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

The company said that due to flexible staffing services being a major business segment of the group, Renrui 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 from 35,762 as at 31 December 2020 to 36,138 as at 31 January 2021, representing a growth rate of approximately 1.1%.

The number of flexible staffing employees as at 31 January 2021 also represents an increase of 11,889 or a growth rate of approximately 49.0% as compared to 24,249 flexible staffing employees as at 31 January 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.

In an update last month, the group said it expects to record an increase in revenue of approximately 20% to 30% for FY 2020 as compared to the revenue for the corresponding period in 2019.