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 ...

（股票代號：6100） 提名委員會組成變動 同道獵聘集團（「本公司」）董事（「董事」）會（「董事會」）宣佈(i)現任獨立非執行董 事范新鵬女士獲委任為本公司提名委員會（「提名委員會」）成員；及(ii)現任獨 立非執行董事張溪夢先生不再擔任提名委員會成員，自2025年8月29日起生效。 范新鵬女士的履歷詳情載於本公司於2025年4月28日刊發的2024年年報。於本 公告日期，除本公告所披露者外，該等資料概無變動。 委任范新鵬女士為提名委員會成員後，提名委員會有一名不同性別的董事。是 項委任乃因應於2025年7月1日起生效之經修訂企業管治守則及香港聯合交易所 有限公司證券上市規則而作出。董事會相信，范新鵬女士的品格、人際關係及 前線工作經驗將為提名委員會帶來新的見解及創新。 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。 Tongdao Liepin Group 同道獵聘集團 （於開曼群島註冊成立的有限公司） 董事會謹藉此機會歡迎范新鵬女士履新。 承董事 ...

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份內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 Tongdao Liepin Group 同道獵聘集團 （於開曼群島註冊成立的有限公司） – 1 – （股票代號：6100） 公告 董事名單與其角色和職能 C 董事委員會主席 M 董事委員會成員 承董事會命 同道獵聘集團 主席 戴科彬 中國，2025年8月29日 自2025年8月29日起，同道獵聘集團董事會（「董事會」）成員及其各自於董事會 及董事委員會的角色及職能載列如下： | 董事 | 董事委員會 | 審核委員會 | 提名委員會 | 薪酬委員會 | | --- | --- | --- | --- | --- | | 執行董事 | | | | | | 戴科彬（首席執行官） | | — | C | — | | 田歌（首席財務官） | | — | — | — | | 獨立非執行董事 | | | | | | 葉亞明 | | M | M | M | | 張溪夢 | | M | — | C | | 范新鵬 | ...

Financial Performance - For the six months ended June 30, 2025, the company's revenue was RMB 937.2 million, a decrease of 7.6% compared to RMB 1,014.6 million for the same period in 2024[4] - The gross profit for the same period was RMB 727.6 million, down 8.1% from RMB 791.9 million in 2024[4] - Net profit increased by 55.8% to RMB 102.8 million, compared to RMB 66.0 million in the previous year[4] - Operating profit increased to RMB 108,148,000, compared to RMB 72,673,000 in the previous year, indicating a growth of 48.8%[18] - The net profit attributable to equity shareholders for the six months ended June 30, 2025, was RMB 80.3 million, compared to RMB 45.3 million for the same period in 2024[44] - Total comprehensive income for the period in 2025 was RMB 97,277 thousand, up 32.6% from RMB 73,354 thousand in 2024[20] - Basic earnings per share for the six months ended June 30, 2025, were RMB 16.82, compared to RMB 9.52 in the same period of 2024, reflecting a significant increase[18] User Growth - The number of registered individual users reached 111.4 million, reflecting a growth of 10.52% from 100.8 million in 2024[9] - The number of verified corporate users increased by 4.84% to 1,434,168, up from 1,367,938 in 2024[9] - The average monthly active users increased by 18.5% year-on-year, reaching a new high for the same period in 2024[15] Product Development - The company launched new AI recruitment products, significantly enhancing recruitment efficiency and covering over 70% of paid clients[11] - The AI recruitment product "Doris" achieved a consistency rate of 95% with senior interview experts, enhancing user experience[11] - The company plans to launch the "Agent" product in Q3 2025, which will enhance the delivery process for headhunting businesses[12] Cash Flow and Financial Position - Cash and cash equivalents as of June 30, 2025, were RMB 887,435 thousand, an increase from RMB 810,235 thousand at the beginning of the year[26] - Net cash used in operating activities for the first half of 2025 was RMB (38,399) thousand, an improvement from RMB (119,529) thousand in the same period of 2024[24] - The company generated net cash from investing activities of RMB 381,365 thousand in the first half of 2025, compared to RMB 58,434 thousand in 2024[24] - The net cash used in financing activities for the six months ended June 30, 2025, was RMB 262.7 million, up from RMB 91.7 million in 2024, primarily due to increased special dividend payments to shareholders[66] Expenses and Costs - Research and development expenses decreased by 21.7% to RMB 125.7 million for the six months ended June 30, 2025, from RMB 160.5 million in 2024, representing 13.4% of revenue[53] - Selling and marketing expenses were RMB 420.5 million for the six months ended June 30, 2025, a decrease of 12.9% from RMB 482.7 million in 2024, accounting for 44.9% of revenue[51] - The company's general and administrative expenses were RMB 135.7 million for the six months ended June 30, 2025, a decrease of 4.8% from RMB 142.5 million in 2024[52] Dividends and Shareholder Returns - The company did not recommend any interim dividend for the six months ended June 30, 2025[6] - The company paid a special dividend of HKD 0.42 per share, marking its first dividend payment since going public[17] Corporate Governance - The audit committee reviewed the unaudited consolidated interim financial results for the six months ended June 30, 2025, and confirmed compliance with relevant accounting standards[86] - The company has adopted the standard code for securities trading by directors, and all directors confirmed compliance for the six months ended June 30, 2025[87] - The board consists of experienced independent non-executive directors, ensuring a balance of power and responsibilities[83] - The company will continue to review the effectiveness of its corporate governance structure regarding the roles of the chairman and CEO[83] Miscellaneous - The company has no significant investments or capital asset plans other than those disclosed in the announcement as of June 30, 2025[81] - There were no major acquisitions or disposals involving subsidiaries or associates during the six months ended June 30, 2025[79] - The company has no significant contingent liabilities as of June 30, 2025[71] - The company expresses gratitude to shareholders, management, employees, business partners, and customers for their support and contributions[92]

Investment Rating - The report maintains a "Positive" outlook for the media industry [4] Core Insights - The recent policy document from the State Council emphasizes the implementation of "Artificial Intelligence +" actions, which is expected to significantly boost the AI industry chain, similar to the "Internet +" policy in 2015 [7] - The report anticipates a fourfold increase in AI penetration rate within three years, aiming for 70% by 2027 and 90% by 2030, indicating substantial growth potential in AI user base [7][8] - The demand for AI computing power is projected to surge, with major players like Alibaba, Baidu, Tencent, and Huawei expected to benefit from this trend [7] - The report highlights the strategic importance of AI applications, suggesting that new "killer apps" may emerge as AI penetration increases [7] Summary by Sections Investment Recommendations and Targets - Focus on AI applications in two key areas: AI + video/image (Kuaishou-W, Meitu) and AI + recruitment (BOSS Zhipin-W, Tongdao Liepin, Beisen Holdings) [2] - Major companies to watch include Alibaba-W, Tencent Holdings, Kuaishou-W, Baidu Group-SW, and ByteDance [2] - Companies involved in data and copyright in the industry include People’s Daily, Zhejiang Shuzhi Culture, Vision China, and Zhongwen Online [2] Policy and Market Dynamics - The policy document outlines a three-step strategy for AI penetration, with specific targets for 2027 and 2030 [8] - Key areas of focus include AI integration in science and technology, industrial development, and consumer quality enhancement [8][9] - The report emphasizes the need for a supportive environment for AI applications, including the establishment of national AI application pilot bases [7][8] AI Ecosystem Development - The report discusses the importance of fostering an open-source ecosystem for AI, which is seen as crucial for rapid advancements in domestic AI models [7] - It highlights the need for enhanced data supply, intelligent computing power coordination, and talent development to support AI growth [12]

Core Viewpoint - The company, Tongdao Liepin (06100.HK), has scheduled a board meeting on August 29, 2025, to consider and approve its interim results for the six months ending June 30, 2025, along with any proposed interim dividend and other matters [1] Group 1 - The board meeting is set for August 29, 2025 [1] - The meeting will address the interim results for the six months ending June 30, 2025 [1] - The company will also consider any proposed interim dividend during the meeting [1]