Group 1: Market Overview - The domestic recruitment market has shown signs of recovery this year, with strong growth in emerging industries and a continuous increase in demand for positions related to technological innovation [1] - In the first quarter, China's GDP grew by 5.4% year-on-year, indicating a stable overall employment situation, with an average urban survey unemployment rate of 5.3% [1] - The manufacturing sector has seen a rebound in employment, with job numbers increasing year-on-year due to large-scale equipment updates and policies promoting the replacement of consumer goods [1] Group 2: Company Performance - In the first quarter, the company achieved revenue of 3.302 billion yuan, a year-on-year increase of 25%, and a net profit attributable to shareholders of 57.78 million yuan, up 42% [1] - The company expects a revenue of 11.788 billion yuan in 2024, with a growth rate exceeding 20%, particularly noting a significant increase of over 28% in its mainland China business [1] Group 3: Employment Trends - The transformation and upgrading of the manufacturing industry are creating more high-quality job opportunities, leading to increased demand for technical talent [2] - Job postings for mechanical engineers and automation engineers in industrial automation grew by 40% and 10% year-on-year, respectively, while demand for robotics algorithm engineers increased by 36% [2] - The company is focusing on high-end positions in strategic emerging industries such as semiconductors, intelligent manufacturing, and artificial intelligence [2] Group 4: International Business - The company anticipates a decline in revenue from overseas markets in 2024 due to various economic factors, but sees opportunities as Chinese companies expand internationally [3] - The company has established branches in nine countries, including the UK, US, and Germany, focusing on life sciences, high technology, and finance [3] - The company aims to provide customized talent solutions for Chinese enterprises venturing abroad, leveraging its global service network [3]

Core Viewpoint - The company, Core International, reported significant growth in both total revenue and net profit for the fiscal year 2024 and the first quarter of 2025, indicating a positive business recovery trend. Financial Performance - In 2024, the company achieved total revenue of 11.788 billion yuan, representing a year-on-year increase of 20.55% [1] - For the first quarter of 2025, the company reported revenue of 3.303 billion yuan, with a year-on-year growth of 25.13% [1] Business Growth and Talent Supply Chain - The demand for positions in emerging industries such as artificial intelligence, low-altitude economy, humanoid robots, and new energy continues to grow [2] - The company is leveraging a diversified product and solution strategy, including mid-to-high-end headhunting and independent consulting, to build a robust talent supply chain [2] - Revenue from the company's mainland China operations reached 9.490 billion yuan, up 28.67% year-on-year, with offline business revenue increasing by 20.44% [2] - The flexible employment business saw a revenue increase of 22.42%, while recruitment-related business is recovering steadily [2] Technological Advancements - The company invested 169 million yuan in technology in 2024, with new technology business revenue growing by 44.18% year-on-year [3] - The integration of advanced technologies such as Agentic, RAG, and reinforcement learning has improved AI matching capabilities in recruitment scenarios [3] - The company's human resources interconnection platform, He Wa, underwent a comprehensive reconstruction, significantly enhancing project delivery efficiency and achieving substantial business growth [3] - By the end of the reporting period, the He Wa ecosystem had over 15,500 registered partners, reflecting a year-on-year growth of 20.09% [3] International Expansion and Support for Chinese Enterprises - As Chinese enterprises enter a new phase of "brand going global" and "chain going global," the company is expanding its overseas business footprint [4] - The company provides a range of human resource services, supporting various sectors such as finance, automotive, healthcare, high-tech, and smart terminals in their talent supply chain development [4] - The company aims to strengthen the talent strategy foundation for enterprises in the new productivity era while embracing the AI technology revolution [4]