Tongdao Liepin Group (6100) Earnings Call Transcripts

Tongdao Liepin Group's Latest Earnings Call - March 29, 2026

Tongdao Liepin Group's 2025 annual results showed a revenue decline of 4.6% year-on-year to RMB 1.986 billion, with non-GAAP net profit down 16.6% to RMB 142 million. Despite these declines, the company reported positive signs of recovery in the second half, with cash billings turning from decline to growth. Management highlighted a strategic focus on AI technology, which significantly boosted their AI product revenue by nearly tenfold to over RMB 100 million. For 2026, management expects mid-single-digit growth in cash billings, indicating a potential return to revenue growth.

Reported metrics

Guidance from management

Management expects mid-single-digit growth in cash billings for 2026, which will drive full-year revenue to return to growth. Gross margin is expected to remain flat or slightly increase.

What management said

In the interest of time, that concludes our Q&A session. Thank you once again for joining us today. If you have any other questions, please contact us through IR e-mail, ir@liepin.com. Have a great day. Bye-bye.

What analysts pressed on

Analysts expressed concerns about the potential disruption of traditional recruitment platforms by AI agents and sought clarity on the company's strategy to navigate these challenges. There were also questions about specific financial guidance for 2026.

Main topics on the call

• Revenue Decline — Revenue for 2025 was RMB 1.986 billion, down 4.6% year-on-year, primarily due to a decrease in talent recruitment services. However, the decline narrowed compared to previous periods.
• AI Product Growth — AI product revenue surged from RMB 10 million in 2024 to over RMB 100 million in 2025, marking a nearly tenfold increase. Management stated, 'AI application capabilities have evolved from functional innovation into a sus...
• Gross Margin Improvement — Gross margin improved to 76.6%, up 0.6 percentage points year-on-year, driven by increased revenue from AI products and optimized cost control.
• Job Market Recovery — New job postings on Liepin's platform turned from decline to growth year-on-year since Q3 2025, with sectors like automotive and AI showing strong demand.

Read the full Tongdao Liepin Group transcript (March 29, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 19 Tongdao Liepin Group earnings call transcripts on record, spanning August 19, 2020 to March 29, 2026. Based on this history, Tongdao Liepin Group reports quarterly. The most recent call on file is dated March 29, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

6100

Exchange

SEHK

Country

HK

Sector

Communication Services

Industry

Interactive Media and Services

Calls on record

19

First call

August 19, 2020

Most recent

March 29, 2026

Reporting cadence

quarterly