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6919 — Renrui Human Resources Technology Holdings News Story

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China's Renrui HR half-year revenue, profit rise on digital tech & cloud strength

China's Renrui HR half-year revenue, profit rise on digital tech & cloud strength


Overview

  • China HR services provider's interim revenue for six months to June 30 grew 13.1% yr/yr

  • Adjusted profit attributable to equity holders rose 41.7% yr/yr

  • Company saw stable growth across business lines, led by digital tech and cloud services


Outlook

  • Company highlights ongoing demand for digital technology and cloud services staffing

  • Company plans to expand human resources services for Chinese enterprises going global


Result Drivers

  • DIGITAL TECH AND CLOUD SERVICES - Co said revenue from digital technology and cloud services grew 24.8% yr/yr, driven by demand for IT talent and AI-related transformation

  • DIGITAL OPERATION AND CUSTOMER SERVICE - Revenue from digital operation and customer service rose 22.7% yr/yr, supported by offshore projects and cross-border e-commerce

  • GENERAL SERVICE OUTSOURCING - Revenue from general service outsourcing grew 6.7% yr/yr, but demand for flexible staffing in general positions declined among certain domestic clients


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Revenue

RMB 2.95 bln


Reuters Recommended Reads

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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