
Beijing Oriental Yuhong Waterproof Technology Co., Ltd.
Oriental Yuhong (Caparol, Huasha, Woniushan)
Beijing Oriental Yuhong Waterproof Technology Co., Ltd. is the largest building waterproofing system service provider in China and Asia, listed on the Shenzhen Stock Exchange (ticker: 002271). Founded by Li Weiguo in 1995 in Beijing and headquartered in Beijing, the company operates through in-house manufacturing and R&D, deeply focusing on waterproofing and auxiliary material systems within the full spectrum of building materials. Through its brands—Yuhong Waterproof, Caparol, Huasha, and Woniushan—the company offers a comprehensive portfolio spanning waterproofing membranes (SBS/APP modified asphalt, TPO/PVC), waterproofing coatings (polyurethane, JS), tile adhesives and grouts, architectural paints, sealants, thermal insulation systems (EPS/XPS), mortars, and photovoltaic roofing integrated systems. With 2024/2025 revenue of approximately RMB 30-32 billion and net income of RMB 2.0-2.5 billion, Oriental Yuhong operates over 50 large-scale production, logistics, and R&D bases across China, achieving a 300-kilometer radius supply chain network, employs approximately 12,000-13,000 people, and exports to over 100 countries. Powered by unassailable leadership in Asia's waterproofing market, a densely distributed network of heavy-asset factories, and a successful transformation from B2B engineering to C-end retail as a second growth curve, Oriental Yuhong is solidifying its position as the absolute leader in China's building materials sector through its systematic "waterproofing + coatings + mortar + insulation" solutions.
Strengths: Oriental Yuhong's core strength lies in its unassailable leadership in Asia's waterproofing market and a densely distributed heavy-asset supply chain network, with over 50 manufacturing bases enabling rapid delivery within a 300-kilometer radius, holding a dominant market share in engineering waterproofing. Its forward-looking C-end retail transformation has built strong counter-cyclical resilience, with the Civil Building Materials Group driving significant growth in tile adhesives, grouts, and household waterproof coatings through hundreds of thousands of distribution outlets, increasing C-end revenue contribution to nearly 35% and significantly improving cash flow. Multi-category synergies through a comprehensive building materials system, integrating Caparol coatings, Huasha mortars, and Woniushan insulation into a "waterproofing + coatings + mortar + insulation" ecosystem, boost average ticket sizes and customer stickiness.
Weaknesses: Oriental Yuhong's primary weaknesses stem from its historically heavy reliance on real estate engineering contracts, with significant accounts receivable from distressed developers leading to ongoing credit impairment losses that weigh on net income. The company faces continuous pressure on gross margins from industry price wars and volatile raw material costs, particularly sensitive to petrochemical inputs like asphalt and polyethers. As a Chinese domestic leader, its internationalization remains in early stages with overseas revenue accounting for less than 5%, and global brand influence lags behind international giants like Sika and Saint-Gobain. In capital markets, its stock price remains subdued due to underlying fundamentals, requiring time for investor confidence to recover.
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Strengths: Oriental Yuhong's core strength lies in its unassailable leadership in Asia's waterproofing market and a densely distributed heavy-asset supply chain network, with over 50 manufacturing bases enabling rapid delivery within a 300-kilometer radius, holding a dominant market share in engineering waterproofing. Its forward-looking C-end retail transformation has built strong counter-cyclical resilience, with the Civil Building Materials Group driving significant growth in tile adhesives, grouts, and household waterproof coatings through hundreds of thousands of distribution outlets, increasing C-end revenue contribution to nearly 35% and significantly improving cash flow. Multi-category synergies through a comprehensive building materials system, integrating Caparol coatings, Huasha mortars, and Woniushan insulation into a "waterproofing + coatings + mortar + insulation" ecosystem, boost average ticket sizes and customer stickiness.
Weaknesses: Oriental Yuhong's primary weaknesses stem from its historically heavy reliance on real estate engineering contracts, with significant accounts receivable from distressed developers leading to ongoing credit impairment losses that weigh on net income. The company faces continuous pressure on gross margins from industry price wars and volatile raw material costs, particularly sensitive to petrochemical inputs like asphalt and polyethers. As a Chinese domestic leader, its internationalization remains in early stages with overseas revenue accounting for less than 5%, and global brand influence lags behind international giants like Sika and Saint-Gobain. In capital markets, its stock price remains subdued due to underlying fundamentals, requiring time for investor confidence to recover.
Listed market data
002271 · SZSE · weeklyHistory →- Market cap
- $4 B
- Share price
- CNY 10.93
- 1Y change
- -19.7%
- Recent change
- -1.4%
- IPO price
- ×19.3
- Revenue (TTM)
- RMB 32.8B (FY2025)
11-05 → 11-06
CNY 17.33 · from 2008-09-01
Financial history
Full market history- 2026-11CNY 10.93$4 B+8.5%
- 2026-10CNY 10.07$3.7 B-5.1%
- 2026-09CNY 10.61$3.9 B-3.7%
- 2026-08CNY 11.02$4 B-7.2%
- 2026-07CNY 11.88$4.3 B+0.1%
- 2026-06CNY 11.87$4.3 B-12.9%
- 2026-05CNY 13.63$5 B-8.9%
- 2026-04CNY 14.96$5.5 B-2.3%
- 2026-03CNY 15.31$5.6 B-14.9%
- 2026-02CNY 18.00$6.6 B+4.2%
- 2026-01CNY 17.28$6.3 B+27.2%
- 2025-12CNY 13.59$5 B—
Ownership & Control
Latest available filings- Controlling entity
- Publicly held — no controlling shareholder disclosed
- Company type
- Manufacturer
- Insiders
- 23.33%
- Institutions
- 19.05%(176 holders)
- Free float
- 24.84%
Percentages are of total shares outstanding, aggregated from 13F-style filings via Yahoo Finance. Institutional figures reflect US-filed positions and may undercount owners filing elsewhere. No figure is shown where none is disclosed.
In the press
All coverage →5 latest headlines- Groundbreaking Ceremony of New Production, R&D, and Logistics Base of Oriental Yuhong in Houston & Launch Ceremony of Its New Journey of Globalization - PR Newswirewww.prnewswire.com2024-08-14
- Oriental Yuhong Participates in the 14th International Infrastructure Investment and Construction Forum - PR Newswirewww.prnewswire.com2023-06-13
- The revenue of Oriental Yuhong in the first three quarters increased by 51.44% compared to last year - PR Newswirewww.prnewswire.com2021-10-28
- Beijing Oriental Yuhong Waterproof Technology Co., Ltd. Class A Financial Statements – SZSE:002271 - TradingViewwww.tradingview.com2021-03-31
- Oriental Yuhong provides high quality services for Beijing’s newest and largest airport - AeroMorning.comaeromorning.com2018-08-27
The company's core segment centers on waterproofing, producing SBS/APP modified bitumen waterproof membranes, TPO/PVC polymer waterproof membranes, and a full range of coatings including polyurethane waterproof coatings, polymer cement waterproof coatings JS, and acrylic waterproof coatings. Its product line further extends to architectural sealants in silicone and polyurethane formulations. Annual production capacity exceeds 800 million square meters of waterproof membranes and 3 million tons of waterproof coatings, giving the company substantial scale advantages. Strategic Expansion Beyond Waterproofing
• Through the acquisition of German brand Caparol, the company has established a significant presence in interior and exterior architectural paints and coatings.
• Its subsidiary Woniu Mountain leads the building energy efficiency sector with thermal insulation systems, including rock wool boards and EPS/XPS panels.
• Tile adhesives and beauty sealants have achieved dominant market share in China's consumer retail segment through brands such as Huasha, representing a successful pivot from traditional B2B project work to the growing C-end market. Innovative Applications
The company has pioneered BIPV photovoltaic roofing systems that integrate TPO polymer waterproof membranes with solar components, targeting commercial and industrial roof installations across China. This diversification strategy positions Oriental Yuhong as a comprehensive construction materials provider serving multiple specialized segments within the industry, supported by more than 50 large-scale modern production, logistics, and R&D bases across the country.
Quick Facts
Headquarters
Beijing, China
Founded
1995
Employees
12K+
Revenue
RMB 32.8B (FY2025)
Market cap
$4 B
Factories
68 production bases across China, expanding internationally
Presence
100+ Countries
Listing
SZSE: 002271
Categories
18 categories · scroll for more
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Data Sources & Methodology
This corporate profile is compiled from publicly available sources including company annual reports, SEC/regulatory filings, official press releases, and verified third-party industry databases. Financial figures reflect the most recent fiscal year disclosures and are cross-validated across multiple independent references.
VerityRank Score is calculated using a proprietary multi-dimensional model evaluating market presence, financial strength, operational scale, innovation capacity, and brand influence. Individual dimension scores are normalized against industry peers and updated quarterly.
Disclaimer: This profile is for informational purposes only. VerityRank makes no warranties regarding completeness or timeliness. This content does not constitute investment advice or endorsement.
Key references: Official Website SZSE: 002271 , pitchbook.com, mordorintelligence.com, reportprime.com, six-group.com
