年度最佳猎头机构 12月18日，由第一资源主办的2025人力资源战略管理年会（第十八届）暨2025人力资源先锋评选颁奖（第十七届）在上海隆重举办。在此次评选中，一合人 力集团再次荣膺"年度最佳猎头机构"，成功蝉联这一奖项。 面对快速变化的市场环境，一合人力集团始终秉持"诚信、专业、共赢"的理念，通过模式创新与业务深耕，不断优化人才寻猎效率与精准度，为企业提供覆 盖全链条的定制化人力资源解决方案。 更值得庆贺的是，董文莹女士在本次评选中荣获 "2025人力资源服务业年度十大人物" 称号。 该奖项由第一资源联合行业人力资源管理专家、学术专家及资深媒体人共同推选，旨在表彰对中国人力资源服务业做出杰出贡献、具有卓越能力与创新表现 的领军人物。 这一荣誉不仅是对董文莹女士个人领导力与行业影响力的高度认可，也是对其带领一合人力集团持续推动行业创新发展所取得成就的充分肯定。 荣誉双至，责任在肩 以专业与创新，共筑行业未来。 多年的积累使我们与众多知名企业建立起长期稳定的战略合作，在行业内树立了扎实口碑。此次蝉联荣誉，既是对过往努力的认可，也将激励我们继续前 行，为行业发展贡献更多价值。 领航者风采 本次大会上，一合人力集团 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company has shown significant revenue and profit growth, with a focus on AI technology expanding its business potential [9] - The domestic recruitment market is expected to experience a structural recovery driven by industry upgrades, which will accelerate the company's revenue growth [9] Financial Performance Summary - Total revenue for 2023 is projected at 9,778 million RMB, with a year-on-year growth of 7.55%. This is expected to increase to 11,788 million RMB in 2024, representing a growth of 20.55% [1] - The net profit attributable to the parent company is forecasted to be 200.50 million RMB in 2023, with a significant decline of 31.05%. However, it is expected to recover to 205.35 million RMB in 2024, showing a growth of 2.42% [1] - The earnings per share (EPS) is estimated to be 1.02 RMB for 2023, increasing to 1.04 RMB in 2024 and further to 1.36 RMB in 2025 [1] Business Segment Analysis - The flexible employment segment generated revenue of 67.36 billion RMB in the first half of 2025, reflecting a year-on-year increase of 29.3%. The high-end talent search segment saw a slight decline in revenue [9] - AI technology is driving significant growth in business metrics, with a notable increase in the number of positions delivered through AI applications [9] Valuation Metrics - The projected price-to-earnings (P/E) ratios for 2025, 2026, and 2027 are 24, 20, and 18 respectively, indicating a favorable valuation outlook [9]