25J950国标图集的诞生，是权威机构与行业力量的强强联合之作。由中国建筑标准设计研究院与中国建筑防水协会共同主编，携手核心规范主编人及行业 优秀企业共同编制审查，双方强强联合，历时8年深耕打磨，最终呈现出这部兼具专业性与实用性的 "技术宝典"。 融合 复合瓦被收录 2025年12月7日，国家建筑标准设计图集25J950《建筑防水》（以下简称"25J950"）正式发布，为中国建筑防水行业提供了统一、科学的技术参考依据。 该图集作为《建筑与市政工程防水通用规范》（GB 55030-2022）的配套设计资料，为工程设计、施工、验收全流程提供 "有章可循" 的专业支撑。 国标《建筑防水》发布 在此次国标图集编制中，江苏凯伦建材股份有限公司不仅作为参编单位贡献了防水专业智慧，其代表性创新产品——高分子卷材金属复合压型板（融合 复合瓦）及屋面系统更是被收录在第10章节，其中全面、系统地介绍了产品材料、构造做法和防水节点图等，为推动屋面工程的高质量与低碳化发展提供 了标准化解决方案。 复合瓦精准响应国标要求 25J950国标图集对屋面工程提出了更全面、更耐久、更绿色的要求。凯伦复合瓦正是为此而生的创新答案。 凯伦融合 复 ...

Core Viewpoint - The company is strategically selling domestic assets to improve cash flow while simultaneously acquiring a stake in a Brazilian company to expand its international market presence, indicating a dual approach to navigate industry challenges and seek growth opportunities [1][4][8]. Asset Disposal - The company has decisively sold multiple properties in Beijing and Hangzhou, expecting an asset disposal loss of 25.81 million yuan, with the properties originally valued at 52.39 million yuan sold for only 18.49 million yuan, reflecting a significant depreciation in value [3][5]. - The asset disposal is aimed at revitalizing assets, improving financial conditions, and enhancing operational efficiency amid a slowing market [3][5]. International Expansion - The company plans to invest approximately 1.08 billion Brazilian reais (about 144 million yuan) to acquire 60% of Novakem, a Brazilian chemical company, as part of its strategy to tap into emerging market infrastructure demands [1][4]. - This acquisition is part of a broader strategy to build a global industrial ecosystem, with previous investments including a 1.23 billion USD acquisition of a Chilean retailer [4][7]. Market Conditions - The domestic waterproof materials market is experiencing a downturn, with a projected 16.8% decline in total production for 2024 compared to previous years, leading to increased competition and reduced profit margins [5][6]. - The company's gross margin has decreased from 30.53% in 2021 to 25.80% in 2024, reflecting the challenging market environment [5]. Revenue Trends - Despite domestic revenue challenges, the company's international revenue has shown consistent growth, with figures rising from 356 million yuan in 2021 to 877 million yuan in 2024, indicating a strategic shift towards international markets [7][8]. - The proportion of international revenue in total revenue has increased from 1.12% to 3.12% over the same period, highlighting the growing importance of overseas markets [7]. Channel Strategy - The company is shifting its domestic sales strategy from a focus on large real estate clients to a more diversified approach that emphasizes retail and engineering channels, with retail and engineering channel revenues now accounting for 84.06% of total income [9]. - The new channel strategy includes enhancing partner capabilities and improving service quality for end customers, indicating a focus on long-term growth and market adaptation [9].

Group 1 - A new individual business named Yongzhou Lengshuijiang District Le Xiaobang Waterproofing has been established, with a registered capital of 10,000 RMB [1] - The legal representative of the business is Wang Yanfei [1] - The business scope includes licensed projects such as specialized construction operations, and general projects like manufacturing and sales of sealing materials, thermal insulation materials, anti-corrosion materials, and waterproofing materials [1]

以标准为尺，以习惯为基 在真如社区项目的建设中，东方雨虹深入践行"让标准成为习惯，让习惯符合标准"的施工理念，将标准 化管理贯穿于选材、基层处理、节点施工与验收等全流程。每一处细节都严格遵循国家规范与企业高标 准，确保建筑防水层实现无缝衔接与长效防护。 针对地下室、屋面、外墙等关键部位，项目团队采用定制化防水方案，融合高性能材料与精细工艺，有 效应对上海多雨潮湿的气候特点，从根本上提升住宅的耐久性与居住品质。 近日，由上海申能能创能源发展有限公司投资建设、市政集团第一建筑承建的真如社区B04A-01地块项 目，凭借出色的工程质量和创新的建筑理念，成功斩获2024-2025年度上海市白玉兰建设工程奖。 在这一标杆项目的背后，上海东方雨虹防水工程公司作为防水工程关键参建方，以系统化、标准化的施 工体系，为社区建筑提供了高耐久、高可靠的防水保障，从基础层面守护居住空间的舒适与安全。 荣誉印证实力 专业成就信赖 "白玉兰奖"的获得，既是对真如社区项目整体营造质量的肯定，也是对东方雨虹在建筑防水与系统服务 方面专业能力的认可。公司凭借严谨的工程管理和标准化施工体系，赢得业主与总包方的高度信任。 "我们非常荣幸能参与这样 ...

Core Viewpoint - Dongfang Yuhong (002271.SZ) has announced a plan to sell part of its real estate assets, which is expected to result in a loss of approximately 25.81 million yuan. This marks the second asset disposal plan within a short period, indicating ongoing challenges in asset management and financial recovery for the company [2][8]. Summary by Sections Asset Sale Details - The company plans to sell a total of 61 real estate properties, including 11 properties located in Miyun District, Beijing, which were acquired this year. The total area of these properties exceeds 1,490 square meters [3]. - The 11 properties in Miyun were purchased to settle debts with downstream clients, with 10 of them acquired in July 2023 [3][4]. - Additionally, 50 properties located in Jianggan District, Hangzhou, are also up for sale, all purchased on December 1, 2021, comprising 38 office units and 12 apartments [3]. Financial Implications - The total sale price for the assets is approximately 18.49 million yuan, which is less than 42% of the corresponding book value. The expected loss from this transaction is 25.81 million yuan [5][6]. - The original book value of the assets is about 52.39 million yuan, with an impairment provision of approximately 8.09 million yuan, resulting in a net book value of around 44.30 million yuan [6]. Market Context - The average selling price for the properties in Miyun is below 10,000 yuan per square meter, significantly lower than the average listing price of around 22,000 yuan per square meter in the area [5][6]. - The company justifies the pricing based on market conditions, asset location, and the need for quick cash recovery, indicating a strategic shift in asset management [7]. Historical Context - This is not the first instance of Dongfang Yuhong selling assets at a loss; a previous sale in October 2023 also resulted in a loss of approximately 23.46 million yuan, which was over 10% of the company's audited net profit for the last fiscal year [8][9]. - The company has been actively selling assets to improve its financial structure and recover funds, as evidenced by a decrease in its debt-to-asset ratio from 55.57% in 2019 to 43.39% in 2024, although it rose to 50.22% in the first three quarters of 2025 [9].

Core Viewpoint - The company, Oriental Yuhong, is selling part of its real estate assets to improve its financial situation and cash flow, despite incurring significant losses on these sales [1][2]. Asset Sales - Oriental Yuhong announced the sale of seven properties located in Beijing and Hangzhou for a total price of 18.49 million yuan, resulting in an asset disposal loss of 25.81 million yuan [1]. - The book value of the sold properties was 52.39 million yuan, with a net book value of 44.30 million yuan after accounting for impairment [1]. - The company has been actively selling assets, including two properties in Beijing for 23.13 million yuan, which also resulted in a loss of 23.46 million yuan [3]. Financial Situation - As of September 30, 2025, Oriental Yuhong had cash and cash equivalents of 3.764 billion yuan, while short-term borrowings amounted to 6.154 billion yuan, indicating a significant liquidity gap [2]. - The company has been restructuring its debts, with a total of 1.813 billion yuan in receivables converted into real estate assets as part of debt repayment [4]. Impairment Losses - Oriental Yuhong has been consistently recognizing impairment losses, with total provisions of 1.039 billion yuan and 1.067 billion yuan for 2023 and 2024, respectively, significantly impacting net profits [5]. - The net profit for 2024 was reported at 108 million yuan, a 95.24% decline year-on-year [5]. Business Transformation - The company is shifting its business model to reduce reliance on the real estate sector, decreasing direct sales to real estate clients from 31.59% in 2023 to 15.24% in 2024 [6][7]. - Oriental Yuhong is expanding into non-waterproof materials and has invested 1 billion yuan in a new materials park [7]. Sales Performance - In the third quarter of 2025, Oriental Yuhong reported a revenue of 7.032 billion yuan, an increase of 8.51% year-on-year, with improved sales in key product categories [8]. - Despite the revenue growth, the company's gross margin has been declining, from 30.53% in 2021 to 25.80% in 2024 [8][9]. Pricing Strategy - The company announced price increases for its products, with waterproof coatings rising by 3%-13%, but these increases have not yet translated into higher overall prices due to market conditions [9].

Core Viewpoint - The company is actively managing its financial risks by implementing measures to optimize credit management and enhance debt collection efforts [1] Group 1: Financial Management - The company adheres to accounting standards for impairment provisions, ensuring adequate bad debt reserves for long-term receivables with higher recovery risks [1] - A dedicated management center has been established to optimize the organizational structure and strengthen customer credit rating and risk management [1] Group 2: Debt Collection Strategies - The company is increasing the intensity of debt collection assessments and employing diversified collection methods, including legal action and asset collateralization [1] - Efforts are being made to accelerate the revitalization of assets such as properties acquired through debt [1] Group 3: Customer Structure Adjustment - The company is continuously adjusting its customer structure to mitigate risks associated with credit [1]

Core Points - A series of important national standards will be implemented starting in November, aimed at regulating emerging and future industries, creating a favorable consumer environment, and ensuring the safety of people's lives and property [3]. Group 1: Electric Vehicles - The national standard for electric vehicle battery swapping safety requirements for commercial vehicles (GB/T 40032.2-2025) specifies safety requirements unique to N1, N2, and N3 class battery-swapping commercial electric vehicles, with other types encouraged to follow [4]. - The implementation of this standard will promote the adoption of battery swapping models in the commercial vehicle sector, ensuring safe and reliable operation of electric commercial vehicles and fostering the healthy development of the battery swapping industry [5]. Group 2: Construction Materials - The mandatory national standard for building waterproof coatings (GB 45671-2025) outlines safety technical requirements such as combustion performance, flash point, and harmful substance limits [6]. - This standard's implementation will help ensure the quality of construction projects, protect human health and environmental safety, and further guide the industry's green and high-quality development [7]. Group 3: Electrical Products - The recommended national standard for household and similar use plug sockets with USB power (GB/T 2099.31-2025) sets safety and electromagnetic compatibility requirements [8]. - The implementation of this standard will guide consumers in the safe use of USB power sockets, promote technological advancement in the power socket industry, and enhance product quality and competitiveness [9]. Group 4: Home Appliances - The recommended national standard for electric oil heaters (GB/T 28199-2025) defines terms, classifications, requirements, inspection rules, labeling, packaging, transportation, and storage requirements for household and similar use electric oil heaters [10][11]. - This standard will provide a more comprehensive and reliable technical basis for testing electric oil heater products, promoting technological progress in this sector [12]. Group 5: Personal Care Products - The recommended national standards for toothbrushes include general requirements and testing methods for manual toothbrushes (GB/T 19342—2024) and performance testing methods for electric toothbrushes (GB/T 45637-2025) [14][15]. - The implementation of these standards will further improve the standard system in the toothbrush sector, enhance product quality, and better meet market demands [16]. Group 6: Automotive Services - The recommended national standard for car rental services (GB/T 29911-2025) outlines overall requirements for small and micro passenger car rental services, including requirements for operators, vehicles, service personnel, service processes, rental platforms, and service quality management [17][18]. - The implementation of this standard will standardize operational behaviors in the car rental industry, improve service levels, and lead to high-quality development in the sector [19]. Group 7: Data Security - The recommended national standard for data security concerning sensitive personal information processing (GB/T 45574-2025) establishes general and specific security requirements for handling sensitive personal information [20][21]. - The implementation of this standard will provide technical support for regulating sensitive personal information processing and protecting the rights and interests of individuals [22]. Group 8: Civil Defense - The recommended national standard for the environmental hygiene of civil defense engineering during normal use (GB/T 17216-2025) specifies hygiene requirements applicable to civil defense projects used for accommodation and commercial purposes [23][24]. - The implementation of this standard will help create a healthy and hygienic environment for civil defense projects, preventing health risks [25]. Group 9: Fire Safety - The mandatory national standard for determining major fire hazards (GB 35181-2025) establishes rules for identifying significant fire hazards in buildings and locations [26][27]. - The implementation of this standard will aid in the timely identification and elimination of major fire hazards [28].

Core Viewpoint - Suzhou Landun Waterproof Technology Co., Ltd. has been established with a registered capital of 500,000 RMB, focusing on various construction and waterproofing services and products [1] Company Overview - The legal representative of the company is Jin Jiahao [1] - The registered capital of the company is 500,000 RMB [1] Business Scope - The company is involved in construction engineering, requiring approval from relevant departments for certain projects [1] - General business activities include: - Technical services, development, consulting, exchange, transfer, and promotion [1] - Research and development of new materials technology [1] - Manufacturing and sales of building waterproofing membrane products [1] - Sales of coatings (excluding hazardous chemicals) [1] - Sales of chemical products (excluding licensed chemical products) [1] - Sales of building materials and decorative materials [1] - Manufacturing and sales of lightweight building materials [1] - Import and export of technology and goods [1] - Sales of cement products [1] - Information technology consulting services [1] - Social and economic consulting services [1] - Sales of mechanical and electrical equipment (excluding projects requiring approval) [1]

Group 1 - The implementation of new national standards for commercial electric vehicle battery swapping and lithium-ion battery coding will support the healthy development of emerging industries and ensure consumer safety starting from November 1 [1] - The recommended national standard for electric vehicle battery swapping safety specifies safety requirements for N1, N2, and N3 class commercial electric vehicles, promoting the adoption of battery swapping models in the commercial vehicle sector [1] - The national standard for lithium-ion battery coding assigns a unique identity code to each new battery product, facilitating lifecycle management from production to recycling and enhancing product traceability and industry regulation [1] Group 2 - The recommended national standard for electric oil heaters outlines terminology, classification, requirements, inspection rules, and packaging for household and similar use electric oil heaters, providing a reliable technical basis for product testing and promoting technological advancement in this sector [1] - The recommended national standard for household and similar use plug sockets with USB power specifies safety and electromagnetic compatibility requirements, guiding consumers in the safe use of these products and enhancing the quality and competitiveness of the power socket industry [2] - The mandatory national standard for building waterproof coatings sets safety technical requirements regarding combustion performance, flash point, and harmful substance limits, contributing to construction quality and environmental safety while promoting green and high-quality industry development [2]