北京东方雨虹防水技术股份有限公司公告，控股股东、实际控制人李卫国部分股份办理解除质押。本次 解除质押股份合计27,400,001股，占其所持股份比例5.45%，占公司总股本比例1.15%。截至目前，李卫 国及其一致行动人李兴国合计持股占公司总股本21.49%，累计质押股份占公司总股本11.74%。本次股 份解除质押与公司生产经营需求无关，未来质押到期可多种方式偿还，目前不存在平仓等侵害上市公司 利益情形，公司将持续关注质押变动。 ...

Core Viewpoint The company emphasizes a strategy of high-quality and steady development, focusing on risk management and enhancing operational quality while expanding its business into various sectors within the construction materials industry. Group 1: Company Overview - The company is committed to high-quality and steady development, prioritizing risk management and operational quality enhancement [2][11] - The company has diversified its business into multiple sectors, including waterproofing, civil building materials, mortar powder, building coatings, energy conservation, adhesives, piping, building renovation, new energy, non-woven fabrics, special films, and emulsions [11][29] Group 2: Financial Performance - For the first half of 2025, the company achieved a net profit attributable to shareholders of 564.44 million yuan, with a total distributable profit of 8.73 billion yuan [32][33] - The profit distribution plan includes a cash dividend of 9.25 yuan per 10 shares, totaling approximately 2.21 billion yuan [33][36] Group 3: Business Strategy - The company focuses on consolidating its waterproofing business while actively exploring new growth areas in infrastructure construction, public services, and renovation projects [3][23] - The company aims to leverage its existing customer resources and sales channels to rapidly develop non-waterproof businesses, providing comprehensive building material system solutions [3][4] Group 4: Market Position and Industry Context - The company is positioned as a leading player in the construction materials industry, particularly in the waterproofing segment, which is essential for modern construction [29][30] - The domestic waterproofing industry is characterized by low concentration and high fragmentation, with many small enterprises, while the company has established itself as a competitive and growing leader in the market [30] Group 5: Sales and Distribution Channels - The company has developed a multi-layered marketing channel network combining direct sales and channel models, with a focus on engineering and retail channels [27][28] - The engineering channel accounted for 84.06% of the company's revenue, highlighting the importance of this sales model [6] Group 6: International Expansion - The company is accelerating its international business layout, establishing overseas companies and enhancing its global supply chain [4][8] - Significant progress has been made in constructing overseas production bases, including projects in Houston, Saudi Arabia, and Malaysia, aimed at optimizing international operations and enhancing service capabilities [9][26]

Core Viewpoint - Beijing Oriental Yuhong Waterproof Technology Co., Ltd. reported a decline in revenue and net profit for the first half of 2025, indicating challenges in the market while emphasizing a strategic focus on high-quality and sustainable development in the construction materials sector [1][4]. Financial Performance - The company's operating revenue for the reporting period was approximately 13.57 billion yuan, a decrease of 10.84% compared to the same period last year [1][3]. - The net profit attributable to shareholders was approximately 564.44 million yuan, down 40.16% year-on-year [1][3]. - The net cash flow from operating activities was negative at approximately -395.91 million yuan, an improvement of 70.18% compared to the previous year [1][3]. - Basic earnings per share were 0.24 yuan, a decrease of 38.46% from the previous year [1][3]. Business Strategy - The company aims to consolidate its waterproofing core business while actively expanding into infrastructure construction, public services, and residential building materials [5][6]. - It focuses on enhancing its product offerings and upgrading its product system to meet diverse market demands [5][6]. - The company is leveraging its existing customer resources and sales channels to accelerate the development of non-waterproof businesses, establishing a dual-main business model [5][6]. Market Development - The company achieved a revenue of 11.41 billion yuan from engineering and retail channels, accounting for 84.06% of total revenue, indicating a strong reliance on these sales models [6][7]. - Retail business revenue reached approximately 5.06 billion yuan, representing 37.28% of total revenue, showing a gradual increase in retail's contribution [7][11]. International Expansion - The company is actively pursuing international market opportunities, establishing overseas production bases and enhancing its global supply chain [9][22]. - Projects in Houston, Saudi Arabia, and Malaysia are underway to support the company's international growth strategy [9][22]. - Recent acquisitions in Hong Kong and Chile aim to strengthen the company's retail channels and enhance its global brand recognition [10][22]. Product Innovation - The company has introduced new products that meet high environmental standards and cater to various consumer needs, including waterproofing materials and construction coatings [15][18]. - The focus on technological innovation has led to the development of products with advanced features such as antibacterial properties and quick-drying capabilities [15][16]. Corporate Vision - The company emphasizes a commitment to high-quality and sustainable development, aiming to create a safe and lasting environment for society [12][11]. - It seeks to enhance its market position by integrating various business segments and improving operational efficiency through digital tools and training [19][20].