Company Overview - Oriental Yuhong (SZ 002271) announced the convening of its 9th second board meeting on December 8, 2025, to discuss the proposal for the 4th extraordinary shareholders' meeting of 2025 [1] - As of the report, Oriental Yuhong has a market capitalization of 31.5 billion yuan [1] Revenue Composition - For the first half of 2025, the revenue composition of Oriental Yuhong is as follows: - Waterproof materials sales accounted for 69.71% - Mortar powder accounted for 14.71% - Other segments accounted for 8.39% - Waterproof engineering services accounted for 6.26% - Other businesses accounted for 0.94% [1]

Group 1 - The core viewpoint of the article is that Dongfang Yuhong (002271) plans to sell a commercial property to optimize its asset structure and improve asset operation efficiency [1] - The company intends to sell the property located at No. 4, Yingze Road, Changping District, Beijing for a price of 10.1159 million yuan (including tax) [1] - The transaction is expected to result in an asset disposal loss of 2.9596 million yuan, which will significantly impact the company's financials, with total asset disposal losses from sales expected to exceed 50% of the company's audited net profit for the most recent fiscal year [1]

Core Viewpoint - The company, Oriental Yuhong, has approved the sale of a commercial property for 10.12 million yuan, which is expected to result in a significant asset disposal loss that may exceed 50% of its most recent audited net profit for the fiscal year [1] Group 1: Asset Sale Details - The company announced the sale of a commercial property located at No. 4, Yingze Road, Changping District, Beijing [1] - The sale price is set at 10.12 million yuan, including tax [1] - The expected asset disposal loss from this transaction is 2.96 million yuan [1] Group 2: Financial Impact - The cumulative asset disposal losses from sales completed by 2025 are projected to exceed 50% of the company's most recent audited net profit [1] - This transaction will require approval from the company's shareholders and does not constitute a related party transaction or a major asset restructuring [1]

Core Viewpoint - The company and its subsidiaries plan to sell a commercial property located at No. 4, Yingze Road, Changping District, Beijing for a total price of 10.1159 million yuan (including tax), which is expected to result in a significant asset disposal loss [1] Group 1 - The transaction has been approved by the board of directors and is expected to incur an asset disposal loss of 2.9596 million yuan [1] - Following the completion of this transaction, the cumulative asset disposal losses from asset sales in 2025 are projected to exceed 50% of the company's audited net profit for the most recent fiscal year [1] - The parties involved have signed a "Real Estate Sale Contract," and the buyer has paid a deposit of 1.0116 million yuan [1] Group 2 - The transaction is still subject to approval by the company's shareholders [1]

市场价值 资产评估报告 中评正信评报字[2025]387号 本报告依据中国资产评估准则编制 北京东方网虹防水技术股份有限公司 拟核奥所处置房地产的 二零二五年十二月二日 中国资产评估协会 | | | 共1册,第1册 北京中评正信资产评估有限公司 资产评估业务报告备案回执 | 报告编码: | 111160004202500418 | | --- | --- | | 合同编号: | 2025-438 | | 报告类型: | 非法定评估业务资产评估报告 | | 报告文号: | 中评正信评报字[2025]387号 | | 报告名称: | 北京东方雨虹防水技术股份有限公司拟核实所处置房地产的市场 | | | 价值资产评估报告 | | 评估结论: | 12,240,200,00元 | | 评估报告日: | 2025年12月02 | | 评估机构名称: | 글 北京中评正怎资产 | | 签名人员: | 于彦静 正式会员 编号:13220011 | | | 红叶 正式会员 编号:13090034 | | | 于彦静、红叶已实名认可 | | | (可扫描二维码查询备案业务信息) | 说明:报告备案回执仅证明此报告已在业务报备管 ...

证券代码：002271 证券简称：东方雨虹 公告编号：2025-127 北京东方雨虹防水技术股份有限公司 关于出售资产的公告 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。 一、交易概述 1、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"） 及下属子公司为盘活闲置固定资产，处置非生产资料，提高公司资产运营产销率， 优化资产结构，拟以 10,115,900.00 元（含税）的价格出售公司下属子公司持有 的位于北京市昌平区英泽路 8 号院 4 号楼的一套商业用途不动产（以下简称"标 的资产"）。 2、2025 年 12 月 8 日，公司召开第九届董事会第二次会议，以 9 票赞成、0 票反对、0 票弃权的表决结果审议通过了《关于出售资产的议案》。本次交易预 计形成资产处置损失 2,959,596.80 元，交易完成后 2025 年出售资产累计产生的 资产处置损失预计将达到公司最近一个会计年度经审计净利润的 50%以上，最终 影响金额以会计师年度审计确认后的结果为准，本次交易尚需提请公司股东会审 议批准。本次交易不构成关联交易，也不构成《上市公司重大 ...

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、召开会议的基本情况 1、股东会届次：2025 年第四次临时股东会 2、股东会的召集人：董事会 3、会议召开的合法、合规性：本次股东会会议的召开符合《公司法》、 《证券法》、《上市公司股东会规则》、《深圳证券交易所股票上市规则》、 《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》 等法律、法规、深圳证券交易所业务规则和《公司章程》等的规定。 4、会议时间： （1）现场会议时间：2025 年 12 月 24 日 14:30 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2025 年 12 月 24 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易 所互联网投票系统投票的具体时间为 2025 年 12 月 24 日 9:15 至 15:00 的任意 时间。 证券代码：002271 证券简称：东方雨虹 公告编号：2025-128 北京东方雨虹防水技术股份有限公司 关于召开 2025 年第四次临时股东会的通知 于股权登记日下午收市时在中 ...

第九届董事会第二次会议决议公告 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。 2025年12月8日，北京东方雨虹防水技术股份有限公司（以下简称"公司"） 第九届董事会第二次会议在公司会议室以现场及通讯相结合的方式召开。会议通 知已于2025年12月6日通过专人送达、邮件等方式送达给全体董事。会议应到董 事9人，实到董事9人，董事会秘书列席会议，会议的召集召开符合《公司法》及 《公司章程》的相关规定。会议由董事长李卫国先生召集并主持，全体董事经过 审议通过了如下决议： 一、审议通过了《关于出售资产的议案》 表决结果：同意9票，反对0票，弃权0票。 证券代码：002271 证券简称：东方雨虹 公告编号：2025-126 北京东方雨虹防水技术股份有限公司 北京东方雨虹防水技术股份有限公司董事会 2025年12月9日 为盘活闲置固定资产，处置非生产资料，提高公司资产运营产销率，优化资 产结构，同意以10,115,900.00元（含税）的价格出售公司下属子公司持有的位 于北京市昌平区英泽路8号院4号楼的一套商业用途不动产。本次交易预计形成资 产处置损失2,959,59 ...

Core Viewpoint - The launch of the high-end waterproof brand "Raylong" by Oriental Yuhong marks a significant step towards high-quality development in the construction waterproofing industry, redefining high-end standards and emphasizing the importance of product quality and brand value [1][3][4]. Group 1: Product Launch and Market Response - The "Raylong" brand was officially unveiled at a product launch event in Beijing, showcasing its high-end waterproof product series [1][3]. - The event highlighted the systematic layout of "Raylong" in terms of product advantages and brand value, responding to the increasing market demand for high-quality waterproof systems [3][4]. - Market research indicates that customers in high-end residential, industrial parks, green buildings, and municipal landmarks are demanding higher reliability and environmental standards from waterproof materials, which "Raylong" aims to fulfill [4][6]. Group 2: Industry Transformation and Value Creation - Oriental Yuhong's introduction of the "Raylong" brand during a critical industry transformation period sends a clear signal against internal competition, focusing on quality and technological leadership [7][9]. - The company aims to shift the competitive focus from cost suppression to value creation, encouraging partners to move away from low-price competition and explore sustainable high-quality market opportunities [9][11]. - The launch of "Raylong" represents a strategic commitment to co-create value with partners, enhancing construction quality and overall advantages through a customer-centric approach [9][11]. Group 3: Collaborative Solutions and Future Outlook - The brand promotes a collaborative model centered on system solutions, transitioning partnerships from traditional supply-demand relationships to deep integration and co-creation [11]. - By providing high-reliability and high-adaptability products along with technical support, Oriental Yuhong aims to enhance partners' competitiveness in the high-end construction market [11]. - Experts view the launch of the "Raylong" brand as a strategic action that addresses industry-wide needs, setting a high-quality transformation example for the construction materials sector and encouraging a return to product essence and healthy ecosystem building [11].

Market Overview - In November, A-shares and Hong Kong stocks experienced a trend of high-low switching, with the ChiNext Index down 4.23% and the Hang Seng Tech Index down 5.23%[5] - The market's focus shifted towards defensive sectors as funds moved from high-valuation growth stocks to low-valuation cyclical stocks and dividend assets[5] Investment Strategy - December's market is expected to maintain an upward trend, with a short-term oscillating structure anticipated[5] - Key events include the Central Economic Work Conference and various industry conferences that may create investment opportunities[5] Key Investment Themes - Focus on "anti-involution" policies which are expected to improve industry performance, particularly in resource sectors benefiting from rising commodity prices[5] - Emphasis on overseas expansion themes, with Chinese high-end manufacturing expected to gain market share globally[5] Recommended Stocks - Zijin Mining (601899.SH) projected EPS growth from 1.21 in 2024 to 2.83 in 2027, with a PE ratio decreasing from 23.62 to 10.10[7] - Electric Power Investment (002128.SZ) expected to see EPS rise from 2.38 in 2024 to 2.75 in 2027, with a PE ratio decreasing from 10.9 to 9.45[27] Financial Performance - Zijin Mining's revenue is projected to grow from 303.64 billion yuan in 2024 to 381.84 billion yuan in 2027, with a net profit increase from 32.05 billion yuan to 75.22 billion yuan[18] - Electric Power Investment's revenue is expected to increase from 298.59 billion yuan in 2024 to 371.25 billion yuan in 2027, with net profit rising from 5.34 billion yuan to 6.17 billion yuan[27] Risk Factors - Risks include unexpected policy changes, underperformance in commercialization, and slower-than-expected product development[5]