GLODON(SZ:002410)2022-12-04 09:52Financial Performance - In 2019, the total revenue reached CNY 3.541 billion, representing a year-on-year growth of 21.91% [2] - Revenue from digital cost estimation business was CNY 2.452 billion, up by 19.17% [2] - Revenue from digital construction business was CNY 0.853 billion, showing a growth of 29.58% [2] - The net profit attributable to shareholders was CNY 0.234 billion, a decrease of 46.75% year-on-year [2] Adjusted Financial Metrics - Adjusted total revenue, considering cloud-related advance payments, was CNY 4.020 billion, with a growth of 26.05% [3] - Adjusted revenue from digital cost estimation business was CNY 2.932 billion, reflecting a growth of 25.25% [3] - Adjusted net profit attributable to shareholders was CNY 0.665 billion, down by 4.35% [3] Cloud Business Growth - The total signed cloud contract amount for digital cost estimation business was CNY 1.4 billion, increasing by 113.82% [3] - Cloud revenue reached CNY 0.921 billion, with a significant growth of 148.84% [3] - The cloud advance balance at the end of the period was CNY 0.894 billion, up by 115.62% compared to the beginning of the year [3] Strategic Developments - The company is in a critical phase of digital cost estimation cloud transformation, focusing on user conversion rates in new regions and increasing marketing expenditures [4] - The digital construction business is in an expansion phase, necessitating enhanced channel development [4] - R&D expenses grew by approximately 33% due to increased investment in new businesses and products to support the digital construction platform strategy [4] Future Outlook - The company plans to strengthen cost control measures and implement scientific management to ensure that expense growth aligns with business development [6] - The company is actively following up on the progress of its non-public offering, which is currently under review [4]