禾蛙平台经营指标全线跃升，看好AI 技术在人力资源行业的商业化前景25H1 禾蛙平台 AI 应用深化与 规模效应凸显，驱动业务指标全线跃升，运营岗位突破 3.7 万个，人选推荐量超20 万人次 ，环比 2024 年下半年提升 180%。2025 年 7 月，禾蛙推出覆盖招聘全链路的 9 大智能体，打造招聘行业的智能体聚 合平台，助力业务全场景提效。纵向的顾问赋能智能体，包括禾风情报站、BD 宝典、言犀语记、做单 秘籍、报告专家、岗人匹配，为顾问解决从市场情报获取分析、客户 BD、人才寻访、事务性工作的全 链路赋能。横向的合作交易智能体则面向禾蛙招聘合作做单平台的流程提效展开，通过 AI 发单、AI澄 清、AI 筛选三个智能体相互协调智能联合，形成了交易数字人代理发单顾问处理平台绝大部分工作， 实现发单与接单顾问的双向赋能。 25H1 禾蛙生态新增注册合作伙伴 1,500 余家，同比增长 35%；新增注册交付顾问 22,900 余人，同比增 长111%；活跃参与合作伙伴 9,400 余人，同比增长 119%；参与交付顾问 6,500 余人，同比增长 128%； 运营招聘中高端岗位37,800 余个，同比增长 1 ...

Core Insights - The company reported a revenue of 7.07 billion yuan for the first half of 2025, representing a year-on-year increase of 27.7%, and a net profit attributable to shareholders of 130 million yuan, up 47.0% [1] - The growth in flexible employment income and personnel is notable, with flexible employment revenue reaching 6.74 billion yuan in the first half of 2025, a 29.3% increase [2][3] - The company has seen a significant recovery in its Hong Kong and overseas business, with revenue from these regions growing by 5.1% to 1.22 billion yuan [2] Revenue and Profit Growth - In Q2 2025, the company experienced a year-on-year revenue growth rate of 30%, with net profit growth at 51% [2] - The revenue growth rates for the upcoming quarters are projected at 23% for Q3 2024, 25% for Q4 2024, 25% for Q1 2025, and 30% for Q2 2025 [2] Flexible Employment and Outsourcing - The number of flexible employment positions and experts has increased to over 49,500, a growth of approximately 28% compared to the end of 2024 [2] - Revenue from recruitment process outsourcing has shown a significant increase of 26.8% to 4.51 million yuan in the first half of 2025 [2] Profit Margins and Cost Management - The overall gross margin decreased by 1.2 percentage points to 5.5%, primarily due to a decline in the gross margin of flexible employment services [3] - The company has successfully reduced its expense ratios across various categories, including sales, management, and R&D [3] Technological Advancements - The company has been developing industry-level models based on large-scale computing since 2023, with several models released in the first half of 2025 [3] - The introduction of AI applications on the He Wa platform has enhanced operational efficiency, with over 1,500 new registered partners and a significant increase in delivery consultants [4] Investment Outlook - The company maintains a positive outlook with projected net profits of 289 million yuan, 358 million yuan, and 420 million yuan for 2025 to 2027, respectively [5] - The current stock price corresponds to a price-to-earnings ratio of 22x, 18x, and 15x for the respective years, supporting a "buy" rating [5]

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook based on its performance and growth potential [5]. Core Insights - The company achieved a revenue of 7.07 billion yuan in H1 2025, representing a year-on-year increase of 27.7%, and a net profit attributable to shareholders of 130 million yuan, up 47.0% [2]. - The flexible employment segment saw significant growth, with revenue reaching 6.74 billion yuan, a 29.3% increase year-on-year, and the number of registered flexible workers exceeding 49,500, up approximately 28% [2]. - The recruitment process outsourcing segment also showed notable improvement, with revenue from mid-to-high-end talent search at 200 million yuan, a decrease of 1.2%, while recruitment process outsourcing revenue increased by 26.8% to 45.1 million yuan [2]. - Revenue from mainland China grew significantly, reaching 5.86 billion yuan, a 33.6% increase, while Hong Kong and overseas revenue also turned positive, with a 5.1% increase to 1.22 billion yuan [2]. - The overall gross margin decreased by 1.2 percentage points to 5.5%, primarily due to a decline in the gross margin of flexible employment services [2]. - The company has been actively developing AI applications, launching nine intelligent agents in July 2025 to enhance recruitment processes and improve efficiency [2][3]. Financial Summary - The company forecasts total revenue of 14.37 billion yuan for 2025, with a year-on-year growth rate of 21.9% [4]. - The net profit attributable to shareholders is projected to be 289 million yuan in 2025, reflecting a growth rate of 40.9% [4]. - The gross margin is expected to stabilize at around 6.5% from 2025 to 2027 [4]. - The price-to-earnings ratio (P/E) is projected to decrease from 22x in 2025 to 15x by 2027, indicating a potentially attractive valuation [5].

Group 1 - The company, Core International, reported a revenue of approximately 7.075 billion yuan for the first half of 2025, representing a year-on-year increase of 27.67% [1] - The net profit attributable to shareholders of the listed company was approximately 127 million yuan, showing a year-on-year increase of 46.96% [1] - The basic earnings per share were 0.6428 yuan, which also reflects a year-on-year increase of 46.96% [1]

科锐国际(300662.SZ)发布2025年半年度报告，该公司营业收入为70.75亿元，同比增长27.67%。归属于 上市公司股东的净利润为1.27亿元，同比增长46.96%。归属于上市公司股东的扣除非经常性损益的净利 润为9642.78万元，同比增长50.08%。基本每股收益为0.6428元。 ...

Core Insights - The company reported significant growth in both revenue and net profit for the first half of 2025, with total revenue reaching 7.075 billion yuan, a year-on-year increase of 27.67%, and net profit attributable to shareholders rising by 46.96% to 127 million yuan [1] - The demand for high-end and specialized talent is evolving due to breakthroughs in cutting-edge technology sectors such as artificial intelligence, new energy, and biomedicine, which the company is capitalizing on [1][2] - The company is focusing on independent consulting and part-time expert services as a core strategy to address the dual challenges of transformation and rising operational costs faced by Chinese enterprises [2] Financial Performance - The company's revenue from mainland China reached 5.860 billion yuan, reflecting a growth of 33.62%, with flexible employment business revenue increasing by 29.31% [1] - The total technical investment for the first half of the year was 65 million yuan, with approximately 35.91% allocated to internal information technology and 64.09% to digital product development [2] Business Development - The new technology business revenue grew by 48.23% year-on-year, with the addition of over 1,500 registered partners and 22,900 new delivery consultants [3] - The company is expanding its global footprint by opening new offices in Japan and the Middle East, while its Hong Kong and overseas business saw a revenue increase of 5.10% to 1.215 billion yuan [3] Strategic Focus - The company aims to enhance its expert service solutions by integrating recruitment, management, and consulting, leveraging its independent consulting business to meet urgent talent needs [2] - With the ongoing penetration of AI technology, the company plans to achieve more efficient matching and precise empowerment across the entire human resources recruitment and management chain [3]

Core Insights - The company, Core International (科锐国际), reported a significant increase in revenue and net profit for the first half of 2025, indicating strong financial performance [1] Financial Performance - The company achieved an operating revenue of 7.075 billion yuan, representing a year-on-year growth of 27.67% [1] - The net profit for the first half of 2025 was 127 million yuan, showing a year-on-year increase of 46.96% [1] - Basic earnings per share (EPS) were reported at 0.6428 yuan [1] - The weighted average return on equity (ROE) was 6.21% [1]

2025 半年度非经营性资金占用及其他关联资金往来情况汇总表 | 非经营性资金 | 资金占用方名称 | 占用方与上市公 | 上市公司核算 | 2025 年期初 | 2025 年半年度往来 | 2025 年半年度偿还 | 2025 年期中 | 占用形成 | 占用性质 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 占用 | | 司的关联关系 | 的会计科目 | 往来资金余额 | 累计发生金额 | 累计发生金额 | 往来资金余额 | 原因 | | | 总计 | —— | —— | —— | - | - | - | - | —— | —— | | 其它关联资金 | 资金往来方名称 | 往来方与上市公 | 上市公司核算 | 2025 年期初 | 2025 年半年度往来 | 2025 年半年度偿还 | 2025 年期中 | 往来形成 | 往来性质 | | 往来 | | 司的关联关系 | 的会计科目 | 往来资金余额 | 累计发生金额 | 累计发生金额 | 往来资金余额 | 原因 | | | | 科锐国际人力资源亚太(香港)有限公司 | ...

证券代码：300662 证券简称：科锐国际 公告编号：2025-044 北京科锐国际人力资源股份有限公司 关于修订公司章程及办理工商变更登记的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 北京科锐国际人力资源股份有限公司（以下简称"公司"）于 2025 年 8 月 26 日召开了第四届董事会第十次会议，审议通过《关于修订公司章程及办理工 商变更登记的议案》，此议案尚需提交公司股东会审议。 此次修订《公司章程》的主要原因如下： 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》《上市公司章程指引》《上市公司独立董事管理办法》等法律、法规及规 范性文件的规定，为进一步提升公司治理效能，提高公司规范化运作水平，公司 拟取消监事会。监事会取消后，其职权由董事会审计委员会行使。鉴于上述取消 监事会的实际情况，根据《公司法》《上市公司章程指引》《上市公司独立董事管 理办法》《深圳证券交易所创业板股票上市规则》《深圳证券交易所上市公司自律 监管指引第 2 号——创业板上市公司规范运作》等法律法规及规范性文件的相关 规定，结合公司实际情况 ...

关于增加预计与关联方日常关联交易的公告 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。 证券代码：300662 证券简称：科锐国际 公告编号：2025-045 北京科锐国际人力资源股份有限公司 北京科锐国际人力资源股份有限公司（以下简称"公司"或"本公司"）于 2025 年 8 月 26 日召开第四届董事会第十次会议及第四届监事会第十次会议，审 议通过《关于预计预计与关联方日常关联交易的议案》，第四届独立董事专门委 员会 2025 年第三次会议全体独立董事已审议通过该议案。根据《深圳证券交易 所创业板股票上市规则》等相关法规及《公司章程》等有关规定，上述事项尚需 提交公司 2025 年第一次临时股东会审议。现将具体情况公告如下： 一、日常关联交易基本情况 （一）已预计日常关联交易概述 2025 年 6 月 13 日，公司召开第四届董事会第九次会议、第四届监事会第九 次会议，审议通过《关于预计与关联方日常关联交易的议案》。预计公司及子公 司与关联方天津智锐人力资源有限公司（以下简称"天津智锐"）拟发生销售类 日常关联交易金额合计不超过 300 万元，主要为公司及 ...