Oriental Yuhong was established on March 30, 1998 and listed on the Shenzhen Stock Exchange on September 10, 2008. Its registered address and office address are both in Beijing.
It is a leading enterprise in the domestic construction waterproofing industry. Its core business is construction waterproofing materials. It has advantages in the entire industry chain and has significant investment value.
Oriental Yuhong is engaged in the research and development, production, sales and waterproof engineering construction of building waterproof materials. The Shenwan industry it belongs to is building materials-decoration building materials-waterproof materials. The concept segments include fine decoration, assembled construction, and dye coatings.
Operating performance: first in the industry in revenue and second in net profit
In 2025, Oriental Yuhong’s operating income reached 27.579 billion yuan, ranking 1/3 in the industry, much higher than the industry average of 12.011 billion yuan and the median of 6.044 billion yuan. The second-placed Keshun Co., Ltd. in the industry has revenue of 6.044 billion yuan.
Among the main business components, waterproofing membranes accounted for 11.361 billion yuan, accounting for 41.20%, coatings accounted for 7.811 billion yuan, accounting for 28.32%, mortar powders accounted for 4.228 billion yuan, accounting for 15.33%, other main business income of 2.054 billion yuan accounted for 7.45%, engineering construction accounted for 1.859 billion yuan, accounting for 6.74%, and other (supplementary) 267 million yuan accounted for 0.97%.
In terms of net profit, it will be 37.9821 million yuan in 2025, ranking 2/3 in the industry. The net profit of Karen Shares, the first in the industry, is 38.475 million yuan, the industry average is -157 million yuan, and the median is 37.9821 million yuan.
The asset-liability ratio is lower than the industry average, and the gross profit margin is higher than the industry average.
In terms of solvency, Oriental Yuhong’s asset-liability ratio is 51.14% in 2025, compared with 43.39% in the same period last year, which is lower than the industry average of 60.80%.
In terms of profitability, the gross profit margin in 2025 will be 24.82%, compared with 25.80% in the same period last year, which is higher than the industry average of 23.53%.
Chairman Li Weiguo’s salary is 360,000 yuan, a decrease of 100,000 yuan year-on-year.
Both the controlling shareholder and actual controller are Li Weiguo.
Chairman Li Weiguo, born in 1965, graduated from Hunan Agricultural College with a bachelor’s degree.
He founded Changsha Changhong Building Waterproof Engineering Co., Ltd. in 1995. He has been the chairman of Oriental Yuhong since 1998. He also holds senior positions in many companies and has won many honors.
The salary in 2025 is 360,000, a decrease of 100,000 from 460,000 in 2024.
President Yang Haocheng, born in 1973, graduated from the Civil Engineering Department of Hunan University with a major in industrial and civil construction. He joined the company in 1998 and is currently a director and president of the company. His salary in 2025 is 2.76 million, an increase of 1.08 million from 1.68 million in 2024.
The number of A-share shareholder accounts decreased by 1.40% compared with the previous period
As of December 31, 2025, the number of A-share shareholder accounts was 141,300, a decrease of 1.40% from the previous period; the average number of circulating A shares held by each household was 13,500, an increase of 1.40% from the previous period.
As of March 31, 2026, among the top ten tradable shareholders of Oriental Yuhong, Hong Kong Securities Clearing Company Limited ranked as the largest tradable shareholder, holding 331 million shares, a decrease of 36.3166 million shares compared with the previous period.
Wells Fargo Research Selected Flexible Allocation Hybrid A (000880) ranks as the fifth largest tradable shareholder, holding 25.6653 million shares, an increase of 2.7041 million shares compared with the previous period.
ICBC Value Select Hybrid A (019085) ranks as the sixth largest tradable shareholder, holding 25.4744 million shares, and the number of shares held remains unchanged from the previous period.
China Southern CSI 500 ETF (510500) has withdrawn from the top ten tradable shareholders.
Huayuan Securities pointed out that the company will achieve operating income of 27.579 billion yuan and net profit attributable to the parent company of 113 million yuan in 2025; in Q1 of 2026, it will achieve operating income of 7.190 billion yuan and net profit attributable to the parent company of 402 million yuan, and the trend of performance recovery has strengthened.
The sales performance of the main products was outstanding, and the decline in revenue from engineering and retail channels narrowed.
The expense ratio continues to improve and cash flow performance is better.
The company’s net profit attributable to the parent company from 2026 to 2028 is expected to be 2.019 billion yuan, 2.691 billion yuan, and 3.334 billion yuan, maintaining the “overweight” rating.
Oriental Fortune Securities pointed out that in 2025, the company will achieve revenue of 27.58 billion yuan and net profit attributable to the parent company of 113 million yuan; in the first quarter of 2026, it will achieve revenue of 7.19 billion yuan and net profit attributable to the parent company of 402 million yuan.
The development of engineering and retail is more balanced, and the quality of operations is gradually improved.
The gross profit margin will decrease by approximately 1 pct in 2025, and the expense rate during the period will decrease by 1.87 pct.
Overseas expansion is accelerating. In 2025, revenue from Hong Kong, Macao, Taiwan and overseas will be 1.59 billion yuan, a year-on-year increase of 80.9%.
Continued price increases in 2026 will lead to cost pressures, and the industry’s supply and demand pattern is expected to improve.
It is expected that the net profit attributable to the parent company from 2026 to 2028 will be 1.65 billion, 1.938 billion, and 2.26 billion, maintaining the “overweight” rating.
