National Bureau of Statistics spokesperson Liu Aihua stated at a press conference today that with the continued release of various policy effects, the economy is steadily recovering and new production forces accelerate employment growth, and the overall employment situation is expected to remain stable.

However, we should also note that the pressure on total employment remains, and the structural contradictions of difficult employment and difficult recruitment still remain prominent, and some industries and key groups are still under pressure for employment. In the next stage, we must adhere to the employment of young graduates from universities as a top priority and make greater efforts to promote high-quality and full employment.

In the next stage, we must adhere to the employment of young graduates from universities as a top priority and make greater efforts to promote high-quality and full employment.

Recently, the research reports of the human resources service industry chain have been optimistic. Some leading companies in the industry chain have actively adapted to the new structure and new power of economic development, reserved orders are relatively sufficient, and after March, they will enter the peak season of recruitment and employment. The number of new positions and personnel is expected to accelerate, driving marginal improvement and high elasticity under the low base of 2023.

Soochow Securities released a research report stating that the human resources service industry, especially flexible employment, is still in the process of increasing penetration. It conforms to the background of increasing employment friction and reducing enterprise costs. On the one hand, it serves enterprises to improve operational efficiency, and on the other hand, it undertakes the social responsibility of introducing local talents and solving employment issues.

GTJA previously pointed out that the recruitment prosperity structure has bottomed out and stabilized, the head platform share has increased, and the profit margin is continuously marginally improved under the scale effect.

The headhunting business of traditional human resource service companies has stabilized, and the reserved orders and number of positions for flexible employment and outsourcing business will gradually increase in Q2 of 2024, driving the continuous marginal improvement of the prosperity quarter. The bank recently stated that recruitment and human resource services have improved, but the fluctuations in January and February should be noted. The rebound in demand for large enterprise recruitment deserves attention. It is expected that after entering the job fair season in March and April, the month-on-month improvement may occur.

Recruitment-related platform companies:

Tongdao Liepin (06100): Duolie RCN empowers the headhunting industry. In September 2023, the company launched Duolie RCN, which aims to empower small and medium headhunting companies, and has established deep cooperation with nearly 60 headhunting companies. In Q1 of 2024, the company launched an AI intelligent interview product, and will continue to launch new AI recruitment products in the future to improve user recruitment efficiency and job matching rate.

Renrui HR (06919): The 2023 performance report was announced. The report shows that its revenue in 2023 increased by 22.9% year-on-year to 4.472 billion yuan, and the adjusted net profit reached 0.105 billion yuan. The revenue of digital and information technology talent business of Renrui increased by 225.2% year-on-year to 1.753 billion yuan in 2023, accounting for 39.2% of the company's total revenue.