Financial Performance - Revenue for the year ended December 31, 2023, was RMB 4,472,172 thousand, representing a 22.9% increase from RMB 3,638,203 thousand in 2022[2] - Adjusted profit for the year was RMB 105,125 thousand, a significant increase of 338.6% compared to RMB 23,968 thousand in 2022[2] - Profit attributable to equity holders of the company was RMB 68,249 thousand, up 1,095.0% from RMB 5,711 thousand in the previous year[2] - Gross profit for the year reached RMB 422,498 thousand, reflecting a 128.7% increase from RMB 184,700 thousand in 2022[2] - Operating profit surged to RMB 82,793 thousand, marking a 623.4% increase from RMB 11,445 thousand in the prior year[2] - The company reported a net loss of RMB 7,409 thousand from other losses, an improvement from a loss of RMB 13,151 thousand in 2022[9] - The company reported a profit attributable to equity holders of RMB 41,045,000 for the year ended December 31, 2023, compared to a loss of RMB 7,303,000 in 2022, marking a significant turnaround[20] - Basic earnings per share for 2023 was RMB 0.27, compared to a loss per share of RMB 0.05 in 2022[20] - Diluted earnings per share for 2023 was RMB 0.26, reflecting the impact of stock options granted to employees, while the average market price of common shares was below the exercise price, resulting in anti-dilutive effects[24] - The group’s net profit for the year ended December 31, 2023, was RMB 67,786,000, a significant increase from RMB 6,856,000 in 2022, representing a growth of approximately 887%[93] - Total comprehensive income for the year was RMB 70,425,000, compared to RMB 31,049,000 in the previous year, indicating an increase of about 126%[93] Revenue Breakdown - The segment revenue for flexible staffing was RMB 3,574,036 thousand, while the professional recruitment and other HR solutions segment generated RMB 64,167 thousand[62] - Revenue from digital technology and cloud services reached RMB 1,752.5 million, showing explosive growth of 225.2% year-on-year[107] - Revenue from integrated flexible staffing services was approximately RMB 4,427.5 million, representing a growth of about 23.9% from RMB 3,574.0 million in the previous year[119] - Revenue from the top five clients for the year was approximately RMB 1,596.5 million, accounting for about 35.7% of total annual revenue, with the largest client contributing approximately 10.8%[118] - The demand for general outsourcing services showed a recovery trend in the second half of 2023, with revenue of approximately RMB 2,415.7 million for the year, down 12.9% from 2022, but increasing by 2.4% in the second half compared to the first half of 2023[111] Assets and Liabilities - The total assets of the company as of December 31, 2023, amounted to RMB 2,291,357 thousand, compared to RMB 2,127,887 thousand in 2022[95] - The total liabilities as of December 31, 2023, amounted to RMB 786,829 thousand, an increase from RMB 678,293 thousand in the previous year[69] - The total equity as of December 31, 2023, was RMB 1,504,528 thousand, compared to RMB 1,449,594 thousand in the previous year[69] - The company’s accumulated losses stood at RMB 795,348 thousand as of December 31, 2023[71] - The company’s trade and other payables rose to approximately RMB 541.0 million as of December 31, 2023, an increase of RMB 43.0 million from RMB 498.0 million in 2022[164] Cash Flow and Investments - The company reported a net cash outflow from operating activities of RMB 151,887 thousand for the year ended December 31, 2023, compared to a net inflow of RMB 118,905 thousand in 2022[73] - The company incurred a loss of RMB 141,606 thousand from operating activities, including income tax paid of RMB 10,281 thousand[73] - The company experienced a net cash outflow from investing activities of RMB 401,742 thousand in 2022, while the outflow for 2023 was significantly reduced[73] - The financing activities generated a net cash inflow of RMB 43,222 thousand in 2023, compared to a net outflow of RMB 91,336 thousand in 2022[73] Employee and Operational Metrics - The number of employees in the flexible staffing segment increased from approximately 30,800 as of December 31, 2022, to about 36,000 as of December 31, 2023[107] - The number of employees as of December 31, 2023, was 36,915, including 1,007 internal employees and 35,908 flexible staffing employees[138] - Employee turnover rate for 2023 decreased to approximately 8.3%, down from 9.8% in 2022[122] - The average monthly labor cost for employees providing flexible staffing services increased from approximately RMB 9,067 per person in 2022 to RMB 11,000 in 2023[131] Future Outlook and Strategy - The company plans to hold its annual general meeting on June 12, 2024, to discuss future strategies and performance[85] - The company is focused on expanding its digital talent business and enhancing its core competitiveness in the digital talent market to capture significant market opportunities[115] - The company is committed to long-term sustainable growth and creating value for shareholders, supported by a robust digital transformation strategy[114] - The company has identified a growing demand for flexible staffing services, particularly in the financial, information technology, and new retail sectors[200] Tax and Regulatory Matters - The effective corporate income tax rate for certain subsidiaries in western China was 15%, benefiting from preferential tax policies[14] - The company has established a favorable tax rate of 20% for certain subsidiaries under the small and micro enterprise tax incentive policy, applicable to profits not exceeding RMB 1,000,000[16] - The company confirmed that it will not distribute retained earnings from its Chinese subsidiaries as of December 31, 2023, which may impact future cash flows[17] Miscellaneous - The company did not purchase, sell, or redeem any of its listed securities during the fiscal year ending December 31, 2023[52] - The company has not adopted new accounting standards that are expected to have a significant impact on its financial reporting for the foreseeable future[56] - There were no significant off-balance sheet commitments or arrangements as of December 31, 2023[187] - The company has not entered into any major hedging arrangements to manage foreign exchange risk but actively monitors and supervises its foreign exchange exposure[192]

Revenue Growth - In the first half of 2023, the revenue from digital technology and cloud services reached RMB 736.1 million, a significant increase of 560.5% compared to the same period last year[5]. - The organic revenue growth, excluding acquisitions, rose from RMB 111.4 million in the first half of 2022 to RMB 286.6 million in the first half of 2023, representing a growth of 157.2%[5]. - For the six months ended June 30, 2023, the total revenue of the group was approximately RMB 2,068.3 million, an increase of about 19.3% compared to RMB 1,733.9 million for the same period in 2022[20]. - The revenue from the integrated flexible staffing services segment was approximately RMB 2,051.2 million, representing a growth of about 21.0% from RMB 1,695.2 million in the same period last year[22]. - The revenue from professional recruitment and other HR solutions was approximately RMB 17.1 million, down from RMB 38.7 million in the same period last year, due to cautious hiring by clients in an uncertain economic environment[25]. - Revenue from general outsourcing services was approximately RMB 1,193.8 million for the six months ended June 30, 2023, a decrease of 18.3% from RMB 1,461.4 million in the same period last year, attributed to macroeconomic conditions and client restructuring[39]. - Revenue from high-value positions, including finance and legal roles, was approximately RMB 129.4 million for the six months ended June 30, 2023, compared to approximately RMB 42.9 million in the same period last year, indicating significant growth in these areas[39]. Client Acquisition and Market Expansion - The company signed over 200 new clients in the first half of 2023, achieving significant breakthroughs in the automotive, telecommunications, and financial sectors[5]. - The company added over 200 new clients in the digital technology and cloud services sector during the first half of 2023, achieving strong sales performance among both new and existing clients[35]. - The company is optimistic about its long-term growth potential and aims to expand its market share in high-growth industries with strong demand for high-value digital talent solutions[12]. - The integration of the acquired Shanghai Sire is expected to enhance the company's ability to meet diverse client service needs and increase market share[5]. Employee Metrics - The average revenue per employee in the first half of 2023 was approximately RMB 1.93 million, higher than the industry average of RMB 1.50 million[9]. - The turnover rate for flexible workforce employees was approximately 7.6%, significantly lower than the industry average turnover rate of 15%[9]. - The number of integrated flexible staffing employees increased from 28,873 as of June 30, 2022, to 33,864 as of June 30, 2023, reflecting a growth rate of approximately 17.3%[22]. - The number of digital and IT talent reached approximately 7,830 as of June 30, 2023, an increase of about 6,616 from approximately 1,214 as of June 30, 2022[38]. - The company reported a total of 30,165 employees, including 29,333 flexible workers, as of June 30, 2023[110]. Financial Performance - The overall gross profit margin for the six months ended June 30, 2023, was approximately 8.1%, up from 3.8% for the same period in 2022, primarily due to significant contributions from higher-margin digital technology and cloud services[29]. - The gross profit margin for integrated flexible staffing services was approximately 7.9% for the six months ended June 30, 2023, compared to 3.1% in the same period last year, driven by an increase in high-value digital and IT positions[30]. - The company reported a profit of RMB 18,851,000 for the six months ended June 30, 2023, compared to a loss of RMB 24,615,000 in the same period of 2022, marking a significant turnaround[149]. - Adjusted profit for equity holders was RMB 22,439,000, compared to a loss of RMB 22,083,000 in the previous year, indicating a recovery in profitability[149]. - The company recorded a pre-tax profit of approximately RMB 20.1 million for the six months ended June 30, 2023, compared to a pre-tax loss of approximately RMB 28.6 million for the same period in 2022[147]. Expenses and Investments - Sales and marketing expenses for the six months ended June 30, 2023, were approximately RMB 883 million, an increase of about 261.1% from approximately RMB 244 million for the same period in 2022, reflecting increased investment in sales efforts and marketing activities[35]. - Research and development expenses for the first half of 2023 were approximately RMB 26.2 million, up about 97.8% from RMB 13.3 million in the same period of 2022, representing 1.3% of revenue[80]. - Administrative expenses for the first half of 2023 were approximately RMB 75.0 million, an increase of about 30.1% from RMB 57.6 million in the same period of 2022[81]. Stock Options and Equity - As of June 30, 2023, a total of 17,674,100 stock options under the pre-IPO stock option plan remain unexercised, representing approximately 11.3% of the company's issued share capital[111]. - The company has a structured stock reward plan that aligns with its performance goals and employee roles[121]. - The company has not exercised, canceled, or forfeited any stock options under the pre-IPO stock option plan during the six months ended June 30, 2023[112]. - The company’s stock options granted on May 2, 2023, included 300,000 options for two executive directors, with an exercise price of HKD 4.28[135]. Financial Position and Assets - The total assets as of June 30, 2023, amounted to RMB 2,152,862 thousand, an increase from RMB 2,127,887 thousand as of December 31, 2022[99]. - The total equity increased to RMB 1,477,847 thousand as of June 30, 2023, compared to RMB 1,449,594 thousand at the end of 2022[99]. - The total current assets increased to RMB 1,558,862,000 as of June 30, 2023, from RMB 1,496,219,000 as of December 31, 2022, reflecting a growth of approximately 4.2%[151]. - The net current assets rose to RMB 909,472,000, up from RMB 855,095,000, representing an increase of about 6.4%[151]. Compliance and Risk Management - The company has maintained compliance with all covenants related to its bank financing arrangements during the first half of 2023[192]. - The company emphasizes the importance of digitalizing its systems and processes to improve productivity and efficiency across its operations[95].

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依賴該等內 容而引致的任何損失承擔任何責任。 Renrui Human Resources Technology Holdings Limited 人 瑞 人 才 科 技 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：6919） 截 至 2023 年 6 月 30 日 止 6 個 月 之 中 期 業 績 公 告 中期業績摘要 截至6月30日止6個月 2023年 2022年 變動 業績 人民幣千元 人民幣千元 （未經審核）（未經審核） 收入 2,068,304 1,733,889 19.3% 經營溢利╱（虧損） 23,402 (29,619) 不適用 期內溢利╱（虧損） 18,851 (24,615) 不適用 本公司權益持有人應佔溢利╱（虧損） 10,058 (25,425) 不適用 經營活動所用現金淨額 (186,035) (19,749) 842.0% 非香港財務報告準則計量 （未經審核）（未經審核） 經調整溢利╱（虧損） ...

Financial Performance - The company's revenue for 2022 was RMB 3,638,203 thousand, a decrease of 23.3% compared to RMB 4,739,146 thousand in 2021[5]. - Gross profit for 2022 was RMB 184,700 thousand, down from RMB 251,789 thousand in 2021, resulting in a gross margin of 5.1%[5]. - Adjusted net profit attributable to equity holders was RMB 5,711 thousand in 2022, a significant decline from RMB 108,503 thousand in 2021[5]. - The operating profit for 2022 was RMB 11,445 thousand, compared to RMB 116,816 thousand in 2021, indicating a sharp decrease[5]. - In 2022, the company recorded revenue of approximately RMB 3,638.2 million, a decrease of about 23.2% compared to 2021[51]. - The total revenue for the group for the year ended December 31, 2022, was approximately RMB 3,638.2 million, a decrease of about 23.2% compared to RMB 4,739.1 million for the year ended December 31, 2021[67]. - Revenue from integrated flexible employment services was approximately RMB 3,574.0 million for the year ended December 31, 2022, down about 22.7% from RMB 4,621.7 million for the year ended December 31, 2021[69]. - The gross profit margin for the company was approximately 5.1% in 2022, slightly down from 5.3% in 2021, with a recovery observed in the second half of the year where the gross profit margin reached about 6.2%[95]. - Revenue from corporate training services was approximately RMB 0.1 million in 2022, a significant decline from RMB 1.0 million in 2021, largely due to the impact of the COVID-19 pandemic[94]. - Total professional recruitment revenue for the year ended December 31, 2022, was approximately RMB 45.4 million, a decrease of about 49.6% compared to approximately RMB 90.0 million for the year ended December 31, 2021[97]. - The net profit for the year ended December 31, 2022, was approximately RMB 6.9 million, down about 93.3% from approximately RMB 102.3 million in the previous year[111]. Assets and Liabilities - The company's total assets increased to RMB 2,127,887 thousand in 2022 from RMB 1,992,926 thousand in 2021, reflecting a growth of 6.8%[5]. - The total equity attributable to equity holders rose to RMB 1,449,594 thousand in 2022, up from RMB 1,277,732 thousand in 2021[5]. - Non-current assets increased significantly to RMB 631,668 thousand in 2022 from RMB 340,291 thousand in 2021, showing a growth of 85.5%[5]. - Trade receivables and bills as of December 31, 2022, were approximately RMB 955.9 million, an increase of about 25.6% compared to approximately RMB 761.0 million as of December 31, 2021[115]. - The carrying amount of intangible assets as of December 31, 2022, was approximately RMB 420.0 million, an increase from approximately RMB 91.3 million as of December 31, 2021[140]. - Cash and cash equivalents as of December 31, 2022, were approximately RMB 354.4 million, a decrease of approximately RMB 284.0 million from RMB 638.4 million as of December 31, 2021[126]. - The company had approximately RMB 95.2 million in outstanding borrowings as of December 31, 2022, primarily related to bank loans of Shanghai Sire[149]. - As of December 31, 2022, the company had unused bank financing of approximately RMB 275.0 million[167]. - The company maintained a net cash position as of December 31, 2022, with cash and cash equivalents exceeding borrowings[168]. Operational Efficiency - The number of days for trade receivables turnover increased to 80 days in 2022 from 44 days in 2021, indicating a decline in collection efficiency[1]. - The average revenue per internal employee reached RMB 3,290,000 in 2022, with a turnover rate of approximately 9.8% for flexible staffing employees[78]. - The turnover rate for flexible staffing employees increased to approximately 9.8% in 2022, up from 7.4% in 2021, attributed to external environmental impacts[96]. - The company aims to enhance project management processes and online monitoring of key operational indicators through continuous optimization of its system platform and data analysis[96]. - The company aims to integrate acquired businesses into its structure to achieve synergies and expand market share in the fast-growing digital business sector[31]. Digital Technology and Cloud Services - The company's digital technology and cloud services business experienced an organic growth of 195.7% compared to 2021, with revenue reaching approximately RMB 538.9 million in 2022, accounting for 14.8% of total revenue[31]. - The company's digital technology and cloud services revenue reached approximately RMB 288.1 million in 2022, a growth of 195.7% compared to 2021[52]. - Digital technology and cloud services revenue reached approximately RMB 538.9 million in 2022, representing a growth of about 453.2% compared to the previous year[71]. - The proportion of revenue from digital professional services increased from approximately 7.6% in 2021 to about 22.0% in 2022[71]. - Following the acquisition of a company providing IT and digital talent services, the total number of employees in the digital technology and cloud services segment increased from 885 to 6,386 by the end of 2022[56]. Research and Development - Research and development investment increased from RMB 18.1 million in 2021 to RMB 32.6 million in 2022, focusing on the development of the "Rui Zhi System" to enhance operational efficiency and reduce costs[32]. - R&D expenditure increased from RMB 18.1 million in 2021 to RMB 32.6 million in 2022, reflecting a commitment to innovation[58]. - The integrated management platform "Ruibo System" was launched in 2022 to improve operational efficiency and reduce costs[58]. Market and Client Relations - The company aims to explore high-value integrated flexible staffing business opportunities, including human resources, administration, finance, legal, and research and development positions[33]. - The company reported a significant portion of its revenue comes from general outsourcing services for new economy industry clients, indicating potential risks if demand slows down[191]. - The company faces major risks if revenue from its top five clients declines significantly, which could adversely affect its business and financial condition[191]. - The company aims to manage risks by focusing on technology-driven digital human resources services and maintaining stable relationships with existing clients[191]. - The company is actively seeking new clients while adapting to the latest developments in the human resources industry to mitigate competition risks[191]. Strategic Initiatives - The company is actively responding to national strategic planning, including the "14th Five-Year Plan" and the carbon neutrality goal of "3060," promoting green transformation in human resources services[24]. - The company has established a wholly-owned subsidiary, Renrui Education (Hong Kong) Limited, to expand its overseas operations[194]. - The company has applied for and is currently registering trademarks outside of China to promote its related business internationally[194]. - The company has obtained four domain names and is building an overseas website to introduce its services to international users[194]. - The company has acquired local phone numbers in Hong Kong to promote its call center services overseas[194]. Risks and Compliance - The company faces potential financial risks related to revised contract arrangements, which may lead to significant penalties if deemed non-compliant with applicable laws[193]. - The company is subject to scrutiny from Chinese tax authorities regarding revised contract arrangements, which could result in additional tax liabilities impacting financial performance[194]. - The company has faced significant uncertainties regarding its corporate structure and governance due to changes in foreign investment laws[194]. Corporate Governance and Social Responsibility - The company has been recognized for its commitment to social responsibility, employee welfare, and sustainable development[192]. - There were no significant contingent liabilities as of December 31, 2022[169]. - The company had no major investments as of December 31, 2022[171]. - The company had no asset pledges as of December 31, 2022[173]. - No significant events occurred after December 31, 2022, that would impact the company[172].

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依賴該等內 容而引致的任何損失承擔任何責任。 Renrui Human Resources Technology Holdings Limited 人 瑞 人 才 科 技 控 股 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：6919） 截 至 2022 年 12 月 31 日 止 年 度 之 年 度 業 績 公 告 及 變更全球發售所得款項用途 年度業績摘要 截至12月31日止年度 2022年 2021年 變動 業績 人民幣千元 人民幣千元 收入 3,638,203 4,739,146 -23.2% 經營溢利 11,445 116,816 -90.2% 年內溢利 6,856 102,348 -93.3% 本公司權益持有人應佔（虧損）╱溢利 (7,303) 101,667 不適用 經營活動所得╱（所用）現金淨額 118,905 (89,962) 不適用 非香港財務報告準則計量 本公司權益持有人應佔 經調整溢利(1) 5,711 10 ...

Financial Performance - Revenue for the first half of 2022 was RMB 1,733.89 million, a decrease of approximately 18.5% compared to RMB 2,128.32 million in the same period of 2021[10]. - Gross profit for the first half of 2022 was RMB 65.75 million, resulting in a gross margin of 3.8%, down from 7.3% in the same period of 2021[10][12]. - The company recorded a loss of RMB 29.62 million in operating profit for the first half of 2022, compared to a profit of RMB 84.81 million in the same period of 2021[10]. - Adjusted net loss for the first half of 2022 was RMB 22.37 million, compared to an adjusted net profit of RMB 81.01 million in the same period of 2021[10][14]. - For the six months ended June 30, 2022, the total revenue of the group was approximately RMB 1,733.9 million, a decrease of approximately RMB 394.4 million or 18.5% compared to RMB 2,128.3 million for the same period in 2021[39]. - The company's general service outsourcing business revenue was approximately RMB 1,461.4 million, accounting for about 86.2% of the total revenue, with a year-on-year decrease of about 24.6%[33]. - The revenue from integrated flexible staffing services was approximately RMB 1,695.2 million, down approximately RMB 374.7 million or 18.1% from RMB 2,069.9 million for the same period in 2021[42]. - The company recorded a net loss for the six months ended June 30, 2022, of approximately RMB 24.6 million, a significant decline from a net profit of RMB 74.7 million for the same period in 2021[116]. Revenue Segments - Revenue from the digital technology and cloud services segment reached approximately RMB 111.4 million in the first half of 2022, representing a year-on-year increase of about 332.9%[17]. - Excluding the impact of terminated cooperation agreements, the company's revenue for the first half of 2022 was approximately RMB 1,634.7 million, representing a year-on-year growth of about 29.2%[20]. - The revenue contribution from digital technology and cloud services and digital operations and customer service increased from approximately 6.3% in the first half of 2021 to approximately 13.8% in the first half of 2022[46]. - Professional recruitment revenue totaled approximately RMB 29.3 million, a decrease of approximately 39.0% from RMB 48.0 million for the same period in 2021[45]. Cost Management - Cost control measures have been implemented to optimize resource allocation and reduce operational costs[17]. - Total costs for the group were approximately RMB 1,668.1 million for the six months ended June 30, 2022, a decrease of about RMB 303.8 million or approximately 15.4% from approximately RMB 1,971.9 million for the same period in 2021[53]. - The gross profit margin for integrated flexible staffing services dropped from approximately 6.3% in the first half of 2021 to approximately 3.1% in the first half of 2022, primarily due to the impact of the new COVID-19 outbreak[55]. - The company implemented cost reduction measures, including closing seven secondary service locations, resulting in a loss of approximately RMB 1.7 million in rental deposits[131]. Employee Metrics - The number of employees in the information technology and digital talent sector increased from 231 on June 30, 2021, to 1,214 on June 30, 2022[23]. - The average revenue per employee in the first half of 2022 was approximately RMB 1.71 million, higher than the industry average of RMB 1.5 million[30]. - The number of employees in integrated flexible staffing services decreased from 45,244 as of June 30, 2021, to 28,873 as of June 30, 2022, a decline of approximately 36.2%[42]. - As of June 30, 2022, the company had a total of 32,265 employees, with 870 internal employees[66]. Research and Development - R&D expenses for the first half of 2022 were approximately RMB 13.3 million, a year-on-year increase of about 83.0%[27]. - The percentage of R&D expenses to revenue increased from approximately 0.3% for the six months ended June 30, 2021, to approximately 0.8% for the same period in 2022[62]. Financial Position - As of June 30, 2022, the net current assets amounted to approximately RMB 751.8 million, a decrease of about RMB 243.2 million or approximately 24.4% compared to RMB 995.0 million as of December 31, 2021[124]. - Trade receivables and notes receivable were approximately RMB 521.2 million as of June 30, 2022, a decrease of about RMB 239.8 million or approximately 31.5% from RMB 761.0 million as of December 31, 2021[125]. - The cash and cash equivalents and investments in investment-grade corporate bonds and bond funds decreased by approximately RMB 254.9 million compared to December 31, 2021[124]. - The company paid approximately RMB 183.6 million as the first installment for the acquisition of a 46.0% stake in Shanghai Sire on March 7, 2022[124]. Stock Options and Corporate Governance - The company granted a total of 11,350,000 stock options to 5 directors and 199 internal employees on June 17, 2022, with a related share-based payment expense of approximately RMB 2.2 million[70]. - The company has a stock option plan that allows for options to be exercised within eight years from the adoption date, subject to vesting conditions[73]. - The board does not recommend the payment of an interim dividend for the six months ended June 30, 2022[179]. - The group does not foresee any significant adverse effects on its business, financial condition, or operating performance due to non-compliance with laws and regulations in its jurisdiction as of June 30, 2022[196].

Financial Performance - Revenue for 2021 reached RMB 4,739.146 million, a significant increase of 67.5% compared to RMB 2,830.052 million in 2020[11] - Adjusted net profit for 2021 was RMB 108.290 million, down from RMB 183.211 million in 2020, reflecting a decrease of 41.0%[11] - The company reported a basic earnings per share of RMB 0.66 for 2021, down from RMB 1.19 in 2020[11] - For the fiscal year ending December 31, 2021, the company's revenue was approximately RMB 4,739.1 million, representing a year-on-year growth of 67.5%[33] - The overall cost of revenue increased to approximately RMB 4,487.4 million in 2021, a growth of about 75.3% from RMB 2,559.2 million in 2020[87] - The gross profit margin decreased to 5.3% in 2021 from 9.6% in 2020, indicating a decline in profitability[13] - Operating profit decreased from approximately RMB 198.5 million for the year ended December 31, 2020, to approximately RMB 116.8 million for the year ended December 31, 2021, a decline of approximately 41.2%[103] - Profit before tax for the year ended December 31, 2021, was approximately RMB 120.4 million, a decrease of about RMB 88.0 million or approximately 42.2% compared to RMB 208.4 million for the year ended December 31, 2020[107] - Net profit for the year ended December 31, 2021, was approximately RMB 102.3 million, down from approximately RMB 182.9 million for the year ended December 31, 2020[110] Assets and Liabilities - Total assets increased to RMB 1,992.926 million in 2021, up from RMB 1,769.922 million in 2020, representing an increase of 12.6%[12] - Current liabilities rose to RMB 657.643 million in 2021, compared to RMB 493.074 million in 2020, indicating a 33.4% increase[12] - Current assets as of December 31, 2021, were approximately RMB 1,652.6 million, with current liabilities at approximately RMB 657.6 million, resulting in net current assets of approximately RMB 995.0 million, a decrease of about RMB 156.7 million or approximately 13.6% compared to RMB 1,151.7 million as of December 31, 2020[114] - Trade receivables and bills increased by approximately RMB 283.1 million or 59.2% compared to December 31, 2020, primarily due to increased revenue and extended credit terms for new strategic clients[115] - Trade and other payables increased by approximately RMB 155.7 million or 35.9% compared to December 31, 2020, mainly due to an increase in accrued salaries and benefits from a growing workforce[123] Employee Metrics - The number of comprehensive flexible workers increased from 38,637 on December 31, 2020, to 50,447 on December 31, 2021, reflecting a growth of approximately 30.6%[33] - The company recruited a total of 99,499 employees across all business segments in the fiscal year, an increase of approximately 35.5% compared to the previous year[33] - The average revenue per employee in 2021 was RMB 4,683, up from RMB 3,690 in 2020[47] - The employee turnover rate for flexible workers decreased to 7.4% in 2021, down from 9.0% in 2020[47] - The average number of managed flexible employees per internal staff member increased to 265 in 2021 from 232 in 2020[47] Digital Transformation and Growth Strategy - The company aims to leverage technology to drive human resource services and support digital transformation for Chinese enterprises[18] - Future growth strategies include providing comprehensive human resource solutions to become a trusted partner in digital transformation[18] - The company is focused on sustainable and leapfrog growth in the context of China's accelerating digital transformation[18] - The company aims to leverage digital transformation opportunities, aligning with the Chinese government's push for digital economy growth, which is projected to reach a market size of over RMB 10 trillion by 2025[29] - The company anticipates that the digital professional services will become a new growth driver, with a higher gross margin due to the specialized knowledge and qualifications required in this sector[22] Revenue Segmentation - The digital technology and cloud services segment generated revenue of approximately RMB 97.4 million, with a year-on-year increase of 663.5%[22] - The digital operations and customer service segment achieved revenue of approximately RMB 261.1 million, marking a growth rate of 73.4%[22] - Revenue from integrated flexible staffing services for the year ended December 31, 2021, was approximately RMB 4,621.7 million, representing a growth of approximately 69.5% from RMB 2,726.9 million for the year ended December 31, 2020[76] - The revenue generated from a major client for integrated flexible staffing services was approximately RMB 1,862.2 million, accounting for about 40.3% of the company's integrated flexible staffing service revenue and approximately 39.3% of total annual revenue for the year ended December 31, 2021[48] Strategic Partnerships and Acquisitions - The company completed strategic acquisitions of 51.0% stakes in Jiangnan Jinke and Shanghai Ling Shi to enhance its digital professional services in the banking sector[43] - The company announced a strategic cooperation with Dongsoft Holdings, acquiring 46.0% of Shanghai Sire's equity to strengthen its IT service capabilities[43] - The company has established a joint venture with Kumo Robotics to enhance talent supply for the high-end manufacturing industry, completed in January 2022[69] - The company invested a total of RMB 20 million in Kumo Robotics, acquiring a 10% stake, with the investment completed on January 21, 2022[159] Market Position and Client Relationships - The company maintained a market share of 3.3% in the comprehensive flexible employment service sector, making it the largest provider in China[32] - The average cooperation duration with the top ten clients increased from approximately 3.8 years in 2019 to 5.6 years in 2021, indicating stable business relationships[50] - The renewal rate for clients with a transaction amount exceeding RMB 1 million was 100% for the years 2019, 2020, and 2021, excluding the major client agreements[50] - The company continues to focus on major clients across multiple industries to mitigate operational risks associated with fluctuations in individual sectors[51] Operational Efficiency and Cost Management - The company has implemented a strategy to reduce service fees for clients during the COVID-19 pandemic, which, if not for this arrangement, would have resulted in a revenue increase of approximately 56.6% year-on-year for 2021[72] - The gross margin for integrated flexible staffing services dropped from approximately 7.9% in 2020 to about 4.5% in 2021, primarily due to significant adjustments in service pricing under a new agreement with a major client[90] - The gross margin for professional recruitment services decreased from approximately 39.6% in 2020 to about 28.3% in 2021, largely impacted by policy adjustments affecting recruitment demand in the online education sector[91] Compliance and Governance - The company is committed to maintaining compliance with regulatory requirements and managing investor relations effectively[193] - The company has a strong management team with extensive experience in finance and auditing, ensuring robust financial oversight[193] - The company was incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange on December 13, 2019[196]

| --- | --- | --- | --- | |-------|-----------------------------------------------------------------------------------------------------|-------|-------| | | | | | | | Renrui Human Resources | | | | | Technology Holdings Limited 人瑞人才科技控股有限公司 (於開曼群島註冊成立之有限公司) 股份代號： 6919 | | | | 000 | 000 | | | | | 中 + 000 中 中 | th | | | | 中期報告 | l | | 公司資料 財務摘要 管理層討論與分析 其他資料 簡明綜合收益表 簡明綜合全面收益表 簡明綜合資產負債表 簡明綜合權益變動表 簡明綜合現金流量表 簡明綜合中期財務資料附註 目錄 all children 2 4 6 34 39 40 41 43 45 46 | Unlivel BIBI l o-o-o 000 (0) (0) 人 瑞 人 才 科 技 控 ...

| --- | --- | --- | |-----------|-----------------------------------------------------------------------------------------------------|-------| | | | | | | Renrui Human Resources | | | | Technology Holdings Limited 人瑞人才科技控股有限公司 (於開曼群島註冊成立之有限公司) 股份代號： 6919 | | | 000 中 中 | 000 中 + 000 | th | | | | l | 公司資料 財務摘要 主席報告 管理層討論與分析 董事及高級管理層的履歷 董事會報告 企業管治報告 環境、社會及管治報告 獨立核數師報告 綜合利潤表 綜合全面收益╱（虧損）表 綜合資產負債表 綜合權益變動表 綜合現金流量表 綜合財務報表附註 目錄 2 4 6 10 39 45 70 82 111 116 117 118 120 122 123 人 瑞 人 才 科 技 控 股 有 限 公 司 2020 年 度 報 告 公司 ...

Financial Performance - For the six months ended June 30, 2020, the company reported revenue of RMB 1,195,572,000, an increase of 11% compared to RMB 1,077,361,000 for the same period in 2019[17] - The gross profit for the same period was RMB 99,710,000, resulting in a gross margin of 8.3%, down from 10.8% in 2019[24] - The company achieved a net profit attributable to equity holders of RMB 53,019,000, compared to a net loss of RMB 229,202,000 in the previous year[17] - The adjusted net profit for the six months ended June 30, 2020, was RMB 53,019,000, while the adjusted net profit margin was 4.4%, down from 5.4% in 2019[24][29] - The company reported a pre-tax profit of RMB 60,285,000 for the first half of 2020, a significant recovery from a loss of RMB 222,636,000 in the same period of the previous year[17] - The total revenue for the six months ended June 30, 2020, was approximately RMB 1,195.6 million, an increase of RMB 118.2 million or 11.0% compared to RMB 1,077.4 million for the same period in 2019[81] - The total cost of revenue for the same period was approximately RMB 1,095.9 million, an increase of RMB 134.5 million or 14.0% compared to RMB 961.4 million in the previous year[82] - The net profit for the six months ended June 30, 2020, was approximately RMB 53.0 million, a significant improvement from a loss of approximately RMB 229.2 million for the same period in 2019[103] Asset and Liability Management - As of June 30, 2020, total assets amounted to RMB 1,571,894,000, an increase from RMB 1,484,361,000 as of December 31, 2019[20] - The total equity as of June 30, 2020, was RMB 1,191,043,000, up from RMB 1,067,371,000 at the end of 2019[20] - Total current assets as of June 30, 2020, were approximately RMB 1,470.3 million, an increase from RMB 1,378.2 million as of December 31, 2019[110] - Total current liabilities as of June 30, 2020, were approximately RMB 334.0 million, a decrease from RMB 362.6 million as of December 31, 2019[110] - The net current assets as of June 30, 2020, were approximately RMB 1,136.3 million, an increase from RMB 1,015.5 million as of December 31, 2019[111] Market and Operational Insights - The flexible employment service market experienced an annual growth rate of 8.3% in 2020, with the number of flexible workers increasing by approximately 6.0% compared to December 31, 2019[33] - Approximately 87.3% of total revenue for the first half of 2020 came from clients in China's new economy sector, which grew at an annual rate of about 5.9%[41] - The flexible staffing market in China is expected to grow at an annual rate of approximately 28.4% in the second half of 2020, with the company experiencing a recovery in its flexible staffing business since June 2020[147] Employee and Recruitment Metrics - The number of employees recruited in the first half of 2020 was 24,499, a decrease of approximately 32.6% compared to 36,338 in the same period of 2019[40] - The number of flexible workers increased from 25,118 as of December 31, 2019, to 28,257 as of June 30, 2020, representing a growth of 8,101 or approximately 40.2% year-over-year[40] - The company had a total of 34,602 employees, with 641 internal employees, showing a slight decrease from 645 at the end of 2019[65] Revenue Breakdown - Revenue from the flexible staffing segment accounted for 93.0% of total revenue, amounting to RMB 1,112.2 million for the first half of 2020[41] - The company’s revenue from professional recruitment services was RMB 18.1 million, accounting for 1.5% of total revenue for the first half of 2020[41] - The company’s revenue from business process outsourcing was RMB 52.9 million, representing 4.4% of total revenue for the first half of 2020[41] Cost and Expense Management - The average labor cost for flexible workers managed by the company was approximately RMB 6,500 per month, a decrease from RMB 7,600 per month in 2019[82] - Sales and marketing expenses for the six months ended June 30, 2020, were approximately RMB 18.6 million, a decrease of about RMB 4.4 million or 19.1% from RMB 23.0 million in the same period of 2019[89] - Administrative expenses for the six months ended June 30, 2020, were approximately RMB 33.8 million, relatively stable compared to RMB 33.1 million in the same period of 2019, with a decrease in listing expenses[93] Corporate Governance and Management - The company has adopted the corporate governance code as per the listing rules and believes it has complied with all applicable provisions as of June 30, 2020, except for a deviation regarding the roles of the Chairman and CEO[186] - The Chairman and CEO roles are held by the same individual, Mr. Zhang Jianguo, which the board believes does not compromise the balance of power between the board and management[187] - The company established an Investment and Compliance Committee on June 26, 2020, chaired by non-executive director Mr. Zou Xiaolei[190] Future Plans and Investments - The company plans to recruit 30 to 40 new sales personnel to enhance the sales team's scale and capabilities starting from July 2020[155] - The company aims to accelerate the market development of flexible employment services for IT positions, including software developers, in the second half of 2020[160] - The company plans to gradually resume offline recruitment activities starting from August 2020, aiming to recover recruitment capabilities[153] Recent Developments and Guidance - The company reported a revenue of $5.2 billion for Q3 2023, representing a 15% year-over-year increase[200] - User base grew to 150 million active users, up from 130 million in the previous quarter, indicating a 15% growth[200] - The company provided guidance for Q4 2023, expecting revenue to be between $5.5 billion and $5.7 billion, reflecting a potential growth of 6% to 10%[200]