Foreign service holdings disclosed its 2021 annual report on April 22. During the reporting period, the company achieved an operating revenue of 11.454 billion yuan, a year-on-year decrease of 47.64%; The net profit attributable to the parent company was 532 million yuan, a year-on-year increase of 7.74%. The company plans to pay 2 yuan (including tax) for 10 years.
The company is mainly engaged in personnel management, talent dispatch, salary and welfare, recruitment, flexible employment and business outsourcing. According to the strategic layout of Shanghai headquarters plus four regions, namely, the eastern region (Yangtze River Delta), the northern region (Beijing Tianjin Hebei), the southern region (Guangdong, Hong Kong and Macao) and the central and western region (Chengdu and Chongqing), the company has set up 25 holding subsidiaries in all parts of the country outside the Shanghai headquarters, with more than 170 directly affiliated branches. Overseas business solutions cover 13 countries and regions; Fsg-tg has established business service partnerships with peers in Europe, North America and Africa, covering 50 countries and regions.
During the reporting period, the operating revenue of the company's human resources industry decreased by 47.68% year-on-year and the operating cost decreased by 51.98% year-on-year, mainly due to the change of the company's direct legal liability in the talent dispatch business according to the relevant interpretation of the Supreme People's Court on legal issues implemented from January 1, 2021, and the company adjusted the recognition method of revenue and cost of such business accordingly. Other business income decreased by 33.76% year-on-year and operating costs decreased by 42.03% year-on-year, mainly due to the reduction of external sales and more commitment to internal R & D work of the group by Shanghai Foreign Service Information Technology Co., Ltd., a wholly-owned subsidiary of the company's foreign service group.
In terms of main business products, during the reporting period, the operating cost of the company's personnel management services increased by 34.43% year-on-year. On the one hand, it is due to the increase in the scale of personnel management business, on the other hand, it is mainly due to the reduction of the comparison base due to the policy reduction of social security and rent due to the epidemic in the previous year. The company's business income of talent dispatch services decreased by 99.00% year-on-year, the operating cost decreased by 99.76% year-on-year, and the gross profit margin increased by 75.04 percentage points year-on-year. The operating revenue of business outsourcing services increased by 40.92% year-on-year and the operating cost increased by 40.74% year-on-year, mainly due to the company's vigorous development of emerging businesses this year.
In terms of foreign equity investment, during the reporting period, the holding subsidiary of the company increased 18 million yuan (60%) to Guangdong Nanyou Foreign Service Co., Ltd., 4.9 million yuan (70%) to Shanghai Foreign Service (Shandong) Human Resources Co., Ltd., 2 million yuan (100%) to Shanghai foreign service (Qingdao) Human Resources Service Co., Ltd., and 8 million yuan (100%) to Shanghai fulcrum Human Resources Co., Ltd; Equity acquisition of 60% shares of Shanghai Minhang Talent Service Co., Ltd., with an investment of 8.3666 million yuan; The total is 412666 million yuan.
The company said that in 2022, it will take "value management" as the general focus of its business work, fully implement the key tasks in four aspects: growth mode and growth rate, human resources service value chain and ecosystem, digital transformation and industry and financial management integration, as well as corporate governance, incentive mechanism and organizational ability, promote the two wheel driven growth to make substantive breakthroughs, and realize structural changes in business transformation and upgrading, The digital transformation has achieved phased results.