北森控股(09669.HK)中期整体收入5.16亿元 同比增长18.2%

Core Insights - The company reported a total revenue of RMB 516 million for the six months ending September 30, 2025, representing an 18.2% increase compared to the same period last year [1] - Revenue from cloud HCM solutions reached RMB 414 million, marking a 22.2% year-over-year growth, and accounted for over 80% of total revenue, an increase of 2.7 percentage points from the previous year [1] - The adjusted net profit margin improved by 11.6 percentage points to 3.8% [1] - Adjusted EBITDA reached RMB 39.3 million, indicating strong operational performance [1] - Subscription revenue retention rate remained at a healthy 105% [1] - Core HCM integrated annual recurring revenue (ARR) maintained a growth rate of 27% [1]