Core Viewpoint - The company reported a decrease in revenue and gross profit for the first half of 2025 compared to the same period in 2024, but achieved a significant increase in net profit and adjusted operating profit, indicating a focus on efficiency and strategic adjustments in response to market conditions [1][2]. Financial Performance - Revenue for the six months ended June 30, 2025, was 937 million, a decrease of 7.6% from 1,015 million in the same period of 2024 [1] - Gross profit was 728 million, down 8.1% from 792 million year-on-year [1] - Net profit increased to 103 million, up 55.8% from 66 million in 2024 [1] - Profit attributable to equity shareholders rose to 80.3 million, a 77.1% increase from 45.3 million in the previous year [1] - Non-GAAP operating profit was 125 million, an increase of 32.7% from 94 million year-on-year [1] Market Dynamics - The management noted that despite stable overall economic conditions, recruitment demand remains at a low point due to international influences [1] - There is a persistent structural imbalance in the recruitment market, particularly for talent in AI, hard technology, and semiconductors, which are highly sought after by companies [1] - The company is actively utilizing AI technology to enhance recruitment efficiency and has launched AI products covering key recruitment stages to meet dynamic enterprise needs [1] User Metrics - The cumulative registered personal users reached 111.4 million, reflecting a year-on-year growth of 10.52% [2] - The number of personal paying users decreased to 47,581, down 12.01% [2] - The cumulative verified enterprise users reached 1,434,168, a year-on-year increase of 4.84%, while the number of paying enterprise clients slightly decreased to 62,916, down 0.88% [2] - The company is undergoing technological upgrades and market strategy adjustments across various business sectors to adapt to market changes [2]