广联达最新一期业绩显示，截至2025中报，公司营业总收入28.00亿元、同比减少5.37%，归属净利润 2.37亿元，同比增长23.65%，扣非净利润2.14亿元，同比增长22.67%，流动比率1.256、速动比率 1.237、资产负债率35.97%。 天眼查商业履历信息显示，广联达科技股份有限公司，成立于1998年，位于北京市，是一家以从事软件 和信息技术服务业为主的企业。企业注册资本166486.9506万人民币，实缴资本6730万人民币。公司法 定代表人为袁正刚。 金融界消息 截至2025年8月25日收盘，广联达（002410）报收于13.96元，上涨0.87%，换手率3.37%， 成交量53.54万手，成交金额7.45亿元。 资金流向方面，今日主力资金净流出4309.55万元，占比成交额5.79%。其中，超大单净流入1760.80万 元、占成交额2.36%，大单净流出6070.35万元、占成交额8.15%，中单净流出流出935.78万元、占成交 额1.26%，小单净流入5245.33万元、占成交额7.04%。 通过天眼查大数据分析，广联达科技股份有限公司共对外投资了46家企业，参与招投标项目5000次 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [4][13]. Core Views - The company is a leader in construction information technology, with maintained profit forecasts for 2025-2027 at 414 million, 577 million, and 652 million yuan respectively, and corresponding EPS of 0.25, 0.35, and 0.39 yuan per share. The current stock price corresponds to a PE ratio of 55.7, 40.0, and 35.4 for 2025-2027 [4][5]. Financial Performance Summary - In the first half of 2025, the company achieved operating revenue of 2.784 billion yuan, a year-on-year decline of 5.23%, while net profit attributable to the parent company was 237 million yuan, a year-on-year increase of 23.65%. In Q2 alone, operating revenue was 1.565 billion yuan, also down 5.23%, but net profit grew by 11.63% to 207 million yuan [5]. - The digital cost business generated 2.286 billion yuan in revenue, down 7.06% year-on-year, primarily due to a decrease in revenue from previously signed cloud contracts. The digital construction business saw an 8.21% increase in revenue to 312 million yuan, while the digital design business experienced a 13.11% decline to 31 million yuan. Overseas business revenue rose by 9.62% to 116 million yuan [5]. - The gross margin improved by 1.11 percentage points to 87.79% due to proactive adjustments in product structure, reducing sales of non-core and low-margin products. The net cash flow from operating activities was -554 million yuan, with a year-on-year narrowing of net outflow [5]. AI Integration and Product Development - The company has fully embraced AI, achieving significant milestones across multiple product areas. The industry AI platform has supported the development of over 80 AI products and the release of 17 AI applications, with service calls exceeding 40 million times in the first half of the year. The consumption of model services on the AI platform reached 14.3 billion tokens [6]. - AI has become a growth engine for the company, directly contributing over 40 million yuan in contract value, enhancing product competitiveness, and driving revenue growth [6]. Financial Projections - The company forecasts operating revenue of 6.51 billion yuan for 2025, with a year-on-year growth of 5.0%. Net profit attributable to the parent company is projected to be 414 million yuan, reflecting a 65.4% increase year-on-year. The gross margin is expected to be 84.7% in 2025 [7][9].

Group 1 - The core viewpoint of the news highlights the active performance of the big data industry, particularly in the data security sector, driven by the upcoming China International Big Data Industry Expo [1][3] - The China International Big Data Industry Expo will take place from August 28 to 30, featuring 375 companies including major players like Huawei and Baidu, showcasing advancements in digital infrastructure, AI models, data security, and smart terminals [3] - The big data industry is characterized by its large capacity, diverse types, rapid speed, high precision, and significant value, serving as a crucial driver for new industrialization [3] Group 2 - The Chinese government has implemented several policies to support the development of the big data industry, including the "14th Five-Year" plans and the "Data Element x" three-year action plan, providing strong policy backing for growth [3] - According to research from the National Data Development Research Institute, the number of data enterprises in China is expected to exceed 400,000 by 2024, with the industry scale reaching 5.86 trillion yuan, representing a 117% increase from the end of the 13th Five-Year Plan [3] - Long-term growth in the big data sector is anticipated, with significant improvements in model computing power and algorithm capabilities, addressing the challenges of high-quality data supply [4] Group 3 - The focus on data security within the big data industry ETF (516700) is emphasized, which tracks the CSI Big Data Industry Index and invests heavily in sectors like data centers and cloud computing [5] - Key stocks in the ETF include leading companies such as Inspur Information and China Software, with a positive outlook for investments in technology self-reliance [5] - The article suggests that the current environment is conducive for breakthroughs in new productive forces, driven by top-level design for digital China and accelerated domestic substitution processes [5]

Core Viewpoint - Guanglianda Technology Co., Ltd. has shown significant improvement in key operational metrics, including net profit, gross margin, cash flow, and asset turnover efficiency in the first half of 2025, driven by strategic adjustments and AI integration [1][2][3][4]. Financial Performance - The company reported a net profit of 237 million yuan, representing a year-on-year increase of 23.65% [1]. - Gross margin improved by 1.11 percentage points to 87.79% due to a strategic shift in product mix, focusing on core high-margin products [1]. - Cash received from sales increased by 162 million yuan year-on-year, with a 19% reduction in net cash outflow from operating activities [1]. - Accounts receivable decreased by 231 million yuan compared to the same period last year, indicating improved cash flow management [1]. AI Integration and Product Development - The company has embraced AI across multiple product areas, achieving significant results in design integration, cost precision, and construction refinement [2]. - AI-driven contracts exceeded 40 million yuan, contributing to revenue growth and enhancing product competitiveness [2]. - The AI and BIM technology integration in the road quantity calculation product led to a 68.49% year-on-year revenue increase [2]. Business Transformation and Market Expansion - The company is actively expanding its application scenarios for pricing and quantity products, focusing on urban renewal and municipal projects [3]. - The construction business has shown a turnaround with a 19.49% year-on-year revenue growth in the second quarter, supported by a shift towards standardized project-level products [3]. - The gross margin for the construction business rose to 52.01%, an increase of 26.03 percentage points compared to the same period last year [3]. International Business Development - The company has established a strong presence in overseas markets, particularly in Asia and Europe, with a dedicated customer department in Hong Kong [4]. - International revenue reached 64.75 million yuan in the second quarter, a year-on-year increase of 21.62%, reversing the decline seen in the first quarter [4]. - The customer renewal rate in the Asian region improved significantly, with a more than 10 percentage point increase in the second quarter compared to the first [4]. Future Outlook - The company aims to continue advancing its strategic initiatives in design integration, cost precision, construction refinement, and global expansion in the second half of 2025 [4].

Core Insights - Guanglianda (002410.SZ) reported a total operating revenue of 2.8 billion yuan for the first half of 2025, with a net profit attributable to shareholders of 237 million yuan, an increase of 45.37 million yuan compared to the same period last year, representing a year-on-year growth of 23.65% [1] Financial Performance - The company's latest asset-liability ratio stands at 35.97% [2] - The gross profit margin is 87.79%, up by 1.11 percentage points year-on-year, marking three consecutive years of increase [2] - The return on equity (ROE) is 4.05%, an increase of 0.79 percentage points compared to the same period last year [2] - The diluted earnings per share (EPS) is 0.14 yuan, an increase of 0.03 yuan year-on-year, reflecting a growth of 23.67% [2] - The total asset turnover ratio is 0.29 times, and the inventory turnover ratio is 6.03 times [2] Shareholder Structure - The number of shareholders is 90,000, with the top ten shareholders holding a total of 793 million shares, accounting for 48.03% of the total share capital [2] - The largest shareholder is Jiao Zhizhong, holding 16.11% of the shares [2] - Other significant shareholders include Hong Kong Central Clearing Limited (11.61%) and Chen Xiaohong (4.74%) [2]

Core Insights - Guanglianda (002410.SZ) reported its 2025 semi-annual results, revealing that as of August 25, 2025, 47 institutional investors held a total of 384 million shares, accounting for 23.24% of the company's total equity [1] - The top ten institutional investors collectively held 20.72% of the shares, with a decrease of 0.93 percentage points compared to the previous quarter [1] Institutional Holdings - In the public fund sector, 13 funds increased their holdings, with a total increase ratio of 0.98%, including notable funds like Southern CSI 500 ETF and Harvest Core Growth Mixed A [2] - Conversely, 9 public funds reduced their holdings, with a decrease ratio of 0.40%, including funds such as Bosera Growth Advantage Mixed A and Bosera Growth Leading Mixed A [2] - A total of 16 new public funds disclosed their holdings this period, while 30 funds from the previous quarter did not disclose their holdings again [2] Social Security Fund and Foreign Investment - One social security fund, the National Social Security Fund 102 Portfolio, reduced its holdings by 0.13% compared to the previous quarter [2] - One foreign fund, Hong Kong Central Clearing Limited, also reduced its holdings by 2.30% [2]

Core Viewpoint - Guanglian Da's half-year report for 2025 shows a decrease in revenue but an increase in net profit, indicating improved operational quality and potential for future growth through AI and international expansion [1][2]. Financial Performance - The company's revenue for the first half of the year was 2.784 billion yuan, a year-on-year decrease of 5.23% [1]. - Net profit attributable to shareholders was 237 million yuan, a year-on-year increase of 23.65% [1]. - Basic earnings per share were 0.1442 yuan, reflecting a growth of 23.67% year-on-year [1]. - Gross margin improved by 1.11 percentage points to 87.79% due to adjustments in product structure [2]. - Cash flow from operating activities saw a net outflow reduction of 19% year-on-year, with cash received from sales increasing by 162 million yuan [2]. Business Segment Analysis - Digital construction, digital design, and overseas business accounted for 16.49% of total revenue, an increase of nearly 2 percentage points [2]. - Digital cost business revenue was 2.286 billion yuan, down 7.06% year-on-year, primarily due to a decrease in revenue from previously signed cloud contracts [2]. - Digital construction revenue increased by 8.21% to 312 million yuan [2]. - Digital design revenue decreased by 13.11% to 31 million yuan [2]. - Overseas business revenue grew by 9.62% to 116 million yuan [2]. Operational Improvements - The company has seen a comprehensive improvement in key operational metrics, including net profit, gross margin, cash flow, and asset turnover efficiency [2]. - The digital construction business has shown signs of recovery, with a 19.49% year-on-year revenue growth in the second quarter [3]. - The gross margin for the construction business rose to 52.01%, an increase of 26.03 percentage points compared to the same period last year [3]. AI and International Expansion - AI has become a significant growth driver, with over 4,000 AI service calls and 143 billion tokens consumed in model service [5]. - AI directly contributed over 40 million yuan in contract amounts, enhancing product competitiveness and revenue growth [5]. - The company is focusing on international market development, with a 21.62% year-on-year revenue increase in the second quarter [6]. - The renewal rate for Asian clients improved significantly, indicating growing market acceptance [6]. Future Outlook - The company plans to continue advancing its strategic initiatives in design integration, cost precision, construction refinement, and globalization in the second half of the year [6].

Core Viewpoint - Guanglianda (002410.SZ) reported a decrease in operating revenue for the first half of 2025, while net profit showed significant growth, indicating a mixed performance amidst changing revenue structures [1] Financial Performance - The company achieved operating revenue of 2.784 billion yuan, a year-on-year decrease of 5.23% [1] - Net profit attributable to shareholders was 237 million yuan, reflecting a year-on-year increase of 23.65% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 214 million yuan, up 22.67% year-on-year [1] - Basic earnings per share were 0.1442 yuan [1] Revenue Structure - The revenue structure has diversified, with digital construction, digital design, and overseas business accounting for nearly a 2 percentage point increase, reaching 16.49% of total revenue [1] - Digital cost business generated revenue of 2.286 billion yuan, a year-on-year decrease of 7.06%, primarily due to reduced revenue from previously signed cloud contracts [1] - Digital construction business reported revenue of 312 million yuan, an increase of 8.21% year-on-year [1] - Digital design business generated revenue of 31 million yuan, a year-on-year decrease of 13.11% [1] - Overseas business achieved revenue of 116 million yuan, reflecting a year-on-year increase of 9.62% [1]

南财智讯8月25日电，广联达发布2025年半年度报告，报告期实现营业收入27.84亿元，同比下降 5.23%；归属上市公司股东的净利润2.37亿元，同比增长23.65%；扣除非经常性损益后的归属于上市公 司股东的净利润2.14亿元，同比增长22.67%；基本每股收益0.1442元。 ...

二〇二五年八月 1 广联达科技股份有限公司 2025 年半年度报告全文 2025 年半年度报告 广联达科技股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 公司负责人袁正刚、主管会计工作负责人刘建华及会计机构负责人(会计主管人员)王宁声明：保证 本半年度报告中财务报告的真实、准确、完整。 除下列董事外，其他董事亲自出席了审议本次半年报的董事会会议。 | 未亲自出席董事姓名 | 未亲自出席董事职务 | 未亲自出席会议原因 | 被委托人姓名 | | --- | --- | --- | --- | | 袁正刚 | 董事长 | 出差 | 刘谦 | 本半年度报告涉及的未来发展规划和经营目标等前瞻性陈述，属于公司计划性事务，不构成对投资 者的实质承诺，请投资者及相关人士对此保持足够的风险认识，理解计划、预测与承诺之间的差异，注 意投资风险。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 第一节 | 重要提示、目录和释义 | 2 | ...