Core Insights - The company reported significant growth in its unaudited consolidated performance for the six months ending September 30, 2025, with total revenue reaching RMB 516.0 million, a year-on-year increase of 18.2% [1] - The core business, cloud-based HCM solutions, contributed RMB 414.1 million in revenue, reflecting a 22.2% year-on-year growth and accounting for 80.3% of total revenue [1] - The adjusted gross margin improved to nearly 70%, and the adjusted net margin reached 3.8%, marking a substantial improvement of 11.6 percentage points, achieving profitability [1] Business Performance - The overall subscription revenue retention rate remained stable at 105%, indicating strong customer loyalty and renewal capabilities [1] - The annual recurring revenue (ARR) for Core HCM integrated solutions grew at a rapid pace of 27%, with ARR accounting for 58% of total revenue [1] - The learning business also experienced explosive growth, with ARR nearing RMB 100 million, a staggering increase of 305% year-on-year, serving nearly 4,500 customers [2] AI Innovations - The company launched AI Family 2.0, which includes ten AI assistants covering over 50 HR scenarios and 500 AI features, enhancing the efficiency and intelligence of HR management solutions [2] - New contract amounts for AI Family exceeded RMB 26 million, with over 800 customers, including nearly RMB 10 million for the AI Interviewer product [4] - The AI Leadership Coach also showed strong market competitiveness, with new contracts exceeding RMB 6 million and nearly 100 customers [4] Future Outlook - The company aims to continue its R&D investments to deepen its AI strategy and introduce AI Agents tailored to customer business scenarios [5] - The focus will be on large customer strategies, addressing the in-depth needs of enterprises with over 10,000 employees, and enhancing customer success and service systems [5] - Ongoing strategic acquisitions are expected to drive higher growth and long-term value, creating stable and substantial returns for investors [5]
北森控股发布 2026 财年中期业绩：SaaS 核心业务与 AI 应用落地筑牢竞争壁垒 ，经调整净利润实现扭亏为盈