Core Viewpoint - The company reported strong financial performance in Q3 2025, with significant year-over-year growth in revenue and net profit, driven by the robust performance of its flexible employment business and the integration of AI technologies [1][2][4][5]. Financial Performance - In Q3 2025, the company achieved revenue of 3.68 billion yuan, a year-over-year increase of 23.7%, and a net profit attributable to shareholders of 93.23 million yuan, up 89.62% year-over-year [1]. - For the first three quarters of 2025, the company reported total revenue of 10.8 billion yuan, reflecting a year-over-year growth of 26%, and a net profit of 220 million yuan, which is a 62% increase year-over-year [2]. - The company's non-recurring net profit for Q3 2025 was 60.6 million yuan, representing a year-over-year increase of 26.9% [1]. Business Growth - The flexible employment business continues to show strong growth, with 50,900 outsourced employees as of the end of Q3 2025, a 20% increase year-over-year, and a net addition of 1,400 employees in the quarter [2][3]. - The cumulative number of dispatched personnel in the flexible employment business reached 44,600, marking a year-over-year increase of 23% [2]. Operational Efficiency - The company has improved its operational efficiency through cost reduction and business structure optimization, leading to enhanced overall profitability [4]. - The integration of AI technologies is expected to further improve profitability and operational efficiency, with ongoing developments in AI applications for recruitment [5]. AI Integration - The company is advancing the application of AI technologies in recruitment, including the development of the CRE-T1 embedding model and the internal release of the digital avatar Mira [5]. - The platform's ecosystem continues to expand, with over 18,200 registered partners and more than 100,000 high-end positions operated, reflecting a year-over-year growth of 57.41% [5]. Investment Outlook - Based on the positive profit growth in Q3 2025, the company has adjusted its profit forecasts for 2025-2027, expecting net profits of 286 million yuan, 348 million yuan, and 420 million yuan respectively [6].
科锐国际(300662):25Q3扣非归母净利同增27% 持续推动AI赋能