GLODON(002410) 中国金融信息网· Zhong Guo Jin Rong Xin Xi Wang·2025-05-13 00:52Core Viewpoint - The construction industry is facing significant challenges in 2024, leading to adjustments in the business strategies of companies like Glodon, which has been actively seeking structural opportunities in various sectors such as urban renewal, water conservancy, new energy, municipal pipelines, and smart transportation [1][2][8]. Financial Performance - In 2024, Glodon reported total revenue of 6.24 billion yuan, a year-on-year decrease of 4.88%, while net profit attributable to shareholders was 250 million yuan, showing a significant increase of 116.19% [2][4]. - For Q1 2024, the company achieved revenue of 1.219 billion yuan, down 5.24% year-on-year, but net profit rose to 29.84 million yuan, up 390.89% [2][4]. Business Segments - In 2024, the gross profit margin for the digital design segment was 95.7%, while the digital construction segment saw a decline from 54% in 2022 to 35.9% in 2024. The digital cost segment improved its margin from 91.2% in 2022 to 93.4% in 2024 [4][6]. - The digital cost business accounted for 80.39% of total revenue in 2024, while digital construction and digital design contributed 12.69% and 1.45%, respectively [4][6]. Strategic Adjustments - Glodon has made proactive adjustments in organizational structure, key regions, and market strategies to adapt to market changes, focusing on more refined management and customer engagement [2][7]. - The company is leveraging AI technology across its product offerings, integrating nearly 100 software systems to eliminate data silos and enhance operational efficiency [10][12]. Market Expansion - Glodon has been expanding into sectors beyond traditional construction, such as water conservancy and new energy, achieving positive results through collaboration with industry design institutes [7][8]. - The company has also been actively entering overseas markets, establishing subsidiaries in Southeast Asia and Europe, and has plans to launch its digital design software in Germany [8][9]. Future Outlook - The company anticipates new opportunities arising from policies in the digital cost business and aims to improve operational quality in digital construction [6][8]. - Glodon has set ambitious performance targets in its 2025 stock option incentive plan, aiming for a net profit of 563 million yuan and a growth rate of no less than 30% in 2026 [9].