GLODON(SZ:002410)2024-03-25 16:00Dividend Distribution - The company plans to distribute a cash dividend of 0.7 RMB per 10 shares to all shareholders, with the total share capital as the basis for the distribution [2]. - The company plans to distribute a cash dividend of 0.70 CNY per share (including tax) for every 10 shares, totaling 116,540,865.42 CNY in cash dividends [142]. - In 2023, the cash dividend amount (including tax) was CNY 116.54 million, which accounted for 100.61% of the net profit attributable to ordinary shareholders [141]. - The total cash dividend amount, including other methods, is 396,461,377.72 CNY, which represents a distribution from a distributable profit of 2,026,171,019.26 CNY [142]. Financial Performance - The company's operating revenue for 2023 was ¥6,524,575,067.70, a decrease of 0.42% compared to ¥6,552,355,812.47 in 2022 [11]. - The net profit attributable to shareholders for 2023 was ¥115,837,537.09, representing a significant decline of 88.02% from ¥966,734,779.17 in 2022 [11]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥54,428,701.01, down 94.08% from ¥919,252,904.33 in the previous year [11]. - The net cash flow from operating activities for 2023 was ¥636,957,826.53, a decrease of 61.34% compared to ¥1,647,598,520.47 in 2022 [11]. - The basic earnings per share for 2023 was ¥0.0702, down 88.04% from ¥0.5866 in 2022 [11]. - The total assets at the end of 2023 were ¥10,675,950,410.00, a decrease of 7.53% from ¥11,545,493,530.00 at the end of 2022 [11]. - The net assets attributable to shareholders at the end of 2023 were ¥5,882,546,802.94, down 6.80% from ¥6,311,747,170.12 at the end of 2022 [11]. Strategic Initiatives - The company is in the process of implementing its "Nine Three" strategic plan, which spans from 2023 to 2025, focusing on digital construction and technology integration [5]. - The company is positioned as a digital construction platform service provider, aiming to leverage digital transformation to enhance competitiveness in the construction sector [19]. - The company aims to complete its second entrepreneurial phase by 2025, addressing the increasing demand for high-quality development in the construction industry [32]. - The company is shifting its focus from pursuing scale to improving operational quality in its digital construction business, aiming for sustainable growth [35]. Digital Transformation - The company is focused on leveraging technologies such as BIM, AI, and cloud computing to drive industry transformation and enhance project success rates [5]. - The company has established a digital ecosystem for construction projects, integrating various technologies to improve efficiency and collaboration [5]. - The company provides digital solutions across the entire lifecycle of construction projects, focusing on digital cost, digital construction, and digital design business segments [23]. - The digital cost business primarily offers software products and data services, utilizing a SaaS model to enhance project management for various stakeholders [23]. - The digital construction business focuses on providing platform-based solutions for project management, with a low market penetration rate indicating significant growth potential [24]. - The company has developed a leading PaaS platform for the construction industry, facilitating business integration, product adaptation, application development, and ecosystem promotion [27]. Research and Development - R&D investment totaled CNY 19.63 billion, up 5.65% year-on-year, representing 30.09% of total revenue [39]. - The company achieved a research and development investment of approximately CNY 1.96 billion in 2023, representing a 5.65% increase from CNY 1.86 billion in 2022 [66]. - The number of R&D personnel increased to 4,702 in 2023, an 8.39% rise from 4,338 in 2022, with R&D personnel now constituting 45.43% of the workforce [65]. - The company launched new products and services, including AI applications in engineering measurement, enhancing user modeling efficiency and accuracy [67]. Market and Industry Insights - The construction industry in China achieved a total output value of ¥31.59 trillion in 2023, with a year-on-year growth of 5.77% [19]. - The average profit margin in the construction industry dropped to 2.64% in 2023, continuing a downward trend since 2016 [20]. - The digital construction market in China is expected to maintain a compound annual growth rate (CAGR) of over 10% before 2025, significantly outpacing the historical growth rate of 3-7% for the construction industry's added value [21]. Governance and Compliance - The company has established a comprehensive information management and disclosure system to enhance transparency and ensure compliance with legal regulations [106]. - The company has a robust organizational structure, allowing for independent decision-making within its operational and administrative functions [109]. - The company has a complete and independent personnel management system, ensuring employee compensation is separate from that of other enterprises controlled by shareholders [109]. - The company has implemented a comprehensive risk management system, with the board of directors overseeing its establishment and implementation [154]. Employee and Management - The total number of employees at the end of the reporting period is 10,349, with 6,007 in the parent company and 4,342 in major subsidiaries [133]. - The company has a structured remuneration system that includes basic salary, other income, and annual bonuses [126]. - The total pre-tax remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 20.42 million [125]. - The company has implemented over 380 training programs during the reporting period, enhancing the overall quality of talent and supporting organizational strategic goals [136]. Acquisitions and Investments - The company completed a 100% acquisition of Beijing Guanglian Da Tianxia Technology Co., Ltd. for ¥13.26 million and a 51% acquisition of EQUA Simulation AB for approximately ¥102.57 million [81]. - The company has invested ¥147.19 million in the Xi'an Guanglian Da Digital Construction Product R&D and Industrialization Base, with a project completion rate of 93.37% [82]. - The company is focusing on expanding its market presence through strategic investments and acquisitions in the software and technology services sector [81]. Sustainability and Social Responsibility - The company emphasizes sustainable development strategies focusing on environmental responsibility, social goodwill, and economic growth [160]. - The company is actively reducing its carbon footprint and promoting green procurement throughout its operations [160]. - The company has initiated various community support activities, including donations and safety education for vulnerable groups [161]. - The company actively supports rural revitalization and poverty alleviation, providing funding and technical support to develop local特色产业 brands, benefiting farmers in Shanxi, Hebei, Hunan, and Guizhou [162].