Glodon Company (002410) H2 2024 earnings summary

Executive summary

• Revenue for 2024 was ¥6.20 billion, down 4.93% year-over-year; net profit attributable to shareholders was ¥250 million, up 116.19% year-over-year, driven by cost controls and business optimization.

• Gross margin improved to 84.33%, and operating cash flow increased 87.41% to ¥1.19 billion.

• The company focused on core products, regions, and key clients, with significant reductions in sales, management, and R&D expenses.

Financial highlights

• Revenue: ¥6.20 billion (–4.93% YoY); net profit: ¥250 million (+116.19% YoY); EPS: ¥0.1513 (+115.53% YoY).

• Operating cash flow: ¥1.19 billion (+87.41% YoY); gross margin: 84.33% (+1.81ppt YoY).

• R&D investment: ¥1.81 billion, 29.10% of revenue.

• Dividend: ¥1.50 per 10 shares (100% payout ratio).

Outlook and guidance

• 2025 is the final year of the current strategic plan, with focus on design integration, cost and construction digitalization, and global expansion.

• The company will leverage AI and data-driven products, expand into urban renewal, infrastructure, and new energy sectors, and pursue stable growth.