hello Group (06919.HK) focuses on new growth drivers in the industry, with digital transformation helping to turn losses into profits.

On April 15, 2024, $RENRUI HR(06919.HK) held a performance sharing luncheon in Hong Kong.

During the event, the company's management first reviewed the full-year performance of Wise Talent in 2023. Wise Talent recorded a gross profit margin of 9.4% in 2023, a significant improvement from 5.1% in 2022. Full-year revenue in 2023 increased by 22.9% year-on-year to RMB 4.472 billion, and the company turned losses into profits, achieving adjusted net profit (non-Hong Kong Financial Reporting Standards) of RMB 105 million.

Looking back at 2023, Wise Talent successfully achieved digital transformation of its business. Despite the slowdown in China's economic growth in 2023 and fluctuations in outsourcing demand for general corporate services, the company's digital talent business continued to flourish, with a year-on-year increase of 225.2%. The management stated that such growth was mainly attributed to the group's strong customer expansion, organizational and professional service capabilities. $Hang Seng Index(00HSI.HK)

At the same time, the company plans to distribute a dividend of HKD 0.09 per share for 2023, with a payout ratio of 31%. Regarding the group's future dividend strategy, the management stated that the group would continue to achieve profitability and provide higher returns to investors based on actual development conditions.

Looking ahead, Wise Talent will closely follow the national digital development strategy, focus on new growth drivers in the industry, and serve leading enterprises with high R&D investment. The group will strive to seize the core stage of the transformation between old and new growth drivers, enhance industrial competitiveness, and adhere to the strategy of "facing market demand, seizing industry growth opportunities, and tapping into customer value" to provide integrated demand solutions for high-net-worth clients.