Tongdao Liepin Group, previously known as Wise Talent Technology Services Co (6100:HKG), the operator of Chinese job board Liepin.com, reported revenue on Thursday of RMB 722.9 million (USD 105.7 million) for the three months ended 30 June 2022, an increase of 7.0% when compared to the previous year.

Gross profit increased by 5.3% in Q2 2022 when compared to the same period a year ago.

The group also published revenue for the six months’ period ended 30 June 2022. Revenue stood at 1.37 billion (USD 200.5 million), up 14.4% over the year.

The group said it continued to implement its long-term growth strategy of “building a technology and big data-driven one-stop talent service platform” and actively penetrate the talent service market.

“Coupled with the sustainable growth of our core talent acquisition services, we have been leveraging our know-how in online service offerings to integrate with other human resource services, including flexible staffing, online survey services, and training and assessment,” the group stated.

For the six months ended 30 June 2022, the revenue generated from providing the talent acquisition services and other HR services to business users was RMB 1.20 billion (USD 175.7 million), representing a year-on-year increase of 17.5%.

For the six months ended 30 June 2022, the revenue generated from providing talent development services to individual users was RMB 168.1 million (USD 24.5 million) representing a year-on-year slight decrease of 3.5%.

Looking ahead the group said it will continue to execute the “Platform + SaaS + Service” strategy and provide tailored services to its users in various economic conditions.

“We will also further strengthen our interactive functions so that all parties can cooperate smoothly and manage resources efficiently on our platform,” the company stated “On top of our core advantages in the mid-to high-end talent acquisition market, we will continue our effort in building a multi-streamed product spectrum in the talent service industry, so as to provide better user experience and broaden our user coverage.”

The group also said that it cannot guarantee that the Covid-19 pandemic will not further escalate or have a material adverse effect on our results of operations, financial position or prospects.

Tongdao Liepin shares closed on Thursday at USD 10.90, no change on the day. The company has a market cap of HKD 5.53 billion (USD 704.8 million).