According to the Wisdom Wealth app, Beishen Holdings (09669) rebounded by more than 10%, and the stock fell more than 21% on the previous trading day. As of press time, it rose by 10.81% to HK$4.51, with a turnover of HK$19.8518 million.

On the news front, CICC released research reports stating that the company's fiscal year 2024 performance meets market expectations, with a year-on-year increase in revenue of 13.8% to 855 million yuan. Adjusted net loss attributable to the parent company decreased from 3.01 billion yuan in fiscal year 2023 to 1.05 billion yuan in fiscal year 2024, which is consistent with the company's previous profit warning and market expectations. Looking forward to fiscal year 2025, the bank expects the company's adjusted net loss attributable to the parent company to further narrow to less than 10%.

The bank pointed out that due to the balanced distribution of the customer base and industry, as well as the leading integrated solution capability, the company's growth resilience is highlighted in economic cycle fluctuations. The ARR growth rate in fiscal year 2024 gradually recovered to 16% from 12% in fiscal year 2023. Among them, the total number of customers using cloud-based HCM solutions increased by 8.1% year-on-year to 5,532, and the average customer ARR increased by 7.7% year-on-year to 137,000 yuan.