Core Viewpoint - The company, Core International, has experienced a decline in stock price and is currently underperforming compared to its industry peers in terms of price-to-earnings ratio (PE) and market capitalization [1][2]. Company Summary - Core International's stock closed at 25.73 yuan, down 5.09%, with a rolling PE of 22.76 times and a total market capitalization of 5.064 billion yuan [1]. - The company operates in the professional services sector, providing comprehensive human resource service solutions, including high-end talent search, recruitment process outsourcing, flexible employment, and technical services [1]. - Recent awards include the 2024 Best Global Human Resource Service Agency and recognition as one of Beijing's top 100 private enterprises [1]. Financial Performance - For Q1 2025, the company reported 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%, with a gross profit margin of 5.52% [1]. Industry Comparison - The average PE ratio for the professional services industry is 52.18 times, with a median of 34.96 times, positioning Core International at 14th place within the industry [1][2]. - The industry average market capitalization is 5.516 billion yuan, while the median is 4.448 billion yuan [2].

中国经济网北京6月19日讯 科锐国际(300662.SZ)昨日披露关于控股股东及部分高管计划减持股份的预披 露公告称，公司收到霍尔果斯泰永康达创业投资有限公司(以下简称"泰永康达")及财务总监尤婷婷出具 的《股份减持计划告知函》。 科锐国际董事会关于2024年度募集资金存放与使用情况的专项报告显示，经中国证券监督管理委员会证 监许可【2021】1425号文《关于同意北京科锐国际人力资源股份有限公司向特定对象发行股票注册的批 复》的核准，公司向特定对象发行股票14,094,955股，每股面值1元，每股发行价格为53.92元，募集资 金总额为759,999,973.60元，扣除尚未支付的保荐及承销费用（不含增值税）9,433,962.26元后的余额 750,566,011.34元于2021年7月21日存入募集资金专户内。扣除累计发生的律师费用等其他相关发行费用 （不含增值税）2,452,735.85元后，募集资金净额人民币748,113,275.49元。该募集资金已于2021年7月21 日全部到位，存放于公司募集资金专用账户中，上述募集资金到位情况已由信永中和会计师事务所（特 殊普通合伙）审验，并出具（XYZH/ ...

Core Insights - The report highlights that live-streaming job recruitment is an innovative practice merging digital technology with public services, representing a significant opportunity in the employment services sector [1][2] - The online recruitment market globally has reached a scale of over 100 billion, with an expected annual compound growth rate of 15% over the next decade, indicating a pressing need for digital transformation in China's human resources service industry [1][2] Group 1: Development of Live-Streaming Recruitment - Live-streaming recruitment has emerged as a new digital recruitment product following traditional recruitment websites, with platforms like Kuaishou's "Kuaipin" attracting over 40,000 dedicated hosts and engaging 250 million users monthly [2][5] - The model breaks geographical and temporal limitations, providing a fast, interactive, and precise platform for job seekers and employers, enhancing the efficiency of labor supply-demand matching [4][5] Group 2: Government and Market Collaboration - The report outlines the evolution of live-streaming recruitment, initiated by the Ministry of Human Resources and Social Security in 2020, leading to the launch of Kuaishou's "Kuaipin" service in January 2022 [5][6] - By 2023, over 2.5 billion users were seeking job opportunities through Kuaishou, with nearly 5.5 million live-streaming recruitment sessions conducted and 240,000 employers participating [5][6] Group 3: Innovations and Local Practices - Various local employment service departments have innovated in live-streaming recruitment, creating successful models through collaboration with third-party agencies, enterprises, and educational institutions [6][7] - Notable examples include Guangdong's government-market collaboration, Jiangsu's extensive coverage through partnerships, and Shanghai's establishment of unified technical standards for live-streaming recruitment [7][8] Group 4: Adoption by Employers - An increasing number of employers are embracing live-streaming recruitment to enhance the efficiency of their hiring processes, with companies like Luxshare Precision and Meituan utilizing this innovative model to meet diverse and rapidly changing labor demands [8] - Kuaishou is leveraging AI technology to improve recruitment service efficiency, including the development of AI chatbots and digital human live-streaming capabilities for enhanced interaction [8]

Core Insights - Investing in China is seen as investing in the future, driven by a large market size, a complete industrial system, and an improving business environment, which collectively attract foreign investment and contribute to China's modernization [1] Group 1: Investment Attraction in Chengdu - Chengdu has attracted over 4,000 foreign enterprises and more than 100,000 foreign residents, making it a hotspot for foreign investment [2] - The city is recognized for its unique cultural heritage, convenient location, and favorable business environment, which are key factors in attracting foreign businesses [2][4] - Chengdu's policies, such as the "Talent Plan" and "Entrepreneurship Tianfu Plan," signal the city's openness to foreign talent and investment [5] Group 2: Case Studies of Foreign Companies - Robert, a Dutch entrepreneur, established a company in Chengdu to help overseas talent find jobs, benefiting from local policies and support [5][6] - The Australian Cochlear company chose Chengdu for its production base due to the city's developed transportation network and its strategic position in the Belt and Road Initiative, investing approximately $87 million [7][8] - Belgian entrepreneur Dieter created a WeChat platform to assist foreigners in Chengdu, capitalizing on the city's friendly atmosphere and growing international community [9][10] Group 3: Economic Impact and Future Prospects - Chengdu's international airport is projected to handle over 87 million passengers and 1 million tons of cargo by 2024, enhancing its role as a logistics hub [8] - In the first four months of this year, Chengdu attracted $656 million in foreign direct investment, leading among midwestern cities in China [8]

Market Performance - U.S. stocks showed positive movement with the Dow Jones index increasing by over 150 points, up 0.36% to 42,366.99 [1] - The NASDAQ rose 0.56% to 19,629.54, and the S&P 500 gained 0.39% to 6,006.14 [1] - Consumer discretionary shares increased by 0.6%, while energy stocks fell by 0.4% [1] Company Earnings - Korn Ferry (KFY) reported better-than-expected fourth-quarter fiscal year 2025 results, with adjusted earnings per share of $1.32, surpassing the analyst consensus estimate of $1.26 [2] - Quarterly sales reached $719.83 million, exceeding the expected $689.90 million [2] Commodity Prices - Oil prices decreased by 0.9% to $74.20, while gold prices increased by 0.1% to $3,410.40 [5] - Silver prices fell by 0.5% to $36.970, and copper prices rose by 0.8% to $4.8455 [5] Global Market Trends - European shares were mixed, with the eurozone's STOXX 600 declining by 0.4%, while Spain's IBEX 35 Index rose by 0.1% [6] - Asian markets closed mixed, with Japan's Nikkei gaining 0.90% and Hong Kong's Hang Seng Index falling by 1.12% [7] Stock Movements - Ryde Group Ltd. (RYDE) shares surged by 165% to $0.4719 following the announcement of a 40% stake acquisition in Atoll Discovery [9] - Aptevo Therapeutics Inc. (APVO) shares increased by 114% to $6.06 after positive clinical data from its ongoing trial [9] - Eyenovia, Inc. (EYEN) shares dropped by 37% to $4.4100 due to the appointment of a strategic advisor and debt agreement amendments [9]

科锐国际（300662）公告，控股股东泰永康达持有公司流通股5986.25万股，占总股本的30.4170%。计 划以大宗交易和集中竞价方式减持358.07万股，占总股本的1.8194%。公司财务总监尤婷婷持有公司股 份75175股，占总股本的0.0382%。计划以大宗交易和集中竞价方式减持不超过18794股，占总股本的 0.0095%。减持期间为2025年7月10日至2025年10月9日。 ...

求职者"屏对屏"了解企业、"键对键"投递简历；AI模拟面试间提供高效精准的智能化面试体验；创新打造"三公里"就业圈让求职 者在"家门口"找好工作……作为人力资源大省，安徽坚持就业优先战略，持续深挖就业岗位资源、优化就业服务方式，搭建更 暖心的公共就业服务平台，努力促进各类人才高质量充分就业。 稳岗扩岗端稳"就业饭碗" 5月28日，2025年第九期"合肥请您来，20万个岗位供您选"现场对接会在合肥市人力资源市场举办。现场组织100余家国有企事 业单位、重点产业链企业、新型研发机构等参会，提供5000余个优质岗位，涵盖人工智能等重点产业领域，以多元化、高质量 就业机会助力求职者择业乐业。 活动现场，同步开展"直播带岗"，首次设置"AI求职赋能体验区"， 帮助求职大学生快速修改润色简历，在模拟面试间进行智能 面试演练。面试结束后，系统会自动生成诊断报告，为高校毕业生提供高效精准的面试建议，吸引不少求职者前来体验。 为助力企业招工引才，安徽省常态化开展"2+N"特色招聘活动，举办个性化、专业化专场招聘会，为企业提供人才招聘精细化对 接服务。赴国内知名高等院校、科研机构等开展"招才引智高校行"活动，集聚更多高层次人才来 ...

Core Insights - The article discusses the entrepreneurial journey of a woman who transitioned from a stable teaching job in China to starting a business in Africa, specifically in Tanzania and later in Rwanda, highlighting the challenges and opportunities in the African market [2][50]. Group 1: Market Opportunities and Challenges - Tanzania is identified as a rapidly growing economy in East Africa, with a GDP growth rate of around 5% over the past five years, presenting a potential market for new businesses [11]. - The clothing market in Tanzania is saturated with low-end products, primarily imported from countries like Turkey, UAE, and China, leading to a perception of Chinese goods as cheap and low quality [8][9]. - There is a gap in the mid to high-end clothing market, as local affluent consumers prefer stylish and quality clothing, often purchasing from abroad due to a lack of suitable local options [10][12]. Group 2: Business Strategy and Execution - The initial business focus was on clothing retail and wholesale, with efforts to expand into bedding and toys, but these expansions faced significant challenges due to a lack of market research and understanding of local consumer preferences [4][25]. - The team attempted to leverage social media platforms like TikTok and Instagram for live selling but faced obstacles due to insufficient preparation and local customs [16][17][19]. - Ground marketing efforts, such as a promotional event at a wedding, failed due to a lack of understanding of local customs and consumer behavior [20][21]. Group 3: Lessons Learned and Future Plans - The experience in Tanzania led to a strategic pivot towards Rwanda, focusing on higher value-added services in finance, software, and human resources, with an emphasis on training and formal management practices [48][52]. - The team aims to establish a successful business model in Rwanda before expanding to other African countries, emphasizing the importance of local partnerships and thorough market research [51][53].

Key Points - The report emphasizes an overweight rating for the consumer services sector, highlighting a new phase of travel transformation driven by high demand for themed tourism [1][5] - The consumer services index has shown stability with a slight decline of 3.43% as of June 13, 2025, underperforming the CSI 300 index [7][16] - The report suggests that the consumer services industry is experiencing a trend of increasing volume but decreasing prices, leading to greater pressure on corporate profitability and necessitating transformation [7][68] Sector Investment Strategy Consumer Services Sector Overview - The consumer services index has been relatively stable since the beginning of 2025, with a recent underperformance compared to the CSI 300 index [16][17] - The tourism and hospitality sectors have weakened due to declining per capita travel spending [7][16] Tourism and OTA - Domestic travel demand has rebounded significantly, with 1.794 billion domestic trips in Q1 2025, a year-on-year increase of 26.43% [25] - The average travel expenditure per person in Q1 2025 was 1,003.34 yuan, indicating a decline from previous trends due to the rapid increase in travel frequency [25][26] - The report anticipates that the demand for self-driving and short-distance travel will continue to rise, with a focus on experiential tourism rather than traditional sightseeing [25][69] Duty-Free Sector - The duty-free market in Hainan has seen a decline in sales, but the rate of decline is narrowing, with sales of 13.33 billion yuan in the first four months of 2025, down 10.75% year-on-year [32][33] - The report notes that the average spending per customer in Hainan's duty-free shopping has rebounded, reaching 8,319 yuan, a 25.11% increase compared to the previous year [33] - The international travel market is recovering, benefiting airport duty-free shops, with significant growth in international passenger traffic at major airports [37][38] Hotel Sector - The hotel industry is facing increased competition due to rapid supply growth, with the number of hotel facilities reaching 570,100 by the end of 2024, a 6.87% decrease year-on-year [42][44] - The report highlights that leading hotel groups are maintaining strong performance despite price competition primarily affecting budget hotels [42][51] - The expansion of chain hotels in lower-tier markets is expected to continue, with major hotel groups increasing their market presence [54][55] Human Resources Services - The report indicates a slight increase in employment pressure, particularly among recent graduates, with policies aimed at promoting employment expected to be introduced [57][61] - The human resources service market is projected to grow, with a market size of 2.76 trillion yuan in 2023, expected to reach 5.03 trillion yuan by 2028 [65][66] - The integration of AI in human resources services is anticipated to enhance efficiency in recruitment and management processes [66][67] Investment Recommendations - The report recommends focusing on sectors with strong demand, such as scenic spots and OTA, as well as the hotel sector, which is expected to expand despite competitive pressures [68][69] - Specific stocks to watch include Long White Mountain (603099), Emei Mountain A (000888), and China Duty Free (601888) [69]

Core Viewpoint - The second Guangdong-Hong Kong-Macao Greater Bay Area Human Resources Service Innovation and Entrepreneurship Competition has been launched, aiming to promote innovation and technological advancement in the human resources service sector through a high-level event platform [1][2]. Group 1: Event Overview - The competition is themed "Gathering Millions of Talents in South Guangdong, New Quality Human Resources to Start a New Journey" and focuses on creating an open, integrated, innovative, and win-win platform for the human resources service industry [1]. - Compared to the first competition, this edition has made comprehensive upgrades in event mechanisms, project selection, and ecosystem construction [2]. Group 2: Industry Context - The Guangdong-Hong Kong-Macao Greater Bay Area is one of the most open and economically vibrant regions in China, with a growing demand for high-quality human resources due to ongoing industrial upgrades [1]. - The human resources service industry is experiencing unprecedented development opportunities in this context [1]. Group 3: Competition Structure - The competition emphasizes three dimensions: technological content, value content, and brand content, focusing on cutting-edge areas such as artificial intelligence, digital transformation, and cross-border services [1]. - The competition aims to discover groundbreaking projects in the human resources service sector and promote precise connections between projects and capital, markets, and policies to accelerate results transformation and industrial implementation [1]. Group 4: Evaluation and Participation - The competition introduces a new evaluation system based on innovation, encouraging disruptive innovation and identifying industry benchmark projects [2]. - In addition to the competition, there will be activities for industry results display and human resources supply-demand negotiations, providing a comprehensive platform for creative collisions, resource sharing, and win-win cooperation [2]. - The registration period for the competition runs from June 13 to July 25, with teams able to register through specified channels [2].