Career International(SZ:300662) Xin Lang Cai Jing·2025-10-30 06:48Core Insights - The company reported a strong performance in Q3 2025, with a revenue of 10.755 billion yuan, a year-on-year increase of 26.29%, and a net profit attributable to shareholders of 220 million yuan, up 62.46% [1] - The flexible employment business continues to grow steadily, supported by overseas recovery and strict cost control, leading to a significant increase in non-recurring profits [2] - The HeWa platform has achieved significant operational milestones, with a record number of job offers and a strong focus on AI technology in the human resources sector [3] Financial Performance - For the first three quarters of 2025, the company achieved a revenue of 10.755 billion yuan, with a net profit of 220 million yuan and a non-recurring net profit of 157 million yuan [1] - In Q3 2025, the company reported a revenue of 3.680 billion yuan, a year-on-year increase of 23.70%, and a net profit of 93 million yuan, up 89.62% [1] - The non-recurring profit mainly came from gains on the disposal of fixed assets and the sale of subsidiary equity [1] Business Growth - The flexible employment business has shown high demand, with over 50,900 outsourced employees in various professional roles as of Q3 2025 [2] - The overseas business is recovering, and the technical service sector has seen an 81% increase in offer amounts in Q3 2025 [2] - The HeWa platform's operational metrics have improved significantly, with 46,700 operational positions and 135,000 active candidates, alongside a 73% increase in offer numbers [3] Investment Outlook - The company maintains its previous profit forecasts, expecting revenues of 14.8 billion, 18 billion, and 21.3 billion yuan for 2025-2027, with corresponding net profits of 280 million, 340 million, and 400 million yuan [4] - The company is optimistic about the growth potential of the HeWa platform and its AI initiatives, which are expected to contribute to a second growth curve [4]