9月1日，灵活用工服务商人瑞人才（06919.HK）公布了2025年上半年业绩报告。报告期内，该公司实 现营收26.0亿元，同比增长26.6%；经调整归母净利润约0.5亿元，同比增长58.9%。 在财报沟通会议上，人瑞人才创始人、行政总裁张建国首次向《中国经营报》等媒体记者披露了该公司 的"出海"规划：去年已布局12个国家和地区，派出国家经理搭建了本地化团队，到今年上半年，已完成 21个国家与地区的布局，覆盖欧洲、东南亚、美洲，2025年海外业务的整体目标是实现单一国家外包规 模1000人以上，建立中亚数字化运营及客服中心；到2026年将完善全球布局，以东南亚地区作为重点发 展区域，同时加强中国香港、日本市场的本地化服务深度。 针对财报数据中反映的今年上半年国内人力资源市场趋势，以及人瑞人才"出海"战略的具体细节，张建 国在接受记者采访时做出了正面回应。 财报披露，人瑞人才在今年上半年的"人均效能"创下新高，人均净利润同比增长34.5%。需要指出的 是，"人均效能"是指单位人力资源投入所获得的经济回报，即人力资本的"投入产出比"，本质是衡量人 力资源投入与经营产出之间关系的核心指标，近年来在企业"降本增效"的 ...

Core Insights - The company, Renrui Talent Technology Holdings Limited, reported a revenue of approximately 2.6 billion RMB for the first half of 2025, representing a year-on-year growth of 26.6% [1] - The adjusted net profit attributable to shareholders reached approximately 50 million RMB, showing a significant increase of 58.9% compared to the previous year [1] Revenue Breakdown - General outsourcing services generated approximately 1.69 billion RMB, a year-on-year increase of 22.7% [3] - Digital technology and cloud services achieved revenue of about 750 million RMB, reflecting a growth of 43.0% [3] - Digital operations and customer service contributed approximately 150 million RMB, with an increase of 11.4% [3] Employee Growth - The number of employees in flexible staffing services increased from 33,766 to 38,868, marking a growth of approximately 15.1% [3] - The average number of internal employees was 1,031, slightly down from 1,040 in the previous year [7] Profitability Metrics - The average adjusted profit per employee was 44,800 RMB, up from 33,300 RMB, indicating a year-on-year growth of 34.5% [7][8] - The gross profit from digital technology and cloud services accounted for approximately 43.0% of the company's overall gross profit, surpassing that of general outsourcing services [9] Strategic Focus - The company is focusing on digital talent and flexible staffing in sectors such as new energy vehicles, internet, and smart manufacturing to drive its second growth curve [4] - Renrui Talent is actively pursuing global expansion, having established subsidiaries in 21 countries and regions by June 30, 2025 [10] Technological Advancements - The company has enhanced its integrated human resources ecosystem by incorporating AI technology for contract review processes, significantly improving efficiency [5][6] - The implementation of OCR technology has also improved the initial screening efficiency of candidate resumes [6] Global Expansion - Renrui Talent aims to support Chinese enterprises in their internationalization efforts, with a focus on providing comprehensive flexible staffing and professional recruitment services [10][12] - The international business has seen rapid growth, with approximately 2,318 employees in flexible staffing roles as of August 28, 2025 [12]

Core Viewpoint - The company, Renrui Talent Technology Holdings Limited, reported strong financial performance for the first half of 2025, with significant growth in revenue and adjusted net profit, driven by an increase in the number of employees in flexible staffing services [1][2]. Financial Performance - For the first half of 2025, the company achieved revenue of approximately 2.6 billion yuan, representing a year-on-year increase of 26.6% [1]. - Gross profit was about 190 million yuan, up 11.1% year-on-year [1]. - Adjusted net profit attributable to shareholders was around 50 million yuan, reflecting a substantial year-on-year growth of 58.9% [1]. - Revenue growth was observed across all business lines, with general outsourcing services generating approximately 1.69 billion yuan (up 22.7%), digital technology and cloud services at about 750 million yuan (up 43.0%), and digital operations and customer service at around 150 million yuan (up 11.4%) [1]. Business Expansion - The company has established subsidiaries in 21 countries and regions to support Chinese enterprises' global expansion [2]. - Renrui Talent's international services include comprehensive flexible staffing, professional recruitment, and work visa processing [2]. - The company has seen rapid growth in its international business, with the number of flexible staffing personnel reaching approximately 2,318 by August 28, 2025 [2]. Future Outlook - The company aims to consolidate its leading position in the domestic human resources market while focusing on digital talent needs in sectors such as new energy vehicles, the internet, and smart manufacturing [3]. - Plans include enhancing the integrated human resources ecosystem to improve recruitment efficiency and service quality [3]. - The company will accelerate its overseas business development to increase international revenue contributions and achieve sustainable growth [3].