中国证券报记者6月4日从人力资源社会保障部获悉，《人力资源社会保障部、工业和信息化部、商务 部、全国工商联关于开展人力资源服务业与制造业融合发展试点工作的通知》近日印发。四部门组织开 展人力资源服务业与制造业融合发展试点工作，加快促进高质量充分就业，助力构建现代化产业体系。 《通知》提出，在30个左右具备条件的城市开展先行试点，通过3年左右的努力，培育一批面向制造业 的专业人力资源服务机构，打造一批融合发展平台载体和联合体，发展一批支持制造业高质量发展的人 力资源服务创新技术、产品、模式，形成一批推动人力资源和实体经济、科技创新深度协同的政策体系 和有效模式。 人力资源社会保障部人力资源流动管理司负责人在答记者问时表示，试点城市原则上为地级及以上城 市，应当具备较大规模的制造业特别是先进制造业集群、比较发达的人力资源服务业基础、丰富的教育 人才资源、较强的区域示范带动作用等条件。 试点城市将重点从以下方面加强融合创新：一是建立健全推动人力资源服务业与制造业融合发展的工作 机制，发挥市场作用，健全政府引导、企业主导、政策扶持、平台支撑、行业组织广泛参与的融合发展 机制；二是探索完善政策体系，统筹就业、产业、财政 ...

Financial Data and Key Metrics Changes - For Q1 2025, the company reported revenue of $31.9 million, down 3.3% year over year in constant currency, while adjusted net revenue increased to $16.4 million, up 2.2% year over year in constant currency [5] - Adjusted EBITDA for Q1 was a loss of $700,000, an improvement from a loss of $1.5 million a year ago [5] - The net loss was $1.8 million or $0.59 per diluted share, compared to a net loss of $2.9 million or $0.95 per diluted share in the same period last year [5] Business Line Data and Key Metrics Changes - Revenue for the Americas business increased by 15%, with adjusted net revenue up 3% year over year in constant currency [8] - Asia Pacific revenue decreased by 7%, but adjusted net revenue increased by 14% year over year in constant currency [8] - EMEA revenue decreased by 7% year over year in constant currency, with adjusted net revenue down 19% [9] Market Data and Key Metrics Changes - Overall days sales outstanding increased to 56 days as of March 31, 2025, compared to 51 days at December 31, 2024 [10] - The company ended Q1 with $17.2 million in cash, including $700,000 of restricted cash [10] Company Strategy and Development Direction - The company is focusing on a land and expand strategy to enhance geographical reach and service offerings [12] - A new Chief Digital Officer has been appointed to launch a digital division aimed at improving digital capabilities and enterprise strategies [12] - The company secured approximately $20 million of adjusted net revenue from renewals and extensions at existing clients, plus $2.4 million in new logo wins for the quarter [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to position itself for strong future growth despite current macroeconomic uncertainties [6] - The management noted that while there was initial momentum entering Q1, uncertainty in the macro environment has created hesitation in hiring demands from clients [20] - The company is optimistic about future growth, particularly in regions like India and Latin America, while facing challenges in the US, China, and the UK [23] Other Important Information - The company has been investing in its capabilities in sales, marketing, and technology to enhance its competitive position [30] - The management is open to share repurchases and is considering various options for cash usage prioritization, including potential acquisitions [31][35] Q&A Session Summary Question: Impact of headlines on client reactions - Management noted that uncertainty in the macro environment has created hesitation in hiring demands from clients, impacting enterprise-level clients [19] Question: Geographic differences in activity levels - Management indicated that there is hesitation across all regions due to macroeconomic impacts, with some resilience seen in pharmaceuticals and financial services [22] Question: Digital launch details - The proprietary digital solution is expected to be available by the end of Q3 or beginning of Q4 2025 [43] Question: Seasonal spikes in renewals and expansions - Management acknowledged cyclical nature in contracts but emphasized ongoing efforts to expand services with existing clients [45] Question: Attrition rate and its implications - Management confirmed that the attrition rate is returning to historical levels, which could be a tailwind for the company [52] Question: Progress since the new CEO's appointment - The CEO expressed satisfaction with the progress made in building capabilities and investing in leadership, aiming to compete at a larger enterprise scale [56]