Beijing Oriental Yuhong Waterproof Technology (002271) Q4 2025 earnings summary

Executive summary

• Maintained a strategy of high-quality, steady development, focusing on risk management and business transformation to adapt to market changes and customer needs.

• Expanded core waterproofing business while developing sand/mortar, coatings, and international markets, establishing multiple growth engines.

• Retail and engineering channels accounted for 84.21% of revenue, with retail business contributing 36.06%.

• Accelerated global expansion through overseas production bases, acquisitions, and local market development.

Financial highlights

• 2025 revenue was ¥27.58 billion, down 1.70% year-over-year; net profit attributable to shareholders was ¥113 million, up 4.71%.

• Gross margin was 24.82%, down 0.98 percentage points year-over-year.

• Operating cash flow was ¥3.55 billion, up 2.8% year-over-year.

• Total assets at year-end were ¥41.74 billion, down 6.65% from the previous year; net assets attributable to shareholders were ¥20.13 billion, down 19.25%.

• Basic and diluted EPS were ¥0.05, up 25% year-over-year.

• R&D expenses were ¥503 million, down 14.08% year-over-year.

Outlook and guidance

• 2026 will focus on channel optimization, risk control, technological innovation, and global supply chain competitiveness.

• Plans to further develop retail, sand/mortar, and overseas business as new growth drivers.

• No annual dividend planned for 2025, with profits retained for future development.