Group 1: AI Strategy and Advantages - The company has developed a large model, AecGPT, specifically for the construction industry, which was released in 2024 and can pass the national construction examination with high scores [2] - Key elements for successful industrial AI include high-quality data, valuable scenarios, and reliable models [2] - The company possesses a comprehensive engineering construction knowledge base that supports the construction large model [2] Group 2: AI Application Scenarios - The company focuses on three main directions for AI scenario implementation: integrated design, refined cost management, and precise construction management [3][4] - In integrated design, AI is used to enhance design workflows and assist in construction drawing design [3] - Refined cost management leverages AI and data to drive detailed cost management throughout the project lifecycle [4] Group 3: Value Measurement and Commercialization - High-value AI applications should be able to deliver a complete task process, be measurable in value, and continuously learn and optimize [5] - The AI intelligent bidding product has been implemented in 716 construction bidding projects in Hainan, resulting in an average bid reduction rate of 8% and saving approximately CNY 4.56 billion [5] - The commercial value of AI products is closely linked to technological maturity and the ability to meet new demands [6] Group 4: Future AI Opportunities - Future high-value AI scenarios will emerge from both technological breakthroughs and evolving market demands [7] - The upcoming market reforms in September 2025 will drive the need for effective data management and cost control in the construction industry [7] - The company is developing an automatic database construction product that will enhance data collection and analysis efficiency [7]

广联达（002410.SZ）公司动态报告 触底反转，向 AI 而生 2025 年 06 月 03 日 ➢ 核心业务稳步发展，2024 年业绩大幅改善。1）核心业务稳步发展：数字成 本业务持续从单岗位工具向成本全过程应用场景升级，传统造价工具续费率、应 用率保持稳定，成本测算产品深耕大客户、应用率不断提升；数维设计业务方面， 数维房建完成多个价值标杆打造，数维道路设计方案能力全面覆盖路桥隧专业， 截至 2024 年应用项目数量增长至 1440 家。数字施工业务主动调整经营思路， 从追求经营规模转向对利润和现金流的管理。2）毛利率上升、费用端持续优化， 推动 2024 年净利润快速回暖：2024 年公司归母净利润 2.5 亿元，同比增长 116.19%。实现扣非归母净利润 1.74 亿元，同比增长 219.92%。 ➢ 政策有望推动下游景气度回暖，SaaS 龙头有望开启发展新征程。1）政策推 动下游回暖：2024 年 9 月，中国央行会同国家金融监督管理总局出台四项金融 支持房地产政策；《2025 年国务院政府工作报告》提出，持续用力推动房地产市 场止跌回稳，有序搭建相关基础性制度，加快构建房地产发展新模式。公司 ...