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China – Renrui reports strong growth in flexible staffing employees

23 April 2021

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

As flexible staffing services is the major business segment of the group, Renrui HR has been focusing on the development of this business segment and the continuous recruitment of flexible staffing employees to be deployed to clients.

The board of directors announced that the number of the group’s flexible staffing employees has increased as of 31 March 2021 by 10,809 to 36,372, a 42.3% increase compared to 25,563 flexible staffing employees as of 31 March 2020.

The number of flexible staffing employees grew from 34,123 as of 28 February 2021 to 36,372 as of 31 March 2021, representing an increase of 2,249 or a growth rate of approximately 6.6%.

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

On 29 March 2021, Renrui announced its results for the year ended 31 December 2020. Total revenue of the group amounted to approximately RMB 2.83 billion (USD 430.9 million), a year-on-year increase of 23.7%.