Oriental Yuhong Waterproof Technology Co., Ltd. (Stock Code: SZ002271) published third-quarter report of 2019 on October 28, 2019. The report shows that Oriental Yuhong achieved operation revenue of $1.826 billion in the first three quarters, with a year-on-year growth of 38.64%, and net profit attributable to equity holders of the company reached $222 million, with a year-on-year growth of 40.55%.
According to the report, with gradual release of sales volume, the company’s operating revenues have gradually expanded, and the profit level is also steadily improving. The key reason of increase is due to the smooth business development of the company which means main product’s sale increases. As a construction and materials system service provider, Oriental Yuhong keeps its core competitiveness and runs effectively. With a responsible attitude towards investors, the company has maintained steady growth for years. In the first three quarters of 2019, the basic earnings per share of Oriental Yuhong was $0.15, up 41.89% year on year.
In the first three quarters of 2019, Oriental Yuhong continues to launch innovative products and services in the field of building materials to further enhance the company’s global competitiveness. The company was invited to attend the 67th IFD, and more voices from Oriental Yuhong can be heard on the international stage. It expanded collaboration with BASF by accelerating research and development on near-zero emission waterproofing solutions for China’s construction industry. In the perspective of operation, Oriental Yuhong continues to expand production. Its quality center has been recognized by CNAS and six products of its sub-brand VASA Mortar Co., Ltd. have passed GEV-EMICODE. Meanwhile, its brand influence is rising, which ranked into China Construction Waterproof Technology Innovation Enterprise Top 20 and The Beauty of Industry-2019 Innovation Enterprise Top 50. In National Technical Ability Contest, Oriental Yuhong won two champions, three runners up and a third place.
Industry figures pointed out that Oriental Yuhong complied with the general trend of construction industrial upgrading and the rapid increase of China’s urbanization rate. As a leading enterprise in the, it adjusts business strategy in time to follow the pace of internationalization. Oriental Yuhong’s brand image and scale advantages have formed a strong positive feedback effect in recent years. The significant cause of steady development of the company are foresight in strategic change, insistence on product ingenuity and attention to the interests of employees and shareholders, which realizes the company’s scale development since its listing.
About Oriental Yuhong
Oriental Yuhong entered construction waterproofing industry in 1995. 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. Oriental Yuhong holding Shanghai Oriental Yuhong, Hong Kong Oriental Yuhong, Oriental Yuhong North America Co., Ltd. and other 50 constituent companies, has established 28 manufacturing and R&D logistics bases in China.