广联达：2020年年度报告摘要（英文版）.PDF
Annual Report 2020 (Summary) 1 Annual Report 2020 (Summary) Stock Abbreviation: Glodon Stock Code: 002410 March 2021 Annual Report 2020 (Summary) 2 I. Important Notice This summary of annual report is abstracted from the full text of the Annual Report 2020. In order to fully understand the Companys operating results, financial position and future development plans, investors are advised to carefully read the full text of the Annual Report 2020 on the media designated by the China Securities Regulatory Commission. This English version of Annual Report 2020 (Summary) is translated from the Chinese version of the same. In case of discrepancy, the Chinese version disclosed by the Company shall prevail. All Directors attended the board meeting to review this report in person, except for the following director: Name of the absent director Title of the absent director Reason for absence Name of the delegate Guo Xinping Independent director Reasons related to work Ma Yongyi Non-standard audit opinion notification: Applicable Not applicable The profit distribution proposal for ordinary shares or the proposal to capital reserve capitalization for the Reporting Period as considered by the Board of Directors Applicable Not applicable Whether to implement capital reserve capitalization Yes No The Companys profit distribution proposal for ordinary shares reviewed and approved by the Board of Directors is as follows: Based on the total share capital on the equity registration date when the profit distribution plan is implemented in 2021, a cash dividend of 2.5 Yuan (tax included) for every 10 shares will be distributed to all shareholders, and there will be no bonus share (tax included) or capital reserve capitalization. Profit distribution proposal for preferred shares during the Reporting Period passed by the Board of Directors Applicable Not applicable II. Company Profile 1. Company Information Stock abbreviation Glodon Stock code 002410 Stock Exchange Shenzhen Stock Exchange Contact information Board secretary Securities affairs representative Name Li Shujian Zhu Nana Office address E-13, 10 Xibeiwang East Road, Haidian District, Beijing, China E-13, 10 Xibeiwang East Road, Haidian District, Beijing, China Tel 010-5640 3059 010-5640 3059 Email lisj- 2. Main Business of the Company 1. External Environment The National Informatization Development Strategy Outline in the “13th Five-Year Plan” of China proposes to achieve initial results in the construction of a “Digital China” by 2020. The report of the 19th National Annual Report 2020 (Summary) 3 Congress of the Communist Party of China proposes to provide supports for the construction of “Digital China” by focusing on technical innovations. Overall digitalization has become a trend of Chinas economic development, and the digital economy has become a new engine for Chinas economic transformation and upgrading. According to the “White Paper on the Development of Chinas Digital Economy (2020)”, the value-added scale of Chinas digital economy expanded from 2.6 trillion Yuan in 2005 to 35.8 trillion Yuan in 2019, and its percentage in national GDP increased from 14.2% to 36.2%. To meet the deployment requirements of the “Guiding Opinions on Promoting the Sustainable and Healthy Development of the Construction Industry” publicized by the General Office of the State Council of China, the construction industry has undergone continuous reforms in recent years, and the industrial structure has continued to improve. Construction cost business developing in the direction that the market determines prices, and the construction cost estimation quota, construction cost estimation information, construction cost industry management, and construction cost consultancy results are developing in the direction of digitization. The government promoted the construction organization method of general contracting of projects, and encouraged design units to apply for construction qualifications, and construction units to apply for design qualifications, or form a consortium to participate in general contracting of construction projects, thereby stimulating enterprises to become bigger and stronger and unite with each other. Moreover, the government simplified the types and grades of enterprise qualifications, canceled all qualifications that can be adjusted by the market mechanism, and streamlined and merged the reserved qualifications, for example, it canceled the qualification grades and operating scope restrictions of construction labor service companies, canceled labor qualification approvals in some areas, and promoted multiple labor operation methods such as self-owned labor, labor subcontracting and labor dispatch, with an aim to further stimulate the vitality of the construction labor market. The government also promoted the modernization and upgrade of construction methods, and stimulated the integrated application of BIM technology in the whole process of planning, survey, design, construction, and operation the other segment relies on the electromechanical BIM-related business of our subsidiary in Finland, which becomes the MagiCAD product line, mainly covering the Europe and the United States markets. 3. Major accounting data and financial indicators (1) Major accounting data and financial indicators for the previous three years Whether the Company need to retrospectively adjust or restate its accounting data for previous years Yes No Unit: Yuan 2020 2019 Year-on-year Change 2018 Operating income 3,947,083,029.86 3,464,151,444.58 13.94% 2,861,555,260.70 Net profit attributable to shareholders of the listed company 330,388,350.03 235,072,017.67 40.55% 439,076,938.97 Annual Report 2020 (Summary) 5 Net profit attributable to shareholders of the listed company after deduction of non-recurring profit and loss 301,547,467.71 190,912,170.61 57.95% 409,300,928.56 Net cash flow from operating activities 1,876,130,837.67 640,918,549.42 192.73% 452,703,109.14 Basic earnings per share (Yuan/share) 0.2867 0.2087 37.37% 0.3923 Diluted earnings per share (Yuan/share) 0.2858 0.2086 37.01% 0.3918 Weighted average ROE 6.94% 7.47% -0.53% 14.14% 2020 Year-end 2019 Year-end Year-on-year Change 2018 Year-end Total assets 9,547,097,154.33 6,167,316,188.03 54.80% 5,605,752,562.97 Net assets attributable to shareholders of the listed company 6,402,241,169.54 3,269,226,858.97 95.83% 3,192,457,123.40 (2) Quarterly major accounting data Unit: Yuan Q1 Q2 Q3 Q4 Operating income 547,949,298.80 1,031,293,926.31 965,562,754.66 1,402,277,050.09 Net profit attributable to shareholders of the listed company 52,971,944.97 77,055,943.62 99,750,203.44 100,610,258.00 Net profit attributable to shareholders of the listed company after deduction of non-recurring profit and loss 47,722,895.19 63,979,143.96 96,045,750.09 93,799,678.47 Net cash flow from operating activities -19,080,722.74 608,731,074.87 434,037,532.24 852,442,953.30 Whether the above financial indicators or their sums are significantly different from those disclosed in the Companys quarterly financial reports or interim financial reports Yes No 4. Share capital and shareholders (1) Table of numbers of ordinary shareholders and preferred shareholders with restored voting rights and the shareholding of top 10 shareholders Unit: share Total number of ordinary shareholders at the end of the reporting period 29,546 Total number of ordinary shareholders at the end of the month before disclosure date of annual report 34,611 Total number of preferred shareholders with restored voting rights at the end of the reporting period 0 Total number of preferred shareholders with restored voting rights at the end of the month before disclosure date of annual report 0 Shareholding of top 10 shareholders Name of shareholder Nature of shareholder Shareholding percentage Number of shares held Number of shares subject to sales restriction Pledged or frozen Status of share Quantity of share Diao Zhizhong Domestic natural person 16.03% 190,064,845 146,298,634 Pledged 14,229,253 Hong Kong Securities Clearing Company Ltd. Overseas legal person 10.63% 126,043,910 0 Annual Report 2020 (Summary) 6 Chen Xiaohong Domestic natural person 4.59% 54,370,000 0 Wang Jinhong Domestic natural person 4.52% 53,648,833 42,239,664 Tu Jianhua Domestic natural person 3.84% 45,502,389 0 UBS AG Overseas legal person 3.16% 37,456,466 0 Hillhouse Capital Management Co.,Ltd.-China Value Fund (Exchange) Overseas legal person 2.51% 29,714,738 0 An Jinghe Domestic natural person 2.18% 25,824,937 0 MERRILL LYNCH INTERNATIONAL Overseas legal person 2.01% 23,800,979 0 Wang Xiaofang Domestic natural person 1.69% 20,000,000 Explanation on the above shareholders connected relationship or acting in concert There is no connection among the above natural person shareholders, nor are they persons acting in concert as regulated in the Measures for Management on Acquisition of Listed Companies. The Company is also not aware of any connected relationship among other shareholders or whether they are acting in concert as regulated in the Measures for Management on Acquisition of Listed Companies. Description of shareholders participating in Margin Trading (if any) Not applicable (2) Table of number of preferred shareholders and the shareholding of top 10 preferred shareholders Applicable Not applicable During the Reporting Period, there is no information about the shareholding of preferred shareholders of the Company. (3) Chart of equity and controlling relationship between the Company and the actual controller 5. Corporate bonds Whether the Company has any corporate bonds which are publicly issued and listed on the stock exchange and are not due on the approval date of the Annual Report or have not been fully redeemed at maturity None. III. Management Discussion and Analysis 1. Business overview in the Reporting Period The year 2020 was an extraordinary year. In the face of the unexpected COVID-19 pandemic, the Chinese people overcame the difficulties together and achieved significant results in both pandemic prevention and control as well as economic development, realizing positive economic growth for the year, with GDP stepping up to a new level of RMB100 trillion. The COVID-19 pandemic objectively accelerated the digitization of the whole Annual Report 2020 (Summary) 7 society, enabling the digital economy to gradually penetrate from the consumer sector such as mobile payment and e-commerce to the production sector represented by online office, online consultation and teleconferencing, while promoting digital collaboration in all sectors of society and boosting the digital transformation of traditional industries. As a digital building platform service provider, the Company seized the opportunity of digital transformation and upgrading of the construction industry in the context of the pandemic, and assisted customers to carry out production activities under the regular pandemic prevention and control through various initiatives such as online services, remote authorization and digital marketing, while providing products and services covering various aspects such as job efficiency improvement, organizational upgrading and management improvement to help customers drive their operations through the digital platform. The year of 2020 marks the first year for the Companys “Eighth Three-Year” Strategy, and is the assertive stage to start a new undertaking. During the Reporting Period, despite the impact of the COVID-19 pandemic, the Company adhered to the keynote of standing on both the prevention and control of the pandemic and the pursue of business development” with all set targets fully accomplished: the cloud transformation of Construction Cost Segment continued to deepen, and market-based pricing products and big data products were launched one after another, realizing the technology upgrade of the brand cost; the Construction Management Segment adjusted its business management focus and strengthened the collection of funds, with the healthy growth of operating cash flow being achieved, the quality of operations being guaranteed while the number of customers and projects being scaled up; in the Innovation Segment, the Company acquired Luoyang Hongye Information Technology Co., Ltd. to layout for the Digital Design Business and introduce investors to the Digital Financial Services Business, with a breakthrough being achieved in the key project of CIM platform in Digital City. During the Reporting Period, the Company recorded a total Operating income of 4.005 billion Yuan, representing a YoY increase of 13.10%. Operating profit amounted to 414 million Yuan representing a YoY increase of 42.65%. Net profit attributable to shareholders of the Company amounted to 330 million Yuan, representing a YoY increase of 40.55%. As at the end of the Reporting Period, the balance of contract liability from cloud transformation related services (the “contract liability from cloud services”) increased to 1.511 billion Yuan. This amount could not be recognized as Operating income for the current period as it was part of the cloud service fees that had been collected. If the contract liability was included, the total pro forma Operating income would amount to 4.621 billion Yuan, representing a YoY increase of 14.97% on the same basis and the pro forma net profit attributable to shareholders of the Company would amount to 886 million Yuan, representing a YoY increase of 32.89% on the same basis. (Note: total pro forma Operating income = total Operating income+ contract liabilities as at the end of the period contract liabilities as at the beginning of the period. The pro forma net profit attributable to shareholders of the Company = net profit attributable to shareholders of the Company + (contract liabilities as at the end of the period contract liabilities as at the beginning of the period) * 90%). During the Reporting Period, the Company continued to strengthen R computer vision algorithm capability in AI field has been continuously improved, and CAD intelligent analysis has achieved a breakthrough in drawing division technology. In terms of technology-driven business, the Company continued to precipitate the middle desk for technological development and data middle desk, and launched many kinds of lightweight development tools; we have established digital production and research capabilities, and promoted agile improvement of R and we also comprehensively improved the technical infrastructure, and completed the cloud-neutral transformation of the whole line of internal cloud products. In terms of technology become the business, BIMFACE has successfully expanded from BIM lightweight technology
