Ge Long Hui A P P·2025-08-01 08:11Core Viewpoint - Dongfang Yuhong's mid-term performance is under pressure, but the company is accelerating its overseas acquisition strategy and international layout to create new growth opportunities [1] Group 1: Company Performance - The company is facing industry demand and internal competition pressures, prompting it to optimize its channel structure and operational quality through organizational adjustments [1] - The company's waterproof main business market share continues to increase, with growth potential in non-housing segments, non-waterproof businesses, and overseas market expansion [1] Group 2: Strategic Initiatives - Recently, the company announced the acquisition of a leading Chilean building materials retail supermarket, which aims to establish an international building materials retail channel through overseas mergers and acquisitions [1] - The overseas expansion strategy is expected to create a new growth curve for the company [1] Group 3: Financial Forecast - Due to market demand and price competition pressures, the company's net profit forecast for 2025-2027 has been adjusted to 1.495 billion, 2.006 billion, and 2.356 billion yuan, respectively, down from previous estimates of 1.625 billion, 2.482 billion, and 3.107 billion yuan [1] - The corresponding price-to-earnings ratios are projected to be 19.2X, 14.3X, and 12.2X for the respective years [1] - The company maintains a "buy" rating, considering that the effects of business structure adjustments are beginning to show [1]