FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 北森控股有限公司 呈交日期： 2025年3月4日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 09669 | 說明 | 股份 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | | 佔有關 ...

須予披露交易 認購理財產品 董 事 會 宣 佈，於2025年2月25日，本 集 團 向中國銀行認購一款理財產 品，金 額 為 人 民 幣60.0百 萬 元（「本次中國銀行認購事項」）。於 本 次 中 國 銀 行 認 購 事 項 之 時，(i)於2024年9月26日向中國銀行認購的金額為 人民幣70.0百 萬 元 的 理 財 產 品（「20240926中國銀行認購事項」）、(ii)於 2024年11月15日向中國銀行認購的金額為人民幣50.0百萬元的理財產 品（「20241115中國銀行認購事項」）、(iii)於2024年12月9日向中國銀行認 購的金額為人民幣90.0百 萬 元 的 理 財 產 品（「20241209中國銀行認購事 項」，與20240926中國銀行認購事項 及20241115中國銀行認購事項 統 稱「已 披露中國銀行認購事項」）及(iv)於2025年1月20日向中國銀行認購的金 額為人民幣30.0百 萬 元 的 理 財 產 品（「20250120中國銀行認購事項」）仍 尚 未 結 付（本 次 中 國 銀 行 認 購 事 項 及20250120中 國 銀 行 認 購 事 項 統 稱「滾 動合計須 ...

Summary of Beisen Holdings Conference Call Company Overview - Beisen Holdings is the first and only provider of integrated cloud applications in the HCM (Human Capital Management) sector, holding a market share of 15% and focusing on medium to large enterprises. It is expected to exceed 5,800 clients by FY2025, with over 70% being Fortune 500 companies, indicating high customer stickiness [2][4][9]. Financial Performance - For the period from April to September 2024, Beisen reported revenues of 440 million RMB, a year-on-year increase of 9%. The full-year revenue for FY2025 is projected to be between 923 million and 950 million RMB, achieving double-digit growth. The adjusted gross margin for the first half was 66%, with an expected range of 66%-67% for the full year. The adjusted net loss is anticipated to be between -5% and -7%, with a subscription revenue retention rate of 108% [2][7][36]. AI Integration and Product Development - Beisen has fully integrated AI technology, forming seven AI scenarios and serving over 150 AI product users, with an annual recurring revenue (ARR) of approximately 3 to 4 million RMB. This is expected to reach several million by the end of March 2025. AI products enhance customer unit price and strengthen product competitiveness [2][10][14]. E-Learning Market Position - Following the acquisition of Ku Academy, Beisen has risen to the second position in the e-learning sector, with Ku Academy expected to contribute around 80 million RMB in revenue. The integration aims to optimize cost structures, with expectations of positive cash flow and double-digit revenue growth in FY2025, while controlling losses between -5% and -7% [2][8][12]. HCM Product Performance - The integrated HCM module has shown significant growth, with an ARR increase of 28% year-on-year as of September 2024, and a retention rate of 114% in terms of revenue. The performance cloud grew by 17% in the first half of the year, and the learning module is expected to reach an ARR of 30 million RMB by the end of March [3][11]. Competitive Advantages - Beisen holds a 15% market share in the HCM sector, significantly ahead of competitors like Gongxin and Dongsen, which hold 6% and 3% respectively. The company offers comprehensive HR products and modules that are difficult for competitors to replicate, supported by a unique PaaS platform that allows for rapid customization to meet the needs of medium to large clients [4][13][6]. Future Growth and Strategy - Beisen anticipates an ARPU (Average Revenue Per User) of several million RMB by FY2025, with revenue expected to reach 30 to 40 million RMB by FY2026. The company plans to deepen AI applications, enhance product forms, expand its customer base, and optimize cost structures for higher efficiency and growth [5][28][29]. M&A Strategy - The acquisition of Ku Academy and Yunxuetang has positioned Beisen as a strong player in the e-learning market. The company aims to increase its market share from 15% to 22% over the next three years through organic growth and strategic acquisitions [12][44]. Customer Base and Retention - Beisen primarily serves medium to large enterprises, with over 5,800 clients expected by March 2025. The company has a high retention rate, with a renewal rate of 94%-95% for its core HR products [9][34]. AI Product Effectiveness - The AI interviewer significantly enhances recruitment efficiency by replacing traditional interview steps, reducing the time taken from 60 minutes to just 1 minute per interview. The cost per initial interview is reduced from approximately 200 RMB to around 25 RMB, demonstrating substantial cost savings [18][19]. Conclusion - Beisen Holdings is well-positioned for future growth with its innovative AI applications, strong market presence in HCM, and strategic acquisitions. The company is focused on maintaining its competitive edge while expanding its customer base and optimizing its financial performance [36][37][38].

Summary of the Conference Call for 北森控股 Company Overview - 北森控股 is the largest cloud-based human resource solutions provider in China, holding a market share of 15% according to IDC reports. The company offers an integrated cloud application platform covering all HR modules from onboarding to payroll calculation, personnel management, performance evaluation, and online learning [3][5]. Financial Performance - For the fiscal year 2024, 北森控股 reported total revenue of 440 million RMB, with expectations to reach 920 million RMB in fiscal year 2025, representing a year-on-year growth of approximately 10%. The recurring revenue from core products accounts for 77.6% of total revenue [5][6]. Customer Base and Growth - The number of customers has steadily increased, reaching 5,623 by the end of September 2024, with 70% being Fortune 500 companies in China. Following the acquisition of 酷学院, overall revenue is expected to grow by over 10%, positioning 北森 as the second-largest supplier in the learning cloud product module market [3][6]. Business Module Development - The core human resource module's annual recurring revenue (ARR) grew by 28%, with a net retention rate of 114% and a customer retention rate of 95%. The learning module, post-acquisition, aims to become the market leader within three years [7][8]. Competitive Landscape - In the context of software localization trends, 北森 has been replacing parts of SAP SCM scenarios, maintaining steady growth. The company has improved its net revenue retention rate to approximately 108% by enhancing existing customer spending and developing new features [8][9]. PaaS Platform Utilization - 北森's PaaS platform is highly configurable and flexible, allowing customers to develop required functionalities independently. Approximately 100 customers are currently utilizing the platform for self-development, which enhances product revenue share and customer acquisition efficiency [11][12]. AI Applications and Innovations - The company has developed seven HR Family scenarios, including AI recruitment assistants and AI interviewers, which significantly improve internal management efficiency and reduce labor costs. The AI interviewers have been adopted by 136 clients, generating a total contract value close to 4 million RMB [3][13][25]. Market Potential for AI Interviewers - The AI interviewers have shown remarkable market performance, with expectations of reaching millions in ARR by fiscal year 2025. The technology has improved recruitment efficiency by 60 times and reduced costs to less than one-tenth of traditional methods [24][32]. Investment Highlights - Key investment highlights for 北森 include: - Stable revenue growth even in adverse economic conditions - Strategic acquisitions to solidify market leadership - Rapid growth in core HRMS business, with ARR exceeding 50% - Positive financial indicators, including improving gross margins and cash flow - Advanced positioning in AI, particularly with the AI interviewer product - Attractive valuation, with projected PS levels around three times by 2025 and significant cash reserves [34][35]. Conclusion - 北森控股 demonstrates strong growth potential and competitive advantages in the cloud-based HR solutions market, driven by innovative AI applications and strategic business developments. The company's financial stability and market positioning make it a compelling investment opportunity.

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 就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） （股份代號：9669） Beisen Holding Limited 有關須予披露交易及股份交易的補充公告 | 可資比較公司 | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | （股 | 份 | 代 | 碼） | 市 | 值 | 企業價值 | 收 | 入 | 淨收益 | 淨資產 | | 人民幣百萬元 | | | | | | | | | | | | 雲學堂集團控股有限公司 | | | | | | | | | | | | （納 斯 達 克 全 球 市 場 | | | | | | | | | | | | 股 份 代 碼：YXT） | 1,035 | 872 | 337 | 5 | ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 北森控股有限公司 呈交日期： 2025年2月4日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 09669 | 說明 | 股份 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | 事件 | | 已發行股份（不包括庫存股份）數 目 | | 佔有關 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 北森控股有限公司 呈交日期： 2025年1月24日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 09669 | 說明 | 股份 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | 事件 | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | 已發行股份總數 | | | | 已發行股份（不包括庫存股份）數 ...

如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | | 09669 | 說明 | 股份 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | 事件 | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | 每股發行/出售價 (註4) | 已發行股份總數 | | | | | 已發行股份（不包括庫存股份）數 目 | | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存股份數目 | | | | 於下列日期開始時的結存( ...

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 就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） （股份代號：9669） Beisen Holding Limited 根 據 股份獎勵計劃 授出受限制股份單位 根據上市規則第17.06A、17.06B及17.06C條，董 事 會 謹 此 宣 佈，於2025年1 月16日，本 公 司 根 據 股 份 獎 勵 計 劃 向8名承授人授出總計862,500份受限 制 股 份 單 位，總 計862,500股 股 份，惟 須 待 承 授 人 接 納 方 可 作 實。受 限 制 股份單位授予乃根據符合上市規則第17章 的 股 份 計 劃 進 行。 上 述 授 予 摘 要 載 列 如 下： – 1 – 授 予 日 期： 2025年1月16日 承 授 人 數 目： 8名（均 為 僱 員 參 與 者） 授 出受限制股份單 位 總數目： 862,500份受限制股份單位 受 ...

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 就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。 本公告僅供參考，並不構成任何收購、購買或認購任何證券的邀請或要約。 （於開曼群島註冊成立的有限公司） （股份代號：9669） Beisen Holding Limited (1)收購目標公司股權之須予披露交易 及 (2)涉及根據一般授權發行代價股份之股份交易 換股完成後，收 購 事 項 項 下 之 現 金 代 價 將 等 同 於 人 民 幣52,416,095元（假 設淨現金代價不作調整）及代價股 份。 收購事項 董 事 會 宣 佈，於2025年1月14日（交易時段後），境 內 控 股 公 司 與 賣 方 訂 立 境 內 股 權 轉 讓 協 議，據 此，境 內 控 股 公 司 已 有 條 件 同 意 購 買 而 賣 方 已 有 條 件 同 意 出 售 目 標 公 司 全 部 股 權，現 金 代 價 總 額 為 人 民 幣 180,000 ...