Group 1 - The core viewpoint of the news is that Guanglian Da is optimistic about its future growth and development, particularly in its digital cost business, which is seen as a cornerstone for the company [1] - Guanglian Da plans to expand its product application range and improve product renewal rates and market share by leveraging new policy lists to meet diverse customer needs in cost management [1] - The company is optimistic about the growth trend in urban renewal, although its current revenue contribution from this area is still low [1] Group 2 - The increase in sales expenses is attributed to higher advertising, promotion, and travel costs due to business development, while R&D expenses have risen due to software amortization and technology investment [1] - The company expects a significant decrease in overall labor costs for the year [1] - Guanglian Da's core business is primarily domestic, with a small proportion of foreign business, and local authorized sales and services are the main channels, limiting the direct impact of tariffs [1] Group 3 - The company aims to achieve its annual net profit target through an equity incentive plan, with quarterly data expected to fluctuate but striving for stable annual results [1] - Guanglian Da's AI strategy focuses on overcoming technical bottlenecks, enhancing competitiveness, and empowering products, with specific applications in Concetto, New Calculation, and Trading [1] - The company will showcase its progress at the construction industry summit in mid-May [1]

Financial Performance - In Q1 2025, the company achieved revenue of CNY 1.219 billion, a decrease of 5.24% year-on-year [1] - Net profit attributable to shareholders was CNY 29.84 million, a significant increase of 390.89% year-on-year [1] - Operating costs decreased by 18.42% year-on-year, primarily due to adjustments in outsourcing and raw material procurement costs [5] - Sales expenses increased by 3.7% year-on-year, driven by higher advertising, promotional, and travel costs [5] - Management expenses decreased by 20.28% year-on-year, mainly due to a reduction in one-time compensation and share-based payment expenses [5] Business Segment Performance - Digital cost business revenue was CNY 1.052 billion, a decrease of 4.69% year-on-year, with a stable renewal rate [2] - Digital construction business revenue was CNY 95.22 million, a decrease of 10.93% year-on-year, focusing on improving operational quality [3] - Digital design business revenue was CNY 5.80 million, slightly down from CNY 6.19 million year-on-year, with ongoing product recognition [4] Market Environment - National fixed asset investment grew by 4.2% year-on-year in Q1 2025, while real estate development investment continued to decline [1][2] - The construction industry remains in an adjustment phase, with Q1 typically being a low season due to seasonal factors [2] Strategic Adjustments - The company is focusing on profit-oriented strategies and resource allocation, optimizing personnel and business operations to maximize organizational potential [2] - Plans to enhance customer communication and resource preparation for targeted marketing in Q2 and the second half of the year [2] Future Outlook - Anticipated gradual improvement in the construction industry due to government fiscal policies and stabilization in real estate [4] - The company aims to leverage new market opportunities from policy changes and enhance product offerings to meet evolving customer needs [8][9] Personnel Management - The total number of employees decreased from 10,349 at the beginning of 2024 to 8,463 by the end of 2024 due to structural adjustments [6][7] - The company has completed personnel structure optimization in line with its 2025 strategic deployment [7] R&D and Cost Management - R&D expenses increased by 5.79% year-on-year, primarily due to software amortization [5] - The company has established a flexible budget control mechanism to manage expenses effectively throughout the year [10] Impact of External Factors - Tariffs have a limited direct impact on the company's business, as most operations are domestic with minimal international exposure [11][12] - The company is optimistic about the growth potential in urban renewal, which currently represents a small portion of its revenue [9]

证券代码：002410 证券简称：广联达 公告编号：2025-036 广联达科技股份有限公司 2024年度股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 股东出席总体情况：通过现场和网络投票的股东 806 人，代表股份 921,465,106 股，占公 司有表决权股份总数的 56.1033％。其中：通过现场投票的股东 27 人，代表股份 543,514,119 股，占公司有表决权股份总数的33.0918％。通过网络投票的股东779人，代表股份377,950,987 股，占公司有表决权股份总数的 23.0115％。 特别提示： 本次股东大会无否决、增加提案的情况，也不涉及变更前次股东大会决议事项。 一、会议召开和出席情况 1、会议召开情况 广联达科技股份有限公司（以下简称"公司"）2024 年度股东大会采取现场投票和网络投 票相结合的方式召开。 现场会议于 2025 年 4 月 28 日在北京市海淀区西北旺东路 10 号院东区 13 号楼广联达信息 大厦 101 会议室召开；通过深圳证券交易所交易系统进行网络投票的具体时间为：2025 年 4 ...

广联达科技股份有限公司（以下简称"公司"）第六届监事会第十六次会议于 2025 年 4 月 28 日在北京市海淀区西北旺东路 10 号院东区 13 号楼广联达信息大厦 621 会议室召开。本 次会议的通知已于 2025 年 4 月 23 日以电子邮件方式向全体监事发出。会议由公司监事会主席 王金洪先生召集和主持，会议应到监事 3 名，实到监事 3 名，公司董事会秘书、财务总监列席 了会议。本次会议的召集、召开程序符合《公司法》和《公司章程》的有关规定。 二、监事会会议审议情况 1、审议通过《关于<2025 年第一季度报告>的议案》 表决结果：同意票 3 票，反对票 0 票，弃权票 0 票。 证券代码：002410 证券简称：广联达 公告编号：2025-038 广联达科技股份有限公司 第六届监事会第十六次会议决议公告 本公司及监事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 一、监事会会议召开情况 广联达科技股份有限公司 监 事 会 二〇二五年四月二十八日 经审核，监事会认为：董事会编制和审核公司 2025 年第一季度报告的程序符合法律、行 政法规和中国证监会的规定，报告 ...

证券代码：002410 证券简称：广联达 公告编号：2025-037 广联达科技股份有限公司 第六届董事会第十九次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 一、董事会会议召开情况 广联达科技股份有限公司（以下简称"公司"）第六届董事会第十九次会议于 2025 年 4 月 28 日在北京市海淀区西北旺东路 10 号院东区 13 号楼广联达信息大厦 621 会议室召开。本 次会议的通知已于 2025 年 4 月 23 日以电子邮件方式向全体董事及监事发出。会议由公司董事 长袁正刚先生召集和主持，会议应到董事 9 名，实到董事 9 名，董事云浪生先生、李伟先生， 独立董事马永义先生、柴敏刚先生、徐井宏先生以通讯方式参会，公司监事、董事会秘书、财 务总监列席了会议。本次会议的召集、召开程序符合《公司法》和《公司章程》的有关规定。 二、董事会会议审议情况 1、审议通过《关于<2025 年第一季度报告>的议案》 表决结果：同意票 9 票，反对票 0 票，弃权票 0 票。 《2025 年第一季度报告》详见《中国证券报》《证券时报》《证券日报》《上海证券报 ...

关于调整 2025 年股票期权激励计划中股票期权行权价格的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性 陈述或重大遗漏。 广联达科技股份有限公司（以下简称"公司"）第六届董事会第十九次会议于2025年4月 28日召开，会议审议通过《关于调整2025年股票期权激励计划中股票期权行权价格的议案》， 现将具体情况公告如下： 一、2025 年股票期权激励计划简述 证券代码：002410 证券简称：广联达 公告编号：2025-040 广联达科技股份有限公司 1、2025 年 3 月 14 日，公司召开第六届董事会第十六次会议，审议通过了《关于公司<2025 年股票期权激励计划（草案）>及其摘要的议案》《关于公司<2025 年股票期权激励计划实施 考核管理办法>的议案》及《关于提请公司股东大会授权董事会办理 2025 年股票期权激励计划 相关事宜的议案》，相关议案已经公司董事会薪酬与考核委员会审议通过。 同日，公司召开第六届监事会第十三次会议，审议通过了《关于公司<2025 年股票期权激 励计划（草案）>及其摘要的议案》《关于公司<2025 年股票期权激励计划实施考核管理办法> 的 ...

北京市建国门北大街 8 号华润大厦 20 层 邮编：100005 电话：(86-10) 85191300 传真：(86-10) 85191350 junhebj@junhe.com 北京市君合律师事务所 关于广联达科技股份有限公司 2024 年度股东大会的法律意见书 致：广联达科技股份有限公司 北京市君合律师事务所受广联达科技股份有限公司（以下简称"贵公司"）的 委托，根据《中华人民共和国公司法》（以下简称"《公司法》"）、《上市公司股 东会规则》（以下简称"《股东会规则》"）等法律、法规、规章及《广联达科技 股份有限公司章程》（以下简称"《公司章程》"）的有关规定，就贵公司 2024 年 度股东大会（以下简称"本次股东大会"）有关事宜出具本法律意见书。 本法律意见书仅供见证本次股东大会相关事项合法性之目的而使用，未经本 所书面同意，任何人不得将其用作其他任何目的。 为出具本法律意见书之目的，本所委派律师列席了贵公司本次股东大会现场 会议，并根据有关法律法规的规定和要求，按照律师行业公认的业务标准、道德 规范和勤勉尽责精神，对贵公司提供的与本次股东大会有关的文件和现场会议召 开进程进行了见证。基于以上，本所律 ...

北京市建国门北大街 8 号华润大厦 20 层 邮编：100005 电话：(86-10) 8519-1300 传真：(86-10) 8519-1350 junhebj@junhe.com 北京市君合律师事务所 关于 广联达科技股份有限公司调整 2025 年股票期权激励计划股票期权行权 价格的法律意见书 北京市君合律师事务所 二零二五年四月 君合律师事务所 目 录 | 、 | 本次行权价格调整的批准与授权 | | --- | --- | | ւ | 本次行权价格调整的具体情况 . | | l í í | 结论意见 6 | 除非另有明确说明，本法律意见书中"不低于"、"不高于"、"达到"均含本 数。 2 北京市君合律师事务所 关于广联达科技股份有限公司调整 2025 年股票期权激励计划股票期权行权价格 l 释 义 在本法律意见书内，除非文义另有所指，下列词语具有下述涵义： | 本激励计划 | 指 | 广联达科技股份有限公司 2025 年股票期权激励 | | --- | --- | --- | | | | 计划 | | 激励计划（草案） | 指 | 《广联达科技股份有限公司 2025 年股票期权激 | | | | 励 ...

Revenue Performance - Revenue for Q1 2025 was CNY 1,218,942,898.74, a decrease of 5.24% compared to CNY 1,286,363,026.25 in the same period last year[6]. - Total operating revenue for the current period was ¥1,227,900,814.21, a decrease of 5.5% from ¥1,299,823,448.49 in the previous period[22]. - Cash received from sales and services was approximately $641.45 million, down from $660.95 million, indicating a decline in revenue generation[25]. Profitability - Net profit attributable to shareholders increased by 390.89% to CNY 29,836,965.24 from CNY 6,078,078.90 year-on-year[6]. - The net profit after deducting non-recurring gains and losses surged by 1,470.26% to CNY 19,009,934.76, compared to a loss of CNY 1,387,324.03 in the previous year[6]. - Net profit for the current period reached ¥40,698,882.01, compared to ¥14,169,171.67 in the previous period, representing an increase of 187.5%[23]. - The total comprehensive income for the current period was ¥52,102,723.19, compared to a loss of ¥12,153,562.21 in the previous period[23]. Earnings Per Share - Basic earnings per share rose by 389.19% to CNY 0.0181 from CNY 0.0037 in the same period last year[6]. - Basic earnings per share improved to ¥0.0181 from ¥0.0037, marking a significant increase[23]. Assets and Liabilities - Total assets decreased by 6.75% to CNY 9,540,995,167.76 from CNY 10,231,495,208.25 at the end of the previous year[6]. - The total assets decreased to ¥9,540,995,167.76 from ¥10,231,495,208.25, reflecting a decline of 6.7%[21]. - Total liabilities decreased to ¥3,408,384,130.30 from ¥4,151,986,886.98, a reduction of 17.9%[21]. - The company's equity attributable to shareholders increased to ¥5,999,871,496.10 from ¥5,959,199,717.88, showing a slight increase of 0.7%[21]. Cash Flow - Cash flow from operating activities improved by 8.58%, with a net outflow of CNY 685,688,728.77 compared to CNY 750,069,275.91 in the previous year[13]. - Operating cash flow for the period was -$685.69 million, a decrease from -$750.07 million in the previous period, indicating a slight improvement[25]. - Total cash outflow for operating activities was $1.37 billion, compared to $1.48 billion in the previous period, showing a reduction in operational cash expenses[25]. - Cash inflow from investment activities was $879.16 million, significantly higher than $263.15 million in the prior period, driven by increased cash recovered from investments[25]. - Cash outflow for investment activities totaled $1.15 billion, up from $813.65 million, resulting in a net cash flow from investment activities of -$272.54 million, an improvement from -$550.50 million[25]. - Cash flow from financing activities was -$6.09 million, a decrease from -$37.42 million, reflecting reduced cash outflows related to financing[26]. - The net increase in cash and cash equivalents was -$965.76 million, compared to -$1.34 billion in the previous period, indicating a reduction in cash depletion[26]. - The ending balance of cash and cash equivalents stood at $2.92 billion, up from $2.33 billion, showing a stronger liquidity position[26]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 80,350[14]. - The largest shareholder, Diao Zhizhong, holds 16.11% of shares, totaling 266,090,783 shares, with 95,319,000 shares pledged[14]. Investments and Incentives - The company has invested RMB 40.76 million in the Guangzhou Guangjian Technology Venture Capital Fund, focusing on AI, smart construction, and green technology[15]. - A stock option incentive plan was launched, granting 26,439,500 options at an exercise price of RMB 10.73 per option[15]. - The company plans to invest USD 5 million in BRICK & MORTAR VENTURES III, L.P., which targets a total fund size of USD 200 million[16]. - The company intends to repurchase between 5 million and 10 million shares at a price not exceeding RMB 21 per share for employee incentive plans[16]. Current Assets and Cash Position - The total current assets decreased from RMB 4,915,043,492.12 to RMB 4,226,968,710.61, a reduction of approximately 14%[19]. - Cash and cash equivalents decreased from RMB 3,905,302,411.51 to RMB 2,936,732,831.21, a decline of about 25%[19]. - The company's long-term equity investments decreased from RMB 247,142,998.67 to RMB 240,089,701.65, a decrease of approximately 3%[19]. - The total non-current assets include fixed assets valued at RMB 1,496,612,118.95, down from RMB 1,525,665,614.59[19]. Research and Development - Research and development expenses for the current period were ¥394,150,626.95, up from ¥372,588,504.00, indicating an increase of 5.8%[22]. Audit Status - The company has not yet audited its first-quarter report for 2025, which may impact the reliability of the financial data presented[27].

Core Insights - Goldman Sachs recently engaged with Chinese software supply chain companies to discuss customer software budgets, advancements in generative AI, and growth and profitability prospects for the second half of 2025. It is anticipated that the average revenue growth for Chinese software companies covered by Goldman Sachs will be 26% year-on-year in 2025, with sequential revenue growth expected across all four quarters [1]. Group 1: Generative AI Impact - The emergence of enhanced local foundational models, such as deep search models, has shifted customer software budgets from functional tools to generative AI software, leading to increased average revenue per user and attracting new paying customers [1]. - As demand rises and profitable business models for enterprise (B-end) and consumer (C-end) users become clearer, more software companies are investing in the development of application software based on foundational models [1]. - Generative AI is enabling enterprises to reduce operational costs, such as recruitment tools, with revenue from generative AI for covered Chinese software companies expected to rise from 0%-10% in 2025 to 10%-50% by 2028 [1]. Group 2: Revenue Contributions and Projections - The contribution of generative AI revenue to various companies is projected to increase significantly by 2028, with specific companies like Kingsoft Office and iFlytek expected to see substantial growth in their generative AI revenue contributions [2]. - The revenue growth for different segments, including electronic design automation, marketing, CAD/BIM, and automotive software, is expected to be robust in 2025, with generative AI applications playing a key role [10][29]. Group 3: Software Company Strategies - Companies are shifting their business models to subscription-based services, which provide predictable revenue streams and better operational leverage, particularly in the context of generative AI applications [7]. - Software companies are focusing on providing customized solutions for large clients while also developing standardized solutions for small and medium enterprises [24][25]. - The monetization of generative AI is occurring in both B-end and C-end markets, with existing clients paying more for upgraded versions with AI features and new clients converting from free to paid status more rapidly [26]. Group 4: Growth and Profitability Outlook - Companies like Kingsoft Office and Yonyou are expected to achieve steady revenue growth, with Kingsoft focusing on expanding its AI user base and Yonyou optimizing its product mix to improve gross margins [31]. - The automotive software sector is witnessing increased demand due to the push for intelligent vehicle strategies, benefiting the entire automotive technology supply chain [29]. - Cybersecurity companies are adapting to market demands by integrating multiple point solutions into platform offerings, driven by the increasing need for security solutions in the context of generative AI [30].