[年报]广联达(002410):2025年年度报告摘要（英文版）
StockCode:002410 StockAbbreviation:Glodon AnnouncementNo.:2026-004GlodonCompanyLimited AnnualReport2025(Summary) I.ImportantNotice ThissummaryofannualreportisabstractedfromthefulltextoftheAnnualReport2025.InordertofullyunderstandtheCompany’soperatingresults,financialpositionandfuturedevelopmentplans,investorsareadvisedtocarefullyreadthefulltextoftheAnnualReport2025onthemediadesignatedbytheChinaSecuritiesRegulatoryCommission. AlldirectorsattendedthemeetingofBoardofDirectorsatwhichtheReportwasreviewed.Non-standardauditopinionnotification □Applicable?Notapplicable TheprofitdistributionproposalforordinarysharesortheproposaltocapitalreservecapitalizationfortheReportingPeriodasconsideredbytheBoardofDirectors ?Applicable□Notapplicable Whethertoimplementcapitalreservecapitalization □Yes?No TheprofitdistributionplanoftheCompanyconsideredandapprovedbytheBoardofDirectorsisasfollows:acashdividendofRMB2.3(includingtax)forevery10sharesheldbyalltheShareholders,basedonthetotalsharecapitaloftheCompanyasofthedateofregistrationofshareholdingswhenimplementingtheprofitdistributionplanin2026,withnobonussharesandnoconversionofcapitalreservetosharecapital.ProfitdistributionproposalforpreferredsharesduringtheReportingPeriodpassedbytheBoardofDirectors□Applicable?Notapplicable AnnualReport2025(Summary) AnnualReport2025(Summary)
Asadigitalconstructionplatformserviceprovider,Glodonfocusesonengineeringprojectsasitsfundamentalbusinessunits,coveringtheentirelifecycleofsuchprojects.Centeredoncostmanagement,theCompanyprovidesclientswitharangeofsoftware-centricproductsandservices.Itsbusinessservesallparticipantsacrosstheindustrychainworldwide,includingdevelopers,designers,consultingintermediaries,contractors,manufacturers, materialsuppliers,andbuildingoperators. Focusingontheentirelifecycleofanengineeringprojectandthevaluechain,theCompanydividesitsoperationsintothreemainbusinesssegmentsandotherancillaryservicesduringtheReportingPeriod.ThethreeprimarybusinesssegmentsareDigitalDesign,DigitalCost,andDigitalConstruction.Otherbusinessactivitiesincludedigitalinnovationunitsthatprovideproductiveservicestoupstreamanddownstreamlinksrelevanttoprojectsuccess,suchasDigitalIndustryServices,DigitalEducation,andDigitalSupply&Procurement.Theseactivitiesarefurtherdividedintodomesticandoverseasbusinessesbasedonglobalregions.The Digital Cost business primarily serves various participants in construction project management by offeringproductsolutionsunderaSaaSmodelthatintegratesoftwaretoolsanddataservices.ItempowersclientstoachieverefinedcostmanagementefficientlythroughindustryAI.TheDigitalCostbusinessencompassesGlodon’squantitytakeoffproductseries,pricingproductseries,andengineeringdataservices.Eachproductseries keepspacewithindustrydevelopments,andthroughthedeepintegrationofAItechnologyanddataassets,notonlyhasdataprocessingefficiencybeensignificantlyimproved,butacoreleapfromdatacollectiontointelligent decision-makinghasalsobeenachieved. AnnualReport2025(Summary) TheDigital Construction businessfocuses on the construction phase ofengineering projects, providingconstructionenterpriseswithplatform-basedsolutionsthatspanprojectmanagementtoenterprisemanagementthrougha“platform+modularcomponents”approach.Thisbusinesssegmentincludesproject-levelproductstargetingcoreproductionelementsofconstruction,suchasmaterialmanagement,labormanagement,andsmarthardware; project-level products targeting key process management, such as data-driven PMSmart, safety management,andschedulemanagement;aswellasenterprise-levelproductsandintegratedproject-enterprisemanagementsolutions.ByharnessingIoT,bigdata,andAItechnologies,theDigitalConstructionbusinessenhancesprojectqualityandefficiency. TheDigitalDesignbusinessprimarilyservesarchitecturaldesigninstitutesaswellasinfrastructuredesigninstitutesinmunicipalengineeringandtransportationsectors.Relyingonthefullyself-developedGDMP3Dgraphicsplatformwithindependentintellectualpropertyrights,andadoptinga“platform+specializeddesignproducts”model,itprovides3Ddesignproductsandservices.Itsbusinessscopecoverstheentireprojectdesignlifecycle,includingconceptualdesign,preliminarydesign,constructiondrawingdesign,anddetaileddesign.MajorproductsincludetheAI-poweredconceptualdesignproductConcetto;digitalbuildingdesign,digitalcollaborationplatform,anddrawingreviewproductsforthebuildingconstructionsector;anddigitaldesignproductsforinfrastructuresectorssuchasroads,bridges,andpipelines.OtherbusinessesmainlyincludeDigitalIndustryServices,DigitalEducation,DigitalSupply&Procurement,aswellasbusinessesservingotherrelevantstakeholderstosupportprojectsuccess,suchasDigitalEnergy,RealEstate&UrbanInvestment,SmartConstructionMarketplace,UrbanProjects,andFinTech.Amongthese,theDigitalIndustry Services businessis rooted intheconstruction engineering sectorand focuses on industry regulators,serviceproviders,andotherrelevantstakeholders.Itiscommittedtodeliveringsystematicdigitaland intelligentsolutionsthroughtechnologicalinnovationssuchasBIM,bigdata,AI,and5G,buildinganefficientandintelligentdigitalecosystemforindustrygovernance,facilitatingthedigitaltransformationofgovernance services,andenhancinggovernancecapabilities.TheDigitalEducationbusinesscentersonthedevelopmentofatalentpipelinesystemfortheconstructionindustry,aimingtoprovideprofessionaleducationservicesforindustry talent.Itfocusesonimprovingthecognitiveandskilllevelsofkeypositions,establishinganintegratedtalentdevelopment supply chain, and supplying more high-quality professionals to support the transformation, upgrading,andhealthydevelopmentoftheconstructionindustry.TheDigitalSupply&Procurementbusinessdeeplyintegratesdigitaltechnologieswiththebuildingmaterialssupplychain.LeveragingthePingfangwang(平AnnualReport2025(Summary) anddemand,itprovidesconstructionenterpriseswithprocurementservicessuchassourcing,supplierrecruitment, pricecomparison,andinspectionandmatchmaking,alongwithdigitalapplications.Foravastnumberofbuildingmaterialssuppliers,itoffersintelligentmarketingsolutionsacrossfourmajorscenarios:marketinsights,brand promotion,productpromotion,andprecisioncustomeracquisition. Intermsofoverseasoperations,theCompanyprovidesend-to-endsolutionscoveringdesign,performanceanalysis, cost management, and construction to global design institutes, consulting firms, and construction enterprises.KeyproductsincludetheMagiCADseriesforthedesignphase,theCubiCostseriesforthecostmanagementphase,andtheGSiteseriesfortheconstructionphase. (I)OverviewoftheCompany’sperformanceduringtheReportingPeriodDuringtheReportingPeriod,inthefaceofacomplexandrapidlychangingexternalenvironment,theCompanymaintainedstrongstrategicfocus,proactively adaptedtochanges,andcontinuouslyoptimizeditsproduct portfolio and business structure. It concentrated on core products, high-potential regions, and key customers, while persistently refining and enhancing product competitiveness and deepening customerengagement.Ontheonehand,theCompanyintensifiedeffortsincoretechnologyR&Danditerativeproductupgrades, focusing on customers’key needs torefine software functionalities and userexperience, thereby strengtheningdifferentiatedcompetitiveadvantagesandreinforcingitstechnologicalandproductbarriers.Onthe otherhand,itdeepenedcustomeroperationsthroughcontinuousmarketsegmentation,accuratelyidentifyingthecoreneedsofvariouscustomersegmentsanddeliveringsolutionsandhigh-qualityservicesbetteralignedwithspecificusescenarios.Thisapproachsuccessfullyestablishedaseriesofbenchmarkapplicationsforkeypromoted products,providingsolidsupportforlong-termperformancegrowth.In2025,theCompanyachievedoperatingrevenueofRMB6.068billion,remaininglargelystable.NetprofitattributabletoshareholdersofthelistedcompanyreachedRMB405million,representingasignificantyear-on-yearincreaseof61.77%,withprofitabilityfurtherenhanced.NetcashflowfromoperatingactivitiesamountedtoRMB1.057billion,indicatingsoundoperatingquality.DuringtheReportingPeriod,theDigitalCostbusinessmaintainedasolidfoundation,withcustomerrenewalratessteadilyimprovingandrapidrevenuegrowthachievedincertainkeyproducts.TheDigitalConstructionbusinessbegantoshowinitialresultsfromitsstrategicfocus,withbothrevenueandgrossmarginrecordingsolidgrowthandoperatingqualitycontinuingtoimprove.TheDigitalDesignbusinessacceleratedthepromotionofkeyproducts,withthenumberofcustomersadoptingdigitaldesign products, the number of projects, and the number of benchmark projects increasing rapidly. The AnnualReport2025(Summary) Meanwhile,theindustry-specificlargemodelfortheconstructionsectorcontinuedtoiterate,withAIapplications comprehensivelydeployedacrossscenariossuchasintegrateddesign,refinedcostmanagement,andrefinedconstructionmanagement,resultingincontinuousbreakthroughsinproductvalue.Onthebasisofdeepeningandsolidifyingproductvalueandcustomerengagement,theCompanyplacedstrongemphasisonstrengtheningorganizationalandmechanismdevelopmenttoenergizeboththeorganizationanditstalentpool.Withinkeybreakthroughbusinesses,theSTLorganizationalmodel(characterizedasacross-functional,highlyempowered,andgoal-orientedstructureestablishedforspecifictasks)wassuccessfullypiloted andimplemented,deliveringpositiveresultsandsupportingbusinessbreakthroughs.Internally,theCompanyimplementedavaluecontribution-orientedpositionsystem,focusingontwocoregroups—productlinesandcustomer segments—and rolled out as well as optimized differentiated performance, incentive, and talent developmentprograms.Intalentmanagement,ititerativelyupgradedleadershipcompetencyrequirementsandselectedandcultivatedahigh-qualitycadreteam.Inadditiontoorganizationalandtalentdevelopment,duringthe reportingperiodtheCompanyalsostrengthenedrefinedinternalmanagementandenhancedoperationalefficiency.Throughprocessstandardizationanddigitalempowerment,itfurtheroptimizedend-to-endcollaborationacrossproductR&D,sales,andservice,achievingimprovementsinR&Defficiency,deliveryefficiency,andservicequality.TheCompanyalsocontinuedtooptimizeresourceallocation,reinforcedcostbudgetingandcontrol,strictly managed non-core expenditures, and strengthened return-on-investment requirements. During the ReportingPeriod,theCompany’sadministrativeexpenseratiodecreasedby2.39percentagepoints,whilerevenuepercapitaandprofitpercapitabothincreased,reflectingamarkedimprovementinoperatingefficiencyandoverallquality. (II)DetailedAnalysisofKeyBusinessSegments 1.DigitalCostBusiness:StableOperationswithContinuousGrowthinNewBusinessTheDigitalCostbusinessincludesproductsrelatedtoprojectquantitytakeoff,projectpricing,engineeringdata,andprojectcostmanagement.Duringthereportingperiod,theDigitalCostbusinessgeneratedoperatingrevenueofRMB4.779billion,representingayear-on-yeardecreaseof4.16%.Thedeclinewasprimarilyduetoanoverallreductionininvestmentinthebuildingconstructionsector,whichaffecteddemandfromsomesmall-andmedium-sizedclients,leadingtoaslightdropinrevenuefromtheCompany’scost-estimatingsoftware.However,theCompany’sproductspossessstrongessentialdemandandhighcustomerstickiness,resultinginastable-to-risingoverallrenewalrate.Customerdemandforhigh-qualitybiddingandrefinedcostmanagementAnnualReport2025(Summary) andZhibiaowang (指标网:A professionalplatformoffering construction costindex informationfor costestimators))aswellasinbid-clearingsoftware.Additionally,adoptionratesandpenetrationofmajorclientsfor costestimationandaccountingproductscontinuedtoclimbsteadily.Currently,constructionenterprises areundergoingtransformationandupgrading,movingtowardhigh-qualitydevelopment.Companiesareactivelyadjustingtheirbusinessstructuresandstrengtheningcross-regionaloperations,whichhasintensifiedtheirdemand forhigh-qualitybiddingandrefinedcostmanagement.ThistrendhasplayedanimportantroleindrivingthegrowthoftheCompany’sDigitalCostbusiness.InNovember2024,theMinistryofHousingandUrban-RuralDevelopmentissuedtheStandardforBillofQuantitiesPricingofConstructionProjects(referredtoasthe“NewBillofQuantities”),whichcameintoeffectonSeptember1,2025.The“NewBillofQuantities”policyaimstopromotemarket-orientedreforminprojectcosting.Asthispolicyisgraduallyimplementednationwide,itwillacceleratetheadoptionofmarket-basedcostandpricingmanagementsystemswithintheconstructionindustry.Consequently,clientdemandformarket-orienteddataandservicesisexpectedtocontinueincreasing,providingfavorableconditionsforthepromotionandgrowthoftheCompany’sDigitalCostbusiness.Specifically,intheproductdomain,theQuantityTakeoffproductsreleasedanUrbanRenewaledition,achievingcomprehensivesupportofthequantitytakeoffseriesforurbanrenewalprojects.Pricingproductsfocusedonvalueupgradesinthewaterconservancysector,withthenumberofapplicationsforwaterconservancypricingproductsgrowingrapidly.Bid-clearingproductsunderwentAI-poweredupgrades,achievingkeyvalueimprovementssuchasPDFfileparsingandintelligentdocumentgeneration,supportingthescalablegrowthofthebid-clearingbusiness.EngineeringDataproductsfocusedonbuildingcapabilitiestosupportdiversemarket-orienteddatarequirements,providinghigh-qualitydataservicesacrosstheentireprojectinvestmentlifecycle. Cost Estimation and Accounting products targeted large construction clients, integrating estimation and accountingfunctionalitiestocreatebenchmarkapplications,enhanceproductadoptionandpenetration,andhelpclientsimproverefinedcostmanagement. 2.DigitalConstructionBusiness:FirmTransformationwithSignificantImprovementinOperatingQuality TheDigitalConstruction businessincludes bothenterprise-level managementsoftwareand project-levelmanagement software, covering project comprehensive decision-making, materials management, labormanagement,safetymanagement,intelligenttowercranes,andotherfunctionalities.DuringtheReportingPeriod, theDigitalConstructionbusinessachievedoperatingrevenueofRMB846million,representingayear-on-yearAnnualReport2025(Summary) theproductside,theconstructionbusinessfocusedonupgradingproductvalueacrosscorescenarios,includingmaterials,personnel,andmachinery,aswellassafety,schedule,andcostmanagementduringproduction.Onthemarketing side, efforts were concentrated on key regions nationwide andpriority clients, strengthening the Company’spresenceincoreareasandincreasingpenetrationamongmajorcustomers.Operationally,productandcoststructureswerecontinuouslyoptimized.Asaresultoftheseefforts,theconstructionbusinessmaintainedrevenuegrowth,achievedasubstantialincreaseingrossmargin,andrealizedamarkedimprovementinoveralloperatingquality. Specifically,productssuchasIntelligentTowerCranes,PMSmart(aprojectcomprehensivedecision-makingproduct), and Enterprise-Level Management Software achieved growth against the market trend, delivering outstandingperformance.IntelligentTowerCranesfocusedoncollisionavoidance,AI“TenNo-Lift”protocols,andautonomousdrivingtechnologies,continuouslyupgradedtosupportclientsinrefinedtowercraneoperations.Remote-assisteddrivingforkeyproductsachievedbreakthroughs withmultiplemajorclients,drivingrapidrevenuegrowth.PMSmart,aprojectcomprehensivedecision-makingproduct,leveragedAI-drivenautomateddatacollectionandanalysistodelivercost-savingvalueforclients.Benchmarkconstructionofmodelchannelsandsalesrevenuebothachievedbreakthroughprogress,bringingtheproductintothestageoflarge-scalepromotion.Enterprise-LevelManagementSoftware,drivenbydataandAI-enableddecision-making,providessystematicsolutionstohelpclientsupgradeoperationsandmanagement.DuringtheReportingPeriod,revenuefromthisproductremainedstableandcontinuedtogrow. 3. Digital Design Business: Accelerated Promotion with Significant Achievements in BenchmarkProductApplications TheCompanyiscurrentlyfocusingonpromotingitsnewproducts,DigitalBuildingDesignandDigitalInfrastructure Design. Revenue from the legacy design products of its subsidiary Hongye Technology has graduallydeclined.DuringtheReportingPeriod,theDigitalDesignbusinessachievedoperatingrevenueofRMB71.1719million,representingayear-on-yeardecreaseof21.04%. DigitalBuildingDesignisa3Dforward-designsoftwareforconstructiondrawingdesigninthebuildingconstructionsector,coveringarchitecturaldesign,structuraldesign,MEPdesign,andaBIMdesigncollaboration platform.DigitalBuildingDesigntargetsEPCgeneralcontractingprojects,withafocusonpromotingthedesigninstitutesaffiliatedwithEPCcontractors,aimingtoestablishbenchmarkapplicationsforintegrateddesignandquantitytakeoffvalue.DuringtheReportingPeriod,DigitalBuildingDesignemphasizedmulti-disciplinary3DAnnualReport2025(Summary) collaborativedesign,itenabledbudgetcontrolovercostsduringthedesignprocessviatheintegrateddesign-quantitytakeofffunctionality,helpingdesigninstitutesincreasethevalueoftheirdesignoutputs.DuringtheReportingPeriod,DigitalBuildingDesignobtainedcertificationfordomesticadaptation.Efficiencyinmulti-disciplinarydesignand2Ddraftingsignificantlyimproved,andtheintegrateddesign-quantitytakeoffcapability wasfurtherstrengthened.Coveragemetclientneeds,andapplicationscenarioscontinuedtoexpandanddiversify.In2025,thenumberofclientsandprojectsusingDigitalBuildingDesign,aswellasbenchmarkclientsandbenchmarkprojects,increasedrapidly.Significantbreakthroughswereachievedwithkeymajorclients,withtheir coverageandpenetrationcontinuingtorise. DigitalInfrastructureDesignincludesDigitalRoadDesignandDigitalPipelineDesign.DigitalRoadDesignisaBIMprofessionaldesignsoftwarefocusedonroads,bridges,andtunnels,coveringthefullprocessfromconceptualdesigntoconstructiondrawingdesign.Itconsistsofthreesubsystems—road,bridge,andtunnel—providingcomprehensivesolutionsforroadengineeringdesign.DuringtheReportingPeriod,DigitalRoadDesignwascapableofmodelingurbanroadsandhighwayexpansionprojectsincompliancewithBIMdeliverystandards,establishingbenchmarkapplicationsatmultipleprovincialhighwayinstitutes.Italsosupportedoutputforurban roadexpansionprojects,achievingintegratedconceptualandconstructiondrawingdesign,andhadbeenappliedinseveraldesigninstitutes.DigitalPipelineDesignisanext-generationBIMsoftwaredevelopedformunicipalpipelinedesigners,aimedatimprovingdesignqualityandefficiencyandenabling3Dforwarddesignwithoutputgeneration.DuringtheReportingPeriod,DigitalPipelineDesignwasadaptedtourbanrenewalprojects,withcomprehensive scenario coverage meeting both BIM design and BIM delivery requirements. Core designcapabilitiesandefficiencyweresignificantlyenhanced,effectivelysupportingurbanrenewalpipelinenetworkdesignneeds,andbenchmarkapplicationswerecompletedinmultiplekeymunicipaldesigninstitutes.DuringtheReportingPeriod,DigitalInfrastructureDesignproductswerepromotedatanacceleratedpace,withthenumberofclientsandprojectsusingtheproductsmaintainingrapidgrowth. 4.OverseasBusiness:AcceleratedExpansionwithRapidRevenueGrowthDuringtheReportingPeriod,theCompanyacceleratedthedevelopmentofglobalcapabilitiesinproductdevelopment,marketing,service,andoperationalmanagement,whilebuildingaglobaltalentmanagementsystemandsteadilyadvancingthe internationalizationofitscorebusinesses.Overseas businessachievedoperatingrevenueofRMB240million,representingayear-on-yearincreaseof18.18%.TheDigitalCostbusinessestablishedscalablefootholdsinAsia.InSoutheastAsia,byaligningwithregionalAnnualReport2025(Summary) amongmajorcontractors,small-andmedium-sizedconsultingfirms,andsmall-andmedium-sizedcontractorsallcontinuingtoincrease.IntheMiddleEast,marketentryvalidationwassuccessfullycompleted.IntheEuropeanmarket,theDigitalDesignbusinessfocusedonpromotingMEPdesignproducts.RevenuefromtheMagiCADproductcontinuedtogrowsteadily,whileexpansioneffortsincreasedtowardEuropeanmarketsbeyondtheNordicregion.DevelopmentofthenewproductMCINNOVAMEP,builtonGlodon’sproprietaryunderlyingplatform,progressedsmoothlyandhasenteredthepilotstagewithbenchmarkclientstovalidateproductvalueand business model. In the Digital Construction business, the GSite product secured client contracts and implementation in the United Kingdom, completing value validation with small construction clients and establishingmultiplebenchmarkapplicationsdemonstratingitsvalue.In2025,theCompanyestablisheddeepconnectionsinHongKongwithindustryregulators,keyenterprises,andleadinguniversities,buildingabrandimageasanenablerofdigitalandintelligenttransformationintheinternationalconstructionsector,andproviding internationalizeddigitalsolutionsforindustrystakeholders.Revenuefromcost-relatedbusinessinHongKongmaintained healthy growth, with client coverage and penetration steadily increasing, and multiple client applicationsandscalablebenchmarksestablished.DigitalBuildingDesignandconstructionbusinessproductshavealsocompletedmultiplepilotprojectsinHongKong,validatingproductvalueandbusinessmodels.5.ComprehensiveAIDeployment:ContinuousBreakthroughsinProductValueDuringtheReportingPeriod,theCompanydevelopedAIproductscenteredonthreehigh-valuescenarios:integrateddesign, refinedcost management, and refined construction management. Intheintegrated design scenario,theconceptualdesignproductConcettofocusedontheearlyplanningandconceptualdesignstagesofconstructionprojects,usingAItoreconstructtheconceptualdesignworkflow.TheCompany’sDigitalDesignproductsfurtherenhanceddesigners’operationalefficiencyanduserexperiencethroughAI-assistedfunctionality. Intherefinedcostmanagementscenario,AIcombinedwithdatadrivesdetailedcostmanagementacrosstheentireprojectlifecycle,withkeyapplicationsincludingAIQuantityTakeoff,AIPricing,AIBidEvaluation,andAIBid-Clearing,continuouslyenhancingproductcapabilities.DuringtheReportingPeriod,AIIndustrialInstallationQuantityTakeoffenabledmulti-drawingone-clickquantitygeneration,achievingaccuracythatmeetspracticalrequirements;AIHighwayQuantityTakeoffextendedAIquantitytakeoffcapabilitiestobridgesandtunnels,significantly improvingefficiency throughone-click drawing replication;AIIntelligent Pricing substantially improvedtheaccuracyofAI-basedstandardquotaapplicationforbillitems;AIBidEvaluationnowcoverscivil,installation,municipal,transportation,andwaterconservancydisciplines,withfull-processprecisioncontinuously AnnualReport2025(Summary) increasing AI penetration in bid-clearing workflows. In the refined construction management scenario, the CompanyfocusedondevelopingAI-assistedprojectdecisionanalysisandAI-drivenproductionsafetyproducts.Duringthe reporting period, AI-Assisted Decision-Makingcentered on the projectcomprehensive decision- makingproductPMSmart.LeveragingAIcapabilitiesindatacollection,governance,integration,andanalyticaldecision-making,itsupportsprojectmanagersinoperationalanalysisandmanagementdecisions.AISafetycapturesconstructionsiteimagesthroughmulti-terminalcamerasandanalyzeson-sitevisualsusingcomputervision(CV)multi-modallargemodelstoidentifysafetyhazards,therebysupportinginformeddecision-makinginsafetymanagement. (III)ProspectsfortheCompany’sFutureDevelopment 2026markstheinauguralyearofGlodon’s“13thStrategicPlan”.Duringthisperiod,theCompanywillcontinue to deepen its focus on digital and intelligent transformation in the construction industry. By systematicallydeconstructingtheindustryandconcentratingonthe“DigitalCostBusiness”asacoreanchor,Glodonaimstoleverageitskeyproductadvantagestohelpclientsachieverefinedprojectmanagement,realizingboth cost savings and operational ease. This, in turn, will drive a business flywheel, enabling systematic refinementacrossoperations,precisioninthesupplychain,andultimatelythedevelopmentofanindustrializedAI platformforconstruction,positioningGlodonasagloballeaderindigitalconstructionplatforms.Duringthe“13thStrategicPlan”period,theCompanywillfullyleveragethecollaborativeadvantagesacrossdesign,cost,andconstruction,integratingrelevantcoreproductsbasedonthissynergy.TheCompany’svaluepropositionwillbecomprehensivelyupgradedinthreedimensions:(1)Systematicness:Byintegratingdesignwithcost,costwithconstruction,anddesignwithconstruction,theCompanyaimstomaximizevaluedeliveryacrosstheentireprojectlifecycle,helpingclientssavemoneyandreduceoperationalcomplexity.(2)Platformorientation: Throughin-depthanalysisofbusinessfundamentals,theCompanywillbuildabusinesstwinplatformtosupportcomprehensivetechnicalandmanagerialdecision-making,openplatformcapabilities,anddevelopadiverseecosystemofpartners.(3)AIempowerment:TheCompanywillestablishAIcapabilitiesspanninglanguage,imagery,andmodeling,empoweringallproductsandecosystempartnersthroughData+AI,andcreatingnewproductparadigms. In2026,theCompanyaimstobuildonasolidfoundationofexistingbusinesseswhileactivelyexpandingincrementalbusinessopportunities,strivingforfurthergrowthinoperatingrevenueandnetprofit.Intermsofindustryexpansion,theCompanywillextenditsreachfromthebuildingconstructionsectorintoinfrastructureAnnualReport2025(Summary) water conservancy, power, and petrochemicals, as well as in sectors including building renovation, road reconstruction,andundergroundpipelineupgrading.Intermsofcustomerexpansion,effortswillextendfromlargeclientsandmajorprojectstosmall-andmedium-sizedclientsandprojects,leveraginglightweightproductsandprecisionmarketingstrategiestoaccelerateadoption.Intermsofdemandexpansion,theCompanywillexpand from cost solutions during the bidding and tendering stage to refined cost management solutions throughoutconstructionandsettlementprocesses.Intermsofproductexpansion,developmentwillprogressfromefficiency-enhancingtoolstointegrated,AI-enabledtoolsanddatasolutions,usingAI-driveninnovationstocreatenewproductmodelsandopennewmarketopportunities.Intermsofpolicyexpansion,leveragingthe“NewBillofQuantities”topromotemarket-orientedreforminprojectcosting,theCompanywillacceleratepenetration ofrelatedmarket-orienteddataservices.Intermsofgeographicexpansion,resourceswillbeincreasedbeyondthedomesticmarketintoSoutheastAsiaandEuropetoaccelerateinternationalgrowth.Thespecificbreakdownbybusinesssegmentisasfollows: 1.DigitalCostBusiness: TheCompany’sDigitalCostbusinessfocusesonclientneedsforend-to-endcostmanagement,frombiddingandtenderingthroughconstruction.Ithasbuiltacomprehensiveproductmatrix,providing clients with integrated solutions covering tools, data, auditing, and cost compilation. As a long- establishedcostexpertintheconstructionindustry,theDigitalCostbusinessenjoysstrongcustomerstickiness, formingahigh-barriermoat.In2026,thecorestrategicgoalfortheDigitalCostbusinessistoachieveexcellenceinrefinedcostmanagement.Centeredonthefulllifecycleofcost-relatedoperationsanddrivenbyan“AI+Integration”engine,theCompanyaimstoupgradethevalueofitsplatformproducts,consolidatetheexistingfoundation,andstrengthennewgrowth.TheDigitalCostbusinesswillfullyleveragetheopportunitiesarisingfromthenationwideimplementationofthe“NewBillofQuantities”policytoexpandthemarketshareofcost-estimatingsoftware.ByempoweringproductswithAIandhigh-qualitydata,theCompanywillacceleratethelarge-scaledeploymentofengineeringdata,bid-clearing,andcostestimationandaccountingproducts.Inthedomesticincrementalmarket,theDigitalCostbusinesswillfocusoninfrastructure,industrialconstruction,urban renewal,andnumeroussmall-andmedium-sizedprojectsandclients.Marketingeffortswillbeintensified,andAI-enabledsolutionswillprovideclientswithmoretailoredproductsanddiversifiedbusinessmodelstoaccelerate expansionintonewmarkets.Forinternationalmarketdevelopment,theCompanyplanstolaunchglobalversionsofitsquantitytakeoffandpricingsoftwarein2026,withafocusonSoutheastAsia.Byinvestingadditionalresourcesanddeliveringhigher-qualityproductsandservices,theCompanyaimstodriverapidgrowthinoverseasAnnualReport2025(Summary) 2. Digital Construction Business: The Company’s Digital Construction business integrates coretechnologiessuchasBIM,IoT,AI,andbigdata,focusingonaseriesofcriticalon-sitescenariosincludingmaterials, labor, schedule, machinery, safety, and cost management. It provides comprehensive digital and intelligentmanagementsolutionsspanningproject-leveltoenterprise-leveloperations,meetingclients’needsfor integrateddecision-makingandrefinedmanagementduringconstruction.In2026,thecorestrategicobjectivefortheDigitalConstructionbusinessistoachieveexcellenceinrefinedconstructionmanagement.Centeredonthevaluepropositionof“NoSavings,NoPayment”,thebusinesswillfocusonPMLeadandPMSmartasthetwocoreproducts,targetinghigh-valueapplicationscenariosenabledbyDATA+AI.Thisrepresentsakeystrategicbattletorealizethevalueoftheconstructionbusinessandachievehigh-qualitygrowth.EnterprisemanagementproductsareempoweredbydataandAI,focusingontheoperationalanalysisneedsofenterprisedecision-makers.TheCompanyselectshigh-qualitybuildingandinfrastructureclientstosupporttheiroperationalandmanagementupgrades. Project management products emphasize data-driven, platform-oriented solutions, systematically addressing the complex requirements of comprehensive project management. The PMSmart comprehensivedecision-makingproduct serves as the projectdecision platform, integrating various projectdata (including quantitytakeoff,schedule,materials,andlabor)andleveragingAIcapabilitiesindatacollectionandanalysisto assistprojectmanagersinoperationalanalysisandmanagementdecisions.Materialsmanagementproductsdrivegrowththroughnew-valuescenariossuchasmobilesupply-demandmanagement,self-servicematerialcheck-in/out, and unattended material acceptance. Labor management continues to innovate through non-closed attendancetrackingandwagemanagement,andonthebasisofearlypilots,expandsthetransitiontoannualsubscriptionmodels.Safetymanagementproductsfocusoncriticalproductionsafetyscenariosatprojectsites,usingdata,algorithms,andAItomonitoron-sitesafetyissuesinrealtime,withthegoalofachieving“zeromajorsafetyaccidents”andmaximizingproductvalue.Intelligenthardwareproductsprimarilytargettowercranesafety andremoteoperationsolutions,aimingtobecometheindustryleaderinremotetowercraneoperation.3.DigitalDesignBusiness:TheCompany’sDigitalDesignbusiness,builtonaproprietarygraphicsengine,servesbuildingconstruction,road-bridge-tunnel,andpipelineprojects,providingprofessional3DBIMdesignsoftware.ThemainproductcategoriesareDigitalBuildingDesignandDigitalInfrastructureDesign.In2026,thecore strategic objective for the Digital Design business is to achieve integrated design excellence. Using benchmarkbreakthroughsasthekeyapproach,theCompanyaimstorealizeavalueleapfromstandalonetoolstoaplatform,andfromisolatedfunctionstointegratedsolutions,securingdecisivevictoriesindesign.TheCompany AnnualReport2025(Summary) establishingbenchmarkapplicationstoshowcaseproductvalue,andacceleratinglarge-scaleadoption.DigitalBuildingDesignwillprioritizedesigninstitutesaffiliatedwithEPCgeneralcontractors,advancingthelarge-scale establishmentofintegrateddesign-costbenchmarks.Thedemonstrationeffectgeneratedbythesebenchmarkapplicationswillpromotetheadoptionandwidespreaduseofforward3DBIMdesignacrosstheindustry.DigitalRoadDesignandDigitalPipelineDesignhaveenteredastageofscalablegrowth.Targetingkeymunicipaldesigninstitutesandmajorurbanmunicipalclients,theCompanywillseizeopportunitiesinnewconstructionandrenovationofroadsandpipelines,accelerateimprovementsinproductcoverageandpenetration,sustainrevenuegrowth,andfurtherenhanceprofitability. 4.InternationalBusinessDevelopment: In2026,theCompanywilltreatinternationalizationasakeystrategicpriority,acceleratingtheglobalizationofitsthreecorebusinesses—design,cost,andconstruction.By increasingoverseasresourceinvestment,speedingupproductiterationandupgrades,andconsolidatingandexpandingoverseasfootholds,theCompanyaimstofullyadvanceglobaldeploymentandlocalizedoperations,acceleratescalablegrowthininternationalbusiness,andcontinuouslyenhanceitscorecompetitivenessandmarket influenceintheglobaldigitalconstructionsector.In2026,theDigitalCostbusinesswillexpandrapidlyinSoutheastAsia.Globalversionsofquantitytakeoffandpricingproductswillbelaunched,accompaniedbyfurtherinvestmentinchannelresourcestodriverapidgrowthinoverseascost-estimatingbusiness.TheDigitalDesignbusinesswillfocusontheEuropeanmarket,targetingthefulllifecycleofMEPdesign.WhilemaintainingsteadygrowthinstrongholdregionssuchastheNordiccountries,theCompanywillintensifyresourceallocationandmarketdevelopmenttorapidlyexpandintotheUnitedKingdom,Italy,Germany,andothermarkets,achievingrapidgrowthintheEuropeanMEPdesignsector.TheConstructionbusinesswillfocusonpromotingprojectmanagement products in Asia and Europe. In Asia, efforts will target medium- to large-sized construction enterprises,whileintheUK,thefocuswillbeonsmall-andmedium-sizedconstructionclients,establishinginfluentialbenchmarkapplications.HongKongwillserveasashowcaseregionfortheCompany’scoreproducts’globalizationandlarge-scaledeployment.Targetinglargedesigninstitutes,majorownersandcontractors,leading consultingfirms,andgovernmententities,theCompanywillintegrateclientneeds,refineandvalidatenewinternationalized cost, construction, and design products, and establish high-impact benchmark projects to leverageincrementalbusinessgrowthbothdomesticallyandinternationally.3.MajorAccountingDataandFinancialIndicators (1)MajoraccountingdataandfinancialindicatorsforthepreviousthreeyearsAnnualReport2025(Summary) AnnualReport2025(Summary)
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5.InformationofBondsOutstandingontheDateofAnnualReportIssuanceApproval□Applicable?Notapplicable III.ImportantMatters Fordetails,pleaserefertoSection5“ImportantMatters”oftheAnnualReport2025publishedbywww.cninfo.com.cn. GlodonCompanyLimited Chairman:YuanZhenggang March20,2026 中财网
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