Beijing Oriental Yuhong Waterproof Technology (002271) Q3 2025 earnings summary

Executive summary

• Operating revenue for Q1–Q3 2025 was RMB20.60 billion, down 5.06% year-over-year, reflecting weaker-than-expected market demand.

• Net profit attributable to shareholders for Q1–Q3 2025 was RMB809.68 million, a decrease of 29.99% year-over-year.

• Net profit (total) for Q1–Q3 2025 was RMB786.36 million, down 37.64% year-over-year, with profit margin narrowing due to lower revenue and gross margin.

Financial highlights

• Q3 2025 operating revenue was RMB7.03 billion, up 8.51% year-over-year.

• Basic and diluted EPS for Q1–Q3 2025 were RMB0.34, down 34.62% year-over-year.

• Net cash from operating activities for Q1–Q3 2025 was RMB416.31 million, up 184.56% year-over-year due to improved collections and reduced payments.

• Total assets as of 30 September 2025 were RMB42.56 billion, down 4.82% from year-end 2024.

• Equity attributable to shareholders was RMB20.83 billion, down 16.46% from year-end 2024.

Outlook and guidance

• Management attributes revenue and profit declines to weaker market demand and lower gross margins.

• Enhanced payment collection and cost controls have improved operating cash flow.