Group 1 - The core viewpoint of the article highlights that the company, Keri International, is leveraging a "technology + platform + service" business model to enhance its digital and offline service capabilities, aligning with national employment stabilization policies [2] Group 2 - The company is actively collaborating with industry partners to strengthen its service offerings and support the development of a high-quality employment service system [2]

Core Viewpoint - The company is actively responding to national employment stabilization policies by enhancing its digital and offline service capabilities through a "technology + platform + service" business model [1] Group 1 - The Ministry of Human Resources and Social Security is promoting the establishment of "employment service stations" in pilot areas, emphasizing a "big data + foot service" model [1] - The company is collaborating with industry partners to strengthen its digitalization efforts and offline service integration [1] - The company aims to support the construction of a high-quality employment service system in response to national policies [1]

Group 1 - The core challenge for companies in the AI era is not just technology but the alignment of talent strategy with business strategy [3][8] - AI job demand has doubled year-on-year, with only 20% of the required talent being suitable for the roles [2][8] - Companies need to shift from "buying talent" to "creating talent" by focusing on internal training and development [3][10] Group 2 - A successful case was shared where a traditional manufacturing company built a complete talent system by identifying internal potential and providing targeted training [3][10] - AI-native companies may struggle to attract talent if their organizational structure is not well-defined, highlighting the importance of matching talent with company needs [3][12] - The younger generation of AI entrepreneurs values practical skills and hands-on experience over traditional qualifications [4][14] Group 3 - Companies must create an agile talent ecosystem that combines full-time employees, outsourced consultants, and digital workers [15] - The importance of aligning talent with strategic goals is emphasized, as many CEOs are dissatisfied with the pace of AI implementation [13][14] - The future of talent acquisition will require a dynamic approach, continuously tracking and adapting to the needs of the organization [14][15]

Core Insights - The report indicates a divergence in performance within the social services sector, with leading companies outperforming their peers [5][7] - The overall revenue for the service consumption sector increased by 1.4% year-on-year in 1H2025, reaching 134% of 2019 levels, while profits declined by 11.5%, recovering to 79% of 2019 levels [12][15] - Key segments such as K12 education, human resources, and scenic areas showed both revenue and profit growth, while hotels, restaurants, tourism retail, and higher education faced challenges [12][13] Social Services Overview - In 1H2025, K12 training and human resources sectors saw revenue growth of 14.4% and 10.7%, respectively, with net profits increasing by 39.5% and 49.8% [12][15] - Scenic areas also reported growth, with revenues up by 3.9% and net profits by 2.4% [15] - Conversely, the hotel sector experienced a revenue decline of 4.5% and a significant profit drop of 40.6% [13][15] Travel Services - The hotel industry remains under pressure, with leading hotels like Huazhu Group and Shoulv Hotel showing resilience despite a decline in RevPAR [16][19] - In 1H2025, leading hotels continued to expand, with Huazhu adding 990 new hotels [16][18] - OTA companies benefited from overall travel demand, with significant growth in overseas business [7][24] Scenic Areas and OTA - Domestic tourism numbers surpassed pre-pandemic levels, with a 20.6% increase in travel volume in 1H2025 [24] - Scenic area performance varied, with Xiangyuan Cultural Tourism and Jiuhua Tourism showing strong growth, while Changbai Mountain faced challenges due to weather [29] - The average ticket price for domestic travel has not fully recovered, remaining at 95% of 2019 levels [24] Professional Services - The human resources sector is experiencing a mild recovery, with companies like Keri International and BOSS Zhipin performing well [7][16] - The education sector, particularly K12 training, continues to thrive, with a focus on AI applications enhancing efficiency [7][16] - The exhibition industry is awaiting macroeconomic improvements to boost performance [7][16] Restaurant and Tea Beverage Sector - The restaurant industry is under pressure, with same-store sales declining, while budget-friendly dining options are showing resilience [7][12] - The tea beverage sector is expanding, with leading brands like Mixue and Gu Ming performing exceptionally well [7][12]

北京国枫律师事务所 关于北京科锐国际人力资源股份有限公司 2025 年第一次临时股东会的 法律意见书 北京市东城区建国门内大街 26 号新闻大厦 7 层、8 层 电话：010-88004488/66090088 传真：010-66090016 邮编：100005 国枫律股字[2025]A0439 号 致：北京科锐国际人力资源股份有限公司（贵公司） 北京国枫律师事务所（以下简称"本所"）接受贵公司的委托，指派律师出席并见 证贵公司 2025 年第一次临时股东会（以下简称"本次会议"）。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人 民共和国证券法》（以下简称"《证券法》"）、《律师事务所从事证券法律业务管理 办法》（以下简称"《证券法律业务管理办法》"）、《律师事务所证券法律业务执业 规则（试行）》（以下简称"《证券法律业务执业规则》"）等相关法律、行政法规、 规章、规范性文件及《北京科锐国际人力资源股份有限公司章程》（以下简称"《公司 章程》"）的规定，就本次会议的召集与召开程序、召集人资格、出席会议人员资格、 会议表决程序及表决结果等事宜，出具本法律意见书。 对本法律意见书的出具 ...

证券代码：300662 证券简称：科锐国际 公告编号：2025-050 北京科锐国际人力资源股份有限公司 2025 年第一次临时股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、本次股东会未出现否决议案的情形； 2、本次股东会不涉及变更以往股东会已通过的决议； 3、本次会议采取现场会议投票与网络投票相结合的方式召开。 一、会议召开和出席情况 会议召开方式：2025 年 8 月 28 日，公司董事会以公告方式向全体股东发出 召开 2025 年第一次临时股东会的会议通知。本次会议以现场投票与网络投票相结 合的方式召开。 现场会议时间：2025 年 9 月 12 日（星期五）下午 14：30。 网络投票时间： ①深圳证券交易所（以下简称"深交所"）交易系统网络投票时间：2025 年 9 月 12 日 9:15 至 9:25，9:30 至 11:30，13:00 至 15:00。 ②深交所互联网投票系统（http://wltp.cninfo.com.cn）投票时间：2025 年 9 月 12 日 9:15 至 15:00 期间的任意时间。 ...

Core Insights - The stock price of Core International has decreased by 2.05% on September 12, trading at 30.03 CNY per share with a market capitalization of 5.91 billion CNY [1] - Year-to-date, the stock has increased by 43.68%, but has seen a decline of 0.92% over the last five trading days and 5.89% over the last twenty days [1] - The company reported a revenue of 7.075 billion CNY for the first half of 2025, reflecting a year-on-year growth of 27.67%, and a net profit of 127 million CNY, up 46.96% [2] Financial Performance - Core International's main business revenue composition includes flexible employment (95.22%), mid-to-high-end talent search (2.77%), and other services [1] - Cumulative cash dividends since the A-share listing amount to 199 million CNY, with 70.26 million CNY distributed over the last three years [3] Shareholder Information - As of August 29, the number of shareholders increased to 13,100, with an average of 15,032 circulating shares per person, a decrease of 2.80% [2] - Notable institutional shareholders include Xingquan Commercial Model Mixed Fund A, which increased its holdings by 642,600 shares, and new shareholder Guangfa Electronic Information Media Stock A [3]

Market Overview - The professional services sector experienced a decline of 0.14% on September 10, with Core International leading the drop [1] - The Shanghai Composite Index closed at 3812.22, up 0.13%, while the Shenzhen Component Index closed at 12557.68, up 0.38% [1] Stock Performance - Notable gainers in the professional services sector included: - Zero Point Data: closed at 46.51, up 4.33% with a trading volume of 24,200 shares and a turnover of 111 million yuan [1] - Blue Similar Instrument: closed at 16.24, up 2.65% with a trading volume of 53,200 shares and a turnover of 85.62 million yuan [1] - Fengshang Culture: closed at 28.63, up 1.13% with a trading volume of 31,000 shares and a turnover of 88.34 million yuan [1] - Core International saw a significant decline, closing at 29.68, down 2.62% with a trading volume of 73,700 shares and a turnover of 216 million yuan [2] Capital Flow - The professional services sector saw a net outflow of 143 million yuan from institutional investors, while retail investors experienced a net inflow of 82.84 million yuan [2] - Notable capital flows included: - Fengshang Culture: net inflow of 9.30 million yuan from institutional investors [3] - Zero Point Data: net inflow of 3.83 million yuan from institutional investors [3] - Core International: net outflow of 1.20 million yuan from retail investors [3]

Investment Rating - The investment rating for the company is "Buy" with a market price of RMB 30.31 and a sector rating of "Outperform" [1][3]. Core Insights - The company reported strong revenue and profit growth for the first half of 2025, with operating revenue reaching RMB 7.075 billion, a year-on-year increase of 27.67%, and a net profit attributable to shareholders of RMB 127 million, up 46.96% year-on-year. Both domestic and overseas businesses showed significant improvement [3][8]. - The flexible employment business is experiencing good growth, driving revenue increases, and the recruitment business is showing signs of recovery, indicating promising future growth [5][8]. Summary by Sections Financial Performance - In 2025 H1, the company achieved operating revenue of RMB 7.075 billion, a year-on-year increase of 27.67%, and a net profit of RMB 127 million, up 46.96% year-on-year. The second quarter alone saw revenue of RMB 3.772 billion, a year-on-year increase of 29.99% [3][8]. - The gross profit margin for 2025 H1 was 5.52%, down from 6.69% the previous year, influenced by market conditions and the growth of lower-margin flexible employment services [8]. Business Segments - The flexible employment segment grew by 29.31% year-on-year, with a notable increase in the proportion of technical and R&D positions, which now account for 70.79% of flexible employment roles, up 5.38 percentage points year-on-year [8]. - The recruitment business showed a year-on-year growth of 6.20%, with headhunting down by 1.18% and recruitment outsourcing up by 26.84%, reflecting a recovering market [8]. Future Projections - The company forecasts EPS for 2025-2027 to be RMB 1.42, RMB 1.65, and RMB 2.18, respectively, with corresponding P/E ratios of 21.3, 18.3, and 13.9 times [5][7]. - Revenue projections for the years 2023 to 2027 are RMB 9.778 billion, RMB 11.788 billion, RMB 14.852 billion, RMB 17.823 billion, and RMB 20.496 billion, with growth rates of 7.5%, 20.5%, 26.0%, 20.0%, and 15.0% respectively [7][8].

Group 1 - The core viewpoint of the article is that the 2025 special action for cleaning and rectifying the human resources market will raise industry entry barriers and promote the development of the industry towards professionalism and high quality [1] Group 2 - The company acknowledges the impact of the joint action by the Ministry of Human Resources and Social Security and other five departments on the industry [1] - The company expresses gratitude for investor interest in the changes in its flexible employment business [1]