrics - The report is optimistic about price increases in electronic fabrics due to dual demand dynamics, with AI electronic fabrics benefiting from high demand and ordinary electronic fabrics facing supply constraints [5]. - The shortage of weaving machines is expected to continue, leading to sustained price increases [5]. Cement and Glass Market - The report notes that the national average price of cement is 349.84 yuan per ton, with a month-on-month decrease of 2.74 yuan [24]. - The national average price of glass is reported at 63.11 yuan per weight box, with a slight month-on-month increase of 0.50 yuan [36].

东方雨虹 20260204 东方雨虹在乡村振兴方面采取了哪些具体措施？ 东方雨虹在乡村振兴方面采取了一系列具体措施，特别是针对自建房的重建、 翻新和维修需求。公司加快了县乡镇村下沉市场的渠道布局和渗透，从 2025 年开始推出了一系列主题活动，例如在抖音和小红书平台上发起的新农人计划， 以及乡镇赶集系列活动。这些举措取得了显著效果，使得公司能够在 2026 年 继续深挖下沉市场的增长潜力，以对抗 C 端总体需求下行的压力。 东方雨虹如何通过品类扩张来应对市场变化？ 为应对市场变化，东方雨虹不仅继续深耕下沉市场，还注重品类扩张。防水涂 料 C 端市场空间近年来不断被压缩，公司原有防水涂料 C 端份额已达到四五十 个百分点。因此，公司拓展了卷材维修、特种砂浆、防腐材料、胶粘剂、五金 件及管业等新品类，这些产品与现有渠道具有很强的销售协同性。目前，这些 新品类在 C 端市场份额较低，例如卷材维修仅占 10%左右，墙面辅材更是个位 数份额。因此，通过多品类扩张，公司提升渠道销售宽度和效率，确保整体规 模稳定并实现增长。 摘要 东方雨虹通过拓展非房领域（水利工程、旧房改造等）的结构性需求， 显著提升了市场份额和集中度， ...

从资金流向上来看，当日装修建材板块主力资金净流入2.03亿元，游资资金净流出5928.88万元，散户资 金净流出1.44亿元。装修建材板块个股资金流向见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002791 | 坚朗五金 | 25.70 | 10.02% | 16.65万 | 4.10亿 | | 300737 | 科顺股份 | 7.55 | 8.63% | 72.54万 | 5.31亿 | | 002271 | 东方雨虹 | 18.26 | 6.97% | 79.51万 | 14.27亿 | | 002043 | 兔宝宝 | 17.32 | 5.67% | 18.38万 | 3.12亿 | | 000786 | 北新建材 | 29.55 | 5.61% | 52.61万 | 15.41亿 | | 002372 | 伟星新材 | 12.51 | 4.69% | 24.72万 | 3.05亿 | | 603378 | 亚士创能 | 6.86 | 4.57% | 10.29万 | 696 ...

柔性防水材料与建筑防火的性能平衡，长期以来是全球防水行业的研发重点与技术难点。资料显示， TPO（热塑性聚烯烃）树脂作为聚酯纤维增强型外露TPO防水卷材的核心原料，由碳、氢元素构成，可 燃性为其固有属性。而传统提升燃烧性能等级的方式，需大量添加无机耐火材料，这不仅极易牺牲卷材 物理疲劳性、低吸水率、户外耐候性及焊接可靠性等核心防水特性，还需应对材料燃烧过程中的"烛芯 效应"。 近日，国内防水行业企业东方雨虹（002271.SZ）宣布，其旗下1.5mm和1.8mm增强型TPO防水卷材顺利 通过新版强制性国家标准《建筑材料及制品燃烧性能分级》（GB 8624—2025）中屋顶覆盖材料及制品 的B1级燃烧性能检测。此次突破不仅破解了柔性防水材料防水与防火性能兼顾的行业难题，更将为公 司在屋面防水市场的份额扩张及国际化布局奠定坚实基础。 据了解，新版国标《建筑材料及制品燃烧性能分级》（GB 8624—2025）于2025年底正式发布，将于 2027年1月1日起全面实施。标准首次增设"屋顶覆盖材料及制品"专属类别，明确了屋面防水卷材燃烧性 能分级的定义与核心要求，并引入《屋顶及屋顶覆盖制品外部对火反应试验方法》（GB/ ...

东方雨虹贝总: 好嘞，那我们现在就开始交流吧。 公建集团的单月的收入和 24 年 11 月同期相比的话，实际上出现了止衰的这样的一个迹象， 所以这是一个非常明显的这么一个我们理解是一个比较好的这样一个边际上的一个变化。 这是我们的公建集团。那么当然今年的话，我们觉得今年的话，26 年整个工业集团止衰企 稳的概率就非常大了。为什么？因为我们讲整个工业集团的业务转型，那么基本上是到了 一个尾声的这样的一个状况，那么就是当时我们放弃的这种地产的大客户的这种收入，那 么包括这种直销施工为代表的一些直销的这种收入，那这块经过这几年的这种调整的话， 它的基数也比较低了。 所以现在整体的这个缺口，只有几个亿的这样的一个缺口了，对于 26 年而言，所以它完 全是可以通过我们这个小弊端，去提升我们在这种大量的非房业务的这种市场份额的方式 我们去，这个去填补刚才讲的业务调整，那个这样所带来这种缺，收入的缺口。所以整个 供电集团的话，26 年来看，收入止衰企稳的概率，应该说还是会比较大的。那么当然，如 果弓箭集团的收入是止衰的话，那么整个雨虹的集团的这个国内的这个收入，那么企稳的 这个概率就会非常大，因为毕竟弓箭的话，在整个雨虹的 ...

2026年1月，沙特达曼天鼎丰工厂两条生产线正式投产的轰鸣，与柬埔寨中标高端项目的喜讯遥相呼 应；从与哈萨克斯坦知名建材企业ABBEX集团达成战略合作进军中亚市场，到与印尼印尼乡村官员协 会（PPDI）携手掘金印尼乡村翻新市场，东方雨虹近期在海外可谓动作频频。 回溯一月之前，东方雨虹海外全新品牌"OYH"及一体化生态战略的发布，更在全球建筑建材市场投下重 磅惊雷。东方雨虹跳出单一产品出口的传统框架，以"品牌升级、产能扎根、项目突破"的全球化组合 拳，实现从"产品走出去"到"生态融进去"的关键跨越，为中国建筑建材企业的全球化进阶提供了可借鉴 的出海样本。 品牌升维：从产品走出去到生态融进去 交付效率与服务质量，最终错失市场机遇。东方雨虹深谙此道，将"产能扎根海外"作为全球化战略的核 心抓手，用"本地生产、本地交付、本地服务"的模式，破解行业共性难题。 2025年12月25日，东方雨虹正式发布海外全新品牌"OYH"（源自"Oriental Yuhong"英文缩写）及一体化 生态战略，同步上线"OYH Global"官方平台与"OYH Order"全球营销电商平台，这场看似简单的品牌焕 新，实则是一场直击行业痛点的 ...

Investment Rating - The report maintains a "Recommended" rating for the building materials industry [1] Core Views - The report anticipates significant growth in revenue and profit for fiberglass in Q4 2025, while traditional building materials face performance pressure [1] - The overall outlook for the cement industry indicates continued price and profit stabilization, with domestic pressures expected to persist [4][7] - The glass industry is projected to experience ongoing revenue and profit pressure, particularly in the float glass segment due to weak downstream demand [14][20] - The fiberglass sector is expected to see robust growth driven by increased demand for raw yarn and high-end fabrics [28] Summary by Sections Cement - Q4 2025 is expected to see domestic cement performance under pressure, while overseas markets may perform better. The average national cement price is projected at 357 RMB per ton, down 16% year-on-year [7] - The report notes that the cement industry is experiencing a bottoming out phase, with a year-on-year production decline of 7% from January to November 2025 [7] - Non-operating projects may impact profits, with companies accelerating capacity replacement and asset disposals [4][7] Glass - The float glass industry is expected to remain under pressure, with high inventory levels and ongoing losses. The average price for 5mm float glass is projected at 62 RMB per box in Q4 2025, down 17% year-on-year [14] - The photovoltaic glass segment is also expected to face significant revenue and profit pressure due to weak domestic installation demand, with a projected average price of 12.3 RMB per square meter in Q4 2025 [20] Fiberglass - The fiberglass sector is projected to see continued high growth in revenue and profit, with domestic net demand reaching 5.48 million tons, a 19% year-on-year increase [28] - The average price for mainstream products is expected to be 3,603 RMB per ton in 2025, with a slight decrease in Q4 [28] - High-end electronic fabric prices are expected to rise, benefiting companies with a first-mover advantage [28] Renovation Materials - The renovation materials sector is expected to face continued pressure, with a year-on-year decline in housing starts, completions, and sales area [4] - Companies are exploring new business channels to maintain resilience in performance [4]

Investment Rating - The report maintains a "Buy" rating for several companies, including China Giant Glass, Conch Cement, and Oriental Yuhong, while suggesting "Hold" for others like Puyang Refractories and Keren Co. [8] Core Insights - Leading waterproof companies such as Oriental Yuhong and Keshun have raised prices by 5-10% due to significant increases in raw material costs, indicating a potential recovery in industry profitability [4][6] - The real estate sector is showing signs of recovery after a prolonged adjustment period, with expectations of policy support and improved transaction volumes in the second-hand housing market [4][6] - Intel's glass substrate technology has achieved mass production, which could impact the domestic supply chain positively, with recommendations to focus on companies like Kaisheng Technology and Gobika [4][6] Summary by Sections Price Increases in Waterproof Companies - Companies like Oriental Yuhong and Keshun have announced price hikes of 5-10% for their waterproof products, driven by rising costs of acrylic emulsions and other raw materials [4][6] - The waterproof membrane industry has seen its first year-on-year production growth since November 2025, indicating a positive shift in the market [4][6] Company Profit Forecasts and Valuations - The report includes detailed earnings per share (EPS) forecasts and price-to-earnings (P/E) ratios for various companies, with notable mentions such as: - Oriental Yuhong: EPS forecast of 0.68 yuan for 2026, with a P/E ratio of 20 [8] - China Giant Glass: EPS forecast of 1.09 yuan for 2026, with a P/E ratio of 17 [8] - Conch Cement: EPS forecast of 2.09 yuan for 2026, with a P/E ratio of 12 [8] Weekly Market Review - The report provides insights into the weekly performance of the construction and building materials sectors, highlighting fluctuations in various indices [10][11] - Specific companies have shown significant weekly gains, such as *ST Lifan with a 47.33% increase, while others like Huamin Co. experienced a 16% decline [19]