控股股东刁志中保证向本公司提供的信息内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一 致。 特别提示： 广联达科技股份有限公司（以下简称"广联达"或"公司"）于2025年7月23日发布《关于 控股股东、部分董事减持股份预披露公告》（公告编号：2025-050），其中控股股东刁志中先生 计划在减持预披露公告披露之日起15个交易日后的3个月内以集中竞价/大宗交易方式减持公 司股份不超过3,280万股。截至目前，刁志中先生已完成减持并提前终止减持计划。 证券代码：002410 证券简称：广联达 公告编号：2025-062 广联达科技股份有限公司 关于控股股东提前终止减持计划暨减持实施结果的公告 1、本次减持计划的实施符合《中华人民共和国公司法》《中华人民共和国证券法》《深圳 证券交易所股票上市规则》《上市公司自律监管指引第1号——主板上市公司规范运作》《上市 公司股东减持股份管理暂行办法》《深圳证券交易所上市公司自律监管指引第18号——股东及 董事、高级管理人员减持股份》《上市公司董事和高级管理人员所持本公司股份及其变动管理 规则》等法律法规 ...

证券代码：002410 证券简称：广联达 公告编号：2025-061 广联达科技股份有限公司 关于控股股东股份变动触及1%整数倍的公告 控股股东刁志中保证向本公司提供的信息内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一 致。 | 信息披露义务人 | 刁志中 | | --- | --- | | 住所 | 北京市海淀区 | | 权益变动时间 | 年 月 年 月 日 2025 10 30 日—2025 10 31 | | 权益变动过程 | 控股股东刁志中先生通过大宗交易方式转让公司股份200万股至一 致行动人北京健妍兴业企业管理合伙企业（有限合伙）（简称"合 伙企业"）；通过集中竞价方式减持公司股份899.9973万股。具体 详见《关于控股股东提前终止减持计划暨减持实施结果的公告》 （2025-062）。 | | 股票简称 | 广联达 股票代码 002410 | | 变动方向 | 上升□ 下降√ 一致行动人 有√ 无□ | | 是否为第一大股东或实际控制人 | 是√ 否□ | | 股份种类 | 减持股数（万股） 减持比例（%） | | A ...

Core Viewpoint - The controlling shareholder of Guanglian Da, Diao Zhizhong, plans to reduce his stake by up to 32.8 million shares within three months, indicating a significant change in ownership structure [1] Group 1: Shareholding Changes - Diao Zhizhong has already reduced his holdings by 11 million shares, which represents 0.67% of the company's total share capital [1] - The reduction includes 9 million shares sold through centralized bidding at an average price of 14.38 yuan per share and 2 million shares transferred to a related party at a price of 13.2 yuan per share [1] - After the reduction, Diao Zhizhong holds 255 million shares, accounting for 15.57% of the total shares [1]

Core Viewpoint - The event "Tech Leading the Way: Jingcai Intelligent Manufacturing" highlighted the importance of AI in driving digital transformation in the construction industry, showcasing the advancements and future strategies of companies like Guanglian Da Technology Co., Ltd. Group 1: Company Overview - Guanglian Da Technology Co., Ltd. is a digital construction platform service provider, offering comprehensive digital solutions throughout the entire lifecycle of construction projects [1] - The company's revenue from digital cost services is expected to exceed 80% of total revenue in 2024 [1] Group 2: Financial Performance - In the first three quarters of 2025, Guanglian Da reported a revenue of 4.27 billion yuan, a year-on-year decrease of 2.22% [1] - The net profit attributable to shareholders for the same period was 311 million yuan, reflecting a year-on-year increase of 45.90% [1] - The company's non-recurring net profit reached 275 million yuan, up 49.15% year-on-year [1] Group 3: AI Development and Strategy - Guanglian Da established a dedicated AI research team in 2015 and entered a results-intensive phase in 2024, launching several AI models and platforms [2] - The company has proposed an "ALL IN AI" strategy, integrating AI capabilities into all its products, positioning AI as a key driver for future transformation [2] - Guanglian Da plans to release an "AI Application Action Guide for Construction Enterprises" in 2025 and is actively participating in national key research projects [2] Group 4: Market Insights - According to Minsheng Securities, Guanglian Da's SaaS model for digital cost and construction services is gaining value, with improving gross margins and ongoing cost optimization driving a rapid recovery in performance [3] - The company's deep understanding of the industry combined with AI technology is expected to unlock new growth opportunities in the long term [3]

Group 1: Event Overview - The "京彩不设限·经济热力站" monthly thematic visit event was held in Beijing, focusing on "Technology Leading the Way, Beijing Intelligent Manufacturing" [1] - The event involved a collective interview with 12 media outlets, highlighting the development of intelligent manufacturing enterprises in Beijing [1] Group 2: Company Highlights - Guanglianda Technology Co., Ltd. is the first A-share listed company in China's construction engineering information sector, providing digital solutions for the entire lifecycle of buildings [2] - Guanglianda has established an AI research team since 2015 and is entering a results-intensive phase in 2024, with the launch of AecGPT and various AI models for the construction industry [2] - Beijing Automotive Co., Ltd. (Beijing Off-road) showcases advanced intelligent manufacturing technologies in its smart factory, including welding robots and AGV unmanned transport vehicles [3] - Beijing Off-road has developed a diverse product matrix covering various off-road vehicle scenarios, enhancing its market recognition [3] - Kaiyun Group, a national-level specialized "little giant" enterprise in commercial aerospace, has established the first space data operation center in China and is focused on space safety [4][5] - Kaiyun Group has built a comprehensive space observation network with 30 ground observation stations and 108 satellites, addressing domestic data gaps in space [5] - Helis Group focuses on industrial intelligence, transportation intelligence, and food and drug intelligence, providing customized solutions and services [5][6] - Helis Group plans to launch the XMagital intelligent system in 2025, integrating production control and management [6] Group 3: Industry Trends - The integration of new information technology and advanced manufacturing is accelerating the digital and intelligent transformation of the global manufacturing industry [4] - Intelligent manufacturing is becoming a significant trend in industrial transformation, with Beijing promoting high-quality economic development through innovation [6]

Core Viewpoint - The digital construction industry in China is expected to grow steadily from 62.04 billion yuan in 2025 to 98.85 billion yuan by 2027, driven by advancements in AI, BIM, and other technologies [1][3]. Group 1: Industry Growth and Technology Integration - The digital construction industry is projected to expand significantly, with AI permeating various stages of the construction lifecycle, enhancing efficiency and cost savings [1][3]. - Technologies such as BIM, cloud computing, big data, and industrial AI are providing robust support for the digital construction industry, broadening application scenarios [3][4]. - The digitalization of planning and design is emerging as a crucial segment, with software solutions evolving to cover the entire construction lifecycle [3][4]. Group 2: Market Dynamics and Future Trends - The construction digitalization market is experiencing growth due to a combination of technological, policy, and demand factors, characterized by refined management and intelligent construction [4][5]. - The report highlights the importance of high-quality data, reliable models, and valuable scenarios in driving the application of industrial AI across various levels of the construction industry [4][5]. - Key players in the BIM software market are emerging, with a focus on enhancing industrial software development and core technology breakthroughs to support the digital transformation of the construction industry [5].

Market Trends - The domestic market indices showed a slight decline, with the Shanghai Composite Index closing at 3,988.22, down 0.22%, and the Shenzhen Component Index at 13,430.10, down 0.44% [4] Industry Insights - The "Wind Energy Beijing Declaration 2.0" was released, highlighting new opportunities in the wind power materials sector, with a target of achieving 1.3 billion kilowatts of cumulative installed wind power capacity by 2030 and 2 billion kilowatts by 2035 [9] - The home appliance industry is experiencing a mixed performance, with the home appliance index underperforming the broader market, showing a 7% increase, ranking 22 out of 31 sectors [12][14] - The semiconductor sector is expected to see continued demand growth, driven by AI trends, with the global semiconductor market projected to reach $700.9 billion in 2025, reflecting an 11.2% year-on-year increase [26] Company Performance - Guo Lian Da (002410.SZ) reported a turnaround in Q3 revenue growth, with significant improvements in profitability, achieving a net profit of 0.74 billion yuan, up 244.89% year-on-year [16][18] - Quartz Holdings (603688.SH) is positioned as a leader in high-purity quartz sand, with a focus on the photovoltaic and semiconductor sectors, and is expected to benefit from domestic substitution trends [22][24] - Wan Hua Chemical (600309.SH) reported a year-on-year increase in Q3 performance, with a focus on industry recovery [25][29] Investment Recommendations - The report suggests focusing on companies in the wind power materials sector, such as Times New Materials and Mega Chip Color, due to the favorable outlook following the "Wind Energy Beijing Declaration 2.0" [9] - In the home appliance sector, it is recommended to invest in companies with low valuations and high dividends, such as Gree Electric, Midea Group, and Haier Smart Home, to leverage their defensive characteristics [14] - For the semiconductor industry, companies like Quartz Holdings are highlighted for their strong market position and potential for growth in the context of domestic substitution [22][26]

Investment Rating - The report maintains an "Accumulate-A" rating for the company Guanglian Da (002410.SZ) [1][6] Core Insights - The company's Q3 revenue growth turned positive, with significant improvement in profitability. For the first three quarters of 2025, the company achieved revenue of 4.27 billion yuan, a year-on-year decrease of 2.22%, while net profit attributable to shareholders increased by 45.90% to 311 million yuan [4][5] - In Q3 2025, the company reported revenue of 1.49 billion yuan, a year-on-year increase of 3.96%, and net profit attributable to shareholders surged by 244.89% to 74 million yuan [4][5] Summary by Sections Financial Performance - For the first three quarters of 2025, the company achieved a revenue of 4.27 billion yuan, with a net profit of 311 million yuan, reflecting a 45.90% increase year-on-year. The Q3 revenue was 1.49 billion yuan, with a net profit of 74 million yuan, marking a 244.89% increase year-on-year [4][5] - The company's gross margin reached 86.52% in Q3, an increase of 1.26 percentage points year-on-year, while the net profit margin improved to 5.66%, up 3.90 percentage points year-on-year [5] Business Segments - The digital cost business generated 1.16 billion yuan in Q3, remaining stable year-on-year, driven by new implementations and improved renewal rates. The digital construction business saw a revenue increase of 33.09% to 217 million yuan, with a gross margin of 54.28% [4][5] - The digital design business, still in its early promotion phase, achieved a revenue of 17.2 million yuan, a year-on-year increase of 51.33%. The overseas business generated 61 million yuan, growing by 11.36% year-on-year [4][5] Future Outlook - The company is expected to benefit from the ongoing digital transformation in the construction industry. The EPS forecasts for 2025-2027 are 0.29, 0.37, and 0.48 yuan, respectively, with corresponding P/E ratios of 49.4, 37.9, and 29.4 [6]

Group 1: Industry Outlook and Opportunities - The real estate sector is transitioning from large-scale expansion to quality improvement, presenting challenges such as reduced investment and project numbers, but the overall construction industry remains robust with annual output in the trillions [1][2] - Future market opportunities are identified in infrastructure investments (e.g., water conservancy, highways, railways), urban renewal projects, and the construction of industrial facilities, driven by a shift towards digital management and efficiency [2][3] Group 2: Cost Management and Business Growth - The company's cost management services have evolved from traditional bidding processes to comprehensive lifecycle cost management, enhancing client value and deepening business applications [3][4] - Growth in the cost management sector is supported by expanding product modules and increasing service depth, alongside favorable market conditions driven by new policy implementations [4][5] Group 3: Construction Business Strategy - The construction business remains a strategic focus, with adjustments made to improve profitability by shifting from hardware integration to pure software solutions, resulting in reduced operational costs and improved gross margins [4][5] - The company emphasizes cash flow and profit over revenue scale, aiming for high per capita output and healthy business development through internal management adjustments [5][6] Group 4: Design and Digital Transformation - The design business is crucial for digital transformation in the construction industry, with significant investments made over the past decade, including the acquisition of Luoyang Hongye and the launch of the GuoLiangDa Digital Series software [5][6] - The company aims to enhance product applicability and promote integrated design-cost solutions to address client challenges effectively [6][7] Group 5: International Expansion and AI Integration - The company is actively pursuing international expansion, particularly in Asia and Europe, with strategies focused on global product development and leveraging existing brand recognition [6][7] - AI technology is a key focus, with all products being enhanced by AI capabilities, aiming to transform software from efficiency tools to value-driven services [7][8] Group 6: Cost Control and Future Planning - The company maintains strict cost control measures, focusing on improving employee efficiency and managing expenses dynamically throughout the year [7][8] - Future strategic directions include deepening AI integration, expanding overseas markets, and continuing to focus on core construction business opportunities despite current industry adjustments [8]

Core Insights - Guanglianda's stock price increased by 2.05% on October 28, reaching 14.44 CNY per share, with a total market capitalization of 23.854 billion CNY [1] - The company has seen a year-to-date stock price increase of 24.36%, with notable gains over various trading periods [1][2] - Guanglianda's main business involves software development for the construction industry, with a significant portion of revenue coming from digital cost and project management software [2] Financial Performance - For the period from January to September 2025, Guanglianda reported a revenue of 4.294 billion CNY, a year-on-year decrease of 2.31%, while net profit attributable to shareholders increased by 45.90% to 311 million CNY [2] - The company has distributed a total of 3.690 billion CNY in dividends since its A-share listing, with 836 million CNY distributed over the past three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders decreased by 2.56% to 98,700, with an average of 16,091 circulating shares per shareholder, an increase of 2.63% [2] - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 161 million shares, a decrease of 31.299 million shares from the previous period [3]