In the first three quarters of 2024, the pace of industrial upgrading in China has accelerated continuously, with new-quality productive forces developing steadily and high-quality growth advancing in depth. The demand for talent in strategic emerging industries such as new energy, new materials, high-end equipment manufacturing, and biopharmaceuticals has shown a sustained upward trend.

Under this macro background, the company’s business in mainland China demonstrates strong resilience and a steady growth momentum, with a YOY revenue increase of 27.08% in the first three quarters. During the reporting period, Career International has consistently implemented a position-focused strategy, deeply laying out in technical sequence positions represented by informatization and intelligenization such as CIO/CTO. It has aided clients in building a multi-level new quality talent supply chain, successfully recommending over 13,800 mid-to-high-end management and specialized technical talents to Chinese and international clients, which registered a YOY increment of 23.75%.

During the reporting period, the overall operating revenue from flexible staffing services witnessed a YOY growth of 20.59%. The number of registered outsourced employees exceeded 42,400, who were dispatched for more than 360,000 times by the end of the reporting period. Notably, the company has continuously expanded operations in new occupations related to digital intelligence as recently published by the Ministry of Human Resources and Social Security, including roles such as generative artificial intelligence system operator, intelligent connected vehicle tester, intelligent manufacturing system operation and maintenance officer, wind power operation and maintenance engineer, etc. It demonstrates the company’s formidable strength in human resource allocation and management, providing solid talent support for high-quality development and digital transformation of clients.

During the reporting period, the company has resolutely increased investment to perfect the HR industry ecological model of “HR Tech + HR Platform+ HR Service”, with a technological investment of nearly RMB 119 million (US$ 16.7 million) and a YOY revenue growth of 23.49% in technology services. Over the past three quarters, the company has made significant progress in internal informatization and digitalization: continuously iterating the AI Match System and CRE model, while optimizing the business leads and opportunities management of CRM system. Also, the company has achieved online daily management of large-scale outsourced employees by virtue of digital platform, further enhancing operational efficiency and service quality.

Since the beginning of 2024, HEWA, the HR industry networking platform under Career International, has completed the integration with the company’s vertical recruitment platforms, and realized a seamless connection of information and transaction flow. In September of this year, HEWA acquired the Alpha Consulting and its subsidiary platform of Hiheadhunter Online to better grow its SaaS series products. It enabled differentiated tools and products for individual consultants, small-size teams, and large-size teams respectively, enhancing HEWA’s service delivery capability in various niche industry domains. More than 10,000 job openings were delivered, with an increase of 107.71% YOY.

As of the end of the reporting period, Career International has reached over 38,100 clients in various types through vertical recruitment platforms, industrial interconnected platforms, and SaaS platforms, a YOY increase of 13.31%; it has managed recruitment positions of more than 213,900, a YOY increase of 17.73%, and has linked to over 14,800 ecological partners, a YOY increase of 19.86%.

Career International has consistently attached great importance to develop its international service system. As the globalization of Chinese companies and the expansion of local enterprises overseas has driven talent demands, the company has actively promoted its overseas business layout. Its global footprints have reached country markets including the US, Germany, the UK, the Netherlands, France, Italy, Algeria, Egypt, Brazil, Dubai, Uganda, Russia, South Korea, Japan, Malaysia, Singapore and so on. Working closely with its overseas brands, Career International has enhanced its service synergy global-wise regarding products, clients, candidates, and data, and has acquired a large number of elite talents for enterprises’ international expansion. The company’s global service strength has been officially recognized, becoming the only HR service agency to receive the honor of “Global Service Demonstration Case” at China International Fair for Trade in Services (CIFTIS) this year.

As enterprises' globalization process deepens, going global is no longer merely about "going out". Instead, they pursue a deeper "going in" and get integrated into the local industrial chain and supply chain. Leveraging its all-round consulting service capabilities, overall talent acquisition capabilities, and employment management capabilities, Career International has refined a “comprehensive solution for companies going global”. It collaborates with established brands in fields such as collaborative office work, employer branding, and compliance consulting, to jointly build a service ecosystem providing one-stop, all-scenario, high-quality, and digitally-empowered professional service and support for enterprises going global, fully safeguarding their development in the “new era of globalization.”

Looking ahead, Career International will be unwaveringly committed to implementing its “Four Basic Corporate Strategies”. It will keep focusing on core business, increase investment in technology R&D, deepen business innovation and transformation, and facilitate collaboration with ecological partners both domestically and internationally, so as to attain a higher-quality development.