Glodon Company Limited: history, ownership, mission, how it works & makes money

From its founding in 1998 to its Shenzhen Stock Exchange listing in 2008 under ticker 002410, Glodon has evolved into a digital construction powerhouse-by 2013 it had established over 80 subsidiaries across more than 100 countries and regions, launched game-changing products like the 2016 5D BIM TBQ solution, and by 2020 secured a leading position in China's digital construction market; today it operates three core segments-Construction Cost, Construction Management and Digital Design-serving over 360,000 corporate clients and managing more than 6 million projects while monetizing through licenses, subscriptions, data services, industrial-chain finance, consulting and training; financially, Glodon posted 6.22 billion yuan revenue in 2024, a decline of 4.98% year-on-year, and its ownership structure features controlling shareholder Diao Zhizhong holding about 15.57% (≈255 million shares) as of October 2025, after reducing holdings by 0.67% via an 11 million-share sale at an average price of 14.38 yuan per share-details that frame its market position, strategic priorities in AI and globalization, and the stakes behind its next growth moves

Glodon Company Limited (002410.SZ) - Intro

• Founded: 1998 - entry into China's digital construction software market.
• IPO: Listed on Shenzhen Stock Exchange in 2008 (ticker 002410), strengthening capital access and market profile.
• Global expansion: By 2013 established over 80 subsidiaries across more than 100 countries and regions.
• Product innovation: 2016 launch of TBQ, a 5D BIM digital cost estimation and management suite integrating design, quantity takeoff, cost, schedule and progress.
• Market position: By 2020 achieved a leading position in China's digital construction market.

• Core revenue streams:
  • Software licenses and subscriptions (on‑premise and cloud SaaS)
  • Project-based services: BIM implementation, consulting, customization
  • Data and platform services: cloud collaboration, digital twin, analytics
  • Value‑added services: training, maintenance, integrated supply-chain tools
• Key product capabilities:
  • TBQ 5D BIM - quantity takeoff, automated cost estimating, schedule linkage
  • Cloud collaboration platforms for contractors and owners
  • Mobile and field management tools for on-site progress and quality

• Selected financial snapshot (2024):
  • Revenue: 6.22 billion yuan (decrease of 4.98% vs. prior year)
  • Growth context: decline indicates pressure in sustaining high growth amid market competition and macro headwinds

Glodon Company Limited (002410.SZ): History

• Founded: 1998
• Listing: Shenzhen Stock Exchange (002410.SZ)
• Core businesses: Construction cost software, BIM tools, construction management SaaS, cloud services

• Revenue mix (FY2024): SaaS & cloud services increasing share; traditional software & services declining proportionally
• Geographic reach: Primarily China with selective international projects and partnerships

Ownership Structure & Implications

• Controlling shareholder: Diao Zhizhong - approximately 15.57% (255 million shares) as of October 2025.
• Recent change: In October 2025 Diao reduced holdings by 0.67% (11 million shares) at an average price of 14.38 CNY - a move that can affect investor sentiment and short-term stock performance.
• Investor base: Mix of institutional investors, retail shareholders, and management holdings providing liquidity and diversified voting interests.
• Governance: Significant controlling stake enables strategic direction and long-term planning but also concentrates influence.

How Glodon Makes Money

• SaaS & Cloud Services: Recurring subscription fees from construction management, BIM collaboration, and cost-control platforms.
• Software Licenses & Maintenance: Traditional licensing and ongoing maintenance contracts.
• Professional Services: Implementation, training, and consulting for large construction enterprises and public projects.
• Platform & Data Services: Monetization of construction data, analytics, and integrations with partners/ecosystem.

For the company's stated guiding principles and strategic vision see: Mission Statement, Vision, & Core Values (2026) of Glodon Company Limited.

Glodon Company Limited (002410.SZ): Ownership Structure

• Mission: Leverage technology to create better living and working environments by driving digital transformation in construction.
• Core values: innovation, customer success, integrity, professionalism, sustainability, and collaborative ecosystems.
• Technology focus: BIM, big data, IoT, cloud platforms and AI to modernize workflows for owners, contractors, designers, suppliers and asset managers.
• Service scope: end-to-end digital building lifecycle solutions that serve participants across the construction value chain.

• Shareholder mix typically includes founders/management, strategic investors, domestic institutional investors and retail investors via the Shenzhen market.
• Board and senior management maintain operational control through founder/insider holdings and governance positions while public float supports liquidity and capital for R&D and M&A.
• Capital deployment priorities: platform development (BIM/cloud), industry SaaS expansion, AI and data services, and selective ecosystem partnerships.

• Software licensing and SaaS: recurring subscriptions for cloud BIM, project cost management, and construction management modules.
• Platform services and marketplaces: transaction fees, data services and value-added services connecting contractors, suppliers and owners.
• Professional services and implementation: consulting, customization, training and integration for large enterprise customers.
• Product sales and maintenance: on-premise solutions, updates and support contracts for established institutional clients.

• Drive recurring revenue via SaaS adoption and platform monetization to improve gross margin and revenue visibility.
• Invest heavily in R&D (notable share of revenue) to scale AI, big data analytics and intelligent construction applications.
• Expand across construction value chain to deepen wallet share: pre-construction cost & estimating, construction execution and post-construction asset management.
• Promote sustainability and collaboration through interoperable data standards and open ecosystem partnerships to retain customers and create network effects.

Glodon Company Limited (002410.SZ): Mission and Values

• Construction Cost - software products and engineering information services for budgeting, estimating and quantity takeoff, aimed at improving cost accuracy and transparency across bidding and delivery stages.
• Construction Management - centralized platforms that coordinate project workflows, on-site supervision, procurement, contract and quality management to raise project efficiency and oversight.
• Digital Design - BIM (Building Information Modeling) design software and services enabling parametric, clash-detecting, and data-rich design processes that feed downstream cost and construction workflows.

• Industry big data - aggregated construction data (historical costs, material pricing, productivity benchmarks) used to enhance estimating accuracy and benchmarking services.
• Industrial-chain finance - financing and payment-solutions layered onto platform workflows to address cashflow needs of contractors and suppliers (invoice financing, supply-chain credit facilitation).
• Global sales and delivery network - multisource distribution, training and support that scales product adoption across geographies and project types.

• Corporate clients served: over 360,000.
• Projects managed on Glodon platforms: more than 6,000,000.
• R&D and product evolution: sustained multi-year investment in software, BIM and cloud capabilities (company reports typically show R&D spend as a notable portion of operating costs to support product development and AI/data capabilities).

• Software licensing and SaaS subscriptions - recurring fees for access to estimating, BIM and management platforms.
• Data and information services - paid access to price databases, benchmarking data and specialized engineering information.
• Professional services and implementation - customization, training, on-site deployment and consulting tied to large projects.
• Platform-enabled financial services - industrial-chain financing and payment facilitation monetized via fees, interest spread or service charges.
• Ecosystem monetization - value-added integrations, third-party modules and partner channels that create cross-sell opportunities.

• Design-to-cost continuity - BIM outputs feed quantity takeoffs and cost engines to reduce rework between design and estimating.
• Project lifecycle coverage - management platforms ingest cost and design data to provide a unified project view for owners and contractors.
• Data-driven decisioning - aggregated construction datasets enable benchmarking, predictive insights and risk-control features across modules.

• Distribution and support - a global sales network with localized channel and service capabilities to service diverse market segments.
• Cross-selling potential - ability to bundle software, data and finance services to increase customer lifetime value.
• Scalability - platform-based delivery and cloud capabilities aimed at incremental margin improvement as adoption grows.

Glodon Company Limited (002410.SZ): How It Works

• Core product lines: estimating (costing & takeoff), BIM-enabled construction management, project collaboration platforms, and on-site digital hardware (e.g., measurement/scan-integrated devices).
• Value-added services: industry big data products, industrial-chain financing, SaaS analytics, training, implementation & consulting.
• Commercial models: perpetual licenses, recurring subscriptions, transaction fees, service contracts, and finance interest/fees.

• Software licensing and subscriptions - primary recurring revenue from desktop and cloud solutions used by contractors, owners, and designers.
• Professional services - implementation, customization, training and long-term support contracts tied to software deployment.
• Data & analytics - packaged industry datasets, benchmarking reports and analytics platforms sold to contractors, suppliers and financial partners.
• Industrial-chain finance - financing products for suppliers and construction participants, generating fee and interest income.
• Hardware and on-site solutions - sales and service of measurement and IoT devices integrated with Glodon's software stack.
• International operations - regional partners and overseas customers contributing subscription and service revenue.

• Annual revenue scale: low‑billions RMB range (company has reported multi-year growth in digital revenue and recurring ARR contribution increasing as subscription/SaaS adoption deepens).
• Recurring revenue focus: rising ARR from software subscriptions and cloud services improves predictability and lifetime customer value (LTV) vs. one‑time license sales.
• Customer base: tens of thousands of construction enterprises, with concentration in general contractors, subcontractors and owners across China and expanding overseas.

• Cross-sell ecosystem: sell data & financing to existing software customers to raise ARPU (average revenue per user).
• Platform integration: integrate BIM, estimating and project execution to lock in customers via workflow dependency.
• Partner channels: distribute through global partners and local systems integrators for international expansion.
• Tiered pricing: offer enterprise suites and modular apps to capture small contractors through to large owners and EPCs.

• Move customers from perpetual licenses to cloud subscriptions to stabilize cash flows.
• Bundle software with implementation, analytics and financing to increase stickiness and margin.
• License industry datasets and benchmarking tools to non-traditional buyers (insurers, financiers, component suppliers).
• Leverage partnerships and localized offerings to expand international sales and capture cross-border projects.

Glodon Company Limited (002410.SZ): How It Makes Money

• Core revenue streams: perpetual & subscription software licenses, SaaS/cloud platform fees, data & analytics services, project-based consulting and training, transaction fees from construction ecosystems.
• Strategic growth drivers: AI-enabled estimation and design tools, cloud-native collaboration platforms, and expansion into international markets (serving clients in 200+ cities).
• Ecosystem approach: partnerships with contractors, developers, material suppliers and governments to create an open, interconnected industrial platform.

• Market position & outlook: Glodon maintains leadership in China's digital construction market while addressing near-term growth pressure-2024 revenue declined 4.98% year-over-year-by accelerating AI adoption and platform expansion.
• International expansion: targeting service coverage in 200+ cities and growing its footprint outside China to diversify revenue and capture global digital-construction demand.
• Technology roadmap: integrating AI, digital-twin and cloud-native capabilities to increase recurring revenue, improve customer retention and enable higher-margin platform services.