科锐国际 20250507 摘要 • 科锐国际 2024 年总收入达 117.87 亿元，同比增长 20.55%，净利润 2.05 亿元，增长 2.42%。灵活用工业务增长显著，但招聘类业务收入有 所下降。2025 年一季度收入 33.02 亿元，同比增长 21.13%，净利润 0.58 亿元，同比大幅增长 42.15%，现金流为负但资金状况良好。 • 科锐国际聚焦专业化、国际化、数字化和生态化四大战略。专业化侧重重 点区域和新兴岗位，国际化已布局亚太、欧洲、北美等成熟市场，数字化 通过技术创新提升效率，生态化构建开放合作系统，以应对不确定性并推 动长期发展。 • 科锐国际深耕国内市场，关注腰部企业、专精特新企业、小巨人企业及独 角兽公司，并积极拓展新兴行业中的新岗位与技能，如 CTO 和 CIO 序列， 包括半导体研发、智能制造研发、企业数字化转型等领域。 • 科锐国际在区域发展方面取得进展，上海张江、苏州和深圳南山等试点项 目指标优于整体表现，成功拓展了许多新客户，标志着业务拓展取得重要 进展，为未来增长提供支撑。 Q&A 科锐国际在 2024 年面临哪些挑战，如何应对全球经济和政治的不确定性？ 2024 ...

Group 1 - The core viewpoint of the report indicates that Dongxing Chemical's first-quarter performance turned profitable, with a revenue of 7.173 billion yuan, a year-on-year decrease of 4.48%, and a net profit of 151 million yuan, marking a turnaround from losses [2][18] - The agricultural chemical market remains challenging, with stable overall sales but declining prices due to oversupply and high interest rates abroad, leading to a reliance on timely procurement models [2][18] - The company has initiated the "Advancement Plan" to improve profits and cash flow from 2024 to 2026, focusing on financial management optimization, operational restructuring, and deepening value innovation in niche markets [2][18] Group 2 - Dongxing Chemical's differentiated product strategy is expected to drive long-term growth, with a new product introduction rate contributing 22% to sales in 2024 [3][19] - The company maintains a strong outlook, forecasting net profits of 79 million, 103 million, and 176 million yuan for 2025 to 2027, with corresponding EPS of 0.03, 0.04, and 0.08 yuan, and a current P/E ratio of 182, 141, and 82 times [3][19] Group 3 - Dongxing Electronics reported a first-quarter revenue of 347 million yuan, a year-on-year increase of 51.16%, and a net profit of 17.76 million yuan, up 55.88% [5][39] - The company has increased production capacity and successfully acquired Chongqing Zhiguan Technology, enhancing its functional materials business in the optical display sector [9][40] - The carbon fiber products have achieved mature mass production, with continuous market share growth, particularly in lightweight applications for consumer electronics [10][41] Group 4 - New and existing projects in Dongxing Chemical are progressing well, with significant growth in the vitamin and amino acid markets contributing to a 20.91% revenue increase to 5.440 billion yuan in the first quarter [21][22] - The company is expanding its product range through various projects, including a liquid amino acid project and a new materials project, which are expected to enhance its competitive position [22][23] - The forecast for net profits from 2025 to 2027 is set at 6.197 billion, 7.006 billion, and 7.796 billion yuan, with corresponding EPS of 2.02, 2.28, and 2.54 yuan, maintaining a strong recommendation rating [23]

Group 1 - The core viewpoint of the article highlights that 科锐国际 (Core International) is experiencing a decline in stock price and has a relatively low PE ratio compared to its industry peers [1] - As of May 7, the stock price of 科锐国际 closed at 32.1 yuan, down 3.81%, with a rolling PE ratio of 28.40 times and a total market capitalization of 6.317 billion yuan [1] - The average PE ratio for the professional services industry is 56.67 times, with a median of 36.27 times, placing 科锐国际 at the 18th position in the industry ranking [1] Group 2 - In terms of capital flow, on May 7, there was a net outflow of 18.8873 million yuan from 科锐国际, with a total outflow of 11.9428 million yuan over the past five days [1] - The latest quarterly report for Q1 2025 shows that 科锐国际 achieved an operating revenue of 3.303 billion yuan, a year-on-year increase of 25.13%, and a net profit of 57.7839 million yuan, up 42.15% year-on-year, with a gross profit margin of 5.52% [1]

板块复盘：消费者服务板块报告期内下跌 3.06%，跑输大盘 3.00pct。 2025.4.21-5.4 期间国信社服板块涨幅居前的股票为奈雪的茶、BOSS 直聘、 中国东方教育、天立国际控股、呷哺呷哺、金沙中国有限公司、科锐国际、 美高梅中国、宇华教育、国旅联合。 证券研究报告 | 2025年05月05日 社会服务行业双周报（第 106 期） 优于大市 沪上阿姨招股说明书梳理：跨价格带覆盖茶饮咖啡品类，于北方市场优势突出 沪上阿姨招股说明书梳理：三大品牌覆盖平价、中价茶饮、咖啡赛道，于北 方市场优势突出。沪上阿姨成立于 2013 年，首款产品为五谷奶茶，后适应 消费需求推出鲜果茶，并进一步形成三大品牌概念"沪上阿姨"、"沪咖"、 "轻享版"，价格带横跨 7-32 元，产品布局全面。2024 年公司实现营收 32.8 亿元/-1.9%，经调整净利 4.2 亿元/+0.5%，系允许加盟商自行采购设备导致 相应收入下滑。2024 年公司毛利率+0.9pct，受益于加盟商业务占比走高及 供应链效率提升，销售、管理费率分别+1.2/+0.5pct。公司为北方门店数量 最多的中价茶饮品牌。2024 年末公司共有 917 ...

Core Viewpoint - The Beijing Municipal Human Resources and Social Security Bureau has issued a plan to optimize the business environment in the human resources sector, aiming to support the development of enterprises and promote high-quality growth in the capital [1] Group 1: Employment and Entrepreneurship Support - The plan emphasizes the construction of an employment-friendly development model, implementing actions to enhance employment services and increase the vitality of business entities [2] - Policies will be established to support enterprises in job creation, including financial support, tax incentives, and employment subsidies [2][3] - A three-year action plan will be implemented to enhance entrepreneurship services, including subsidies and loans to reduce startup costs [2] Group 2: Public Employment Services - A three-year action plan will be developed to improve public employment service capabilities, including the establishment of a "15-minute employment service circle" [3] - The plan includes organizing at least 200 live-streaming recruitment events throughout the year to enhance job matching [3] - The "Employment in Beijing" public employment service platform will be upgraded to better connect high-quality talent with job opportunities [3] Group 3: Social Security and Cost Reduction - The plan aims to expand enterprise annuities and provide comprehensive services to companies willing to establish such systems [5] - Measures will be taken to lower labor costs, including adjustments to minimum wage standards and reductions in unemployment insurance rates [5] - The social security processing services will be streamlined to enhance convenience for enterprises and individuals [5] Group 4: Talent Development and Innovation - The plan focuses on promoting high-quality development in the human resources service industry, integrating it with advanced manufacturing and other sectors [6][7] - A "full-chain" human resources service model will be established to provide comprehensive support to innovative entities [6] - The plan includes the development of a talent evaluation directory to better align talent services with key industries [10] Group 5: Labor Relations and Regulatory Framework - The plan aims to improve labor relations through enhanced negotiation mechanisms and the establishment of a one-stop mediation center for labor disputes [10] - Administrative inspections will be standardized to minimize their impact on business operations, promoting a more favorable regulatory environment [11] - The plan includes initiatives to enhance the understanding of labor policies among enterprises and workers [12] Group 6: Regional Collaboration - The plan emphasizes the importance of collaboration between Beijing, Tianjin, and Hebei in social security services and talent development [15] - Joint initiatives will be launched to create a unified talent evaluation standard across the three regions [15] - The plan aims to enhance the quality of labor relations through innovative pilot reforms in the region [15]

数据赋能、线下搭桥、云端送岗、跨域协作……今年以来，市人社局以"春风行动"为契机，织密供 需网络，通过四维联动，破解企业"用工难"与群众"就业难"结构性矛盾，以精准服务保用工稳就业，为 经济社会高质量发展提供了坚实的人力资源支撑。 数据赋能，精准服务架金桥 "最近公司招工方面还有什么诉求？上次新入职的员工现在上手了吗？"在镇江华舟人力资源服务有 限公司访企问需座谈会上，市人社局用工保障服务队与企业相关负责人面对面交流，了解企业生产经营 状况、发展规划和用工需求，收集企业缺工详细情况，共同商讨解决企业招工用工难题对策。 在用工动态监测信息员业务培训活动中，市人社局通过对"就在江苏"智慧就业服务平台的详细介 绍，拓宽企业用工招聘渠道，加强全市用工动态监测工作，提高信息员业务水平，为企业用工服务提供 更加精准、及时的数据支持。 "访企问需"是护航企业经济高质量发展的必要手段。在市人社局开展的"访企问需"专项行动中，全 市各级人社部门组建助企惠民工作专班，通过上门走访、电话联系、企业服务群对接等形式联系2900余 家企业，开展"访企问需"行动，组织人力资源需求调查，集中开展"送岗位、送服务、送政策"三送服 务，筹集1 ...

Core Insights - Shandong Province's Human Resources and Social Security Department announced the list of pilot construction units for the "Smart Employment" service area for 2025, with Dongying Port Economic Development Zone's "One-Stop" human resources service complex being selected [1] Group 1: Development and Services - Dongying Port Economic Development Zone focuses on the integration of industrial development needs and labor employment demands, emphasizing digital services, policy support, and talent cultivation [2] - The "One-Stop" human resources service complex includes various zones such as a "Smart Cloud Platform" display area, comprehensive service windows, human resources market, career guidance area, and training rooms, utilizing emerging digital technologies to enhance employment services [2] - The complex aims to provide personalized career guidance and entrepreneurial mentorship through a team of career advisors and mentors, facilitating direct communication and support for key groups like young graduates and unemployed individuals [2] Group 2: Digital Integration and Data Utilization - The development of the Dongying Port Smart Talent Employment Cloud Platform aims to connect with various professional websites and databases, enabling automated updates of local social security data and facilitating intelligent information matching [2] - A comprehensive information display library covering six key areas—talent, industry, achievements, policies, demand, and supply—will be created to provide real-time, visual insights into local human resources [2] - The "One-Stop" service complex currently serves over 300 enterprises and 11,000 individuals annually through smart devices, and over 800 enterprises and 32,000 individuals through its information platform [3]

黑龙江省人社厅推动产业、企业、创业、就业"四业联动"，持续促进就业质的有效提升和量的合理增 长，一季度全省实现城镇新增就业8.6万人，完成季度目标的107.7%，完成年度目标的28.7%。 抢抓亚冬会召开有利契机，举办全省首届冰雕、雪雕职业技能竞赛，筹备黑龙江省第二届职业技能大赛 等重点赛事，开发"型冰制作"等冰雪领域专项职业能力标准12项，围绕数字经济、康养托育、现代服务 等就业容量大、供需矛盾突出的行业，推广"岗位需求+技能培训+技能评价+就业服务"项目化培训模 式，开展补贴性培训2.5万人次。畅通技能人才发展路径，全面推行"新八级工"职业技能等级序列，开 展职业技能等级认定3.2万人次。 相继出台做好就业援助20条、做好脱贫人口就业帮扶10条措施等政策，帮扶脱贫人口、失业人员、就业 困难人员分别实现就业19.3万人、4.9万人、1.8万人，新开发公益性岗位兜底安置2760人，零就业家庭 保持"动态清零"。(记者李播) 省人社厅完善促进创业带动就业保障制度，启动"创响龙江"三年行动，加大金融助企稳岗扩岗力度，将 小微企业稳岗扩岗专项贷款授信额度由3000万元提高至5000万元。一季度，组织2190名"人社 ...

Trueblue (TBI) Q1 2025 Earnings Call May 05, 2025 05:00 PM ET Company Participants Taryn Owen - CEO, President & DirectorCarl Schweihs - EVP & CFOKartik Mehta - Executive MD & Director of ResearchRyan Griffin - Senior Equity Research Associate Conference Call Participants Mark Marcon - Senior Research AnalystMarc Riddick - Business Services Analyst Operator Greetings, and welcome to the TrueBlue First Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. A quest ...