Beijing Oriental Yuhong Waterproof Technology (002271) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached ¥14.87 billion, up 9.57% year-over-year, with net profit attributable to shareholders at ¥613 million, up 8.67% year-over-year.

• Retail business revenue grew 25.44% year-over-year, now accounting for 42.68% of total revenue.

• Overseas business expansion and acquisitions contributed significantly to revenue growth.

Financial highlights

• Operating income: ¥14.87 billion, up 9.57% year-over-year.

• Net profit attributable to shareholders: ¥613 million, up 8.67% year-over-year.

• Basic and diluted EPS: ¥0.26, up 8.33% year-over-year.

• Gross margin for waterproof materials: 29.49%; for mortar: 27.86%; for coatings: 37.19%.

• Net cash flow from operating activities: -¥340 million, improved 14.07% year-over-year.

Outlook and guidance

• Focus on consolidating waterproof and mortar dual-core businesses, expanding into new growth areas.

• Continued international expansion, with new production bases and acquisitions in Brazil, Hong Kong, and Indonesia.

• Emphasis on retail channel development and digital transformation to drive future growth.