Core Insights - The company reported a revenue of 5.955 billion and a net profit of 172 million for Q1, indicating proactive adjustments during the industry downturn, with improved cash flow driven by an increased retail business share and a reduction in engineering direct sales [1] - The strategic shift towards becoming a building materials ecosystem builder is highlighted by the establishment of a digital technology base and partnerships aimed at enhancing digital transformation and innovation in the construction sector [3][4] Group 1: Strategic Initiatives - The launch of the "Yuhong Home" service brand focuses on providing comprehensive solutions for residential construction and renovation needs, creating a digital service loop of online booking, offline construction, and quality tracking [3] - The establishment of a joint laboratory with Zhanjiang Bay Laboratory aims to address marine engineering challenges, promoting research and application of new anti-corrosion materials for marine environments [3] Group 2: Global Expansion - The company is accelerating its global strategy with the opening of a production base in Malaysia and the commencement of construction in Canada and the Middle East, creating a network that spans Southeast Asia, the Middle East, and North America [5] - Significant breakthroughs in overseas markets were achieved, including participation in major international exhibitions and partnerships to establish a distribution network in Southeast Asia [5] Group 3: Business Resilience - The company is leveraging a combination of retail expansion, technological empowerment, and global layout to create new growth opportunities amidst the ongoing industry challenges [5] - Key areas for investors to monitor include the pace of C-end service growth, the ramp-up of powder business capacity, overseas production progress, and improvements in accounts receivable turnover [5]

证券代码：002271 证券简称：东方雨虹 公告编号：2025-051 北京东方雨虹防水技术股份有限公司 关于 2025 年第一季度计提资产减值准备的公告 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。 北京东方雨虹防水技术股份有限公司（以下简称"公司"）于2025年4月28 日召开第八届董事会第三十次会议和第八届监事会第十八次会议，审议通过了 《关于2025年第一季度计提资产减值准备的议案》，本次计提资产减值准备事项 无需提交股东大会审议。具体情况如下： 一、计提资产减值准备情况概述 为真实、公允地反映公司财务状况与2025年第一季度的经营成果，依据《企 业会计准则》、《深圳证券交易所股票上市规则》及公司会计政策的相关规定， 基于谨慎性原则，公司对合并报表范围内截至2025年3月31日的各类资产进行了 全面清查，对相关资产价值出现的减值迹象进行了充分分析和评估，经减值测试， 从谨慎性角度出发，公司需计提相关资产减值准备。2025年第一季度公司计提资 产减值准备总额为14,705.45万元。具体情况如下： | 项目 | 2025 年第一季度发生金额（万元） | ...

证券代码：002271 证券简称：东方雨虹 公告编号：2025-049 北京东方雨虹防水技术股份有限公司 表决结果：同意3票，反对0票，弃权0票。 监事会认为，本次计提资产减值准备是基于谨慎性原则而做出，符合《企业 会计准则》等相关规定及公司资产实际情况，计提后能更加公允地反映公司截至 2025年3月31日资产状况，同意本次2025年第一季度计提资产减值准备。 具体情况详见2025年4月29日刊登于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）上的《关于2025 年第一季度计提资产减值准备的公告》。 第八届监事会第十八次会议决议公告 本公司及监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4月28日，北京东方雨虹防水技术股份有限公司（以下简称"公司"） 第八届监事会第十八次会议在公司会议室以现场会议的方式召开。会议通知已于 2025年4月26日通过专人送达、邮件等方式送达给全体监事。会议应到监事3人， 实到监事3人，会议的召集召开符合《公司法》及《公司章程》的相关规定。会 议由监事会主席王静 ...

证券代码：002271 证券简称：东方雨虹 公告编号：2025-048 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次会议决议公告 二、审议通过了《关于 2025 年第一季度计提资产减值准备的议案》 表决结果：同意11票，反对0票，弃权0票。 根据《企业会计准则》等相关规定，公司在资产负债表日对截至 2025 年 3 月 31 日的公司各类资产进行了全面清查，对相关资产价值出现的减值迹象进行 了充分分析和评估，经减值测试，从谨慎性角度出发，公司需计提相关资产减值 准备。公司本次计提资产减值准备是基于谨慎性原则而做出，符合《企业会计准 则》等相关规定及公司资产实际情况，能够更加公允地反映公司的财务状况以及 经营成果，具备合理性，不会对公司的正常经营产生重大影响。 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4月28日，北京东方雨虹防水技术股份有限公司（以下简称"公司"） 第八届董事会第三十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4月26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 ...

北京观韬律师事务所关于 北京东方雨虹防水技术股份有限公司 2021 年股票期权激励计划注销已获授但尚未行权的股票期权的 法律意见书 观意字（2025）第BJ000973号 观韬律师事务所 GuantaoLawFirm 北京市西城区金融大街 5 号新盛大厦 B 座 19 层邮编：100032 电话：861066578066 传真：861066578016 E-mail：guantao@guantao.com http：//www.guantao.com 北京观韬律师事务所 法律意见书 北京观韬律师事务所 关于北京东方雨虹防水技术股份有限公司 2021 年股票期权激励计划 注销已获授但尚未行权的股票期权的 法律意见书 观意字（2025）第BJ000973号 致：北京东方雨虹防水技术股份有限公司 北京观韬律师事务所接受北京东方雨虹防水技术股份有限公司的委托，根据 《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证 券法》（以下简称"《证券法》"）、《上市公司股权激励管理办法》（以下简 称"《管理办法》"）、《律师事务所从事证券法律业务管理办法》《律师事务 所证券法律业务执业规则》（试行）等有关法 ...

证券代码：002271 证券简称：东方雨虹 公告编号：2025-052 北京东方雨虹防水技术股份有限公司 关于注销 2021 年股票期权激励计划已不符合行权条件的激 励对象已获授但尚未行权的股票期权的公告 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。 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"） 于2025年4月28日分别召开第八届董事会第三十次会议和第八届监事会第十八次 会议，审议通过了《关于注销2021年股票期权激励计划已不符合行权条件的激励 对象已获授但尚未行权的股票期权的议案》，现将相关事项公告如下： 一、2021 年股票期权激励计划简述及已履行的相关审批程序 1、公司于 2021 年 3 月 26 日分别召开第七届董事会第三十次会议和第七届 监事会第十六次会议，审议并通过了《北京东方雨虹防水技术股份有限公司 2021 年股票期权激励计划（草案）》（以下简称《2021 年股票期权激励计划》）及其 摘要等议案。本激励计划所采用的激励工具为股票期权，股票来源为公司向激励 对象定向发行 A 股普通股股票；本计划拟向激励对象授予 5,2 ...

Financial Performance - The company's revenue for Q1 2025 was ¥5,954,973,095.50, a decrease of 16.71% compared to ¥7,149,293,164.43 in the same period last year[5] - Net profit attributable to shareholders was ¥192,365,878.40, down 44.68% from ¥347,722,453.72 year-on-year[5] - Basic and diluted earnings per share decreased by 42.86% to ¥0.08 from ¥0.14 in the same period last year[5] - The company reported a decrease in net profit of 47.92% due to lower market demand and intensified industry competition, leading to reduced revenue and gross margin[9] - Net profit for the period was CNY 177,919,580.95, a decline of 47.9% from CNY 341,609,350.33 in the same period last year[26] - The total comprehensive income for the period was CNY 179,617,210.06, down from CNY 344,196,299.01 in the same period last year[26] Cash Flow and Financing - The net cash flow from operating activities improved by 56.98%, reaching -¥812,784,159.95 compared to -¥1,889,121,570.11 in the previous year[5] - The net cash flow from financing activities increased by 157.01% to ¥934,285,313.82, attributed to net increases in external financing[9] - Total cash inflow from financing activities increased to 4,891,478,051.12 compared to 2,435,165,413.00 in the prior period[28] - The company reported a net cash outflow from operating activities of 6,551,123,524.90, down from 9,331,191,726.16 in the previous period[27] Assets and Liabilities - Total assets increased by 1.14% to ¥45,223,777,457.08 from ¥44,715,448,811.80 at the end of the previous year[5] - Total liabilities rose to CNY 22,467,202,255.84, up from CNY 19,401,434,047.07[23] - The company's equity attributable to shareholders decreased by 10.11% to ¥22,412,268,596.07 from ¥24,934,259,584.77 at the end of the previous year[5] Operational Costs and Expenses - Total operating costs decreased to CNY 5,610,549,712.37, down 14.3% from CNY 6,548,229,326.83[25] - Management expenses decreased by 34.08% to ¥361,521,682.02, primarily due to reductions in employee compensation and consulting fees[9] - Research and development expenses were CNY 98,542,511.48, down 21.9% from CNY 126,125,594.35[25] - The company reported a decrease in sales expenses to CNY 540,093,126.95, down 28.2% from CNY 752,826,027.02[25] Share Repurchase - The total amount used for share repurchase has exceeded the lower limit of RMB 500 million and is within the upper limit of RMB 1 billion[14] - The company repurchased a total of 47,615,662 shares, accounting for 1.9544% of the total share capital, with a total transaction amount of RMB 599,909,104[15] - The company plans to use its own or raised funds to repurchase shares through centralized bidding, with a maximum repurchase price set at RMB 19.30 per share[14] - The company has completed the cancellation of the repurchased shares during the reporting period[15] Inventory and Receivables - Accounts receivable increased from RMB 7,340,825,504.11 to RMB 8,371,126,000.27, representing an increase of about 14.06%[21] - Inventory rose from RMB 1,827,338,699.07 to RMB 1,990,768,315.05, indicating an increase of approximately 8.93%[21] - The company's total current assets decreased from RMB 24,342,835,711.42 to RMB 23,885,502,934.34, a decline of about 1.88%[21] Other Financial Metrics - The company's cash and cash equivalents decreased from RMB 7,259,285,510.48 to RMB 6,908,787,754.57, a decline of approximately 4.82%[21] - The company's long-term equity investments slightly decreased from RMB 84,996,902.85 to RMB 83,524,290.07, a decline of about 1.73%[21] - The company’s intangible assets decreased from RMB 2,368,597,015.47 to RMB 2,244,158,804.89, representing a decrease of approximately 5.23%[21] - Other comprehensive income for the period was CNY 14,748,133.69, compared to CNY 12,883,396.81 in the previous period[23] Market and Product Development - The company did not report any significant new product developments or market expansions during the call[29]

Core Viewpoint - The "Skilled Craftsman, Rainbow China" competition organized by Oriental Yuhong has evolved into a significant event showcasing Chinese craftsmanship and promoting industry standards, with the 2025 edition marking its thirteenth iteration [3][4]. Group 1: Event Overview - The competition has grown from a small-scale skill contest to a large-scale event with thousands of craftsmen participating, highlighting the spirit of Chinese artisans [3][4]. - The 2025 competition features a dual-city format, taking place in Shangrao, Jiangxi, and Bozhou, Anhui, officially launching the event [3][4]. Group 2: Competition Structure and Categories - This year's competition introduces two new professional tracks: waterproof construction and wall auxiliary construction, expanding the competition to five categories: waterproof, small brick, beautification, wall auxiliary, and large slab [4][5]. - The competition aims to align with the service delivery standards of the "Yuhong" brand, promoting learning and production through competitive events [4][5]. Group 3: Industry Impact and Development - The competition has been instrumental in promoting the standardization, professionalization, and greening of the industry over the past thirteen years [7]. - Oriental Yuhong emphasizes the importance of worker development through a comprehensive training ecosystem, having trained over 800,000 technical workers through its Rain Rainbow Academy [7]. - The company aims to enhance the quality of service delivery and build trust with consumers by integrating products and services, addressing common consumer challenges [5][7]. Group 4: Future Aspirations - Oriental Yuhong is committed to the sustainable development of the industry, aiming to cultivate skilled craftsmen who can contribute to their families and the industry, while showcasing Chinese craftsmanship on a global stage [7][8].

Investment Rating - The report indicates a positive outlook for the real estate sector, emphasizing its role in boosting domestic demand and stabilizing the market [1][12]. Core Insights - The real estate market is transitioning back to its residential function, with significant declines in new home sales and construction activities projected for 2022-2024 [1][12]. - The implementation of new policies on May 17, 2024, aims to support the real estate market, including adjustments to loan rates and down payment requirements [1][12]. - Infrastructure projects are also highlighted as key drivers of domestic demand, particularly in regions like Xinjiang and Guangxi, with significant investments underway [2][13]. - The "Belt and Road" initiative remains a focal point for international expansion, with ongoing collaborations between China and Vietnam to enhance infrastructure connectivity [2][13]. Summary by Sections Weekly Discussion - The report discusses the importance of real estate in stimulating domestic demand, noting a shift towards residential needs and a significant drop in key market indicators [1][12]. - It highlights the recent government meetings aimed at stabilizing the real estate market and the potential impact of new policies on housing loans [1][12]. Cyclical Linkage - Cement prices have shown a year-on-year increase, with the national average price at 395 RMB/t, while glass prices have also seen slight increases [3][14]. - The report notes a stable demand for aluminum and steel, with expectations for continued high supply levels [3][14]. National Subsidy Tracking - Various regions have successfully implemented consumer subsidies, such as Shanghai's 1.8 billion RMB for home appliance upgrades, significantly boosting sales [4][15]. - The report suggests focusing on companies related to subsidized products in the construction materials sector [4][15]. Important Developments - The report mentions the strengthening of the strategic partnership between China and Vietnam, along with significant stock purchases by major shareholders in various companies [5][16]. - It emphasizes the government's commitment to stabilizing the stock market and supporting the real estate sector [5][16]. Market Performance (April 14-18) - The construction materials index experienced a slight decline, with specific segments like refractory materials and pipes performing better than others [17]. Construction Material Price Changes - Cement prices have slightly decreased in certain regions, while glass prices have shown minor increases, indicating a mixed market response [29][39]. - The report provides detailed statistics on the pricing trends and inventory levels for various construction materials [29][39].

登录新浪财经APP 搜索【信披】查看更多考评等级 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。 1、北京东方雨虹防水技术股份有限公司（以下简称"公司"或"保证人"）与中国民生银行股份有限公司 青岛分行（以下简称"民生银行青岛分行"）签署《最高额保证合同》，公司为民生银行青岛分行与公司 全资子公司青岛东方雨虹建筑材料有限公司（以下简称"青岛东方雨虹"）之间主合同项下发生的一系列 债务提供连带责任保证，保证期间为债务履行期限届满日起三年。前述担保的最高债权本金额为人民币 15,000万元。 2、公司与中国建设银行股份有限公司建德支行（以下简称"建设银行建德支行"）签署《本金最高额保 证合同》，公司为建设银行建德支行与公司全资子公司杭州东方雨虹建筑材料有限公司（以下简称"杭 州东方雨虹"）之间主合同项下的一系列债务提供连带责任保证。保证期间为自单笔授信业务的主合同 签订之日起至债务人在该主合同项下的债务履行期限届满日后三年止。前述担保的最高债权本金余额为 人民币10,000万元。 3、公司向招商银行股份有限公司唐山分行（以下简称"招商银行唐山分行"）签署《最高额不 ...