On July 9, 2018, Oriental Yuhong Waterproof TechnologyCo., Ltd (stock code 002271) announced its 2018semi-annual performance report. According to the report, The company achievedoperating income of $0.85billion in the first half of 2018, an increase of 30.21% over thesame period of the previous year. Operating profit was $0.11 billion, an increaseof 27.12% over the same period of the previous year. Performance is relativelystrong overall.
The reason for the increase of Oriental Yuhong in operating income is thatthe brand influence of the company continues to increase, the sales volume ofproducts has increased year-on-year, the scale of material sales business andconstruction service business has increased, and the sales revenue andconstruction income of major products continue to increase, the gross profitgradually increased, and the company's operating scale expanded.
In the first half of 2018, Oriental Yuhong adhered to the development themeof "building up the basics and speeding up" and marching all the way. The company's goal has been continuously improving the level of scientific and technologicalresearch and development, expanding theinternational vision, and maintaining the corecompetitiveness of enterprises. The senior managers of Oriental Yuhong firmlybelieve that with the steady increase of income and operational efficiency ofOriental Yuhong, the second half of 2018 will continue to maintain good momentum, and the future performance isworth looking forward to.
In terms of financial status, the company is holding a good position. As of June 30, 2018, the company's total assets were$2.4 billion dollars. There is an increase of19.56% compared to the beginning of the report, achieving the company'ssemi-annual profit.
About Oriental Yuhong
In 1995, Oriental Yuhong entered the buildingwaterproofing industry. For more than 20 years, the company has providedhigh-quality and complete waterproof system solutions for major infrastructureconstruction, industrial construction and civil and commercial buildings, andhas become the largest waterproof system service provider in Asia. Last year, the operating income of OrientalYuhong reached $1.55billion.