Renrui HR Tech Announced FY2023Results Positive Profit Alert Revenue is Expected to Increase No Less than 20.9% YoY to RMB4,400.0 Million with Net Profit Turnaround
[Hong Kong – 5 February 2024]Renrui Human Resources Technology Holdings Limited $RENRUI HR (06919.HK)$ (“Renrui HR Tech” or “the Company”, together with its subsidiaries, the “Group”, Hong Kong Stock Code: 6919.HK) is pleased to announce that, following the preliminary review of the Group’s unaudited consolidated management accounts for the year ended 31 December 2023 ("FY2023” or ”the Year”) and the management’s estimate based on the information currently available to the Board, the Group expects to record a revenue of between approximately RMB4,400.0 million and RMB4,600.0 million, representing a year-on-year (“YoY”) increase of approximately 20.9% to 26.4%. The Group recorded a net profit turnaround with an estimated profit attributable to the equity holders between RMB35.0 million and RMB45.0 million (FY2022: a loss of RMB7.3 million). The expected increase in the Group’s revenue and profit was primarily attributable to the rising staffing demand for experienced digital talents across industries resulted from the ongoing industrial digitalization in China, which led to a strong growth in the Group’s digital talent services featuring a relatively high profit margin.
Mr. Zhang Jianguo, Chairman and Chief Executive Officer of Renrui Human Resources Technology Holdings Limited, commented, "Leveraging the Group’s extensive experience in recruiting digital talent, we were able to seize the enormous opportunities arising from enterprises’ digital transformation and the national employment policy and achieved a substantial growth in revenue and net profit during the Year. As China accelerates innovation and the increases the application of new energy and artificial intelligence, demand for digital talents is expected to remain strong this year. Leveraging its industry expertise, Renrui HR Tech will continue enhancing service efficiency and capabilities to cater customers’ diverse needs, leading the Group towards sustainable development while generating better returns for our shareholders.”
About Renrui Human Resources Technology Holdings Limited
Renrui HR Tech is a fast-growing pioneer in the human resources solutions sector in China, and a strategic partner for many industry leaders, primarily engaged in the provision of general service outsourcing, digital technology and cloud services, digital operation and customer services, professional recruitment, and other human resources solutions. The Group has reinvented traditional human resources business process with digitalization and new technology innovation. Its one-stop ecosystem allows Renrui HR Tech to serve its customers across the PRC in a result-oriented manner, effectively tackling large-scale talent recruitment and management problems in the PRC. Currently, Renrui HR Tech operates over 70 branches and subsidiaries across China, with business coverage in over 300 cities.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment