Core Insights - Beisen Holdings (09669) saw a nearly 10% intraday increase, closing up 6.29% at HKD 7.6, with a trading volume of HKD 9.8969 million [1] Financial Performance - For the interim results ending September, Beisen Holdings reported total revenue of RMB 516 million, representing a year-on-year growth of 18.2% [1] - Adjusted EBITDA was recorded at RMB 39.3 million [1] Business Drivers - The revenue growth was primarily driven by the robust performance of the core cloud-based HCM solutions and the rapid commercialization of AI product offerings [1] - New contract signings exceeded RMB 26 million [1] Product Development - CICC highlighted the launch of Beisen's new AI Family 2.0 product, which includes 10 AI Agents covering over 50 HR business scenarios [1] - Management indicated that with the accelerated penetration of flagship products like AI Interviewer and AI Leadership Coach, new contract signings for AI-related products are expected to exceed RMB 60 million in FY2026 [1] - By FY2027, AI-related products are anticipated to contribute 5%-10% of total revenue, with ongoing improvements expected [1]

Core Viewpoint - Beisen Holdings (09669) has shown a significant stock price increase, with a rise of nearly 10% during trading, currently up by 6.29% at HKD 7.6, with a trading volume of HKD 9.8969 million [1] Financial Performance - For the six months ending September, Beisen Holdings reported total revenue of RMB 516 million, representing a year-on-year growth of 18.2% [1] - The adjusted EBITDA for the company was RMB 39.3 million [1] Product Development and Market Strategy - The revenue growth is primarily attributed to the robust performance of its core cloud-based HCM solutions and the rapid commercialization of its AI product family, with new contract signings exceeding RMB 26 million [1] - CICC highlighted the launch of Beisen's new AI Family 2.0 product, which includes 10 AI Agents covering over 50 HR business scenarios [1] Future Outlook - Management indicated that with the accelerated penetration of flagship products like the AI Interviewer and AI Leadership Coach, new contract signings for AI-related products are expected to exceed RMB 60 million in the fiscal year 2026 [1] - By fiscal year 2027, AI-related products are projected to contribute 5%-10% of total revenue, with continuous growth anticipated [1]