Core Viewpoint - The company has approved the unlocking of 297,957 shares of restricted stock as part of its equity incentive plan, with the unlocking date set for April 25, 2025 [3][13]. Group 1: Stock Listing and Unlocking Details - The stock listing type is for equity incentive shares, with a total of 297,957 shares to be listed [2]. - The unlocking of the restricted stock is contingent upon the fulfillment of specific conditions outlined in the company's incentive plan [11][12]. - The first unlocking period for the reserved grant of the incentive plan has been achieved, allowing for the release of shares for 16 eligible recipients [3][19]. Group 2: Decision-Making Process and Compliance - The company has followed the necessary decision-making procedures and disclosed information regarding the incentive plan since its initial approval on January 27, 2022 [4][5]. - The plan received approval from the Shanghai State-owned Assets Supervision and Administration Commission, confirming its compliance with regulatory requirements [4][6]. - The company has consistently adhered to disclosure obligations throughout the various stages of the incentive plan [10][19]. Group 3: Shareholder and Management Restrictions - The company has established restrictions on the transfer of shares by directors and senior management, limiting annual transfers to 25% of their total holdings during their tenure [13][14]. - Additional regulations apply to the sale and repurchase of shares, ensuring compliance with relevant laws and regulations [14].

证券研究报告 | 行业专题 | 专业服务 专业服务 报告日期：2025 年 04 月 21 日 3 月进入传统招聘旺季，复苏确定性仍待持续观察 ——招聘行业 2025 年 3 月专题报告 投资要点 ❑ 3 月进入招聘旺季呈现小幅复苏迹象，我们认为， 1-2 月农历春节错期导致短期 承压，随着 3 月逐渐进入传统招聘旺季，后续就业市场景气确定性仍待观察。 ❑ 宏观层面：失业率小幅修复，PMI 波动。 2025 年 3 月城镇调查失业率 5.2%，环比-0.2pct；劳动力调查失业率（不含在校生） 在 16-24 岁/25-29 岁/30-59 岁三个阶段分别为 16.5%/7.2%/4.1%，环比分别-0.4/- 0.1/-0.2pct。3 月制造业/服务业 PMI 从业人员指标分别为 48.2%/46.5%，环比分别 -0.4/-0.2pct。 ❑ 微观层面：截至 4 月 16 日 Datayes 新增招聘帖数累计同比增长 20%。彰显修复 信心。 根据 Datayes 招聘数据（主要来源为 51job，猎聘和智联招聘三家平台），2025 年 3 月新增招聘公司数同比增长 2%，新增招聘帖数同比增长 17%， ...

Financial Data and Key Metrics Changes - In Q1 2025, revenue was $4.1 billion, down 5% year-over-year in constant currency [12] - Reported EBITDA for the quarter was $36 million, while adjusted EBITDA was $52 million, representing a decrease of 32% in constant currency year-over-year [12][19] - Adjusted earnings per share decreased 51% year-over-year in constant currency, with reported EPS at $0.12 and adjusted EPS at $0.44 [13][20] Business Line Data and Key Metrics Changes - On an organic constant currency basis, the Manpower brand declined 2%, the Experience brand declined 5%, and the Talent Solutions brand declined 2% [22] - The RPO business within Talent Solutions experienced a slight revenue decrease, while the MSP business recorded a strong double-digit revenue increase [22] - Gross profit margin was 17.1%, with staffing margin contributing to a 10 basis point reduction due to mixed shifts and lower bench utilization [23] Market Data and Key Metrics Changes - Revenue in the Americas segment was $1.1 billion, representing a 5% increase year-over-year in constant currency [28] - Southern Europe revenue was $1.8 billion, reflecting a 5% decrease in constant currency [33] - Northern Europe segment revenue decreased 14% in constant currency, with the UK market experiencing a 16% decline [37][39] Company Strategy and Development Direction - The company is focused on diversifying, digitizing, and innovating, with plans to showcase technology advancements at VivaTech in Paris [51] - Emphasis on building tailored solutions with a focus on candidate experience and data privacy [52] - The company aims to manage costs effectively while driving profitable revenue growth through organizational alignment [54] Management's Comments on Operating Environment and Future Outlook - Management noted increased uncertainty due to recent trade policy announcements, leading clients to adopt a wait-and-see approach [9][10] - Despite challenges, there is optimism for growth in specific markets like LATAM and APME, with a focus on skills development as AI adoption accelerates [16] - The forecast for Q2 2025 anticipates continued challenges in Europe and North America, with EPS expected to be in the range of $0.65 to $0.75 [46][47] Other Important Information - Free cash flow represented an outflow of $167 million compared to an inflow of $104 million in the prior year, influenced by timing of payables [43] - The company ended the quarter with cash of $395 million and total debt of $1.07 billion, resulting in a net debt of $677 million [45] Q&A Session Summary Question: Impact of pending tariffs on future performance - Management indicated that a resolution of U.S. tariffs could lead to a quick turnaround in employer confidence and demand [60][65] Question: Signs of layoffs and hiring freezes - Management noted that while there is caution among employers, they are not significantly letting go of workforces, focusing instead on specialized skills [69][71] Question: Client mindset regarding tariff policy - Clients are adopting a wait-and-see approach, anticipating a negotiated settlement rather than a permanent change [82][86] Question: Restructuring actions in Northern Europe - Management discussed restructuring charges and expected payback periods, indicating a focus on improving profitability in challenging markets [91][95] Question: Impact of immigration policy on business - Management stated that current immigration policies have not significantly impacted business performance [135]

ManpowerGroup (MAN) Q1 2025 Earnings Conference Call April 17, 2025 08:30 AM ET Company Participants Operator - Conference Call OperatorJonas Friesing - Chair and CEOJack McGinnis - Chief Financial OfficerUnknown - Conference Call Participant / Investor Relations Representative Conference Call Participants Andrew Steinerman - Analyst, J.P. MorganManav Patnik - Analyst, BarclaysMark Marcon - Analyst, BayardKarthik Mehta - Analyst, North Coast ResearchJosh Chan - Analyst, UBSTrevor Romeo - Analyst, William Bl ...

Company Overview - Beijing Keri International Human Resources Co., Ltd. is a leading provider of comprehensive human resource solutions in China, offering services such as high-end talent search, recruitment process outsourcing, flexible staffing, traditional dispatch services, training, market research, and recruitment project consulting [1]. Financial Performance - As of the third quarter of 2024, the company reported revenue of 8.516 billion yuan, representing a year-on-year increase of 18.77% [1]. - The net profit for the same period was 135 million yuan, showing a year-on-year decrease of 10.96% [1]. - The sales gross margin stood at 6.75% [1]. Market Position - The company's closing stock price was 31.61 yuan, with a price-to-earnings (PE) ratio of 30.57 times, and a total market capitalization of 6.221 billion yuan [1]. - In comparison to the industry, the average PE ratio for the professional services sector is 52.75 times, with a median of 32.93 times, placing Keri International at the 21st position within the industry [1][2]. Institutional Holdings - As of the latest report, 200 institutions hold shares in Keri International, with a total of 33.9684 million shares and a market value of 715 million yuan [1].

裘翔｜中信证券首席A股策略师 S1010518080002 板块配置｜六大主线板块当前处在什么位置？ 一个季度过去了，市场最关注的几个主线板块都处在什么位置？后续还可以期待什 么？我们从股价、估值、基本面等维度自上而下梳理了科技、消费、医药、新能源、 红利、出海六大板块一季度运行动态，并给出了相关配置线索。 风险因素：中美科技、贸易、金融领域摩擦加剧；国内政策力度、实施效果及经济复 苏不及预期；海内外宏观流动性超预期收紧；地缘政治风险。 尹欣驰 ｜中信证券 汽车及零部件行业首席分析师 S1010519040002 商用车｜卡车电动化最后一块拼图：重卡混动发展前瞻 重卡新能源化进展如火如荼，趋势明确不可逆。但现有主流的纯电动重卡受限于续航 里程限制，主要在短途和特定场景下渗透，中长距离场景的新能源化仍待开拓。复盘 乘用车新能源化进程，混动车型于纯电车型普及后两年开始加速渗透，我们认为混动 也将成为重卡新能源化的最后一块拼图。混动重卡在政策大力支持的新能源重卡范畴 内、且在中长距离运输场景中满足高效运输需求，经济性表现远超柴油重卡、且混动 技术已较为成熟，我们认为其已具备大范围商业化基础。我们预计2024/202 ...

Group 1 - The core viewpoint of the news is that 科锐国际 (Core International) is experiencing a decline in stock price and profitability, despite being a leading provider in the human resources sector in China [1] - As of April 1, the closing stock price of 科锐国际 is 33.2 yuan, down 4.05%, with a rolling PE ratio of 32.11 times and a total market capitalization of 6.534 billion yuan [1] - The average PE ratio for the professional services industry is 52.20 times, with a median of 36.76 times, placing 科锐国际 at the 22nd position in the industry ranking [1] Group 2 - As of the third quarter of 2024, 200 institutions hold shares in 科锐国际, including 200 funds, with a total holding of 33.9684 million shares valued at 715 million yuan [1] - The company reported a revenue of 8.516 billion yuan for the third quarter of 2024, representing a year-on-year increase of 18.77%, while net profit was 135 million yuan, showing a year-on-year decrease of 10.96% [1] - The sales gross margin for 科锐国际 is reported at 6.75% [1]

证券时报·e公司记者注意到， 广州番职 属于事业单位，李茂沛在学校属于骨干教师；相较之下，他在浩云科技担任董事只是兼职，且董事津 贴只有6.5万元（税前），换算成月薪约5417元。 不过，浩云科技新的董事候选人也有些来头，这使得此次"换人"颇有些看点。 博士董事候选人弃选 据浩云科技公告，公司董事会收到李茂沛提交的函件，其在函中表示因其任职学校不允许校外兼职的要求，向公司提出放弃公司第六届董事 会董事候选人资格。据此，公司董事会同意取消李茂沛为董事候选人并取消临时股东会相关议案。 李茂沛出生于1975年4月，博士研究生学历，毕业于哈尔滨工业大学信号与信息处理专业，高级工程师。 李茂沛的工作履历相当丰富。2006年11月至2018年5月，他任职于海格通信(002465)，担任项目副总师；2018年5月至2021年2月，他在浩云 科技担任首席技术官。 浩云科技（300448）3月17日晚间宣布，取消公司2025年第一次临时股东会部分子提案。公司原计划选举李茂沛为第六届董事 会非独立董事。在会议即将召开之际，李茂沛向公司发函提出放弃董事候选人资格。 李茂沛系广州番禺职业技术学院（下称"广州番职"）专职教师。他此次退 ...

BGSF, Inc. (NYSE:BGSF) Q4 2024 Earnings Conference Call March 13, 2025 9:00 AM ET Company Participants Sandy Martin - Managing Director-Three Part Advisors Beth Garvey - Chair, President and Chief Executive Officer Keith Schroeder - Chief Financial Officer Conference Call Participants Howard Halpern - Taglich Partners Jeff Martin - Roth Capital Operator Good day, and welcome to the BGSF, Inc. Fiscal Year Fourth Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode. We are ope ...

以下文章来源于最华人 ，作者华人作者团 最华人 . 有华人的地方，就有最华人。 关注华人商业领袖、创业者及商业案例； 洞察科技制造、品牌出海、产 业革新等。 "2022中国正能量网络精品"获得者。 来 源 丨最华人（ID：wcweekly） 作者丨牧龙闲人 图源丨Deel 《福布斯》"2024年美国白手起家女富豪榜"中，有 一个华裔女性的名字，引起了业内很多人的关注。 她叫王硕，财富8.5亿美元，与巨星麦当娜并列排 在榜单第39位。 王硕（右三） 福布斯杂志盛赞其为"最成功的白手起家女性之 一"。 并表示，白手起家成为亿万富豪是一件概率很低的 事情，而女性在这条路上更为艰难。 自2019年成立人力资源服务公司Deel至今，王硕用 短短5年时间，将其打造成了一家估值120亿美元 （约合人民币854亿元）的巨头公司，成功跻身全 球百亿巨头之列。 这种速度，放眼全世界都是非常少见的。 更难得的是，王硕今年才35岁。 榜单上排在她前面的大部分都超过了60岁、有着几 十年的财富积累，王硕与她们相比，差了整整一代 人。 年纪轻轻赚了亿万身家，这姑娘到底是怎么做到 的？ 从麻省理工退学 王硕是东北人，出生于辽宁沈阳的一个商 ...