北森控股2025/2026中期报告

北 森 控 股 有 限 公 司B e i s e nH o l d i n g L i m i te d*（ 於開曼群島註冊成立的有限公司）(A company incorporated in the Cayman Islands with limited liability)Stock Code 股份代號 : 9669 中期報告INTERIM REPORT2025/2026 Contents 2Corporate Information5Financial Highlights6Management Discussion and Analysis31Other Information58Interim Condensed Consolidated Statement of Comprehensive Loss60Interim Condensed Consolidated Statement of Financial Position62Interim Condensed Consolidated Statement of Changes in Equity64Interim Condensed Consolidated Statement of Cash Flows66Notes to the Interim Condensed Consolidated Financial Information100Definitions103Glossary of Technical Terms CORPORATE INFORMATION BOARD OF DIRECTORS Executive Directors Mr. Wang Zhaohui(Chairman)Mr. Ji Weiguo(Chief Executive Officer)Ms. Liu Xianna(Chief Financial Officer) Independent Non-executive Directors Mr. Du KuiMr. Zhao HongqiangMr. Ge Ke AUDIT COMMITTEE Mr. Zhao Hongqiang(Chairman)Mr. Ge KeMr. Du Kui REMUNERATION COMMITTEE Mr. Ge Ke(Chairman)Mr. Ji WeiguoMr. Du Kui NOMINATION COMMITTEE Mr. Du Kui(Chairman)Ms. Liu XiannaMr. Ge Ke JOINT COMPANY SECRETARIES FCG (CS, CGP)HKFCG (CS, CGP) Ms. Liu XiannaMs. Au Wai Ching FCG (CS, CGP), HKFCG (CS, CGP) AUTHORIZED REPRESENTATIVES FCG (CS, CGP)HKFCG (CS, CGP) Ms. Liu XiannaMs. Au Wai Ching FCG (CS, CGP), HKFCG (CS, CGP) REGISTERED OFFICE PO Box 309, Ugland HouseGrand Cayman KY1-1104Cayman Islands PO Box 309, Ugland HouseGrand Cayman KY1-1104Cayman Islands CORPORATE INFORMATION HEADQUARTERS AND PRINCIPAL PLACE OFBUSINESS IN THE PRC 6883303001–03006 03001–03006, Level 3, Building 3No. 688 Middle Tianfu AvenueChengdu High-tech ZonePilot Free Trade Zone, Sichuan ProvincePRC Room 710, Building 1No. 35 Shangdi East RoadHaidian District, BeijingPRC 351710 PRINCIPAL PLACE OF BUSINESS IN HONG KONG 40th Floor, Dah Sing Financial CentreNo. 248 Queen’s Road EastWanchaiHong Kong 24840 PRINCIPAL SHARE REGISTRAR Maples Fund Services (Cayman) LimitedPO Box 1093, Boundary HallCricket Square, Grand Cayman KY1-1102Cayman Islands Maples Fund Services (Cayman) LimitedPO Box 1093, Boundary HallCricket Square, Grand Cayman KY1-1102Cayman Islands HONG KONG BRANCH SHARE REGISTRAR Computershare Hong Kong Investor Services Limited 183171712–1716 Shops 1712–171617th Floor Hopewell Centre183 Queen’s Road EastWanchaiHong Kong HONG KONG LEGAL ADVISER Han Kun Law Offices LLPRooms 4301-10, 43/FGloucester Tower, The Landmark15 Queen’s Road CentralHong Kong 15434301-10 CORPORATE INFORMATION INDEPENDENT AUDITOR KPMG Public Interest Entity Auditor registered in accordance with the Accounting and FinancialReporting Council Ordinance8th FloorPrince’s Building10 Chater RoadCentralHong Kong 108 PRINCIPAL BANKS 35 Sichuan branch, Bank of China LimitedNo. 35, Middle Renmin Road (2 Duan)Qingyang DistrictChengdu, Sichuan ProvincePRC Chaoyang branch in Beijing, Bank of China Limited Block B, Jiacheng BuildingNo. 18 Xiaguang Lane, Dongsanhuan North RoadChaoyang DistrictBeijingPRC 18B STOCK CODE 9669 9669 COMPANY WEBSITE www.beisen.com www.beisen.com FINANCIAL HIGHLIGHTS Notes: 1.We define adjusted gross profit (a non-IFRS measure) as gross profit adjusted byadding back share-based payments included in cost of revenues and amortization ofacquisition-related intangible assets. 1. 2.We define adjusted net profit/(loss) (a non-IFRS measure) as profit/(loss) for the periodadjusted by adding back share-based payments, and amortization of acquisition-relatedintangible assets and relevant tax impact. 2. Certain amounts and percentage figures included in this interim report have been subjectto rounding adjustments, or have been rounded to one or two decimal places. Anydiscrepancies in any tables, charts or elsewhere between totals and sums of amounts listedtherein are due to rounding. MANAGEMENT DISCUSSION AND ANALYSIS 2025+ In 2025, the wave of domestic software substitution accelerated, with the informationtechnology application innovation (ITAI) industry shifting from policy-driven to market-driven momentum and demonstrating accelerated implementation. Concurrently, the StateCouncil of the PRC issued the “Opinions on Deepening the Implementation of the ArtificialIntelligence Plus Action” (“+”), furtherpropelling industrial upgrades. Among these, the application of artificial intelligence inthe human resources sector has entered a new phase of deep integration across the entireprocess. 2025HCMSaaSAI In the first half of 2025, amid a complex and volatile global economic landscape, Chinasought breakthroughs while navigating dual challenges of external pressures andinternal transformation. New productive forces, exemplified by artificial intelligence,semiconductors, and chip manufacturing, accelerated their emergence as new enginesof economic growth. Simultaneously, enterprises’ urgent demand for cost reduction andefficiency improvement, data-driven decision-making, and global management propelledChina’s HCM S