Group 1 - The core point of the article is that as of December 19, 2025, the total number of shareholders for Core International is 14,734 [2]

Core Viewpoint - The professional services sector experienced a significant increase of 2.97% on January 12, with Keri International leading the gains. The Shanghai Composite Index closed at 4165.29, up 1.09%, while the Shenzhen Component Index closed at 14366.91, up 1.75% [1]. Group 1: Stock Performance - Keri International (300662) closed at 30.24, with a rise of 13.09% and a trading volume of 207,400 shares [1]. - Su Shi Testing (300416) closed at 21.42, increasing by 7.53% with a trading volume of 850,400 shares [1]. - Zero Point Data (301169) closed at 64.05, up 7.20% with a trading volume of 49,700 shares [1]. - Puni Testing (300887) closed at 15.59, rising by 7.00% with a trading volume of 985,300 shares [1]. - Fengshang Culture (300860) closed at 30.63, up 4.57% with a trading volume of 98,400 shares [1]. Group 2: Capital Flow - The professional services sector saw a net inflow of main funds amounting to 91.017 million yuan, while retail investors experienced a net outflow of 92.5137 million yuan [2]. - Main funds in Su Shi Testing (300416) had a net inflow of 21.7 million yuan, while retail funds saw a net outflow of 18.1 million yuan [3]. - Puni Testing (300887) recorded a net inflow of 28.0612 million yuan from main funds, with retail funds experiencing a net outflow of 35.9287 million yuan [3].

Summary of Key Points from Conference Call Records Industry Overview - **Industry Focus**: The conference call primarily discusses the service industry, particularly tourism, hospitality, duty-free, local lifestyle, K12 education, and human resources sectors [1][2][3][4][5][6][7][8][9][10][11][12][13][14][15]. Core Insights and Arguments - **Policy Support and Consumer Trends**: National policies are supporting domestic demand expansion, driven by aging populations and the rise of Generation Z, which is fostering experiential and personalized consumption. Key investment areas include wellness tourism and new consumption models [1][2]. - **Tourism Recovery**: The tourism and travel industry is experiencing a sustained recovery, with both domestic and outbound travel rebounding. Promotional activities by local tourism departments and OTA platforms like Meituan and Ctrip are significantly boosting the industry [3][4]. - **OTA Platforms' Role**: OTA platforms hold a crucial position in the tourism value chain, with major players like Meituan and Ctrip enhancing profitability through differentiated competition strategies, including overseas expansion and acquisitions [4][5]. - **Hotel Industry Dynamics**: The hotel sector's performance is closely tied to economic conditions. With demand differentiation and slowing supply, leading companies like Shoulv Jinjiang, Huazhu, and Atour are expected to have pricing power and growth potential [6]. - **Duty-Free Market Growth**: The duty-free industry is gaining attention, with a low base effect leading to positive data trends. The increase in high-value goods is raising average transaction values, and new policies in Hainan are expected to create growth opportunities for companies like China Duty Free, Wangfujing, and Zhuhai Duty Free [7]. - **Local Lifestyle Sector Competition**: The local lifestyle sector, particularly in dining and tea, is highly competitive. Meituan faces challenges from competitors like JD and Alibaba, but remains a key focus for investors despite market value return uncertainties [8][9]. - **K12 Education Sector Outlook**: The K12 education sector is stabilizing with market recovery, benefiting leading companies like TAL Education and New Oriental due to their strong brand, teaching quality, and expansion capabilities [11]. - **Public Service Exam Training and HR Services**: The public service exam training sector is competitive, with rising enrollment numbers. Leading companies are expected to gain market share as they leverage AI applications. In HR services, improved employment rates are driving recruitment demand, particularly in emerging industries like internet and renewable energy [13][15]. Additional Important Insights - **Investment Opportunities in Service Consumption**: The service consumption sector, particularly tourism-related industries, OTA, hotels, and duty-free businesses, presents clear investment opportunities. The local lifestyle sector is also expected to see continued competition, with specific opportunities in dining and tea [14]. - **AI Technology Impact**: AI technology is creating structural improvement opportunities in the education and HR sectors, with companies like Huatu and Kory International poised for growth due to their software application potential [15]. This summary encapsulates the key points discussed in the conference call, highlighting the current trends, challenges, and opportunities within the service industry.

Group 1 - The professional services sector increased by 0.33% on December 31, with Beijing Human Resources leading the gains [1] - The Shanghai Composite Index closed at 3968.84, up 0.09%, while the Shenzhen Component Index closed at 13525.02, down 0.58% [1] - Key stocks in the professional services sector showed varied performance, with Beijing Human Resources closing at 18.34, up 3.62%, and other notable stocks like Guolan Testing and Steel Research Nake also showing positive gains [1] Group 2 - The professional services sector experienced a net outflow of 225 million yuan from institutional investors, while retail investors saw a net inflow of 220 million yuan [2] - The trading volume and turnover for key stocks varied, with notable transactions such as Beijing Human Resources achieving a turnover of 174 million yuan [1][2] - The data indicates a mixed sentiment in the market, with institutional investors pulling back while retail investors remained active [2][3]

Core Viewpoint - The company emphasizes its commitment to steady and orderly development according to its strategic goals, while acknowledging that short-term price fluctuations in the capital market may not reflect its long-term value [1] Group 1: Company Strategy and Development - The company is focused on enhancing operational performance, optimizing corporate governance, improving information disclosure, and strengthening communication with investors to drive value realization [1] Group 2: Market Conditions and Investor Relations - The company recognizes that price volatility in the capital market is influenced by various factors, including macroeconomic conditions and market sentiment [1] - The company expresses confidence in its own value and future development despite short-term market fluctuations [1]

证券日报网讯 12月30日，科锐国际（300662）发布公告称，同意聘任曾诚女士为公司总经理（轮 值）。 ...

证券日报网讯 12月30日，科锐国际发布公告称，公司第四届董事会第十二次会议审议通过《关于聘任 公司总经理（轮值）的议案》《关于选举段立新先生为公司第四届董事会非独立董事的议案》《关于召 开2026年第一次临时股东会的议案》。 （编辑 王雪儿） ...

证券日报网讯12月30日，科锐国际（300662）发布公告称，公司将于2026年1月15日14：30召开2026年 第一次临时股东会，审议《关于选举段立新先生为公司第四届董事会非独立董事的议案》，会议采用现 场与网络投票结合方式。 ...

Core Insights - The human resources service industry is at a crossroads of value reconstruction due to technological disruption and policy changes, evolving from mere service providers to value co-creators [1][6] Group 1: Optimizing Business Structure to Enhance Profitability - Traditional human resources services face severe challenges due to policy requirements and technological upgrades, prompting leading companies to adjust their business structures towards high-margin segments. For instance, Beijing Human Resources' traditional labor dispatch business share decreased from 78% in 2019 to 45% in 2024, while high-margin outsourcing business share increased to 32%, raising overall gross margin from 12.3% to 18.6%. Additionally, flexible employment revenue is projected to grow by 217% year-on-year in 2024, with average revenue per user (ARPU) increasing to 32,000 yuan [2][7] Group 2: Deepening Multi-Industry Professionalization - Companies like Beijing Human Resources are enhancing their outsourcing capabilities across various industries by tailoring solutions to meet specific industry characteristics, establishing competitive advantages in high-value sectors such as research, healthcare, and finance. Similarly, Foreign Service Holdings provides personalized outsourcing solutions across retail, finance, data documentation, government, blue-collar and skilled talent, and IT services [2][7] Group 3: Leveraging Investments and Acquisitions to Expand Business Scope - Foreign Service Holdings has pursued external growth through acquisitions to achieve business complementarity and synergy. In 2022, it gained control of Yuanmao Shares, enhancing its service capabilities for blue-collar skilled talent. In 2023, the acquisition of Jiangmen Technology allowed entry into the IT outsourcing sector, effectively expanding its IT service product line and accelerating business development in telecommunications, energy, and aerospace industries. The company actively seeks suitable acquisition targets in areas where it has gaps or requires long-term development [3][8] Group 4: Increasing Digital Investment and Business Integration - Companies like Core International focus on building a full industry chain ecosystem centered around self-developed technology platforms and AI applications, establishing three R&D centers with nearly 400 personnel. They have developed various systems to enhance operational efficiency and created vertical recruitment platforms and industry interconnection platforms. Foreign Service Holdings implements an "Internet + human resources service" model, creating three digital transformation platforms: FSGPLUS for information integration and self-service, HRally for industry empowerment, and BBC for data linkage and centralized operations. The future of human resources services lies in precise optimization of business structures, continuous professional capability development, forward-looking ecological layout, and deep digital transformation [4][9]

Core Viewpoint - The company, Core International, reported a significant growth in revenue for the first half of the year, driven by its flexible industrial services and a strong focus on high-value technical positions [2]. Group 1: Financial Performance - The company's revenue increased by 29.31% year-on-year in the first half of the year [2]. - The structure of flexible workforce personnel has over 70% representation, indicating a strong capability in talent allocation for high-value positions [2]. Group 2: Strategic Focus - The company is emphasizing its outsourcing business in technical research positions as a key area for growth [2]. - The overall trend in the flexible workforce segment shows significant growth, reinforcing the company's competitive advantage [2].