北京东方雨虹防水技术股份有限公司 关于公司控股股东部分股份解除质押的公告 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。 证券代码：002271 证券简称：东方雨虹 公告编号：2025-096 如上表所示，李卫国先生及其一致行动人李兴国先生合计持有本公司股份 495,383,505 股，占公司总股本的 20.74%，完成本次部分股份解除质押后，累计 质押所持公司股份为 212,302,198 股，占公司总股本的 8.89%，占其所持公司股 份的 42.86%。 三、其他说明 1、李卫国先生及其一致行动人李兴国先生目前不存在通过非经营性资金占 用、违规担保等侵害上市公司利益的情形。 2、李卫国先生看好公司长期发展，本次股份解除质押事项目前不存在引发 平仓的情形。在质押期间，若出现平仓风险，李卫国先生将及时通知公司进行信 息披露。 一、股东部分股份解除质押基本情况 北京东方雨虹防水技术股份有限公司（以下简称"公司"）近日接到公司控 股股东、实际控制人李卫国先生函告，获悉李卫国先生所持有本公司的部分股份 办理了解除质押手续，具体事项如下： | 股东 | 是否为控股股 ...

Core Insights - The report from Changzhou Market Supervision Administration highlights the results of the first batch of product quality supervision inspections for 2025, focusing on the quality of waterproof materials used in construction [2]. Group 1: Inspection Results - A total of 15 batches of waterproof materials were inspected, with 1 batch found to be non-compliant [2]. - The non-compliant products will be handed over to the local market supervision departments for legal processing [2]. Group 2: Specific Product Findings - The inspection included various types of waterproof materials, such as modified asphalt waterproof rolls and EVA waterproof materials, with several brands and manufacturers involved [3][4]. - Specific brands like Jiangsu Haoyue New Waterproof Materials and Dongfang Yuhong were mentioned among those with non-compliant products [3].

Market Performance - The renovation and building materials sector rose by 1.11% on October 15, with Youbang Ceiling leading the gains [1] - The Shanghai Composite Index closed at 3912.21, up 1.22%, while the Shenzhen Component Index closed at 13118.75, up 1.73% [1] Top Gainers in the Sector - Youbang Ceiling (002718) closed at 24.18, up 6.01% with a trading volume of 33,200 lots and a transaction value of approximately 77.50 million yuan [1] - Jianlang Hardware (002791) closed at 22.71, up 5.14% with a trading volume of 193,400 lots [1] - Fashilong (605318) closed at 52.86, up 4.32% with a trading volume of 59,900 lots and a transaction value of approximately 299 million yuan [1] Sector Fund Flow - The renovation and building materials sector saw a net inflow of 92.69 million yuan from institutional investors, while retail investors experienced a net outflow of 129 million yuan [2] - The sector's main funds showed a mixed trend, with some companies attracting significant net inflows while others faced outflows [3] Notable Stocks with Fund Flow - Beixin Building Materials (000786) had a net inflow of approximately 36.81 million yuan from main funds, but a net outflow of 45.10 million yuan from retail investors [3] - Jianlang Hardware (002791) attracted a net inflow of about 30.89 million yuan from main funds, with a net outflow of 33.69 million yuan from retail investors [3] - San Ke Tree (603737) saw a net inflow of 12.85 million yuan from main funds, but also faced a net outflow of 11.04 million yuan from retail investors [3]

Group 1 - Yaopi Glass has achieved a consecutive two-day limit-up in stock price [1] - Jianlang Hardware has seen an increase of over 7% in its stock price [1] - Other companies such as Huaxin Cement, Zhite New Materials, Three Gorges New Materials, and Dongfang Yuhong have also experienced stock price increases [1]

中国经济网北京10月15日讯 东方雨虹(002271.SZ)10月13日晚间发布关于控股股东、实际控制人减 持计划实施完成暨实施结果的公告。 2025年9月5日至2025年9月26日，李卫国通过集中竞价交易方式减持2,382.5237万股，减持均价为 11.81元/股；2025年8月29日至2025年10月10日，李卫国通过大宗交易方式减持2,250.3500万股，减持均 价为11.69元/股。 （责任编辑：田云绯） 2025年8月29日至2025年10月10日，李卫国合计减持4,632.8737万股。经计算，李卫国合计减持金额 合计5.44亿元。 | 股东 | 減持方式 | 减持期间 | 减持均价 | 减持价格区 | 減持股数(万 减持比 | | | --- | --- | --- | --- | --- | --- | --- | | 名称 | | | (元/股) | 间(元/股) | 股) | 例 (%) | | 李卫国 | 集中竞价 交易 | 2025年9月5日-2025 年9月26日 2025年8月29日 | 11. 81 | 11. 37-12. 79 | 2, 382. 5237 | 0. 99 ...

Summary of Key Points from the Conference Call Industry Overview - The report focuses on the **Chinese building materials industry**, particularly companies like **Oriental Yuhong**, **Beijing New Building Materials (BNBM)**, **Vasen**, and **Skshu Paint** [1][5][43][47]. Core Insights - **Market Conditions**: Underlying demand remains weak, with a year-over-year decline in new builds and secondary property transactions. However, there is no significant sequential deterioration from the previous quarter [5][12]. - **Price Stabilization**: Pricing has stabilized across most product categories, with some sectors like waterproofing and gypsum board seeing mild price restoration. A 1-2% price increase was noted in the project channel and a 3-5% increase in the retail channel for waterproofing materials [5][9]. - **Competitive Landscape**: Competition remains intense, particularly in gypsum board and plastic pipes. However, top players are becoming more price disciplined, which has led to some price restoration efforts [5][9]. Company-Specific Highlights Oriental Yuhong - **Earnings Outlook**: Anticipated positive earnings inflection in 3Q25, with expected growth in membrane volume and overall volume growth. Projected earnings growth of +5% year-over-year [9][43]. - **Market Position**: As the largest producer of waterproofing materials in China, Yuhong is well-positioned to expand market share due to cost competitiveness and strong channel capabilities [43][44]. Beijing New Building Materials (BNBM) - **Revenue and Profitability**: Expected slight decline in revenue for 3Q25, but the company is optimistic about new product expansions in waterproofing and coatings, which are expected to drive earnings growth [47]. - **Market Leadership**: BNBM is the world's largest producer of gypsum boards, benefiting from rising renovation demand [47]. Vasen - **Growth Challenges**: Despite being a leading producer of plastic piping systems, Vasen faces earnings downside risks due to the property completion downcycle and competition. The company is rated as a "Sell" due to unfavorable risk-reward dynamics [51][54]. - **Market Strategy**: Focus on expanding market share and cross-selling new products, but concerns remain about profitability and competition [51][54]. Skshu Paint - **Performance Expectations**: Expected to deliver +5% year-over-year top-line growth in 3Q25, driven by better pricing and expansion in new retail channels [9][54]. - **Market Position**: As the largest local supplier of architectural paint, Skshu Paint is in a fragmented market but faces competition from stronger brands like Nippon Paint [54]. Financial Metrics and Projections - **EPS Revisions**: Minor revisions in EPS forecasts for Vasen and BNBM, with downward revisions for Yuhong and Skshu due to impairment losses. However, 2026E-27E EPS estimates for Yuhong and Skshu have been raised due to expected pricing restoration [7][10]. - **Target Prices**: Target prices for Yuhong, BNBM, Vasen, and Skshu have been adjusted based on the latest financial metrics and market conditions [8][39][45][52]. Risks and Considerations - **General Risks**: Key risks include weaker-than-expected construction activities, unexpected increases in raw material prices, and potential impairment losses related to receivables from developers [40][46][50]. - **Company-Specific Risks**: Each company faces unique risks, such as BNBM's reliance on paper prices and Vasen's exposure to the property market downturn [46][51]. Conclusion - The Chinese building materials industry is navigating a challenging environment with weak demand and competitive pressures. However, companies like Oriental Yuhong and BNBM are positioned to leverage their market leadership and product expansions to drive future growth, while Vasen and Skshu Paint face more significant challenges in maintaining profitability amidst competition and market conditions [1][5][43][47].

Group 1 - Chengdu Dongfang Yuhong Building Materials Co., Ltd. has been established with a registered capital of 5 million yuan [2] - The company's business scope includes manufacturing and sales of building waterproofing membrane products, sales of coatings, and manufacturing of building blocks [2] - The company is wholly owned by Dongfang Yuhong [2]

Group 1 - The housing inspection sector experienced significant upward movement on October 15, with notable stock price increases [1] - China Nuclear Engineering surged to its daily limit, indicating strong investor interest and confidence [1] - Other companies in the sector, such as Guangzi International, saw stock prices rise by over 10%, reflecting a broader positive trend in the industry [1] Group 2 - Companies like Hualan Group, Shanghai JianKe, China Electric Power Research Institute, Huace Testing, and Oriental Yuhong also experienced stock price increases, suggesting a collective rally in the housing inspection sector [1]

Core Viewpoint - The construction materials sector is experiencing a rapid rise, with notable gains in specific companies such as Yao Pi Glass and Jian Lang Hardware [1] Company Performance - Yao Pi Glass has achieved a consecutive two-day limit up [1] - Jian Lang Hardware has seen an increase of over 7% [1] - Other companies in the sector, including Huanxin Cement, Zhi Te New Materials, Sanxia New Materials, and Dongfang Yuhong, are also witnessing upward movement [1]

Core Viewpoint - Chengdu Dongfang Yuhong Building Materials Co., Ltd. has been established with a registered capital of 5 million RMB, focusing on manufacturing and selling waterproofing materials and related products [1] Company Summary - The legal representative of Chengdu Dongfang Yuhong Building Materials Co., Ltd. is Zhong Sheng [1] - The company is wholly owned by Dongfang Yuhong (002271) [1] - The business scope includes manufacturing and selling waterproofing membrane products, selling coatings, and manufacturing building blocks [1]