广联达：2021年年度报告摘要(英文版).PDF

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1、Annual Report 2021 (Summary) 1 Annual Report 2021 (Summary) Stock Abbreviation: Glodon Stock Code: 002410 March 2022 Annual Report 2021 (Summary) 2 I. Important Notice This summary of annual report is abstracted from the full text of the Annual Report 2021. In order to fully understand the Companys

2、operating results, financial position and future development plans, investors are advised to carefully read the full text of the Annual Report 2021 on the media designated by the China Securities Regulatory Commission. This English version of the Annual Report 2021 (Summary) is translated from the C

3、hinese 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 Nam

4、e of the delegate Yuan Zhenggang Director Reasons related to work He Ping 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 D

5、irectors 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

6、distribution plan is implemented in 2022, a cash dividend of 3 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 Pe

7、riod 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 contact Name Li Shujian Jia Hao Office address E-13, 10

8、 Xibeiwang East Road, Haidian District, Beijing, China E-13, 10 Xibeiwang East Road, Haidian District, Beijing, China Fax 010-5640 3335 010-5640 3335 Tel 010-5640 3059 010-5640 3059 Email lisj- jiah- 2. Main Business of the Company 1. External Environment In 2021, the first year of the 14th “Five-Ye

9、ar Plan” (FYP), China achieved remarkable results in coordinating Annual Report 2021 (Summary) 3 economic growth and pandemic prevention and control, with steady socioeconomic development recorded. Specifically, the software and information technology service industry grew by 17.2% yoy, and the inve

10、stment in the high-tech industry nationwide rose by 17.1% yoy, which is 9.9 percentage points faster than the average investment growth; the total research and development (R&D) national expenditure increased by 14.2% yoy, and double-digit growth that has been maintained since the beginning of the 1

11、3th FYP period, indicating consistent progress in innovation-driven growth and a pleasing trend in industrial transformation. The total output value of the construction industry came in at RMB29.31 trillion, up by 11.0% yoy. Investment has recovered steadily, driven by the successive launches of maj

12、or projects of the 14th FYP and continuous progress made in the “new infrastructureand new urbanization initiatives and major projects”. The construction sector is playing an increasingly important role as one of the pillar industries in the country. Since the beginning of the 13th FYP period, China

13、 has intensified the implementation of its digital economy development strategy, continuously improved digital infrastructure, stepped up the incubation of new business forms and models, and achieved significant progress in digitalization and industrial digitization. During the 14th FYP period, Chin

14、as digital economy has reached a new stage of development characterized by deepening application, well-regulated operations, and inclusive sharing with the wider population. A new round of technological revolution and industrial transformation is in full swing, and digital transformation has become

15、the general trend going forward. High-priority objectives such as innovation-driven digitalization, incorporation of digital technology into the real economy, in-depth integration of new-generation information technology with the construction and advanced manufacturing industries and the transformat

16、ion of other traditional industries propelled by digital technology as the driving force are set out in both the 14th Five-Year Plan for Digital Economy Development released by the State Council and the 14th Five-Year Plan for Construction Industry Development recently issued by the Ministry of Hous

17、ing and Urban-Rural Development. From the perspective of digital economy development, digital transformation covering all production factors has acted as an important catalyst for increasing the scope for economic development. Digital transformation has become indispensable to enterprises business d

18、evelopment. Having gone through the preliminary digital marketing stages of initial user/customer digitization, it is gradually infiltrating production and business operational and organizational activities. Whether it is an end-to-end entire-value chain or a process-driven holistic digital transfor

19、mation, it helps enterprises acquire data-driven intelligent decision-making capabilities, improve operational efficiency and make upstream-downstream collaboration across industrial chains more efficient. From an industrial perspective, data can bring about a substantial multiplier effect on improv

20、ing production efficiency. The all-round and end-to-end digital transformation of traditional businesses can greatly improve production efficiency across an industry, leading to growth in market volume, and creating a prosperous and orderly industrial innovation ecosystem. As regards the transformat

21、ion and upgrading of the construction industry, the 14th FYP provides a window of opportunity for the implementation of the Urban Renewal campaign and rollout of the New Urbanization strategy, as well as for the transformation and development of the construction industry. The development goals expli

22、citly set out in the 14th FYP for the construction industry include substantially improving the degree of industrialization, digitization and automation of construction work; accelerating the coordinated development of “intelligent Annual Report 2021 (Summary) 4 construction” and “new industrialized

23、 construction” has also become an important goal of the 14th FYP. This involves creating intelligent production and intelligent construction systems and building an internet platform for the construction industry by promoting digital collaborative design and using new technologies and new models suc

24、h as prefabricated buildings and construction robots, all based on the foundation of improving intelligent construction policy and top-level design of the industrial system, consolidating Building Information Modeling (BIM) and other technical standards, to ultimately attain the goals of intelligent

25、 construction and green construction. The high-quality development of the construction industry will ultimately pivot towards innovative development and green development. Increasing the level of industrial chain modernization and the formation of the green and low-carbon production model will accel

26、erate a shift of focus in the construction industry from volume expansion and toward improving competitiveness, hence forming the strong basis of a new development era. According to statistics of the China Construction Industry Association, the proportion of investment in construction informatizatio

27、n in China to the gross output of the construction industry is merely 0.08%, compared to the 1% average in the European and American developed countries. The R&D expenditures of large- and medium-sized Chinese construction companies account for less than 2% of their total revenue, while the average

28、ratio among the worlds top 500 companies typically ranges between 5% and 10%, indicating there is plenty of room for increased spending on construction informatization. The construction industry needs to employ digitalization to drive business transformation, and new industrialized construction need

29、s to be at the core of upgrading the construction industry. The “new intelligent construction” supported by a construction industry internet and digitalization will certainly bring greater synergistic value and model innovations, thereby promoting the rapid development of construction industry digit

30、alization. 2. Overview of Our Business The Company envisions itself as a digital building platform service provider based in the construction industry that provides its clients with professional construction engineering software and hardware products and solutions, as well as value-added services su

31、ch as industrial big data and new industry finance, covering the entire lifecycle of construction projects. Since its inception, the Company has adhered to self-sustained product R&D and self-reliant channel building. Through a nationwide marketing network and with integrated operational support, it

32、 gains insights into users needs, iterates products, and sets up an agile and efficient system incorporating research, marketing, sales and service. The Companys businesses are divided into three major business segments and several innovation business units based respectively on business stages and

33、client type, namely the Construction Cost business segment, Construction Management business segment, and Digital Design business segment; the several innovative business units include Digital City, Digital Supply & Procurement, Digital Finance and Digital Education. The businesses are also divided

34、into domestic and overseas businesses. The Construction Cost business segment is a mature business segment of the Company. It mainly provides software products and data services to all entities involved in the construction project, and it includes the engineering pricing business line, engineering q

35、uantity takeoff business line, engineering information business Annual Report 2021 (Summary) 5 line and e-government business line. After more than twenty years of development, this business segment has obvious competitive advantages in China. Currently, it mainly provides products and services to c

36、lients adopting a subscription-based SaaS model. The Construction Management segment is the growth business of the Company with key breakthroughs. It mainly focuses on the construction process of engineering projects, and provides construction companies with platform-based solutions covering project

37、 management and enterprise management through a “platform + modular components” model. Specifically, this involves BIM+ intelligent site products at the project level, and products aimed at project-enterprise integration at the construction companies enterprise level. Digital transformation is still

38、 in full swing in the construction industry. This business segment is at an early stage of development, and its market penetration is relatively low. The Digital Design segment is an emerging business prioritized by the Company. It is oriented toward clients such as design institutions, providing th

39、em with architectural design and urban design products and digitalized design delivery and filing services. This include Glodon Digital Design Product Family, BIMSpace Architectural Design Product Family, Computational Analysis Product Family, Civil Municipal Design Product Family, and Glodon Design

40、 Delivery and Filing. Among them, the BIMSpace and Civil Municipal products have attained a leading position in the market. The innovative business units are emerging businesses incubated by the Company. Relying on the experience we have accumulated from our digital project management platform and r

41、elated products, they target different market segments of the construction industry, providing support and safeguards for the transformation and upgrading of the construction industry in multiple aspects including CIM planning, construction and management and new urban construction, supply chain ser

42、vices and talent training. During the Reporting Period, the innovative business units remained focused on product optimization and benchmark project verification. As regards our overseas business, one segment is Cubicost, a series of international products for the construction cost business, which h

43、as been marketed mainly in the Southeast Asian market. The other segment is the international Construction Management products, including the MagiCAD series of electromechanical design software operated by our Finland-based wholly-owned subsidiary, and Glodon GSite, an international construction man

44、agement platform targeting the European market. 3. Management Discussion and Analysis The year 2021 marked an important juncture in the implementation of the “8th Three-Year Strategic Plan”. Staying true to its mission of “making every project a success” and its strategic positioning as a “digital e

45、nabler,” the Company firmly pushed ahead with its data-driven platform + ecosystem business strategy, and continued to provide digital capabilities for construction companies to jointly promote the digital transformation and upgrading of the industry. Throughout 2021, it further consolidated its “ne

46、w construction” business, achieved breakthroughs in its “new design” business, made overall arrangements for the innovative business, and fulfilled all the pre-set business targets across the board: the cloud transformation of the Construction Cost segment covers the whole country; the conversion ra

47、te of newly added transformation regions and the renewal rate of existing transformation regions both increased; the Construction Management segment actively increased its contracts, and the integrated digital project management platform has started to take shape; the integration of the Digital Desi

48、gn Annual Report 2021 (Summary) 6 business was completed, with major breakthroughs made with the proprietary digitalized architectural design products; the Company delivered remarkable results in innovative business incubation in particular, the Digital City CIM platform has progressed from technolo

49、gies to products, and then to solutions. In 2021, the Company recorded a total operating income of RMB5.619 billion, representing a YoY increase of 40.32%. Operating profit amounted to RMB758 million, a YoY increase of 83.10%. Net profit attributable to shareholders of the Company amounted to RMB661

50、 million, a YoY increase of 100.06%. As of the end of the Reporting Period, outstanding cloud transformation-related contract liabilities (the “cloud contract liabilities,” which is equivalent to the “cloud advance receipts” in 2019 and previous reporting periods) increased to RMB2.047 billion. Thes