证券代码：002410 证券简称：广联达 公告编号：2025-002 广联达科技股份有限公司 经营范围：许可项目：投资管理。一般项目：私募股权投资基金管理、创业投资基金管理 服务（须在中国证券投资基金业协会完成登记备案后方可从事经营活动）。 主要股东情况：苏新义出资占比 71%；天津广济同舟企业管理合伙企业（有限合伙）出资 占比 19%；广达鸿毅（天津）企业管理有限公司出资占比 5%；北京刺桐投资管理有限公司出 资占比 5%。 广济惠达投资管理（天津）有限公司（以下简称"广济惠达"）已在中国证券投资基金业协 会进行备案登记（登记编号：P1032053）。广济惠达的控股股东及实际控制人为苏新义。 为推动广联达科技股份有限公司（以下简称"公司"）技术进步和业务拓展，公司拟通过全 资企业北京广联达创元投资中心（有限合伙）（以下简称"创元投资"）投资广州广建科创业投 资基金合伙企业（以下简称"广州基金"或"合伙企业"），并于2025年2月19日签署了相关合伙协 议。该合伙企业重点投资于新一代信息技术有关的硬科技领域，聚焦人工智能技术、智能建造、 数字科技、绿色低碳等早期企业、中小企业和高新技术企业。目标规模为人民币4 ...

Core Viewpoint - Guanglian Da (002410) announced a profit forecast for 2024, expecting a net profit between 220 million to 260 million yuan, representing a year-on-year growth of 89.92% to 124.45% [1] Company Performance - The stock price of Guanglian Da closed at 10.89 yuan, down 1.18% on the announcement day, with a trading volume of 2.34 billion yuan and a turnover rate of 1.35% [1] - Over the past five days, the stock has seen a slight increase of 0.18% [1] Market Reaction - Statistical analysis shows that 67.28% of stocks with a profit forecast increase of over 50% experienced a price increase on the announcement day [1] - Among these stocks, 22 companies hit the daily price limit on the announcement day [1] - Over a five-day period following the announcement, 70.51% of these stocks saw price increases [1]

Financial Projections - The estimated net profit for 2024 is projected to be between 22,000.00 and 26,000.00 thousand yuan, representing a year-on-year growth of 89.92% to 124.45% compared to 11,583.75 thousand yuan in the previous year[3]. - The estimated net profit after deducting non-recurring gains and losses is projected to be between 14,500.00 and 18,500.00 thousand yuan, indicating a year-on-year growth of 166.40% to 239.89% compared to 5,442.87 thousand yuan in the previous year[3]. - The basic earnings per share are expected to be between 0.1329 yuan and 0.1571 yuan, compared to 0.0702 yuan in the previous year[3]. - The financial data in the earnings forecast has not been audited, and specific financial figures will be detailed in the 2024 annual report[7]. Operational Performance - The total operating revenue is expected to slightly decline compared to 2023, while the quality of operations continues to improve[5]. - The digital construction business is focusing on core customer needs, leading to a reduction in hardware sales but an improvement in gross profit margin and profitability[6]. - The company has strengthened cost and expense control, resulting in a decrease in hardware costs and various expenses year-on-year, enhancing operational efficiency and profit growth[6]. Strategic Plans - In 2025, the company plans to accelerate the integration of design, cost precision, construction precision, and globalization strategies, focusing on core products, key regions, and major clients[6].

证券代码：002410 证券简称：广联达 公告编号：2024-085 广联达科技股份有限公司 董 事 会 二〇二四年十二月三十日 广联达科技股份有限公司（以下简称"公司"）接到控股股东刁志中先生通知，获悉其于 近期将持有本公司的部分股份解除质押，具体如下： 二、股东股份累计质押的基本情况 截至公告披露日，刁志中先生所持股份质押情况如下： | | | | | | | 已质押股份 | | 未质押股份 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股 | | | | | 占公 | 情况 | | 情况 | | | | | | 累计质押 | 占其所 | | | | | | | 东 | 持股数量 | 持股 | 股份数量 | 持股份 | 司总 | 已质押股 | 占已质 | 未质押股 | 占未质 | | 名 | （股） | 比例 | | | 股本 | 份限售和 | | 份限售和 | | | | | | （股） | 比例 | | | 押股份 | | 押股份 | | 称 | | | | | 比例 | 冻结数量 | | 冻结数量 | | | ...

证券代码：002410 证券简称：广联达 公告编号：2024-084 广联达科技股份有限公司 第六届董事会第十五次会议决议公告 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"）第六届董事会第十五次会议于 2024 年 12 月 30 日以通讯表决方式召开。本次会议的通知已于 2024 年 12 月 25 日以电子邮件方式向全体 董事发出。会议由公司董事长袁正刚先生召集，会议应表决董事 9 人，实际表决董事 9 人。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《关于制定公司<市值管理制度>的议案》 表决结果：同意票 9 票，反对票 0 票，弃权票 0 票。 为加强公司市值管理，切实推动公司投资价值提升，增强投资者回报，维护投资者利益， 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司信息披露管理办法》《上 市公司监管指引第 10 号——市值管理》等法律法规、规范性文件和《公司章程》等规定，公 司制定《市值管理制度》。 特此公 ...

Investment Rating - The report maintains an "Add" rating for the company [2][6]. Core Views - The company experienced a revenue decline of 8.03% year-on-year in the first three quarters of 2024, with a total revenue of 4.396 billion yuan. The net profit attributable to shareholders decreased by 18.48% year-on-year to 213 million yuan [5]. - In Q3 2024, the company achieved a revenue of 1.438 billion yuan, down 15.96% year-on-year, but the net profit attributable to shareholders increased by 59.71% year-on-year to 21 million yuan, indicating a significant improvement in profit growth compared to Q2 [5]. - The gross margin improved to 86.21% in Q3 2024, up 1.16 percentage points year-on-year, while the expense ratios for sales, management, and R&D were 26.48%, 22.90%, and 28.89%, respectively [5]. Financial Summary - The company's projected revenue for 2024 is 6.138 billion yuan, with a year-on-year decline of 6.5%. However, it is expected to grow by 8.8% in 2025 and 7.8% in 2026 [3]. - The net profit attributable to shareholders is forecasted to be 422 million yuan in 2024, 633 million yuan in 2025, and 794 million yuan in 2026, reflecting a significant recovery in profitability [3][6]. - The gross margin is expected to remain strong, with projections of 85.2% in 2024, 85.5% in 2025, and 85.4% in 2026 [3].

Company and Industry Overview * **Company**: Guolianda * **Industry**: Construction Technology and Services * **Focus**: Digital transformation in the construction industry, including cost management, design, and construction management software Key Points and Arguments 1. **Overall Performance**: * **Revenue**: 13.96 billion yuan in the first three quarters of 2024, down 8.03% year-on-year. * **Profit**: 2.13 billion yuan in the first three quarters of 2024, down 18.17% year-on-year. * **Challenges**: External factors such as slowing economic growth and internal factors such as strategic adjustments and cost control measures. 2. **Business Segments**: * **Cost Management Business**: Revenue of 36.25 billion yuan in the first three quarters of 2024, down 1.29% year-on-year. Focus on large customers and core products, with stable demand and application rates. * **Construction Business**: Revenue of 4.5 billion yuan in the first three quarters of 2024, down 40%. Market conditions are challenging due to reduced project starts. * **Design Business**: Revenue of 170 million yuan in the first three quarters of 2024, down 26.22% year-on-year. Focus on integrating design and cost management, with a focus on EPC projects and road design. 3. **Financial Highlights**: * **Cost Reduction**: Significant reductions in operating costs, sales expenses, and administrative expenses. * **Cash Flow**: Positive cash flow from operating activities, driven by improved collection and cost control measures. * **Investment**: Increased investment in research and development and international expansion. 4. **Future Outlook**: * **Macroeconomic Environment**: Positive outlook due to government policies and improving economic conditions. * **Industry Trends**: Digital transformation and increased demand for cost management and design software. * **Strategic Initiatives**: Focus on core products, expansion into new markets and industries, and internationalization. Additional Important Points * **New Tendering System**: Expected to positively impact Guolianda's cost management business. * **Personnel Adjustments**: Significant reduction in headcount to optimize operations and improve efficiency. * **Customer Focus**: Focus on large customers and key industries such as infrastructure and manufacturing. * **International Expansion**: Focus on Southeast Asia and other emerging markets. Conclusion Guolianda is facing challenges in the current market environment but is well-positioned for future growth due to its focus on digital transformation, cost management, and design software. The company's strategic initiatives and focus on core products and new markets are expected to drive future growth and profitability.

Investment Rating - The investment rating for the company is "Buy" (maintained) [1][10]. Core Views - The company is focusing on improving operational quality and is expected to benefit from policy support, leading to stabilization in the industry [1][6]. - The company has shifted its strategy from pursuing scale to focusing on profitability and cash flow, resulting in an improved contract structure for core products [1][2]. - The digital construction business is expected to enhance the quality of core products, while the digital design segment aims to establish project benchmarks for future scaling [4][6]. Financial Performance Summary - For the first three quarters of 2024, the company's revenue was 4.51 billion and 0.47 billion for digital construction and digital design businesses, respectively, reflecting a year-on-year decline of 40% and 26.22% [1]. - The total revenue for the first three quarters was 43.96 billion, down 8.03% year-on-year, with a net profit attributable to shareholders of 2.13 billion, down 18.47% year-on-year [2]. - In Q3 2024, the company reported revenue of 14.38 billion, a decrease of 15.96% year-on-year, but a significant increase in net profit of 0.21 billion, up 59.71% year-on-year [2]. Business Strategy and Market Outlook - The company is actively reducing low-margin product sales to enhance overall profitability, with a notable improvement in the contract structure of core products [1][2]. - The digital cost business generated 36.25 billion in revenue, with a slight decline of 1.29% year-on-year, while the renewal rate for pricing products remained stable despite lower new purchases due to industry conditions [3][4]. - The company plans to deepen relationships with existing clients and expand into new sectors such as international markets, infrastructure, and new energy to drive future growth [3][4]. Earnings Forecast - The company is projected to achieve revenues of 62.91 billion, 70.55 billion, and 79.93 billion for 2024, 2025, and 2026, respectively, with net profits expected to be 4.78 billion, 7.84 billion, and 9.92 billion [6][10]. - The estimated EPS for 2024, 2025, and 2026 are 0.29, 0.47, and 0.60, with corresponding P/E ratios of 46, 28, and 22 [6][10].

Investment Rating - The report maintains a "Buy" rating for the company [7] Core Views - The company reported a revenue of 4.4 billion yuan for the first three quarters of 2024, a year-on-year decrease of 8.0%, and a net profit attributable to shareholders of 210 million yuan, down 18.5% year-on-year. The Q3 2024 single-quarter revenue was 1.44 billion yuan, a year-on-year decline of 16.0%, while the net profit for the quarter was 20 million yuan, an increase of 59.7% year-on-year. Overall, the performance is in line with expectations [4][5] - The increase in expense ratios has put pressure on profits, with sales, management, and R&D expenses for Q3 2024 being 440 million, 300 million, and 450 million yuan respectively, leading to a rise in expense ratios [5] - The gross profit margin has stabilized, with Q3 2024 gross margin at 85.3%, up 1.1 percentage points year-on-year, and is expected to recover as the business structure optimizes [5][6] - Accounts receivable decreased to 1.1 billion yuan by the end of Q3 2024, indicating improved operational quality despite a decline in revenue [6] - The company has adjusted its management and R&D expense rate assumptions for 2024, leading to a downward revision of profit forecasts for 2024 while maintaining projections for 2025 and 2026 [7] Financial Summary - For 2024E, total revenue is projected at 7.074 billion yuan, with a year-on-year growth rate of 7.8%. The net profit attributable to shareholders is expected to be 480 million yuan, reflecting a significant increase of 314.1% year-on-year [8][9] - The gross margin is anticipated to be 86.3% in 2024E, with a gradual increase in subsequent years [8]

Financial Performance - In the first three quarters of 2024, the company achieved total revenue of 4.396 billion CNY, a year-on-year decrease of 8.03% [1] - The net profit attributable to shareholders was 213 million CNY, down 18.47% year-on-year [1] - Operating costs decreased by 15.22%, primarily due to reduced costs of raw materials and labor [5] - Sales expenses decreased by 14.77%, attributed to enhanced cost control measures [5] - R&D expenses decreased by 9.69%, reflecting a focus on core business areas [5] Business Segment Performance - Digital cost business revenue was 3.625 billion CNY, down 1.29% year-on-year [3] - Cloud contract revenue was 2.346 billion CNY, down 7.41% year-on-year [3] - Digital construction business revenue was 451 million CNY, down 40% year-on-year [4] - Digital design business revenue was 47 million CNY, down 26.22% year-on-year [4] External and Internal Factors - External factors include a weakening macroeconomic environment, with GDP growth slowing and real estate investment declining [3] - Internal adjustments included a strategic focus on core products and regions, leading to a reduction in non-core, low-margin product sales [3] - The company has optimized its product and business structure, achieving significant cost reductions [3] Future Outlook - The company anticipates a recovery in the construction industry due to recent policy measures aimed at stabilizing the real estate market [4] - There is a focus on expanding into new markets such as infrastructure, urban renewal, and manufacturing [5] - The company plans to enhance its digital transformation efforts to meet increasing customer demand for project management solutions [5]