Liepin Group sees profits surge despite revenue dip in H1 2025

For the six months ended June 30, 2025, Liepin Group reported revenue of RMB937.2 million, a 7.6% decrease from RMB1,014.6 million in the same period of 2024. Gross profit also declined by 8.1% to RMB727.6 million, down from RMB791.9 million. This revenue dip was primarily attributed to a decrease in talent acquisition and HR services to business customers.

Despite the revenue challenges, the company demonstrated robust profit growth. Net profit surged by 55.8% to RMB102.8 million, compared to RMB66.0 million in the first half of 2024. Net profit attributable to equity shareholders saw an even greater increase of 77.1% to RMB80.3 million. Non-GAAP operating profit, excluding share-based compensation expenses and amortization of intangible assets from acquisition, rose 32.7% to RMB124.7 million.

The Group's financial position showed cash and cash equivalents of RMB887.4 million as of June 30, 2025. Net cash used in operating activities decreased to RMB38.4 million, reflecting cost-saving efforts. The board did not recommend an interim dividend for the period.