证券日报网讯12月1日，东方雨虹（002271）在互动平台回答投资者提问时表示，首先，公司在全国各 地拥有广泛合理的产能布局和多层次的市场营销渠道网络，在京津冀地区设有研发总部基地、生产物流 基地及分子公司。其次，公司自成立以来，持续为国内外重大基础设施建设、工业建筑和民用、商用建 筑等提供高品质、完备的建筑建材系统解决方案，其中也积极参与北京大兴国际机场、京津城际、京津 冀地区城中村改造等众多项目，同时，公司近期还中标了京津冀城际铁路投资有限公司采购项目。此 外，在人才培养方面，由北京市顺义区东方雨虹职业技能培训学校创建的"京虹无忧堵漏师"劳务品牌， 依托东方雨虹专业技术、产业技术及资源优势，推动行业标准化与京津冀建筑修缮产业升级，为区域经 济发展注入新动能。 ...

Core Viewpoint - The company, Dongfang Yuhong (002271), has successfully applied its products and system services across various sectors, including housing construction, transportation infrastructure, and water conservancy projects, demonstrating its broad market reach and innovation capabilities [1] Group 1: Applications and Sectors - The company's products and services are widely used in housing construction, high-speed rail, subways, urban rail, highways, urban bridges, airports, and water conservancy facilities [1] - Key projects include the national priority water conservancy and hydropower project, such as the Jurong pumped storage power station [1] Group 2: Innovation and Technology - The company has launched an innovative ultra-wide TPO waterproof membrane product, featuring a width of 6 meters and a length of 100 meters, addressing the challenges of high water pressure and large deformation in pumped storage power stations [1]

Core Viewpoint - As of November 20, 2025, the total number of shareholders for Dongfang Yuhong is reported to be 152,544 [2] Company Summary - Dongfang Yuhong has engaged with investors through an interactive platform, providing transparency regarding its shareholder count [2]

Group 1 - The core viewpoint highlights the increasing pressure in the construction materials industry, with a focus on the expected rise in real estate policies and the potential for quality leading companies in consumer building materials to gain value [2][3] - The industry is experiencing a significant downward trend, with expectations for policy tools aimed at reducing housing burdens, such as interest subsidies or tax deductions, to support housing demand [2][3] - Key companies recommended for investment include Sanhe Tree, Rabbit Baby, and Weixing New Materials, which are seen as having bottom value and potential to benefit from policy changes [2][3] Group 2 - Cement prices have slightly decreased, with demand in southern regions recovering while northern regions face weakened demand due to cold weather [3] - The national cement enterprise shipment rate is approximately 45.5%, reflecting a month-on-month decline of about 0.4 percentage points [3] - In the glass market, prices are trending downward, with an increase in inventory levels, indicating ongoing pressure on production and sales [4] Group 3 - The focus on African supply chains includes recommendations for Huaxin Cement and Keda Manufacturing, which are expected to benefit from overseas performance and domestic market recovery [5] - The stock chain is highlighted for its potential recovery, with leading companies in consumer building materials expected to see demand restoration and structural optimization [5] - Special electronic fabrics are noted for their growth potential due to high demand and supply barriers, with companies like Zhongcai Technology positioned to benefit from domestic substitution [5][6]

Core Viewpoint - The company, Oriental Yuhong, announced that its subsidiary has received a total of 4,972,503.00 yuan in government subsidies through seven grants [1] Group 1 - The announcement was made on the evening of November 28 [1] - The total amount of government subsidies received is approximately 4.97 million yuan [1] - The subsidies were awarded in the form of seven separate grants [1]

格隆汇11月28日丨东方雨虹(002271.SZ)公布，今日获悉，公司下属子公司获得7笔政府补助合计金额 4,972,503.00元。自公司最近一次披露《关于获得政府补助的公告》（公告编号：2025-092）至今，公 司及下属子公司近期累计获得67笔政府补助，以上政府补助累计对公司2025年度利润总额的影响金额为 11,611,658.46元人民币，占公司2024年度经审计的归属于上市公司股东净利润10.73%。 ...

Group 1 - The company, Oriental Yuhong, announced that its subsidiary received a total of approximately 4.97 million yuan in government subsidies [1] - For the first half of 2025, the revenue composition of Oriental Yuhong is as follows: waterproof material sales account for 69.71%, mortar powder accounts for 14.71%, other products account for 8.39%, waterproof engineering construction accounts for 6.26%, and other businesses account for 0.94% [1] - As of the report, Oriental Yuhong has a market capitalization of 29.9 billion yuan [1]

证券代码：002271 证券简称：东方雨虹 公告编号：2025-124 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 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"）今日获悉，公司 下属子公司获得 7 笔政府补助合计金额 4,972,503.00 元。自公司最近一次披露 《关于获得政府补助的公告》（公告编号：2025-092）至今，公司及下属子公司 近期累计获得 67 笔政府补助，以上政府补助累计对公司 2025 年度利润总额的影 响金额为 11,611,658.46 元人民币，占公司 2024 年度经审计的归属于上市公司 股东净利润 10.73%。具体明细如下： 1 序号 获得补助的主体 补助获得时间 补助金额（元） 1 山东东方雨虹建材科技有限公司 2025/9/25 23,811.78 2 济南东方雨虹建筑材料有限公司 2025/9/25 16,804.96 3 蚌埠东方雨虹砂粉科技有限公司 2025/9/26 2,428.99 4 东方雨虹砂粉科技集团有限公司 20 ...

Investment Rating - The report maintains a "Positive" investment rating for the building materials industry [12]. Core Viewpoints - The report highlights an increase in expectations regarding real estate policies, suggesting a focus on high-quality consumer building materials leaders. The industry is experiencing intensified downward pressure, but the anticipated policy tools aim to reduce housing burdens, which could support residential demand [6][9]. - The report recommends focusing on quality leaders in consumer building materials, such as SanKeTree, TuBaoBao, and WeiXing New Materials, as they possess bottom value and are expected to benefit from policy changes and operational turning points [6][9]. - The report notes a slight decline in cement prices and a shift in glass inventory from decrease to increase, indicating ongoing challenges in the market [7][8]. Summary by Sections Basic Situation - Cement prices have slightly decreased, with a national average of 355.65 yuan/ton, down 1.45 yuan/ton week-on-week and down 76.77 yuan/ton year-on-year. The cement output rate is approximately 45.5%, reflecting a 0.4 percentage point decrease [24][32]. - The glass market is operating weakly, with a national average price of 61.55 yuan per weight box, down 1.84 yuan per weight box week-on-week and down 15.22 yuan year-on-year. The inventory of glass has increased, indicating pressure on the market [38][40]. Recommendations - The report continues to recommend investments in the African supply chain and existing supply chain leaders, highlighting companies like Huaxin Cement and Keda Manufacturing as key players benefiting from demand recovery and structural optimization [9]. - It emphasizes the importance of focusing on quality leaders in the consumer building materials sector, particularly those with strong business models and growth potential, such as SanKeTree and TuBaoBao [9]. Market Trends - The report indicates that the downward slope of the industry is increasing, with a focus on the expected rise in real estate policies. The core reasons for the pressure on housing prices in major cities are linked to income and inflation expectations, as well as the rental-to-sale ratio being inverted with mortgage rates [6][9].

Core Viewpoint - The company is strategically selling domestic assets to improve cash flow while simultaneously acquiring a stake in a Brazilian company to expand its international market presence, indicating a dual approach to navigate industry challenges and seek growth opportunities [1][4][8]. Asset Disposal - The company has decisively sold multiple properties in Beijing and Hangzhou, expecting an asset disposal loss of 25.81 million yuan, with the properties originally valued at 52.39 million yuan sold for only 18.49 million yuan, reflecting a significant depreciation in value [3][5]. - The asset disposal is aimed at revitalizing assets, improving financial conditions, and enhancing operational efficiency amid a slowing market [3][5]. International Expansion - The company plans to invest approximately 1.08 billion Brazilian reais (about 144 million yuan) to acquire 60% of Novakem, a Brazilian chemical company, as part of its strategy to tap into emerging market infrastructure demands [1][4]. - This acquisition is part of a broader strategy to build a global industrial ecosystem, with previous investments including a 1.23 billion USD acquisition of a Chilean retailer [4][7]. Market Conditions - The domestic waterproof materials market is experiencing a downturn, with a projected 16.8% decline in total production for 2024 compared to previous years, leading to increased competition and reduced profit margins [5][6]. - The company's gross margin has decreased from 30.53% in 2021 to 25.80% in 2024, reflecting the challenging market environment [5]. Revenue Trends - Despite domestic revenue challenges, the company's international revenue has shown consistent growth, with figures rising from 356 million yuan in 2021 to 877 million yuan in 2024, indicating a strategic shift towards international markets [7][8]. - The proportion of international revenue in total revenue has increased from 1.12% to 3.12% over the same period, highlighting the growing importance of overseas markets [7]. Channel Strategy - The company is shifting its domestic sales strategy from a focus on large real estate clients to a more diversified approach that emphasizes retail and engineering channels, with retail and engineering channel revenues now accounting for 84.06% of total income [9]. - The new channel strategy includes enhancing partner capabilities and improving service quality for end customers, indicating a focus on long-term growth and market adaptation [9].