ORIENTAL YUHONG(SZ:002271) Zhong Guo Zhi Liang Xin Wen Wang·2026-01-04 06:53Core Insights - The company, Oriental Yuhong, reported impressive performance with a total annual production of mortar powder exceeding 12 million tons by the end of 2025, marking a significant 50% increase compared to 2024, showcasing strong growth momentum and market potential [1] - Over the past five years, the mortar powder segment has achieved over 30 times growth, with a compound annual growth rate of nearly 100%, breaking records in the building materials sub-sector despite overall industry pressures [3] - The company has strategically integrated its supply chain by expanding into upstream sand mining since 2017, establishing a closed-loop industrial chain that ensures stable raw material supply for its production capacity [5] Production and Revenue - In the first three quarters of 2025, the mortar powder segment's production and sales exceeded 8 million tons, continuing its rapid growth trend; the segment generated revenue of 1.996 billion yuan in the first half of the year, accounting for 14.71% of the company's total revenue, making it the second-largest business segment [3][5] - The company has increased its own mining operations from 1 to 4 mines by 2025, creating a diverse supply system of natural materials that extends to various industrial applications [5] Strategic Developments - In 2025, Oriental Yuhong established a new technology group for paint and powder, launching integrated solutions that streamline services from demand to end-market, enhancing cost control, technical response, delivery efficiency, and service quality [7] - The company is focusing on the specialty mortar field, expanding its product lines to include stone/sand aggregates, premium sands, and calcium-based powders, thereby enhancing its non-waterproof business matrix [8] Product Innovation - The company unveiled ten core product systems in 2025, covering a wide range of construction materials and smart solutions, addressing diverse needs in the building decoration and engineering sectors [10] - The rise of the mortar powder business reflects not only numerical growth in capacity and revenue but also the company's strategic foresight, execution capabilities, and innovation [10] Future Outlook - Looking ahead to 2026 and beyond, the mortar powder business is expected to continue playing a strategic role, driven by the proliferation of green building materials, deepening digital production, and ongoing market development [10]