ORIENTAL YUHONG(SZ:002271) Di Yi Cai Jing·2025-12-24 09:52Core Viewpoint - Oriental Yuhong, a leading company in the construction waterproofing materials industry, has encountered a telecom fraud incident involving its wholly-owned subsidiary in the U.S., resulting in a loss of approximately $1.7183 million (about 12.118 million RMB) [1][7]. Group 1: Incident Details - The fraud occurred when OYH Construction Materials LLC was tricked into making a payment to a fraudulent account after the email of the general contractor was hacked and impersonated [1][7]. - The company has reported the incident to local law enforcement and the FBI, and is cooperating fully to mitigate losses [1][7]. Group 2: Financial Impact - The amount lost in the fraud represents about 11% of Oriental Yuhong's net profit for the previous year, which was 108 million RMB [2][8]. - The company has stated that this incident is an isolated occurrence and will not significantly impact its normal operations [2][8]. Group 3: Strategic Initiatives - Oriental Yuhong is actively pursuing an "overseas priority" strategy, aiming to explore new growth opportunities through international expansion [2][8]. - The company has been establishing overseas subsidiaries and offices, with significant projects including a production and R&D logistics base in Houston, Texas, aimed at meeting the demand for TPO waterproofing materials in North America and globally [2][8]. Group 4: Domestic Asset Management - In addition to its overseas expansion, Oriental Yuhong is also managing its domestic real estate assets by selling properties, including commercial real estate in Beijing [4][9]. - The company has listed multiple properties for sale, indicating a strategic move to optimize its asset portfolio while facing challenges in its overseas operations [4][9].