Ping An Securities Research Report pointed out that Dongfang Yuhong's overseas growth was rapid, and gross margin improved year-on-year. In the first half of the year, revenue was 14.87 billion yuan, up 9.6% year on year, net profit to mother was 610 million yuan, up 8.7% year on year; net profit after deducting non-return to mother was 580 million yuan, up 13.6% year on year. Revenue growth was good, and gross margin improved year over year. At the industry level, downstream real estate construction continues to bottom out, the waterproof industry pattern is clearly clear, and the peak pressure on the industry may have passed; the company level is actively changing channels to accelerate the development of engineering channels, retail channels and overseas markets with brand, capital, and channel advantages. The quality of operations will gradually improve in the future and maintain a “recommended rating”.

Ping An Securities Research Report pointed out that Dongfang Yuhong's overseas growth was rapid, and gross margin improved year-on-year. In the first half of the year, revenue was 14.87 billion yuan, up 9.6% year on year, net profit to mother was 610 million yuan, up 8.7% year on year; net profit after deducting non-return to mother was 580 million yuan, up 13.6% year on year. Revenue growth was good, and gross margin improved year over year. At the industry level, downstream real estate construction continues to bottom out, the waterproof industry pattern is clearly clear, and the peak pressure on the industry may have passed; the company level is actively changing channels to accelerate the development of engineering channels, retail channels and overseas markets with brand, capital, and channel advantages. The quality of operations will gradually improve in the future and maintain a “recommended rating”.