HZ Info, August 19, 2026 – Beijing Oriental Yuhong Waterproof Technology Co., Ltd. (OYH), a leading building materials system service provider, released its semi-annual report for 2026. In the first half of the year, the company achieved operating revenue of RMB 14.867 billion, a year-on-year increase of 9.57%. Net profit attributable to shareholders of the parent company reached RMB 613 million, up 8.67%, while core net profit (excluding non-recurring items) rose 13.59% to RMB 576 million.
During the period, revenue from engineering and retail channels totaled RMB 12.723 billion, accounting for 85.58% of total revenue, cementing channel sales as the core pillar of performance. Retail business stood out with revenue of RMB 6.346 billion, a 25.44% increase, representing 42.68% of total revenue. As the primary vehicle of the retail business, the Civil Construction Group contributed RMB 5.064 billion, up 6.65% year-on-year.
OYH has established a comprehensive network of over 250,000 distribution outlets, more than 2,000 exclusive stores, over 4,000 retail channel distributors, and over 13,000 engineering channel partners. The company continues to upgrade its C-end service platform and deepen channel refinement, building a four-in-one core competitiveness encompassing brand, channel, product, and service. For its engineering channels, the company advances the "Platform + Maker + Partner" mechanism, prioritizing partners and enhancing capabilities in operations, customer acquisition, construction, and service. Leveraging the advantages of its waterproofing channel synergy, OYH is driving the rollout of a full range of product categories, reducing accounts receivable risks, and tapping into untapped markets. The shift from a single reliance on real estate centralized procurement to a balanced "engineering + retail" dual-driver model has translated into tangible performance resilience.
While consolidating its core waterproofing business, the company is also solidifying its "second growth curve," with a dual-mainstay strategy of "Waterproofing + Mortar and Powder" becoming clearer. In the first half of the year, revenue from waterproofing membranes was RMB 5.765 billion (+4.56%), coatings revenue reached RMB 4.199 billion (+6.43%), and mortar and powder products generated RMB 2.081 billion (+4.26%), accounting for 13.99% of total revenue. The synergistic effects of its multi-category portfolio continue to strengthen.
In contrast to the intensive cultivation of the domestic market, overseas business emerged as the most dynamic growth segment for OYHin the first half of the year, with years of globalization efforts transitioning from the investment phase into a period of concentrated returns.
During the reporting period, the company's overseas business generated revenue of RMB 1.772 billion, a significant year-on-year increase of 207.55%, representing 11.92% of total revenue. Overseas building materials retail revenue reached RMB 1.009 billion, a dramatic rise of 2,388.01%, primarily driven by the consolidation of acquisitions such as Chile's Construmart.
Behind these impressive figures lies the rapid development of OYH's global localized production network. In the Middle East, the Tiandingfeng Saudi factory has commenced full production across all four of its nonwoven fabric production lines. Together with the Dammam production, R&D, and logistics base, this setup ensures localized supply of core substrates and finished building materials, effectively meeting the region's expanding infrastructure demands. In Latin America, the Brazilian production, R&D, and logistics base has completed trial production of its first batches of water-based coatings and primers, significantly improving regional market responsiveness and product adaptability. Targeting the high-end North American market, the Houston global excellence R&D center and production logistics base are in the equipment installation phase, while the construction of production bases in Canada and Mexico is proceeding in an orderly fashion. The production matrix in North and Latin America continues to improve, fortifying the supply chain foundation for covering the entire Americas market.
Alongside its production capacity expansion, OYH has deepened its global operational presence through targeted acquisitions and strategic collaborations. During the reporting period, the company completed controlling acquisitions of a long-established Hong Kong plastic pipe company and Indonesia's second-largest waterproof coating brand. Together with the previously completed acquisition of a Brazilian admixture company, all closed transactions have contributed positively to earnings, validating the company's mature overseas investment evaluation system and cross-border management capabilities. Concurrently, OYHhas forged strategic partnerships with leading companies and industry associations in Indonesia, Bangladesh, South Korea, and other countries, and actively participated in top-tier industry events like the Vietnam Building Materials Expo, the Canton Fair, and international infrastructure forums. The company's overseas business model has evolved from basic product exports to a localized deep-cultivation approach characterized by "localized production, localized services, and localized partnerships."