[Hong Kong – March 30, 2026]Renrui Talent Technology Holdings Limited $RENRUI HR (06919.HK)$ (“Renrui Talent” or the “Company”) and its subsidiaries (collectively referred to as the “Group”) (Stock Code: 6919.HK) are pleased to announce their annual results for the year ended December 31, 2025 (“the Year”).
During the year, the Group’s revenue reached approximately RMB 5,560.8 million, representing a year-over-year increase of 22.8%. Profit attributable to the Company’s equity holders amounted to RMB 87.6 million (2024: loss of RMB 71.0 million), successfully reversing losses into profits. To thank shareholders for their support, the Board has proposed a final dividend of HKD 0.1 per share (2024: none), together with an interim dividend of HKD 0.09 per share already distributed, making the total dividend for the year HKD 0.19 per share, with a payout ratio of approximately 30.0%.
Business Summary
The Group's revenue mainly comes from integrated flexible employment, professional recruitment, and other human resource solutions. During the year, the integrated flexible employment business maintained steady revenue growth, particularly experiencing rapid growth in digital technology and cloud services revenue.
Revenue from integrated flexible staffing services amounted to approximately RMB 5,504.5 million during the year, representing an increase of about 22.8% year-on-year, mainly due to the growth in the number of employees on duty across multiple business lines. Excluding the contribution of subsidiaries sold in May 2025 to last year's comparative data, the number of employees in integrated flexible staffing reached 41,096 as of December 31, 2025, reflecting a year-on-year increase of approximately 10.5%.
The group's second growth curve—digital technology and cloud services—is rapidly expanding, significantly increasing profit contributions.
Digital technology and cloud services have been key areas of business development in recent years and have become the group’s second growth curve in terms of profit enhancement. As of December 31, 2025, the number of IT talents employed in flexible staffing positions reached 9,071, with telecommunications, internet, and automotive sectors accounting for approximately 26.0%, 23.9%, and 16.1%, respectively; outsourced employees exceeding 100 people were also found at 20 client companies. Benefiting from the increase in employees on duty, revenue from digital technology and cloud services reached approximately RMB 1,659.4 million during the year, marking a substantial increase of about 38.3% compared to the same period in 2024, contributing approximately 46.1% of the group’s gross profit.
In addition to its traditional strengths in the internet industry, the group has focused on expanding into the automotive, telecommunications, financial, and smart manufacturing sectors. After five years of operations, the number of flexible staffing personnel serving telecommunications clients has surpassed that of internet clients, moving towards a more diversified client base to mitigate potential impacts of industry cycle fluctuations.
Consolidating Core Advantages in General Service Outsourcing, Expanding Diversified Roles to Drive Growth
The general service outsourcing business continued its steady growth, not only forming the foundation for the group’s revenue and profit growth but also providing solid support for developing new businesses such as digital technology and cloud services, as well as global expansion strategies. For the year ended December 31, 2025, revenue generated from general service outsourcing reached approximately RMB 3,531.3 million, an increase of about 17.3% year-on-year, while demand for flexible staffing in mid-to-back office operations, HR, and administrative roles also increased. The number of employees on duty in such roles reached approximately 6,113, reflecting a 19.1% year-on-year increase.
As of December 31, 2025, the group provided approximately 27,566 integrated flexible staffing employees for general service outsourcing to clients, covering the technology and internet, finance, and retail sectors. To secure new customer orders, the group actively provides candidates suitable for various job requirements, such as offering technical worker flexible staffing services to some state-owned enterprise clients, which we have just started to explore.
Accelerate the advancement of international business, empowering Chinese companies going global with a differentiated development strategy
By December 31, 2025, the group has established subsidiaries in 24 countries and regions worldwide. Offices have been set up in Hong Kong, Malaysia, Vietnam, Thailand, Indonesia, and the UAE. National managers have completed the recruitment and formation of localized service teams in these locations. The group’s first overseas digital operations and customer service center was established in Uzbekistan, with new centers underway in Egypt and Indonesia. For the fiscal year ended December 31, 2025, international business revenue reached approximately RMB 76.8 million, representing a year-over-year increase of about 291.8%.
Building on this foundation, the group will leverage its existing global regional layout and established localized professional recruitment and flexible workforce capabilities to provide human resource services for leading Chinese companies expanding abroad. This addresses the challenges faced by Chinese enterprises in recruiting locally and their insufficient understanding of overseas talent markets and labor regulations. At the same time, based on the characteristics of each country's human resources market, a differentiated development strategy is implemented to continuously build localized professional service capabilities.
Strengthen the management of trade receivables collection to shorten turnover days
Starting from the second half of 2024, special collection control measures for trade receivables were implemented, effectively shortening collection times. Through proactive credit risk management, partners with uncertain cash flows were strictly screened and avoided. During project execution, dynamic monitoring was enhanced to ensure timely service acceptance and billing reconciliation. Internally, a comprehensive performance evaluation mechanism was further refined, linking performance calculations deeply to client collections, thereby improving overall collection efficiency. Under the management of these three initiatives, the turnover days of adjusted trade receivables, contract assets, and receivable notes decreased effectively from 96 days in 2024 to 79 days in 2025. Net cash used in operating activities also dropped by 57.7% to RMB 44.9 million. Excluding the impact of divested subsidiaries, net cash generated from operating activities for the fiscal year ended December 31, 2025, amounted to approximately RMB 9.4 million.
Through integrated workforce solutions, strengthen strategic client engagement and enhance service value
As clients increasingly demand flexibility and compliance in corporate workforce management, solutions encompassing organizational management, talent strategy planning, talent restructuring, and performance assessment have become more critical. Therefore, the group continually optimizes its 'Consulting + Technology + Outsourcing' integrated workforce solution, advancing comprehensive flexible workforce services from 'cost-reduction and efficiency improvement' to 'value enhancement for clients.' By leveraging consulting, technology enablement, and comprehensive flexible workforce synergies, the group will further deepen strategic alignment with clients, strengthen client loyalty, and comprehensively elevate service barriers and commercial value.
The Wanma Youcai AI-driven platform continues to deliver value transformation and improve the talent ecosystem
Leveraging the Wanma Youcai platform, the AI-driven talent ecosystem is continuously improved. For job seekers, AI provides job recommendations and career planning services, enabling intelligent screening and activation of approximately 3.9 million technical talent resumes, expanding the pool of mid-to-high-end digital talents, and increasing the number of registered job seekers. For enterprise clients and recruitment consultants, AI empowers the entire recruitment process, achieving precise matching, human-machine collaboration, intelligent communication, and private domain talent pool management, enhancing recruitment efficiency. Additionally, through core AI technologies such as large model training and Retrieval-Augmented Generation (RAG), continuous model iteration and application optimization are carried out. A positive cycle of 'talent accumulation — model training — quality and efficiency improvement' is formed, creating an intelligent recruitment platform that combines scale with efficiency.
Zhang Jianguo, Chairman and CEO of Renrui TalentIt stated, 'In 2025, despite the complex and volatile global situation, China's economy maintains a steady growth rate. The group capitalizes on macro policy and national high-quality development opportunities, focusing on IT talent business development and global expansion strategies. While maintaining stable growth in core businesses, it achieves rapid organic growth. Moving forward, we will continue to concentrate on the digital talent needs of industries such as new energy vehicles, internet, and smart manufacturing, reinforcing the group’s second growth curve. Additionally, we will further advance our globalization strategy, build localized professional service capabilities, and implement differentiated growth strategies based on the characteristics of human resources markets in various countries. Moreover, we will continuously leverage artificial intelligence technology to assist in business processes, enhance service value, improve the talent ecosystem, further consolidate our industry-leading position, increase recruitment efficiency and overall business productivity, and drive sustainable growth for the group.'
About RGF HR Agent Technology Holdings Limited
RGF HR Agent is a leading integrated human resources services and digital technology solutions provider in China, as well as a strategic partner for multiple industry-leading enterprises. It focuses on providing clients with general service outsourcing, digital technology and cloud services, digital operations and customer service, specialized recruitment, and overseas human resources services. RGF HR Agent revolutionizes traditional human resources business processes through digitization and innovative technologies. Its integrated ecosystem serves clients with an outcome-oriented approach, solving domestic and international employment challenges quickly, efficiently, and at scale. Currently, RGF HR Agent operates over 170 subsidiaries and branches globally, covering more than 300 cities, and provides localized human resources services through subsidiaries located in over 24 countries and regions worldwide.
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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