On March 13, “waterproof Mao” Beijing Oriental Yuhong Waterproof Technology Co.Ltd(002271) announced that since March 16, the prices of some main products of the company have been adjusted. The adjustment ranges are expected to be increased by 15% – 20% for asphalt coiled materials, about 10% for polymer coiled materials, about 20% for Polyurethane Coatings, about 20% for water-based coatings and about 20% for Asphalt Coatings.
In retrospect, the main products for which Beijing Oriental Yuhong Waterproof Technology Co.Ltd(002271) plans to raise the price involve the investment and construction projects in Wuhan and other places in the near future. At the same time, the company made it clear that the price increase of the above main products will help to improve its profitability in the future. The company has previously implemented a share repurchase plan and recently released the 2021 annual performance express.
two investment agreements were signed successively in 1
On January 19, Beijing Oriental Yuhong Waterproof Technology Co.Ltd(002271) signed the project investment agreement with the people’s Government of Xinzhou District, Wuhan, stipulating that the company plans to invest 2 billion yuan in the construction of Beijing Oriental Yuhong Waterproof Technology Co.Ltd(002271) Wuhan green building materials production base project (hereinafter referred to as “Wuhan production base”) and Hubei Regional Headquarters project in Wuhan.
Among them, the construction content of Wuhan production base project is to promote the R & D and production of green high-end new materials, including but not limited to polymer waterproof coiled materials, water-based waterproof coatings, high-quality sand, sand aerated sector, special mortar, roof tile system, high-end gypsum products and so on.
From the perspective of construction cycle, each phase of Wuhan production base project is planned to start construction within 3 months from the date of obtaining the real estate certificate, and be completed and put into operation successively within 24 months from the date of commencement.
The total investment of the above projects is expected to be 2 billion yuan, of which the investment in fixed assets is about 1.3 billion yuan. After completion, the average annual output value is expected to be about 2 billion yuan, the sales volume is 1 billion yuan, and the annual tax is expected to be 130150 million yuan. Among them, the total investment of phase I of Wuhan production base project is about 1 billion yuan, and the investment in fixed assets is about 700 million yuan. After completion, the annual output value is expected to be about 1 billion yuan, and the annual tax contribution is 80-100 million yuan.
Beijing Oriental Yuhong Waterproof Technology Co.Ltd(002271) said that central China is one of the company’s important product sales markets. It is hoped that through this investment, the company will further expand its supply capacity in Central China and promote the continuous optimization of production capacity distribution, so as to further meet the market demand in Central China and lay a solid foundation for the company’s sustainable and stable development in the future.
On January 14, Beijing Oriental Yuhong Waterproof Technology Co.Ltd(002271) signed the project investment agreement with the people’s Government of Minqing County, Fuzhou, stipulating that the company plans to invest 1.2 billion yuan in the construction of Beijing Oriental Yuhong Waterproof Technology Co.Ltd(002271) Fuzhou green building materials production base project (hereinafter referred to as “Fuzhou production base project”) and Fujian regional headquarters project in Minqing County, Fuzhou City, Fujian Province.
Among them, the construction content of Fuzhou production base project is to promote the R & D and production of products including but not limited to waterproof, energy-saving and thermal insulation materials, civil building materials, special mortar, architectural coatings, etc.
The above-mentioned projects are constructed in the way of “overall planning, land supply by stages, delisting by stages and implementation by stages”. The total investment in phase I and phase II of Fuzhou production base project is 600 million yuan. Each phase shall obtain the construction license within 9 months from the date of land delivery, and start construction within 1 month after obtaining the construction license, Within 24 months from the commencement date, the completion acceptance is passed and put into operation successively.
Beijing Oriental Yuhong Waterproof Technology Co.Ltd(002271) said that East China and South China are important product sales markets of the company. We hope to further expand the supply capacity of the company in East and South China through this investment and promote the continuous optimization of production capacity distribution, so as to further meet the market demand of East and South China and lay a solid foundation for the sustainable and stable development of the company in the future.
repurchase progress and performance express were released successively
On November 8, 2021, the board of directors of Beijing Oriental Yuhong Waterproof Technology Co.Ltd(002271) passed a proposal to use its own funds to repurchase RMB common shares (A shares) issued by some companies in China in the form of centralized bidding transaction for the later implementation of employee stock ownership plan or equity incentive.
The total amount of the repurchase fund is 1 billion yuan to 2 billion yuan, the repurchase price is no more than 55.79 yuan / share (including this number), and the implementation period of the share repurchase is no more than 12 months from the date when the board of directors deliberates and approves the share repurchase plan.
As of February 28, 2022, Beijing Oriental Yuhong Waterproof Technology Co.Ltd(002271) has repurchased 4.8878 million shares by means of centralized bidding transaction through the special securities repurchase account, accounting for 0.19% of the total share capital of the company. The highest transaction price is 49.76 yuan / share, the lowest transaction price is 37.24 yuan / share, and the total transaction amount is about 212 million yuan (excluding transaction costs).
On January 14, 2022, Beijing Oriental Yuhong Waterproof Technology Co.Ltd(002271) released the annual performance express of 2021, which showed that the company achieved a total operating revenue of 31.892 billion yuan, a year-on-year increase of 46.76%; The net profit attributable to shareholders of listed companies was 4.185 billion yuan, a year-on-year increase of 23.50%.
Beijing Oriental Yuhong Waterproof Technology Co.Ltd(002271) introduced that with the continuous upgrading of downstream customers’ demand for construction quality, the company gave full play to its advantages such as R & D technical strength, product quality, system service ability, brand influence, national capacity layout and multi-level marketing channel network, further improved its market share, and achieved rapid growth in product sales compared with the same period in 2020, The scale of material sales business and construction service business has increased, and the sales revenue and construction revenue of the company’s main products have increased.
Faced with a sharp rise in the price of raw materials in 2021, the company has alleviated the pressure of rising costs by strengthening the selective procurement of raw materials, cost control and continuous exertion of economies of scale.
