Saturday, December 5, 2020
Financial Results News

Oriental Yuhong’s Operating Income in the First Half of the Year Reached USD 1.254 Billion

Oriental Yuhong's Biannual Report for 2020: Net Profit Grew by 50.63% Year-on-Year

On August 29th, 2020, Oriental Yuhong Waterproof Technology Co. Ltd. (hereinafter referred to as “Oriental Yuhong”, stock code: SZ002271) published the biannual report for 2020. According to the report, the operating income in the first half of the year reached approximately USD 1.254 billion, an increase of 11% year-on-year. The net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses stood at approximately USD 148 million, up 50.63% year-on-year. In 2020, the revenue and profit of Oriental Yuhong will continue to grow.

Oriental Yuhong has been expanding and deepening their presence in the market, and demonstrates high market concentration ratio. According to the report, the sales revenue of waterproof materials was about USD 1.006 billion, a year-on-year increase of 6.87%, and the construction income arising from waterproof engineering projects was about USD 199 million, an increase of 35.79% year-on-year. Other streams of income reached about USD 44 million, up by 18.13% year-on-year, and the sales revenue of materials was about USD 4,753,200, up by 27.27% year-on-year.

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