证券代码：300662 证券简称：科锐国际 公告编号：2025-051 北京科锐国际人力资源股份有限公司 关于部分董事、高级管理人员及原监事股份减持计划时间届满暨减持 股份结果的公告 公司董事兼副总经理王震、副总经理陈崧、副总经理曾诚、副总经理段立新、 财务总监尤婷婷、原监事孙满娟保证向本公司提供的信息内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 北京科锐国际人力资源股份有限公司（以下简称"公司"）于 2025 年 6 月 6 日披露了《关于部分董事监事高管减持股份的预披露公告》（公告编号： 2025-29），根据公告内容，公司董事兼副总经理王震、原监事孙满娟、副总经 理陈崧、副总经理曾诚、副总经理段立新计划自 2025 年 6 月 30 日至 2025 年 9 月 27 日止，减持不超过 661,550 股公司股份，占公司总股本比例 0.3361%。 公司于 2025 年 6 月 18 日披露了《关于控股股东及部分高管计划减持股份的 预披露公告》（公告编号：2025-34），根据公告内容，公司财务总监尤婷婷计 划自 2025 ...

Market Overview - On September 29, the professional services sector rose by 0.42% compared to the previous trading day, with Zhonggang Tianyuan leading the gains [1] - The Shanghai Composite Index closed at 3862.53, up 0.9%, while the Shenzhen Component Index closed at 13479.43, up 2.05% [1] Stock Performance - Zhonggang Tianyuan (002057) closed at 10.85, with a gain of 3.14% and a trading volume of 237,800 shares, amounting to a transaction value of 256 million yuan [1] - Lihua Kechuang (002243) closed at 9.60, up 2.45%, with a trading volume of 543,600 shares and a transaction value of 521 million yuan [1] - Other notable performers include: - Jianyan Institute (603183) at 4.39, up 1.86% [1] - Guangdong Jianke (301632) at 29.36, up 1.66% [1] - Lansheng Co., Ltd. (600826) at 10.35, up 1.47% [1] Fund Flow Analysis - The professional services sector saw a net inflow of 11.43 million yuan from institutional investors, while retail investors experienced a net outflow of 20.59 million yuan [2] - Key stocks with significant fund flows include: - Lihua Kechuang with a net inflow of 38.91 million yuan from institutional investors [3] - Zhonggang Tianyuan with a net inflow of 29.77 million yuan from institutional investors [3] - Guangdong Jianke with a net inflow of 11.26 million yuan from institutional investors [3]

Core Insights - The talent market is experiencing a dual trend of overall contraction and structural shortages, with high-tech and new energy sectors being the core areas for talent competition [1][12] - Companies are increasingly focusing on practical skills and cross-domain adaptability in their talent selection processes [2][24] - The demand for talent is highly differentiated across core industries, with significant salary variations based on skill scarcity and industry needs [1][2] Talent Demand Trends - In the AI sector, talent competition is fierce, with salaries for roles like large model algorithm engineers reaching between 500,000 to 2,000,000 CNY [1][12] - The semiconductor industry is focusing on chip design and manufacturing, with SoC system architects earning up to 2,500,000 CNY [1][12] - The new energy and electric vehicle sectors are seeing significant demand for roles in system integration and intelligent driving algorithms, with AI chip R&D directors earning between 2,000,000 to 3,000,000 CNY [1][12] Regional Talent Market Dynamics - The Greater Bay Area is emphasizing smart terminals and digital transformation, with high demand for machine learning engineers and overseas GTM managers [2][19] - The Jiangsu-Zhejiang region is accelerating digitalization in manufacturing, leading to a notable shortage of semiconductor process experts and supply chain directors [2][19] - The Chengdu-Chongqing region is leveraging biomedicine and high-tech industries, with strong salary competitiveness for BD directors and analog IC design engineers [2][19] Talent Selection and Compensation Strategies - Companies are shifting from "basic fit" to "perfect fit" in talent selection, emphasizing AI application skills and project execution experience [2][24] - Salary increases vary by industry, with scarce technical roles seeing jump rates of 20-30%, while general functional roles experience flat or modest growth [2][24] - Leading companies are offering long-term incentives such as equity to attract core talent [2][24] Global Talent Demand - Chinese companies are transitioning from "product export" to "brand export," increasing the demand for overseas talent across various sectors [2][21] - Roles in overseas clinical operations and factory management in the new energy sector are expanding, with salaries for local resource and cross-cultural communication talents being 10-40% higher than domestic counterparts [2][21] Stability and Career Considerations - Talent mobility is becoming more rational, with stability and company growth prospects being primary considerations for job seekers [3][24] - Future market advantages will favor composite talents with technical depth, industry verticality, and global perspectives [3][24]

Group 1 - The core point of the article is that as of September 20, 2025, the total number of shareholders for the company is 13,041 [2]

Group 1 - The company actively responds to national strategies and market demands in school-enterprise cooperation [1] - The company continues to deepen the integration of industry and education, focusing on strategic emerging industries [1] - The company implements customized training programs to connect talent sources and collaborates with universities for targeted talent delivery [1]

Core Viewpoint - The stock price of Core International has shown a significant increase of 45.74% year-to-date, despite a recent decline in the last five and twenty trading days [1][2]. Financial Performance - For the period from January to June 2025, Core International reported a revenue of 7.075 billion yuan, representing a year-on-year growth of 27.67%. The net profit attributable to shareholders was 127 million yuan, reflecting a growth of 46.96% [2]. Shareholder Information - As of September 10, 2025, the number of shareholders for Core International decreased by 1.67% to 12,800, while the average circulating shares per person increased by 1.70% to 15,288 shares [2]. - The company has distributed a total of 199 million yuan in dividends since its A-share listing, with 70.26 million yuan distributed over the past three years [3]. Institutional Holdings - As of June 30, 2025, notable institutional shareholders include: - Xingquan Commercial Model Mixed Fund (LOF) A, holding 5.9338 million shares, an increase of 642,600 shares from the previous period - Xingquan Helun Mixed Fund A, holding 5.6187 million shares, an increase of 1.5794 million shares - New institutional shareholder, Guangfa Electronic Information Media Stock A, holding 3.8927 million shares [3].

每经AI快讯，有投资者在投资者互动平台提问：请问公司内测中的Agent产品预计何时正式落地？其自 主决策能力将如何提升高端岗位交付效率？ 科锐国际（300662.SZ）9月23日在投资者互动平台表示，公司Agent正在开展内测工作，目前已经开始 在精确计算场景和寻访场景中应用。后续进展详细情况请您关注公司定期报告、官网、公众号、视频号 等官方渠道发布内容。 （记者 王晓波） ...

Core Insights - The company's performance has improved as expected, driven by new user expansion and efficient cost control [1] - The technology platform continues to show an accelerating growth trend [1] Financial Performance - The company reported a revenue of 7.075 billion (+27.67%) and a net profit attributable to shareholders of 127 million (+46.96%) for the first half of 2025 [2] - In Q2 2025, the revenue reached 3.772 billion (+30%), with a net profit of 69 million (+51.26%) [2] - The adjusted net profit (excluding non-recurring items) for Q2 was 50.23 million (+20.98%) [2] Business Segments - Revenue growth in Q2 2025 accelerated on a quarter-on-quarter basis, driven by seasonal factors and active new customer acquisition [3] - Breakdown of business segments showed flexible employment grew by 29%, while headhunting declined by 1.18%, and technology services increased by 48% [3] Cost Management - Gross margin experienced a structural decline of 1.52 percentage points, but cost control measures were effective, with sales expense ratio down by 0.26 percentage points and management expenses down by 0.88 percentage points [3] - The second quarter did not include any government-related project income, contrasting with 51.8 million in Q1, but other income increased by approximately 23 million, mainly from government subsidies [3] International Performance - Overseas revenue and performance showed significant improvement, with revenue turning positive and gross margin increasing year-on-year [4] - The technology platform business maintained a high growth momentum, with revenue growth of 48% [4] - Key metrics for the platform included a 35% increase in registered partners, 111% in registered delivery consultants, and 144% in high-end operational positions [4] Market Outlook - The company's performance aligns with market expectations, enhancing the certainty of this year's earnings [4] - The ongoing improvement in the platform's data indicates a positive trend, contributing significantly to the valuation of the technology platform [4]

国盛证券研报指出，科锐国际是人服行业领军企业，在"一体两翼"基本战略指引下，形成"技术+服务 +平台"的产品生态模式。2024年，公司实现营收117.9亿元/同比+20.5%，归母净利润2.1亿元/同比 +2.4%，其中，灵活用工单业务营收占比达到94.5%。公司股权稳定，管理层经验丰富，通过限制性股 票激励计划实现核心团队长期激励。公司通过收并购持续拓展招聘、灵活用工等线下业务和国际化布 局，持续注重技术投入，建立自有AI大模型，并赋能产业互联平台禾蛙，现已形成技术+服务+平台的 全产业链生态模式。公司中高端人才访寻、招聘流程外包和灵活用工三大线下业务基础扎实，智能化、 生态化、国际化已具壁垒，预计公司2025-2027年实现营收150.9/189.3/228.2亿元，归母净利润3.0/3.7/4.3 亿元，当前股价对应PE20.1x/16.4x/13.9x。参考A股和港股同类型公司估值及公司上市以来历史估值， 认为公司当前估值仍具提升空间，首次覆盖，给予"买入"评级。 ...

Core Viewpoint - The company, a leading player in the human resources service industry, has established a "technology + service + platform" ecosystem, achieving significant revenue growth and profitability in 2024 [1][4]. Company Overview - Founded in 1996, the company started with headhunting and has since expanded through rapid mergers and acquisitions, evolving through three stages: internationalization, digitization, and ecological development [1]. - In 2024, the company achieved a revenue of 11.79 billion yuan, a year-on-year increase of 20.5%, and a net profit attributable to shareholders of 210 million yuan, a year-on-year increase of 2.4% [1]. Industry Insights - The human resources service industry has a broad classification, with the market size exceeding 3 trillion yuan in 2023. The three main segments are recruitment services (13.1%), human resource outsourcing services (77.0%), and HR software and consulting training (9.9%) [2]. - The outsourcing service segment is rapidly growing, reaching 2.13 trillion yuan in 2023, driven by new employment forms, compliance needs, and high-value transformation [2]. - The penetration rate of flexible employment is steadily increasing, with room for improvement compared to international levels [2]. Business Model and Growth - The company has a solid offline business foundation, with over 10 million candidate profiles accumulated since 2018, supporting its recruitment capabilities and subsequent growth [3]. - The company emphasizes technological investment, aiming to create a second growth curve through digitalization and productization, with a revenue CAGR of 49.9% from 2017 to 2024 in flexible employment [3]. - The company has developed its own AI model, achieving a 60% improvement in job matching accuracy by mid-2025, and is currently testing an Agent prototype system [3]. International Expansion - The company has established a significant international presence, with over 10 branches in countries like the UK and the US, and has acquired six major professional brands in the European and American markets [3]. Investment Outlook - As the first human resources service company listed on the A-share market, the company has a robust foundation in high-end talent search, recruitment process outsourcing, and flexible employment [4]. - Revenue projections for 2025-2027 are 15.09 billion yuan, 18.93 billion yuan, and 22.82 billion yuan, with net profits of 300 million yuan, 370 million yuan, and 430 million yuan respectively [4]. - The current stock price corresponds to a PE ratio of 20.1x, 16.4x, and 13.9x for the respective years, indicating potential for valuation improvement [4].