Company Strategy and Business Highlights - Company adheres to the "Four Transformations" strategy: specialization, internationalization, digitalization, and ecological integration [1] - Focus on offline core business innovation, serving large clients and mid-sized enterprises [1] - Despite short-term global economic fluctuations, international business continues to recover with a focus on overseas operations [1] - Over 100 million yuan invested in digitalization, exploring AI integration in recruitment [1] - The He Wa platform is being developed to promote resource sharing within the industry [1] Operational Performance - Recruitment business focuses on emerging technology sectors, leading to a 6.20% year-on-year increase in revenue [2] - Flexible employment business shows strong growth with a 29.31% increase in revenue for the first half of 2025, employing over 49,500 outsourced staff and independent consultants [2] - Significant client strategy success, with 14 of the top 50 clients seeing revenue growth exceeding 100% and new client revenue up by 77% [2] - Internationally, the company operates over 10 branches in 8 countries, with Hong Kong and overseas revenue reaching 1.215 billion yuan, a 5.10% increase [2] Financial Metrics - For the first half of 2025, company revenue reached 7.075 billion yuan, a 27.67% year-on-year increase, with net profit of 127 million yuan, up 46.96% [3] - Revenue from mainland China was 5.860 billion yuan, a 33.62% increase, while traditional offline business grew by 27.58% and new technology business revenue increased by 48.23% [3] - Basic earnings per share were 0.6428 yuan, a 46.96% increase, with a weighted average return on equity of 6.21%, up 1.54 percentage points [3] - Total assets as of June 30 were 4.197 billion yuan, with net assets of 2.1 billion yuan [3] Digitalization and AI Progress - Significant advancements in digitalization and AI, with improvements in the CRE model score and optimization of the Match System [4] - Development of the CRE-T1 reasoning embedding model initiated in July, showing promising experimental results [4] - Implementation of the WorkFlow Agent and internal testing of the autonomous decision-making agent Mira, capable of handling payroll and attendance tasks [4] Q&A Session Insights - Company addressed trends in the recruitment market, the growth of part-time expert services, and the development of the He Wa platform [5] - Recruitment market is undergoing structural changes, benefiting from the company's core capabilities [5] - Demand for part-time experts is increasing, with a strong accumulation of high-end candidates [5] - The He Wa platform's offer growth rate exceeds revenue growth, indicating potential for improved conversion rates in the future [5] - Flexible employment business continues to thrive through large client and new customer expansion, optimizing client structure [5] - AI Agent applications in recruitment and flexible employment are enhancing efficiency, with the He Wa platform's AI 2.0 version expected to lead to higher job specialization and industry efficiency [5]