为什么越来越多的企业开始选择灵活用工这一新型用工模式？ 灵活用工市场规模逐年扩大，越来越多的企业通过选择灵活用工模式来增强竞争优势。据24年发布《中国企业灵活用工全景路线图研究》调研数据显示，高 达83.3％的参调企业都表示有灵活用工需求，73.2％的企业已在使用灵活用工。 ①降低用人成本、规避风险。企业根据不同的岗位需求，通过与善世集团等人力资源服务商合作，支付服务费用，便可实现员工的即招即用，大大减少在人 员招聘、选拔等过程中的成本支出，还可规避员工日常人事、薪酬待遇等人力资源管理所面临的用人风险、劳动纠纷。 ③应对企业内部编制缩减与管控。国企、外企等企业正面临正式员工编制满额而申请困难的问题，灵活用工不占用编制名额，成为众多企业用人新趋势。许 多大型企业选择通过与善世集团合作，获得为其深度定制的、垂直的人力资源解决方案。 ④针对非核心岗位，灵活用工为企业提供高质高效的服务交付。对于前台、秘书助理等职场白领岗位，企业招聘需求少、频率低。面向这些非核心、通用型 岗位，善世集团承接"员工招聘+劳动关系+劳动风险管理"所有人力资源工作，向企业输送经过严格筛选、专业培训且与岗位需求精准匹配的人才，同时提 供员工的 ...

伦敦时间6月10日，"文明对话国际日"，《奔流》第二季伦敦场系列活动启动仪式暨伦敦论坛将在泰晤 士河畔的怀特霍尔厅举办。中英两国的专家学者与产业领袖将齐聚一堂，聚焦上海与伦敦的可持续发展 前景，共话滨水空间的未来想象。 伦敦论坛以"零碳水岸"为主题，分设主旨演讲与两场圆桌对话。在主旨演讲环节，中国工业设计协会副 会长、上海工程技术大学校长、英国皇家艺术学院荣誉博士娄永琪，英国皇家艺术学院首席执行官兼校 长克里斯多夫·林德纳（Christoph Lindner），以及Social Place联合创始人、前伦敦政治经济学院城市计 划研究员朱莉娅·金（Julia King）将从双城母亲河出发，从可持续跃迁、创意共生、社区共享与韧性未 来等角度畅谈水岸更新如何激发城市创新活力。 圆桌环节围绕金融与创意创新设置两场专题对话。著名财经作家吴晨、浦发银行伦敦分行行长李舸、彭 博欧洲区政府事务负责人萨利安·泰勒（Sallianne Taylor）、安永合伙人马库斯·理查兹（Marcus Richards）、全球商务区创新联合会代表朱莉娅·索罗多瓦（Julia Solodova）、WPP旗下朗涛全球首席创 意官蒂穆·苏维亚拉（ ...

Group 1 - The core viewpoint of the articles highlights the performance and valuation of Keri International, which closed at 27.1 yuan, down 3.73%, with a rolling PE ratio of 23.97 times and a total market value of 5.333 billion yuan [1][2] - Keri International ranks 15th in the professional services industry, which has an average PE ratio of 55.91 times and a median of 34.44 times [1][2] - As of the first quarter of 2025, 55 institutions hold shares in Keri International, including 49 funds, with a total holding of 110.6528 million shares valued at 3.829 billion yuan [1] Group 2 - Keri International specializes in providing comprehensive human resource service solutions, including high-end talent search, recruitment process outsourcing, flexible employment, and technical services [1] - The company has received several awards, including the Best Global Human Resource Service Provider Award for 2024 and recognition as one of the Top 100 Private Enterprises in Beijing [1] - In the latest financial report for the first quarter of 2025, Keri International achieved an operating income 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]

人力资源服务机构深耕人力资源市场，有助于保障先进制造业招聘用工。对此，《措施》提出，支持人 力资源服务机构与制造业产业链上下游企业、产业组织、工业园区、先进制造业集群等建立常态化招聘 用工合作机制，促进用工余缺调剂，破解季节性、结构性缺工难题，为制造业企业提供稳定的用工保 障。 加强人力资源服务机构自身建设，服务就业大局也是本次措施制定的关注重点。例如，《措施》提出要 支持符合条件的人力资源服务机构按规定申请认定为科技和创新型中小企业、专精特新中小企业、高新 技术企业和技术先进型服务企业，设立博士后科研工作站或创新实践基地。 《措施》要求，按照"政府鼓励、企业自主、互利共赢"的原则组建创新联合体，拓展制造业企业与人力 资源服务机构协同发展路径，引导高校、科研院所、技师学院、金融机构、行业协会等社会力量深度参 与，构建灵活多元、多方参与、资源共享的合作模式。珠三角各市组建3个及以上创新联合体，粤东粤 西粤北各市组建1个及以上创新联合体。 在制造业人力资源市场环境优化方面，《措施》要求开展清理整顿人力资源市场秩序专项行动，坚持抓 典型、真整顿、严处理、强震慑，保持打击违法违规行为的高压态势，以"零容忍"态度猛药去 ...

行 业 及 产 业 社会服务 行 业 研 究 / 行 业 点 评 本研究报告仅通过邮件提供给 中庚基金 使用。1 2025 年 06 月 08 日 复古魅力下的新潮流：撕拉片与 "人生四格" 看好 ——社会服务行业周报（6.2-6.6） 相关研究 《音乐节经济与民俗 IP 驱动假期客流增长 ——社会服务行业周报（05.19-05.23）》 2025/05/25 证券分析师 赵令伊 A0230518100003 zhaoly2@swsresearch.com 研究支持 杨光 A0230524100004 yangguang@swsresearch.com 联系人 杨光 (8621)23297818× yangguang@swsresearch.com 本期投资提示： 请务必仔细阅读正文之后的各项信息披露与声明 证 券 研 究 报 告 ⚫ 近日撕拉片突然翻红，价格暴涨，稀缺营销+明星效应+复古仪式感让它成为 摄影界新宠。作为撕拉片生产的主力大户，宝丽来和富士两家公司的撕拉片相 纸均已停产。据国际影像材料协会 2025 年 Q1 报告，全球撕拉片相纸库存总 量已不足 50 万盒。供需关系的急剧失衡，直接导致了撕拉片 ...

Financial Performance - Quantum Song reported FY2025 Q3 revenue of 571 million RMB, a year-on-year decrease of 39.6%[1] - The net profit attributable to the parent company was 41.145 million RMB, an increase of 181.2% year-on-year[1] - The company completed a 61% stake acquisition of Letsvan for a total cash consideration of 235 million RMB[1] Business Segments - Personal online learning services generated 467 million RMB in revenue, down 43.6% year-on-year, primarily due to declines in skill enhancement and financial knowledge courses[10] - Consumer business revenue was 48.7 million RMB, a slight decrease of 1.4%, offset by a small increase in health product sales[10] - Other business segments saw a revenue increase of 123.3%, totaling 6.7 million RMB, driven by new business initiatives[10] Market Trends - The acquisition of Letsvan marked the highest annual financing record in China's trendy toy industry, with Letsvan owning 10 free IPs, including the popular WAKUKU[2] - The WAKUKU brand achieved significant market traction, with a new product selling out in 2 hours and driving a 90.3% increase in store sales[2] - Kuaishou's Keling AI reached an annualized revenue run rate of over 1 billion RMB within 10 months of launch, with monthly paid amounts exceeding 100 million RMB for two consecutive months[3] Investment Insights - The "AI+" strategy is expected to catalyze valuation optimization in Hong Kong stocks, stabilizing the positions of new industry leaders amid changing consumer dynamics[5] - Key beneficiaries in the internet and technology sectors include Alibaba, Tencent, Kuaishou, and Meituan, while domestic consumption beneficiaries include brands like MOGU and Haidilao[5] Risks - Potential risks include macroeconomic fluctuations, intensified industry competition, and the uncertain effectiveness of AI applications[6]

证券研究报告|投资策略周报 [Table_Date] 2025 年 06 月 08 日 [Table_Title] 量子之歌发布 FY2025Q3 财报，快手可灵 AI 上线一周年 [Table_Title2] 海外周报 [Table_Summary] 核心结论: ► 量子之歌发布 FY2025Q3 财报：迈入新消费赛道， 构筑 IP+产品+零售的成长新引擎 事件：量子之歌发布 2025 财年 Q3 财报，公司实现营业收 入 5.71 亿元/同比-39.6%，归母净利润 4114.5 万元/同比 +181.2%，完成对 Letsvan 61%股权的控股并购，交易现金 总对价 2.35 亿元。 潮玩业务快速起势，IP 驱动消费破圈。量子之歌今年 3月 以 2.35 亿元完成对 Letsvan 的并购，交易创下中国潮玩行 业一级市场年度最高融资纪录，正式进军潮玩赛道。 Letsvan 目前拥有 10 个自由 IP，旗下核心 IP WAKUKU 展现 强劲市场号召力，3 月推出新品"胖哒哒"发售后 2 小时 售罄，带动门店销量环比增长 90.3%，创北京合作门店历 史第二高单日销量；5 月上线的"狐狐兔兔爱捣蛋"系 ...

Group 1 - Suzhou has introduced three major initiatives to support young talent and new employment forms, including a direct recruitment program for college graduates, local employment service stations, and a talent station for job seekers [1] - The "Stay in Suzhou" recruitment initiative aims to create a comprehensive recruitment service system with frequent job fairs and recruitment events, targeting the 2025 college graduates [1] - Since 2022, Suzhou has established 348 local employment service stations, helping nearly 10,000 individuals from key groups find jobs [1] Group 2 - The "Suzhou Youth Station" project provides up to 14 days of free accommodation for job-seeking youth, along with employment guidance and integration services, having served 20,000 young people so far [2] - Suzhou has developed an online job portal on the "Suzhou Dao" app, featuring a "Find Gig" section that matches local gig jobs, ensuring transparency and reliability in income [2]

Core Viewpoint - The Ministry of Human Resources and Social Security announced a pilot program in approximately 30 cities to promote the integration of human resources services and manufacturing industries, aiming to explore new paths for industrial upgrading and employment promotion [1][2]. Group 1: Pilot Program Objectives - The pilot program aims to cultivate specialized human resources service institutions for the manufacturing sector, develop platforms and joint entities, and innovate human resources service technologies, products, and models to support high-quality development in manufacturing [2][3]. - The initiative seeks to establish a policy framework that promotes deep collaboration between human resources and the real economy, as well as technological innovation [2][3]. Group 2: Implementation Mechanisms - The pilot will explore mechanisms to enhance the integration of human resources services with manufacturing, including the establishment of a comprehensive policy system that coordinates employment, industry, finance, and land support [3]. - A statistical and monitoring system tailored to the characteristics of integrated development will be developed [3]. Group 3: Innovation in Development Scenarios - The program will focus on creating integrated development carriers, such as recruitment coalitions and cross-enterprise training centers, to support labor utilization and the cultivation of new productive forces in manufacturing [4]. - It will also promote the extension of human resources services into higher value chains within manufacturing, leveraging artificial intelligence applications and enhancing business cooperation [4]. Group 4: Timeline and Organization - By July 18, provincial human resources departments will recommend cities willing to undertake pilot tasks, with expert evaluations to select the final cities by September [5]. - The selected pilot cities are required to develop and publish implementation plans for the integration of human resources services and manufacturing by the end of September [5].

阳台山 图源：深圳新闻网 ● 2024年深圳市"十大体育赛事活动"授牌仪式在深圳市体育中心体育馆举行，宝安共有3项赛事入围三项榜单，成就"大满贯"。 ● 近日，宝安人才工作者赴东莞开展学习交流活动，学习东莞市在人才服务、人才阵地建设等方面的成功经验，推动宝安区人才工作及"1+10"人才阵地建 设。 ● 今天10:00！宝安区电子消费券开抢！ ● 六月，你的工资或多两笔钱！ ● 近日，区领导到新安街道走访调研企业，了解企业发展情况，并要求各有关部门积极对接企业需求，以更优服务助力企业在宝安做大做强。 ● 多家优质宝安企业携明星产品及应用解决方案亮相国内外行业盛会！ ● 世界汉学大会将首次在深圳宝安举办！ ● 速来投稿！"发现身边美好"文明实践活动聚焦"住得舒心"视角，期待你的热情参与，一起展现宝安宜居之美。 ● 今天下午，宝安区12个高考考点面向考生开放！ ● 2025年宝安区小学一年级、初中一年级新生网上报名将于6月7日开始。 ● 宝安区2025年秋季学期幼儿园招生工作开始啦！宝安区幼儿园招生系统操作指引。 ● 近日，由宝安团区委与区教育局联合主办的"Ai心启航·智护成长"湾区青少年心理健康科技节在宝安青少年 ...