防水材料行業(yè)是不起眼的“好行業(yè)”，東方雨虹是防水行業(yè)率先突破百億的企業(yè)，自2008年上市以來(lái)，連續(xù)10年平均復(fù)合增長(zhǎng)率在35%左右，增速遠(yuǎn)超行業(yè)增速和同行企業(yè)，鑄就了建筑防水隱蔽工程領(lǐng)域的“隱形冠軍”。東方雨虹的核心競(jìng)爭(zhēng)力有哪些？基于行業(yè)、經(jīng)濟(jì)周期的發(fā)展邏輯有哪些？資本市場(chǎng)在嘗試著給出答案。
The description of the introduction department——the waterproof material industry is an obscure "good industry", and Oriental Yuhong is the first company in the waterproof industry to break through 10 billion yuan. Since its listing in 2008, the average annual compound growth rate for 10 consecutive years has been about 35 %. The growth rate far exceeds the growth rate of the industry and its counterparts, casting the "invisible champion" in the field of waterproof and hidden engineering. What is the core competitiveness of Oriental Yuhong? What is the logic of development based on industry and economic cycle? Capital markets are trying to give the answer.
從投資的角度而言，我們認(rèn)為防水材料行業(yè)是不起眼的“好行業(yè)”，并且我們認(rèn)為對(duì)行業(yè)和企業(yè)的視角不可局限于過(guò)往的從產(chǎn)業(yè)鏈景周期波動(dòng)的邏輯......
中文版-詳情 EnglishWe believe that waterproof material industry is of great potentials. The industry can not be analyzed only through periodic changes of industrial chains, but also company's ability to emerge, entrepreneurial spirits to expand......
維持“ 增持” 評(píng)級(jí)。公司公告 2017 年業(yè)績(jī)快報(bào)，營(yíng)收 101.93 億元，同比增長(zhǎng) 45.62%；營(yíng)業(yè)利潤(rùn)同增 32.5%，利潤(rùn)總額同增 25.87%，歸母凈利潤(rùn) 12.44 億元，同比增長(zhǎng) 20.95%......
中文版-詳情 EnglishMaintain “Overweight” rating. The revenue increased to 10.19 billion by 45.62%; operating profit increased by 32.5%; total profits increased by 25.87%. Net profit attributed to parent company owners increased to 1.24 billion by 20.95%......
新型防水材料 2000-2014 年經(jīng)歷了銷(xiāo)量增速?gòu)?fù)合 20%以上的快速增長(zhǎng)，一方面源自于房地產(chǎn)投資增速較高，另一方面源自于新型防水材料替代傳統(tǒng)的瀝青油毛氈。
中文版-詳情 Englishhe new-type waterproof materials experienced the rapid compound growth of over 20% in sales volume from 2000 to 2014,which, on the one hand, is owing to the high investment growth speed in real estate, and on the other hand......
隱蔽工程的 “隱形 冠軍 ” 是如何煉成的。防水材料在建筑工程中的重要地位以及廣泛的應(yīng)用使得行業(yè)空間巨大，根據(jù)測(cè)算，防水行業(yè)市場(chǎng)空間約為 2000億元量級(jí)。
中文版-詳情 EnglishA leap: has grown from the Chinese largest waterproofing system provider into the giant in functional building materials......
