On April 26, Oriental Yuhong released its first quarter report of 2019. According to this report, the company realized its operating income of 2.686 billion yuan, an increase of 41.01% over the same period of last year. The main reason of this increase is that Yuhong’s business developed smoothly. Net profit attributable to shareholders of listed companies was 127 million yuan, an increase of 28.89% over the same period of last year. Net profit attributable to shareholders of listed companies, excluding recurrent gains and losses, was 107 million yuan, an increase of 40.48% over the same period of last year.
It is reported that the full-year revenue of Oriental Yuhong in 2018 was about 14.446 billion yuan, an increase of 36.46% over the same period of last year. The net profit attributable to shareholders of listed companies is about 1.508 billion yuan, an increase of 21.74% over the same period of last year. This increase was mainly because during the reporting period, the company’s overall business situation was better off, sales revenue and construction revenue of major products continued to increase, gross profit gradually increased, and the company’s financial situation was stable in the reporting period.
Professional quarters said that keeping the whole China even Aisa in view, according to the Q1 report of 2019 issued by many waterproof listed companies, regardless of business income or net profit, the top one was still Oriental Yuhong. Meanwhile, from the data of international enterprises, Yuhong can also not be underestimated. According to the data disclosed by the world’s major waterproofing enterprises in 2017 and 2018, Yuhong’s sales closely followed GAF, SOPREMA and CARLISLE, firmly occupying the seats of TOP5 in the waterproofing industry worldwide. Investors also strongly believe that with the moderate income growth and the promotion of operational efficiency in Oriental Yuhong, the company will continue to maintain good momentum in the last three quarters of 2019. They are full of expectations for Oriental Yuhong’s future performance.
About Oriental Yuhong
Oriental Yuhong which entered building waterproofing industry in 1995 has become the largest waterproof system service provider in Asia. During the past 20 years, it has been devoted to providing high-quality and completed waterproofing system solutions for important infrastructure construction, industrial buildings, civil buildings and commercial buildings. The company’s investment involves non-woven fabric, energy saving and insulation of buildings, mortar, energy chemical industries and other fields. Oriental Yuhong holds the controlling interest of more than 50 subsidiaries including Shanghai Oriental Yuhong, Hongkong Oriental Yuhong, Oriental Yuhong North America Co., Ltd. and so on.