Gelonghui August 22nd 丨Renrui Talent (06919.HK) announced its interim results. In the six months ending June 30, 2023, the Group generated revenue of about RMB 2,068.3 million, an increase of about 19.3% over mid-2022. This is mainly because the Group's digital professional service business benefits from China's continuous industrial upgrading process. The demand for experienced digital talents from enterprises in various industries continues to increase, and the company relies on strong customer acquisition capabilities, rapid service delivery and competitive advantages in professional service quality to meet customers' talent needs and achieve revenue scale growth.
Profit for the six-month period ended June 30, 2023 was approximately RMB 18.9 million, while loss for the six-month period ended June 30, 2022 was approximately RMB 24.6 million.
The Group has sufficient strength to quickly and flexibly seize opportunities to expand market share. Since we began implementing our business strategy upgrade strategy in the second half of 2021, we have continued to expand our business scale in the IT and digital talent services markets through endogenous growth and acquisitions. The number of comprehensive flexible employees increased from 28,873 on June 30, 2022 to 33,864 on June 30, 2023, of which 7,830 are digital talents. In the first half of 2023, revenue from the digital technology and cloud services business was RMB 736.1 million, an increase of 560.5% over RMB 111.4 million in the same period last year. Of these, acquisitions contributed RMB 449.5 million. The Group's gross margin increased from 3.8% in the first half of 2022 to 8.1% in the first half of 2023, mainly due to high-value digital talent services. The service has achieved strong sales performance among new and old customers, added more than 200 new customers, and achieved strong growth in the automotive industry, communications industry and financial industry. As we further expand our scale, there is still plenty of room for improvement in gross margin.