FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06100 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 514,483,774 | | 0 | | 514,483,774 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | | 514,483,774 | | 0 | | 514,483,774 | 第 2 頁 共 11 頁 v 1.1.1 公司名稱: 同道獵聘集團(於開曼群島註冊成立的有限公司) 呈交日期: 2025年9月3日 I. 法定/註冊 ...

Core Viewpoint - The company's performance in the first half of 2025 fell short of expectations, with a revenue decline and a stable gross margin, but improvements in net profit margins were noted due to cost control and efficiency enhancements [1][2]. Financial Performance - 1H25 revenue was 937 million yuan, a year-on-year decrease of 7.6% - 1H25 gross margin remained stable at 77.6% - 1H25 Non-IFRS net profit was 96.81 million yuan, corresponding to a Non-IFRS net profit margin of 10.3%, an increase of 3.7 percentage points year-on-year [1][2]. Development Trends - Recruitment has not significantly recovered, but cash income is expected to stabilize in the second half of 2025 - B-end enterprise user revenue was 768 million yuan in 1H25, down 9.9% year-on-year - The number of verified enterprise users reached 1.434 million, a year-on-year increase of 4.8%, while the number of enterprise clients decreased by 1% to 63,000 - The average revenue per user (ARPU) for paid users declined by 9.1% due to weak demand from large enterprise clients [1][2]. AI Strategy - The company's B segment AI product coverage among paying enterprises increased from 30% to 70% year-on-year - The "intended candidates" feature in the recruitment model improved its recommendation rate from 50% to 64% - The AI intelligent interviewer, Doris, has successfully covered 15 primary industries, with a consistency score above 95% [2]. Profitability and Dividend Progress - 1H25 sales and R&D expense ratios decreased by 2.7 percentage points and 2.4 percentage points, respectively, due to personnel optimization and internal cost reduction - 2H25 Non-IFRS operating profit and net profit are projected to be 125 million yuan and 97 million yuan, respectively, with corresponding margins of approximately 13.3% and 10.3%, reflecting year-on-year improvements [2]. - The company announced a special dividend of 0.42 HKD per share in May, indicating a commitment to shareholder returns [2]. Earnings Forecast and Valuation - Revenue forecasts for 2025 and 2026 have been adjusted downwards by 2.2% and 1.6% to 1.985 billion yuan and 1.999 billion yuan, respectively, while profit forecasts remain unchanged due to cost control measures - The target price is maintained at 6.2 HKD, corresponding to 15.3x and 13.5x 2025/2026e Non-IFRS P/E, indicating a 47% upside potential [3].

同道猎聘 摘要 同道猎聘 MAU 同比增长 18%，但个人付费用户数下降 12%，主要受子 业务影响。企业用户方面，验证企业用户数同比增长约 5%，付费企业 用户数基本持平。注册猎头数接近 22 万个，验证猎头出达人次数明显 上涨。 公司营业收入下降 7.6%，但上半年季度回款趋势向好。ToB 收入占比 82%，C 端收入占比提升至 18%。通过降本增效，总运营费用下降 13.2%，归母净利润同比增长 77%，现金储备为 25 亿元人民币，未来 三年将以不低于经调整归母净利润 50%的比例进行分红。 同道猎聘升级"猎聘 AI 企业版"，AI 产品付费客户覆盖度从年初的 30%提升到 70%。意向人选产品的两小时推荐率提升至 64%，月度重 复发起率稳定在 60%左右。AI 面试产品已覆盖 15 个一级行业，预计全 年面试量将突破百万次，与专家面试结果的一致性超过 95%。 公司通过组织架构扁平化和严格成本控制，总运营费用同比下降 13.2%，研发费用减少 22%，销售和营销费用减少 13%，管理费用减 少 5%。2025 年上半年经调整营业利润同比增长 33%，净利润接近 1 亿元，经调整归母净利润同比增长 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 （於開曼群島註冊成立的有限公司） Tongdao Liepin Group 同道獵聘集團 （股票代號：6100） 須予披露交易 認購理財產品 茲提述本公司於2025年6月30日及2025年8月1日的公告，內容有關向廈門國際 銀行認購結構性存款產品。 (i)於2025年6月30日，本公司透過其非全資附屬公司長沙冉星信息科技有限公 司，向廈門國際銀行認購本金為人民幣40.0百萬元的公司結構性存款產品（掛 鈎匯率三層區間A款）2025518930703期（「先前認購事項1」），及於2025年7月31 日，本公司透過其非全資附屬公司北京賽優職教育科技有限公司，向廈門國 際銀行認購本金為人民幣10.0百萬元的公司結構性存款產品（掛鈎匯率三層 區間A款）2025522670801期（「先前認購事項2」，連同先前認購事項1，統稱「先 前認購事項」）；及(ii)於2025年8月29日，本公司透過其全資附屬公司同道精英 ...

Core Insights - The company achieved a revenue of 937 million yuan and a net profit of 80 million yuan in the first half of 2025, marking a year-on-year growth of 77.1% in net profit [1] - The company initiated its first dividend distribution post-IPO and plans to enhance its shareholder return mechanism [1] - The platform's total verified enterprise users reached 1.434 million, a year-on-year increase of 4.8%, while the number of paying enterprise clients decreased by 0.9% to 63,000 [1] Group 1: AI Integration and Product Development - The company accelerated the application of artificial intelligence across the recruitment process, enhancing efficiency and user experience through innovations like "AI Resume Quick Read" and "AI Intelligent Invitation" [1] - Over 70% of paying enterprise clients are now utilizing AI recruitment products, a significant increase from the beginning of the year [1] - The company has established a multi-layered technical architecture for AI-enabled recruitment, integrating mainstream large models and developing its proprietary model "Tongdao Huicai" to create a differentiated technological advantage [2] Group 2: User Engagement and Market Position - The average monthly active users (MAU) on the platform grew by 18.5% year-on-year, reaching a historical high due to the optimization of AI-driven recommendation mechanisms and personalized service strategies [2] - The total registered personal users on the platform reached 110 million, reflecting a year-on-year growth of 10.5%, with revenue from personal users amounting to 170 million yuan, up 5.2% [1]

Core Viewpoint - The company reported a decrease in revenue and gross profit for the first half of 2025 compared to the same period in 2024, but achieved a significant increase in net profit and adjusted operating profit, indicating a focus on efficiency and strategic adjustments in response to market conditions [1][2]. Financial Performance - Revenue for the six months ended June 30, 2025, was 937 million, a decrease of 7.6% from 1,015 million in the same period of 2024 [1] - Gross profit was 728 million, down 8.1% from 792 million year-on-year [1] - Net profit increased to 103 million, up 55.8% from 66 million in 2024 [1] - Profit attributable to equity shareholders rose to 80.3 million, a 77.1% increase from 45.3 million in the previous year [1] - Non-GAAP operating profit was 125 million, an increase of 32.7% from 94 million year-on-year [1] Market Dynamics - The management noted that despite stable overall economic conditions, recruitment demand remains at a low point due to international influences [1] - There is a persistent structural imbalance in the recruitment market, particularly for talent in AI, hard technology, and semiconductors, which are highly sought after by companies [1] - The company is actively utilizing AI technology to enhance recruitment efficiency and has launched AI products covering key recruitment stages to meet dynamic enterprise needs [1] User Metrics - The cumulative registered personal users reached 111.4 million, reflecting a year-on-year growth of 10.52% [2] - The number of personal paying users decreased to 47,581, down 12.01% [2] - The cumulative verified enterprise users reached 1,434,168, a year-on-year increase of 4.84%, while the number of paying enterprise clients slightly decreased to 62,916, down 0.88% [2] - The company is undergoing technological upgrades and market strategy adjustments across various business sectors to adapt to market changes [2]

Group 1 - The core viewpoint of the article highlights that the Chinese economy is experiencing a recovery, with a GDP growth of 5.3% in the first half of 2025, supported by policy measures and inherent resilience, which brings positive expectations for the human resources service industry [1] - The employment market is showing signs of recovery but remains differentiated, with a notable talent gap in high-end sectors like AI and semiconductors, creating opportunities for the company to focus on the mid-to-high-end talent market [2][3] - The company is positioned uniquely in the market due to its focus on mid-to-high-end recruitment and AI technology, making it a target for market funds in the current bull market [3] Group 2 - The company's financial report for the first half of 2025 shows multiple highlights, including an increase in registered enterprise users to 1.43 million, a 4.8% year-on-year growth, and a slight decrease in paid enterprise clients by 0.9% [5] - The AI product matrix has been continuously improved, with over 70% of paid clients using AI recruitment products, and the recommendation rate for potential candidates has significantly increased to 64% [6] - The company is making forward-looking investments in AI technology and plans to enhance its recruitment assistant products, aiming to provide efficient and cost-effective smart recruitment services [7]

Core Insights - The company reported a revenue of RMB 937 million for the six months ending June 30, 2025, with a net profit attributable to equity shareholders of RMB 80.3 million, representing a year-on-year growth of 77.13% [1] - The company is focusing on "AI + Recruitment" to enhance its product offerings and market competitiveness, particularly through the "猎聘AI企业版" product [1][2] - The company has seen a significant increase in the adoption of its AI recruitment products, with over 70% of paid clients utilizing these features [2] Financial Performance - Revenue for the first half of 2025 was RMB 937 million, with a net profit of RMB 80.3 million, marking a 77.13% increase year-on-year [1] - The number of registered enterprise users reached 1.43 million, a year-on-year increase of 4.8%, while the number of paying enterprise clients slightly decreased by 0.9% to 62,900 [1] Product Development and Innovation - The company has introduced new AI features such as "AI简历快读" and "AI智能邀约" as part of its "猎聘企业版" upgrade, enhancing its AI recruitment product matrix [2] - The AI recruitment product's recommendation rate for potential candidates within two hours has increased to 64%, indicating strong client satisfaction and usage [2] AI Technology Integration - The AI intelligent interview system "Doris" has gained significant market attention since its launch in 2024, achieving a consistency rate of 95% with expert evaluations [3] - The company is expanding the use of its AI systems for various scenarios, including internal talent assessments and business evaluations, which may open new market opportunities [3] Business Growth and Collaboration - The "多猎RCN" platform has seen a steady increase in job postings, reaching 159,000 by June 30, 2025, supported by AI functionalities that enhance headhunting processes [4] - The upcoming launch of the "运单助手小易" product is expected to streamline order delivery processes and strengthen collaboration with headhunting firms [4] Research and Development - The company emphasizes technology development, utilizing mainstream large language models and refining its proprietary model "同道汇才" to enhance recruitment processes [5] - The company has achieved a 50% reduction in negative feedback from key industry clients regarding its AI products, reflecting improvements in model performance and user satisfaction [5]

Core Insights - The company reported a revenue of RMB 937 million for the six months ending June 30, 2025, with a net profit attributable to equity shareholders of RMB 80.3 million, representing a year-on-year increase of 77.13% [1] - The company is focusing on "AI + Recruitment" to enhance its product offerings and market competitiveness, particularly through the "猎聘AI企业版" product [1][2] - The AI recruitment products have significantly improved efficiency, with a recommendation rate of 64% for potential candidates within two hours [2] Financial Performance - Revenue for the first half of 2025 was RMB 937 million, with a net profit of RMB 80.3 million, marking a 77.13% increase year-on-year [1] - Basic earnings per share were reported at 16.82 cents [1] Product Development and Innovation - The company has developed a comprehensive AI recruitment product matrix, including features like "AI简历快读" and "AI智能邀约," which have been well-received by clients [2] - The AI intelligent interview system "Doris" has achieved a consistency rate of 95% with senior interview experts, enhancing user experience [3] - The company is set to launch the "运单助手小易" product in Q3 2025, aimed at improving the order delivery process for recruitment firms [4] Market Position and Client Engagement - The number of registered enterprise users reached 1.43 million, a year-on-year increase of 4.8%, while the number of paying enterprise clients decreased slightly by 0.9% [1] - Over 70% of paying clients are now utilizing AI recruitment products, indicating strong market acceptance [2] Technology and Research - The company has invested in technology development, utilizing mainstream large language models and enhancing its proprietary model "同道汇才" [5] - The company has achieved a 50% reduction in negative feedback from key industry clients regarding AI products, showcasing improved user satisfaction [5]

同道獵聘集團 （「公司」） 提名委員會職權範圍 – 1 – 定義 1. 就本職權範圍（「職權範圍」）而言： 董事會指公司之董事會。 財務總監指董事會不時委任負責管理財務之公司高級行政人員。 公司秘書指公司任命之公司秘書。 提名委員會指董事會根據本職權範圍第2條通過之決議案而設立之提名委 員會。 中國指中華人民共和國，並僅就本職權範圍而言，不包括香港特別行政區， 澳門特別行政區和台灣。 高級管理層指主席、高級副總裁、首席執行官、首席財務官、首席技術官、 數據總監及董事會不時決定出任公司高級管理層之本集團任何其他行政 人員；公司之其他管理人員而其薪酬待遇或建議薪酬待遇比其他由董事 會委任的人員較為優厚；及其他由公司的薪酬委員會視為高級管理層的 人士。 股東指公司之股東。 聯交所指香港聯合交易所有限公司。 – 2 – 董事指董事會成員。 本集團指於有關期間，公司及其附屬公司、並表聯屬實體和聯營公司；或 若文義另有所指，於公司成為其現時附屬公司和聯營公司之控股公司前 之期間，公司之現時附屬公司和聯營公司；或其現時附屬公司和聯營公 司或其前身（視乎具體情況）所營運之業務。 上市規則指《香港聯合交易所有限公司證券上市規則 ...