注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 （文章来源：证券时报网） 证券时报·数据宝统计，8月1日共有9家公司公布2025年半年报，其中3家净利润同比增长，6家同比下 降，4家营业收入同比增长，5家同比下降，净利润和营业收入同时增长的公司有道道全等3家，净利润 和营业收入均下降的有翔丰华等5家，业绩增幅翻倍的公司有2家，其中道道全增幅最大，达563.15%。 （数据宝） 今日公布半年报公司一览 | 代码 | 简称 | 每股收益 | 净利润（万 | 净利润同比 | 营业收入（万 | 营业收入同比 | | --- | --- | --- | --- | --- | --- | --- | | | | （元） | 元） | （%） | 元） | （%） | | 002852 | 道道全 | 0.5300 | 18097.60 | 563.15 | 279243.96 | 1.16 | | 300641 | 正丹股 份 | 1.2000 | 63000.60 | 120.35 | 142874.46 | 3.37 | | 838262 | 太湖雪 | 0.2824 | 1898.49 | 69.7 ...

公司最新资产负债率为47.55%，较上季度资产负债率减少2.13个百分点。 公司最新毛利率为25.40%，较上季度毛利率增加1.67个百分点。最新ROE为2.48%。 公司摊薄每股收益为0.24元。 2025年8月1日，东方雨虹(002271.SZ)发布2025年中报。 公司最新总资产周转率为0.31次。最新存货周转率为5.20次，较去年同期存货周转率增加0.41次，同比 较去年同期上涨8.56%。 公司营业总收入为135.69亿元。归母净利润为5.64亿元。经营活动现金净流入为-3.96亿元，较去年同报 告期经营活动现金净流入增加9.32亿元，实现3年连续上涨。 公司股东户数为19.46万户，前十大股东持股数量为11.49亿股，占总股本比例为48.09%。 ...

Core Viewpoint - Dongfang Yuhong (002271.SZ) reported its 2025 semi-annual results, revealing significant institutional investor interest and changes in shareholding patterns [1][2]. Group 1: Institutional Investors - As of July 31, 2025, 31 institutional investors disclosed holdings in Dongfang Yuhong A-shares, totaling 605 million shares, which represents 25.33% of the company's total share capital [1]. - The top ten institutional investors collectively hold 24.41% of the shares, with a slight decrease of 0.44 percentage points compared to the previous quarter [1]. Group 2: Public Funds - In the current period, 12 public funds increased their holdings, including notable funds such as Fuqua Research Flexible Allocation Mixed A and Tianhong New Value Mixed A, with an increase rate of 0.26% [2]. - Conversely, 5 public funds reduced their holdings, with a minor decrease in shareholding percentage [2]. - Four new public funds disclosed their holdings this period, while 15 previously disclosed funds did not report again [2]. Group 3: Social Security Funds - One social security fund, the National Social Security Fund 403 Combination, reported a decrease in holdings, accounting for a reduction of 0.11% [2]. Group 4: Foreign Investment - One foreign fund, Hong Kong Central Clearing Limited, increased its holdings by 1.22%, while another, Abu Dhabi Investment Authority, saw a slight decrease [2].

Core Viewpoint - The company reported a decline in revenue and net profit for the first half of 2025, with ongoing pressure from industry demand and competition, but is optimistic about maintaining market share and improving cash flow through channel optimization and cost control [1][2]. Financial Performance - In H1 2025, the company achieved revenue of 13.569 billion yuan, a year-on-year decrease of 10.84%, and a net profit attributable to shareholders of 564 million yuan, down 40.16% [1]. - Q2 revenue was 7.614 billion yuan, a decline of 5.64% year-on-year, with net profit of 372 million yuan, down 35.72% [1]. - The company's gross margin for Q2 was 26.71%, a decrease of 2.1 percentage points year-on-year, while the gross margin for H1 was 25.4%, down 3.82 percentage points [2]. Business Segments - Revenue from waterproof materials decreased by 12.48% year-on-year, while revenue from mortar powder business fell by 6.24%. The construction revenue dropped by 32.34% year-on-year due to controlled project scale [1]. - The company is optimizing its channel structure, with retail channel revenue down 6.98% but its proportion increasing by 1.54 percentage points, and engineering channel revenue down 5.26% with a 2.76 percentage point increase in proportion [1]. International Expansion - The company reported overseas revenue of 576 million yuan, a significant increase of 42.16% year-on-year, indicating successful progress in international market development [1]. Cost Management - The company has effectively controlled expenses, with all four expense ratios declining year-on-year, particularly a notable decrease in sales expense ratio [2]. - Credit impairment losses increased to 430 million yuan, impacting profit performance [2]. Cash Flow - Operating cash flow improved, with a net cash flow from operating activities of -396 million yuan in H1 2025, compared to -1.328 billion yuan in the same period last year [2]. - The company has focused on enhancing collection efforts, resulting in a significant reduction in accounts receivable and other receivables [2]. Growth Outlook - The company is adjusting its profit forecasts for 2025-2027, with net profit estimates revised to 1.495 billion yuan, 2.006 billion yuan, and 2.356 billion yuan respectively, reflecting market demand and competitive pressures [3]. - The company maintains a "buy" rating, anticipating that structural adjustments will yield positive results and that international acquisitions will create new growth opportunities [3].

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company's mid-term performance is under pressure, with a notable decline in revenue and net profit in the first half of 2025. However, the company is accelerating its overseas acquisition strategy to enhance its international presence [1][7] - The company reported a revenue of 13.569 billion yuan in the first half of 2025, a year-on-year decrease of 10.84%, and a net profit of 564 million yuan, down 40.16% year-on-year [7] - The company is optimizing its channel structure, with significant growth in overseas revenue, which increased by 42.16% year-on-year to 576 million yuan [7] - The company is focusing on cost control, with a decrease in various expense ratios, and has shown improvement in operating cash flow [7] Financial Performance Summary - Total revenue forecast for 2023A is 32.823 billion yuan, with a projected decline to 27.228 billion yuan in 2025E, followed by a gradual increase to 30.912 billion yuan by 2027E [1][8] - The net profit attributable to the parent company is expected to drop significantly to 108 million yuan in 2024A, before rebounding to 1.495 billion yuan in 2025E and reaching 2.356 billion yuan by 2027E [1][8] - The latest diluted EPS is projected to be 0.05 yuan in 2024A, increasing to 0.99 yuan by 2027E [1][8] - The company’s P/E ratio is expected to be 265.65 in 2024A, decreasing to 12.20 by 2027E, indicating a potential recovery in profitability [1][8]

Core Viewpoint The company emphasizes a strategy of high-quality and steady development, focusing on risk management and enhancing operational quality while expanding its business into various sectors within the construction materials industry. Group 1: Company Overview - The company is committed to high-quality and steady development, prioritizing risk management and operational quality enhancement [2][11] - The company has diversified its business into multiple sectors, including waterproofing, civil building materials, mortar powder, building coatings, energy conservation, adhesives, piping, building renovation, new energy, non-woven fabrics, special films, and emulsions [11][29] Group 2: Financial Performance - For the first half of 2025, the company achieved a net profit attributable to shareholders of 564.44 million yuan, with a total distributable profit of 8.73 billion yuan [32][33] - The profit distribution plan includes a cash dividend of 9.25 yuan per 10 shares, totaling approximately 2.21 billion yuan [33][36] Group 3: Business Strategy - The company focuses on consolidating its waterproofing business while actively exploring new growth areas in infrastructure construction, public services, and renovation projects [3][23] - The company aims to leverage its existing customer resources and sales channels to rapidly develop non-waterproof businesses, providing comprehensive building material system solutions [3][4] Group 4: Market Position and Industry Context - The company is positioned as a leading player in the construction materials industry, particularly in the waterproofing segment, which is essential for modern construction [29][30] - The domestic waterproofing industry is characterized by low concentration and high fragmentation, with many small enterprises, while the company has established itself as a competitive and growing leader in the market [30] Group 5: Sales and Distribution Channels - The company has developed a multi-layered marketing channel network combining direct sales and channel models, with a focus on engineering and retail channels [27][28] - The engineering channel accounted for 84.06% of the company's revenue, highlighting the importance of this sales model [6] Group 6: International Expansion - The company is accelerating its international business layout, establishing overseas companies and enhancing its global supply chain [4][8] - Significant progress has been made in constructing overseas production bases, including projects in Houston, Saudi Arabia, and Malaysia, aimed at optimizing international operations and enhancing service capabilities [9][26]

Group 1 - The stock price of Dongfang Yuhong closed at 12.03 yuan on July 31, down 0.48 yuan, a decrease of 3.84% from the previous trading day [1] - The trading volume on that day was 598,454 hands, with a transaction amount of 7.25 billion yuan [1] - Dongfang Yuhong operates in the construction materials sector, specializing in the research, production, sales of waterproof materials, and waterproof engineering construction [1] Group 2 - The company reported a revenue of 13.569 billion yuan for the first half of 2025, a year-on-year decrease of 10.84% [1] - The net profit attributable to shareholders was 564 million yuan, down 40.16% year-on-year [1] - The company announced a cash dividend of 9.25 yuan for every 10 shares to all shareholders [1] Group 3 - The wholly-owned subsidiary of the company plans to acquire 100% equity of Chilean company Construmart S.A. for 123 million USD [1] - On July 31, the net outflow of main funds for Dongfang Yuhong was 62.7058 million yuan [2]

证券代码：002271 证券简称：东方雨虹 公告编号：2025-065 北京东方雨虹防水技术股份有限公司 第八届董事会第三十一次会议决议公告 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。 第八届董事会第三十一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7月21日通过专人送达、邮件等方式送达给全体董事和监事。 会议应到董事11人，实到董事11人，全体监事、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《2025 年半年度报告及其摘要》 表决结果：同意11票，反对0票，弃权0票。 公司《2025年半年度报告全文》详见中国证监会指定信息披露网站巨潮资讯 网(http://www.cninfo.com.cn)，公司《2025年半年度报告摘要》详见公司指定 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)。 此议案已经董事会审计委员会审议通过。公司监事会对此议案发表了审核 ...

Core Viewpoint - Beijing Oriental Yuhong Waterproof Technology Co., Ltd. reported a decline in revenue and net profit for the first half of 2025, indicating challenges in the market while emphasizing a strategic focus on high-quality and sustainable development in the construction materials sector [1][4]. Financial Performance - The company's operating revenue for the reporting period was approximately 13.57 billion yuan, a decrease of 10.84% compared to the same period last year [1][3]. - The net profit attributable to shareholders was approximately 564.44 million yuan, down 40.16% year-on-year [1][3]. - The net cash flow from operating activities was negative at approximately -395.91 million yuan, an improvement of 70.18% compared to the previous year [1][3]. - Basic earnings per share were 0.24 yuan, a decrease of 38.46% from the previous year [1][3]. Business Strategy - The company aims to consolidate its waterproofing core business while actively expanding into infrastructure construction, public services, and residential building materials [5][6]. - It focuses on enhancing its product offerings and upgrading its product system to meet diverse market demands [5][6]. - The company is leveraging its existing customer resources and sales channels to accelerate the development of non-waterproof businesses, establishing a dual-main business model [5][6]. Market Development - The company achieved a revenue of 11.41 billion yuan from engineering and retail channels, accounting for 84.06% of total revenue, indicating a strong reliance on these sales models [6][7]. - Retail business revenue reached approximately 5.06 billion yuan, representing 37.28% of total revenue, showing a gradual increase in retail's contribution [7][11]. International Expansion - The company is actively pursuing international market opportunities, establishing overseas production bases and enhancing its global supply chain [9][22]. - Projects in Houston, Saudi Arabia, and Malaysia are underway to support the company's international growth strategy [9][22]. - Recent acquisitions in Hong Kong and Chile aim to strengthen the company's retail channels and enhance its global brand recognition [10][22]. Product Innovation - The company has introduced new products that meet high environmental standards and cater to various consumer needs, including waterproofing materials and construction coatings [15][18]. - The focus on technological innovation has led to the development of products with advanced features such as antibacterial properties and quick-drying capabilities [15][16]. Corporate Vision - The company emphasizes a commitment to high-quality and sustainable development, aiming to create a safe and lasting environment for society [12][11]. - It seeks to enhance its market position by integrating various business segments and improving operational efficiency through digital tools and training [19][20].

关于 2025 年半年度利润分配预案的公告 证券代码：002271 证券简称：东方雨虹 公告编号：2025-068 北京东方雨虹防水技术股份有限公司 公司在高质量稳健发展的同时，与全体股东共享公司经营发展成果，本次现 金分红方案，是根据《国务院关于加强监管防范风险推动资本市场高质量发展的 若干意见》、《上市公司监管指引第3号——上市公司现金分红》、《公司章程》 等相关规定，为深入贯彻现金分红的稳定性、持续性和可预期性理念，在广泛听 取市场意见的基础上，积极响应一年多次分红、增加分红频次的政策导向，进一 步优化分红节奏，提高公司长期投资价值，增强投资者的获得感，同时结合公司 发展阶段、经营情况和自身资金计划安排等实际情况而制定。 最近三个会计年度（2022年-2024年）及最近一期（2025年半年度）公司资 产负债率分别为46.22%、43.90%、43.39%、47.55%。目前，渠道销售模式已成为 公司主要的销售模式，且零售渠道业务占比逐步提升，经营净现金流持续改善， 资产负债率长期处于较低水平，短期偿债能力维持在相对合理水平，长期偿债压 力较小，财务较为稳健。该方案的实施不会对公司的偿债能力产生不利影响， ...