证券日报网讯 9月5日晚间，北京人力发布公告称，公司计划于2025年9月15日（星期一）15：00-16： 30举行2025年半年度业绩说明会。 （文章来源：证券日报） ...

证券代码：600861 证券简称：北京人力 公告编号：临 2025-029 号 北京国际人力资本集团股份有限公司 本次投资者说明会以视频直播结合网络互动的形式召开，公司将针对 2025 年半年度经营成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息 披露允许的范围内就投资者普遍关注的问题进行回答。 关于召开 2025 年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ??会议召开时间：2025 年 9 月 15 日(星期一)15:00-16:30 ? 会议召开地点：上海证券交易所上证路演中心 （网址：https://roadshow.sseinfo.com/） ? 会议召开方式：上证路演中心视频直播和网络互动 ??投资者可于 2025 年 9 月 8 日(星期一)至 9 月 12 日(星期五)16:00 前登录上 证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 fesco.ir@fesco.com.cn 进行提问。公司将在说明会上对投资者普遍关注的问题 进行回答。 北京国 ...

关于召开 2025 年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 证券代码：600861 证券简称：北京人力 公告编号：临 2025-029 号 北京国际人力资本集团股份有限公司 投资者可于 2025 年 9 月 8 日(星期一)至 9 月 12 日(星期五)16:00 前登录上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 fesco.ir@fesco.com.cn 进行提问。公司将在说明会上对投资者普遍关注的问题 进行回答。 北京国际人力资本集团股份有限公司（以下简称"公司"）已于 2025 年 8 月 28 日发布公司《2025 年半年度报告》，为便于广大投资者更全面深入地了解 公司 2025 年半年度经营成果、财务状况，公司计划于 2025 年 9 月 15 日（星期 一）15:00-16:30 举行 2025 年半年度业绩说明会，就投资者关心的问题进行交 流。 一、 说明会类型 （网址：http://roadsh ...

Group 1: Strategy Overview - The core strategy is a continuation of the bull market, focusing on core technology assets as A-shares strengthen under the leadership of these assets [2][3] - The market outlook remains positive due to economic recovery expectations, continuous capital inflow, and policy benefits, with a mid-term slow bull logic still intact [3] - Short-term market may face technical adjustment pressure due to crowded trading in some popular sectors, but a new round of valuation-driven market space is expected to open up starting in Q3 [3] Group 2: September Stock Picks - The September stock picks include: Beijing-Shanghai High-Speed Railway (Transportation), Tongkun Co., Ltd. (Chemicals), Yake Technology (Chemicals), CATL (Electricity), Heng Rui Medicine (Pharmaceuticals), Sanyou Medical (Pharmaceuticals), Beijing Renli (Social Services), Feiliwa (Electronics), Zhaoyi Innovation (Electronics), and Pengding Holdings (Electronics) [8][10] Group 3: Industry Insights Transportation Industry: Beijing-Shanghai High-Speed Railway - The company is a landmark project in China's high-speed rail, with expected net profit exceeding 12.7 billion yuan in 2024 [10] - The business model relies on entrusted transportation management, with revenue primarily from passenger transport and network service income [10] - Key factors supporting growth include a favorable pricing mechanism, strong travel demand along the route, network effects from an expanding high-speed rail network, and technological advancements in train efficiency [11] Chemical Industry: Tongkun Co., Ltd. - The company achieved significant sales growth in polyester filament, with a total sales volume of 9.4587 million tons in the first three quarters of 2024, a year-on-year increase of 29.60% [12] - Despite a decline in selling prices due to fluctuating oil prices and weak downstream demand, the company expects profitability to improve with demand recovery [12] Chemical Industry: Yake Technology - The company reported steady growth, with a gross margin of 31.59% in 2024 [14] - The electronic materials segment is expanding, with significant revenue growth in precursor materials and photoresists [15] Electric Industry: CATL - The company achieved a net profit of 50.745 billion yuan in 2024, a year-on-year increase of 15.01% [17] - CATL maintains a leading position in the global battery market, with a 37.9% market share in power batteries and 36.5% in energy storage [18] Pharmaceutical Industry: Heng Rui Medicine - The company reported a 12.53% year-on-year increase in revenue for Q2 2024, with innovative drugs accounting for over 60% of total revenue [20] - Multiple new products were launched in the first half of 2024, contributing to growth [21] Pharmaceutical Industry: Sanyou Medical - The company faced pressure from centralized procurement but is innovating therapies to enhance market share [24] - The acquisition of Waterwood Tianpeng is expected to strengthen the product matrix and enhance competitiveness [25] Social Services Industry: Beijing Renli - The company has a broad service coverage and a strong client base, with growth potential in flexible employment and outsourcing [27] - Digitalization and AI applications are expected to enhance operational efficiency and revenue growth [28] Electronics Industry: Feiliwa - The company reported a revenue of 908 million yuan in H1 2025, with a gross margin of 49.2% [29] - New business lines are beginning to contribute to performance, particularly in semiconductor and aerospace sectors [30] Electronics Industry: Zhaoyi Innovation - The company achieved a revenue of 7.356 billion yuan in 2024, with a significant increase in net profit [32] - The company is actively expanding its market share in various sectors, including storage and MCU products [33] Electronics Industry: Pengding Holdings - The company reported a revenue of 16.375 billion yuan in H1 2025, with a net profit increase of 57.22% [35] - The company is capitalizing on market opportunities across various product lines, including communication and consumer electronics [36]

免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 每日经济新闻 每经AI快讯，太平洋8月31日发布研报称，给予北京人力（600861.SH，最新价：20.72元）买入评级。 评级理由主要包括：1）外包业务是公司的业务主线，也是业绩增长的核心驱动力；2）利润结构受"非 经常性损益"影响；3）业务结构变化影响毛利率下行；4）期间费用率持续优化，降本增效成果显著； 5）加大客户开发力度，深化拓展重点行业客户；6）集约化运营提升人事管理效率。风险提示：存在宏 观市场环境变化，企业招聘需求减少风险；存在大客户流失或订单大幅减少的风险；存在技术研发进展 缓慢，数字化建设不达预期风险。 每经头条（nbdtoutiao）——英伟达股价连续跳水，1.28万亿元市值蒸发！投资者：都认为你能考100 分，但你只考了98！2亿美元"业绩缺口"，为何引发恐慌？ （记者 胡玲） ...

Core Insights - The company reported a revenue of 22.691 billion yuan for 2025, a year-on-year increase of 3.77%, and a net profit attributable to shareholders of 813 million yuan, up 87.43% year-on-year [1] - The company's outsourcing business is the main revenue driver, accounting for 83.63% of total revenue in H1 2025, with a revenue of 18.976 billion yuan, growing by 4.69% [2] - Non-recurring gains significantly impacted net profit growth, including a 358 million yuan investment gain from the sale of a subsidiary and 518 million yuan in government subsidies [3] Revenue and Profit Analysis - In Q2 2025, the company achieved a revenue of 11.854 billion yuan, a year-on-year increase of 4.75%, but a slight decline in net profit by 0.35% to 222 million yuan [1] - The company's core business profitability improved in Q2, with a non-recurring net profit increase of 66.5%, indicating effective cost control and expense management [3] Cost Management and Efficiency - The company has optimized its expense ratios, with significant reductions in sales expense ratio (1.06%, down 0.15 percentage points), management expense ratio (1.81%, down 0.22 percentage points), and R&D expense ratio (0.05%, down 0.03 percentage points) [4] - The company is focusing on developing key industry clients in sectors such as automotive, energy, and biomedicine, enhancing the value of its outsourcing services [4] Future Projections - The company is expected to achieve net profits of 1.136 billion yuan, 1.078 billion yuan, and 1.171 billion yuan for 2025-2027, with year-on-year growth rates of 43.56%, -5.11%, and 8.63% respectively [5] - Projected EPS for 2025-2027 is 2.01 yuan, 1.90 yuan, and 2.07 yuan per share, with corresponding PE ratios of 10X, 11X, and 10X [5]

Group 1 - The company achieved a revenue of 22.69 billion yuan in H1 2025, representing a growth of 3.8%, and a net profit attributable to shareholders of 813 million yuan, up by 87.4% [1] - In Q2 2025, the company reported a revenue of 11.85 billion yuan, an increase of 4.8%, and a net profit attributable to shareholders of 220 million yuan, down by 0.4% [1] - The core subsidiary, FESCO, generated a revenue of 22.69 billion yuan in H1 2025, with a net profit of 560 million yuan, reflecting a growth of 28.6% [1] Group 2 - The business outsourcing segment served as a growth stabilizer, with revenue of 19 billion yuan in H1 2025, up by 4.7%, and a gross margin of 2.9% [2] - The payroll and personnel services segment saw a revenue of 570 million yuan, increasing by 5.1%, while the human resource management segment reported a revenue of 490 million yuan, up by 4.2% [2] - The overall gross margin for H1 2025 was 5.3%, a decrease of 0.3 percentage points, attributed to the higher proportion of low-margin businesses [2] Group 3 - The implementation of new social security regulations is expected to enhance the compliance-driven business development for leading personnel service companies [3] - The Supreme People's Court clarified the legal obligations regarding social insurance payments, which may lead to increased outsourcing and flexible employment penetration rates [3]

Core Viewpoint - Beijing International Human Capital Group Co., Ltd. reported a revenue of 22.691 billion yuan for the first half of 2025, reflecting a year-on-year growth of 3.77% and a net profit attributable to shareholders of 813 million yuan, which is an impressive increase of 87.43% [1] Financial Performance - The company achieved a net profit of 296 million yuan after deducting non-recurring gains and losses, marking a year-on-year increase of 6.89% [1] - The revenue growth indicates a stable performance despite the competitive landscape in the human capital industry [1] Business Strategy - The company intensified client development efforts, with subsidiaries deepening client expansion in key industry sectors [1] - There is a focus on building digital and professional recruitment capabilities to ensure a stable and efficient talent supply chain for core business operations [1] - The company is committed to professional outsourcing services as its main business line, aiming to establish competitive barriers [1] Operational Efficiency - The company is actively promoting the centralized operation transformation of human resource management and supporting services through strategic business integration and process reengineering [1] - This approach is designed to fully activate the value of internal resource collaboration and build advantages in scale management, maximizing operational efficiency [1] Global Expansion - The company is accelerating its global strategic layout and continuously expanding its international business footprint [1] - There is a strong emphasis on resource integration to promote diversified development in areas such as government services, recruitment, flexible employment, health benefits, and training consulting [1]

证券之星消息，近日北京人力披露，截至2025年6月30日公司股东户数为1.53万户，较3月31日增加 1757.0户，增幅为13.0%。户均持股数量由上期的4.19万股减少至3.71万股，户均持股市值为71.55万 元。 在专业服务行业个股中，北京人力股东户数低于行业平均水平，截至6月30日，专业服务行业平均股东 户数为2.23万户。户均持股市值方面，专业服务行业A股上市公司户均持股市值为28.58万元，北京人力 高于行业平均水平。 从股价来看，2025年3月31日至2025年6月30日，北京人力区间跌幅为6.73%，在此期间股东户数增加 1757.0户，增幅为13.0%。 | | | 统计截止日 区间股价涨跌幅 股东户数 增减 增减比例 户均持股市值（元） | | | 户均持股数(股) | | --- | --- | --- | --- | --- | --- | | 2025-06-30 | -6.73% | 15271 1757 | 13.00% | 71.55万 | 3.71万 | | 2025-03-31 | 10.90% | 13514 -615 | -4.35% | 89.90万 | 4.19万 ...

Core Viewpoint - The company has announced the addition of new implementation entities for its fundraising investment projects to enhance efficiency and align with its strategic goals [6][9][10]. Group 1: Fundraising Overview - The company raised a total of RMB 1,596,696,897.60 through the issuance of 95,041,482 shares at a price of RMB 16.80 per share, with a net amount of RMB 1,581,962,589.68 after deducting issuance costs [4][30]. - As of April 25, 2023, all raised funds have been received and verified by an accounting firm [4][30]. - The company has established a special account for managing the raised funds, ensuring compliance with regulations and protecting investor interests [5][31]. Group 2: Fund Usage and Management - As of June 30, 2025, the company has utilized RMB 790,848,448.80 of the raised funds, with a remaining balance of RMB 818,115,307.55 in the special account [30][31]. - The company has not engaged in any pre-investment fund replacement or temporary use of idle funds for working capital during the reporting period [33][34]. - The company has implemented cash management strategies for idle funds, allowing for investment in short-term, high-security products [36][37]. Group 3: Changes in Implementation Entities - The company has decided to add Beijing International Human Capital Group Co., Ltd. and Beijing Foreign Enterprise Digital Technology Co., Ltd. as new implementation entities for its fundraising projects [6][9][10]. - This decision aims to optimize internal resource allocation without changing the purpose or scale of the fundraising projects [9][10]. - The board of directors has authorized management to handle the establishment of a special account for the new implementation entity and ensure timely disclosure of relevant information [9][10][16]. Group 4: Board and Supervisory Meetings - The board of directors and the supervisory board have both approved the addition of new implementation entities and the related fundraising management measures [11][18][25]. - The meetings were conducted in accordance with legal and regulatory requirements, ensuring transparency and compliance [11][18][25]. Group 5: Financial Advisor's Opinion - The independent financial advisor has confirmed that the addition of new implementation entities complies with relevant regulations and does not harm the interests of the company or its shareholders [9][10][26].