Renrui Human Resources Technology (6919: HKG), a mainland China-based flexible staffing service provided a voluntary business update.

The group said it has been focusing on the development of its flexible staffing services segment and the continuous recruitment of flexible staffing employees to be deployed to clients.

The board of directors of the company also announced that the number of the group’s flexible staffing employees has increased from 40,989 as of 30 June 2021 to 41,904 as of 31 July 2021, representing an increase of 915 or a growth rate of approximately 2.2%.

Year-on-year, the number of flexible staffing employees as of 31 July 2021 saw an increase of 12,584 or a growth rate of approximately 42.9% as compared to 29,320 flexible staffing employees as of 31 July 2020.

The group said it will continue to strengthen its position in the flexible staffing industry in China by providing quality flexible staffing services to its clients.

Earlier this month, the group’s management estimated an increase in revenue of approximately 75% to 85% for the six-month period year on year. Net profits are expected to be up approximately 25% to 35% and adjusted net profit up approximately 45% to 55%.