Glodon Co Ltd: Segment Analysis

Glodon Co Ltd (Glodon) is a developer of application software for basic construction engineering information industry. It also provides related training and consulting services. It offers products that cover quantity take-off, cost estimation, tender management, project management and B2C web.

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Glodon’s R&D arm focuses on major technologies such as BIM, Graphic Modeling, Cloud Computing, Big Data, IoT and AI. As of December 2022, the company was granted 22 new invention patents, and registered 281 new software copyrights and 78 new trademarks. It operates six R&D facilities in Beijing, Shanghai, Xi’an, Silicon Valley and Finland. In FY2022, the company incurred expenses of CNY1,406.6 million on R&D, which as a percentage of revenue, stood at 21.3%.