防水材料行业是不起眼的“好行业”，东方雨虹是防水行业率先突破百亿的企业，自2008年上市以来，连续10年平均复合增长率在35%左右，增速远超行业增速和同行企业，铸就了建筑防水隐蔽工程领域的“隐形冠军”。东方雨虹的核心竞争力有哪些？基于行业、经济周期的发展逻辑有哪些？资本市场在尝试着给出答案。

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.