人瑞人才(06919) - 2025 - 中期财报

Company Information Board of Directors and Committees The company's board comprises executive, non-executive, and independent non-executive directors, with committees like audit, remuneration, nomination, and investment & compliance, ensuring sound corporate governance. Mr. Zhang Jianguo serves as Chairman and CEO - Board members include executive directors Zhang Jianguo (Chairman and CEO), Zhang Feng, Zhang Jianmei; non-executive directors Chen Rui (resigned) and Wang Xinjie (appointed); and independent non-executive directors Chen Meibao, Shen Hao, Liang Mingshu[5] - Key committees (e.g., Audit, Remuneration, Nomination, Investment and Compliance Committees) are chaired by independent non-executive directors or executive directors, ensuring independence and professionalism in corporate governance[5] Company Basic Information The company's headquarters are in Chengdu High-tech Zone, Sichuan, China, with its principal place of business in Hong Kong at Des Voeux Road Central, stock code 6919, and details on registered office, share registrar, and principal bankers - Company headquarters are located at 5th Floor, Building 3, No. 688, Middle Section of Tianfu Avenue, Chengdu High-tech Zone, Sichuan Pilot Free Trade Zone, China[6] - The principal place of business in Hong Kong is 19th Floor, Golden Centre, 188 Des Voeux Road Central, Hong Kong[6] - The company's stock code is 6919[6] Financial Highlights Condensed Consolidated Statement of Profit or Loss Highlights For the six months ended June 30, 2025, revenue increased by 26.6% to RMB 2,604,674 thousand, operating profit surged by 70.9% to RMB 58,496 thousand, and profit attributable to equity holders rose by 87.9% to RMB 41,071 thousand, with adjusted profit and net profit margin also significantly improving Condensed Consolidated Statement of Profit or Loss Key Data (For the six months ended June 30) | Indicator | 2025 (RMB thousand) | 2024 (RMB thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 2,604,674 | 2,056,909 | 26.6% | | Gross Profit | 191,903 | 172,801 | 11.1% | | Operating Profit | 58,496 | 34,227 | 70.9% | | Profit for the Period | 32,553 | 20,393 | 59.6% | | Profit Attributable to Equity Holders of the Company | 41,071 | 21,853 | 87.9% | | Adjusted Profit for the Period (Non-HKFRS) | 46,156 | 34,635 | 33.3% | | Adjusted Profit Attributable to Equity Holders of the Company (Non-HKFRS) | 49,502 | 31,154 | 58.9% | | Adjusted Net Profit Margin Attributable to Equity Holders of the Company (%) | 1.9 | 1.5 | 0.4 percentage points | - The operating results of Shanghai Sirui have been re-presented as discontinued operations, with its revenue, gross profit, and operating profit not included in the consolidated statement of profit or loss for continuing operations for the current period[8] Condensed Consolidated Statement of Financial Position Highlights As of June 30, 2025, total assets were RMB 2,080,934 thousand, a decrease from the end of 2024, with total equity and total liabilities also decreasing, reflecting the impact of the disposal of Shanghai Sirui equity Condensed Consolidated Statement of Financial Position Key Data | Indicator | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | Non-current Assets | 217,464 | 402,171 | | Current Assets | 1,863,470 | 2,248,878 | | Total Assets | 2,080,934 | 2,651,049 | | Total Equity | 1,253,133 | 1,418,884 | | Non-current Liabilities | 18,266 | 30,341 | | Current Liabilities | 809,535 | 1,201,824 | | Total Liabilities | 827,801 | 1,232,165 | | Total Equity and Liabilities | 2,080,934 | 2,651,049 | - Total assets decreased from RMB 2,651,049 thousand as of December 31, 2024, to RMB 2,080,934 thousand as of June 30, 2025, primarily due to the disposal of Shanghai Sirui equity[8] Key Financial Ratios The company's revenue growth rate improved, but gross profit margin declined; adjusted net profit margin and adjusted net profit margin attributable to equity holders both improved, and the adjusted current ratio significantly increased, indicating stronger short-term solvency Key Financial Ratios (For the six months ended June 30) | Indicator | 2025 | 2024 | | :--- | :--- | :--- | | Revenue Growth | 26.6% | 20.0% | | Gross Profit Margin | 7.4% | 8.4% | | Adjusted Net Profit Margin (Non-HKFRS) | 1.8% | 1.7% | | Adjusted Net Profit Margin Attributable to Equity Holders of the Company (Non-HKFRS) | 1.9% | 1.5% | | Adjusted Current Ratio (times) | 2.3 | 1.9 | - Revenue growth rate increased from 20.0% to 26.6%, indicating accelerated business expansion[9] - Gross profit margin decreased from 8.4% to 7.4%, mainly due to market competition and clients' demand for cost reduction[9] - Adjusted current ratio improved from 1.9 times to 2.3 times, demonstrating robust short-term solvency[9] Management Discussion and Analysis Business Review and Outlook In H1 2025, the company focused on IT talent business and global expansion amidst China's steady economic growth, establishing subsidiaries in 21 countries/regions, and optimizing its business structure by divesting 46% equity in Shanghai Sirui, aiming to build an integrated "consulting + technology + flexible staffing" solution and talent ecosystem - In H1 2025, China's GDP grew by 5.3% year-on-year, and the company seized opportunities by focusing on IT talent business and advancing its global expansion strategy[11] - As of June 30, 2025, the company has established subsidiaries independently or in partnership with local business partners in 21 countries and regions globally[11] - The company completed the disposal of 46% equity in Shanghai Sirui on May 30, 2025, receiving a final consideration of RMB 320,698,200, with its operating results presented as discontinued operations[12] [Steady Development of Core Business, Maintaining High-Speed Organic Growth](index=8&type=section&id=%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E7%A8%B3%E5%81%A5%E5%8