Career International’s revenue in the first three quarters exceeded 6.8 billion yuan, and overseas markets continued to grow

On October 27, Career International (300662.SZ) disclosed the report for the third quarter of 2022. The company achieved operating income of 6.818 billion yuan in the first three quarters, a year-on-year increase of 31.63%; net profit attributable to owners of the parent company was 217 million yuan, a year-on-year increase. 15.54%.

As the first human resources service company listed on the A-share market in China, Career International has always adhered to the basic strategy of “one body and two wings”, further increased technological investment in accordance with the established development plan, and firmly improved the whole industry chain ecological model of “technology + platform + service” , accelerate the digital transformation to show the deep synergy of online and offline business, continue to strengthen the close cooperation between the front store and the back factory, create a closed loop of online and offline services, further promote domestic and overseas customer collaboration, and promote the high-quality development of various service businesses.

Internal and external digital construction is integrated, and the deep synergy between online and offline is prominent.

During the reporting period, in order to cope with the complex and changeable market economic environment at home and abroad, Career International deeply refined the “online + offline” collaborative service model, and promoted a significant improvement in the professional ability of offline services. At the same time, the company continued to improve the level of digitalization, accelerated the process of internal digitalization, and empowered customers to accelerate the digital transformation of human resources through new technology products. Both internal and external progress, a number of businesses maintained a steady growth trend, and cumulatively contributed revenue to more than 5,700 customers.

In the first three quarters, Career International invested more than 110 million yuan in technology. Thanks to the two-wheel drive of digital construction inside and outside the enterprise and continuous technological investment, the company’s technical service operating income increased by 73.44% year-on-year. Focusing on the interior, Career International has established a multi-cloud structure and fully launched the main business operation kanban to improve the real-time, standardized and refined level of company management. Among them, in the first three quarters, more than 80,000 reports were generated through online automation, and the estimated cumulative savings exceeded 20,000 hours; on the other hand, the multi-dimensional improvement of external technology product matrix such as vertical recruitment platform, integrated HR SaaS, and industrial interconnection platform The operating results of the company have been widely linked to long-tail customers, and the second curve has been stimulated to create new growth points. As of the end of the reporting period, the company has linked more than 22,000 customers through various online technology platforms, operated more than 110,000 recruitment positions, linked more than 9,000 ecological partners, and established more than 85,000 recruitment consultants and labor brokers on the platform.

Due to the complementary advantages and improved synergy between online platform and offline business, Career International’s traditional offline business grew by 31.51% year-on-year as a whole, continuing to maintain growth resilience. The blessing of technology has promoted the seamless connection of offline business processes, real-time information interaction, accelerated job delivery and conversion efficiency, and upgraded professional comprehensive service capabilities. Flexible employment is an indispensable and important part of enterprise employment under the epidemic, and it plays an active role in stabilizing employment. During the reporting period, Career International’s flexible employment business as a whole maintained a rapid growth momentum. The revenue in the first three quarters increased by 45.75% year-on-year. There are more than 32,100 registered management outsourcing employees, more than half of which are key technical R&D positions, and more than 270,400 outsourced employees have been dispatched. As of the end of the reporting period, Career International had successfully recommended 15,588 mid-to-high-end managers and professional technicians to customers during the year.

International service barriers further enhance the potential for high-value growth

With the recovery of overseas markets, Chinese enterprises have accelerated the market layout along the “Belt and Road” under the new development pattern of domestic and international dual circulation. As a pioneer in the human resources service industry, Career International has always attached importance to the construction of a global service system under the guidance of its internationalization strategy. During the reporting period, the company further strengthened exchanges and learning between teams at home and abroad, deepened cross-border and cross-team collaborative services for international customers, and continued to promote the coordinated development of domestic and foreign businesses.

Up to now, Career International has more than 110 branches around the world, mainly in China, the United Kingdom, the United States, the Netherlands, Singapore, Malaysia and other countries. According to the third quarterly report, Career International’s overseas business continued to be active, with revenue from outside the mainland accounting for 25.70% of the group’s business revenue, further strengthening the barriers to international services.

It is worth mentioning that Investigo, a subsidiary of Career International Holdings, continued its growth trend in the first half of the year, and its performance ushered in full bloom. During the reporting period, Investigo’s operating income exceeded 1.663 billion yuan, a year-on-year increase of 65.56%. Among them, the mid-to-high-end talent search business increased by 40.85%, the flexible employment business increased by 71.29%, and the strategy and digital consulting business increased by 62.49%. In addition, the business of the Hong Kong company of Career International and the companies in Southeast Asia showed positive growth.

Industry insiders pointed out that the recovery of overseas performance has provided momentum for the overall performance of Career International. In recent years, the company has achieved vertical resource integration by actively establishing branches and acquiring overseas assets, deepening cross-border and cross-team collaboration, and achieving global linkage of product lines. Global service capabilities have been recognized by governments in many places and customers at home and abroad.

In order to further improve the agglomeration efficiency of “first resource” talents in key areas and characteristic industries, give full play to the effectiveness of human resources, and achieve the goal of “gathering talents from all over the world and using them”, the human resources industry needs to continue to show new achievements. Career International said that in the future, the company will continue to develop its service capabilities under the guidance of the “technology + platform + service” whole industry chain business model, contribute to accelerating the construction of the world’s important talent center and innovation highland, and jointly draw a blueprint for high-quality economic and social development .