Financial Summary

• As of the six month ended 30 June 2022, the Group recorded total revenue of RMB2,228.3 million, representing an increase of approximately 19.1% compared to the same period of 2021.

• Revenue generated from flexible staffing segment, the largest businesssegment of the Group, grew by approximately 20.8% on a year over yearbasis to RMB2,101.3million, of which the flexible staffing revenue from Mainland China maintained strong growth momentum of 28% on a year over year basis despite continuous control of the pandemic and almost three-month lockdown of Shanghai, where the Group’s headquarter is located.

• Net profit attributable to owners of the Company decreased to RMB54.6 million, representing negative growth of approximately 15.1% year over year,mainly due to rising cost from regional expansion and optimization of productmix. Adjusted net profit attributable to owners of the Company recorded RMB59.5 million after adjusting one-off expenses,decreasing by 10.7% year over year.

• The Board recommended payment of an interim dividend of HKD1.6 (RMB1.37) perordinary share for the first time for the half year ended 30 June 2022 to reward shareholders.

[31] August 2022, Hong Kong] ManpowerGroupGreater China Limited (“ManpowerGroup Greater China” or the “Company”,together with its subsidiaries, the “Group”, stock code: 2180.HK) is pleased to announce the interim result as of the six month ended 30 June 2022(the “Period”) of the Group. For the first half of 2022, the Group achieved stable growth in all business lines. Total revenue increased by approximately 19.1% compared to the same period of 2021 to RMB2,228.3 million. Revenue generated from flexible staffing segment, the largest business segment of the Group, grew by approximately 20.8% on a year over year basis to RMB2,101.3 million, of which the flexible staffing revenue from Mainland China maintained strong growth momentum of 28% on a year over year basis despite continuous control of the pandemic and almost three-month lockdown of Shanghai, where the Group’s headquarter is located.During the Period, net profit attributable to owners of the Company decreased to RMB54.6 million,representing negative growth of approximately 15.1% year over year, mainly due to rising costfrom regional expansion, optimization of product mix, and business developmentof top existing clients. Adjusted net profit attributable to owners of the Company recorded RMB59.5 million after adjusting one-off expenses, decreasing by 10.7% year over year. The Board recommended payment of an interim dividend of HKD1.6 (RMB1.37) per ordinary share for the half year ended 30 June 2022 to reward shareholders.

Business and team expansion despite market headwind; strong growth momentum of Mainland flexible staffing business

During the first half of 2022, the Group had faced various challenges including breakouts of Covid-19 pandemic across Mainland China, weak macroeconomic growth, and increasing geo‑political tension. For the most time of the second quarter, Shanghai, where the Group's headquarter is located, was in complete lockdown. Despite all the challenges, the Group continued to optimize its operational structure in Mainland China, and accelerate expansion into under-penetrated regions in southern, central, and western China (such as Wuhan and Chengdu), as well as bolstering its leading position in tier-one cities including Beijing, Shanghai,Shenzhen, Guangzhou. In addition to remaining committed to growing its existing accounts, the Group had expanded its service offerings with new State-Owned Enterprises (SOE) clients and clients from the financial sector. The total number of associates placed during the Period increased by 22% from approximately 25,000 as of 30 June 2021 toapproximately 30,500 as of 30 June 2022. The total number of employees has increased by 24.8% to 1,370 from 1,098 at the end of June 2021. 

Technology platform to further optimize operational efficiency

To implement its strategic initiatives of digitalisation, the Group has been transforming and optimizing its workforce technology platform with focus on key products such as the collaborative recruiting platform (天天U单) and HR SaaS, to diversify revenue stream, expand client base, and improve cross-selling between different business lines.

By the end of 2022, the Group's collaborative platform (天天U单) had posted approximately 9,000 positions during the Period; its mobile recruiting platform(天天U才) recorded approximately 48,000 Monthly Active Users (MAUs) with approximately 7,300 new positions posted; the Group’s employeevalue-adding platform (天天U福) had registered over 31,000 members. As of the end of June 2022, the Group's talent pool reached a total number of around 5.8 million.

Leading HR Service Providerin the Greater China Region with wide recognition

The Group's efforts in providing customized and professional services to its clients in the Greater China region have been recognized with a number of awards,including“2022 Top100 Human Resources Service Organization” (“2022人力资源服务机构100强”) by TopHR, “2021 BestHR (human resources) Service Provider” (“2021年度最佳人力资源服务机构”) by HRoot, and “2021Annual Human Resources Technology Innovation Product Award” (“2021年度人力资源科技创新产品奖”) by HR Tech China.

Looking forward to the second half of 2022, increasing global and regional geopoliticaltension, ncertainties of macroeconomy, and ongoing strict control measures of the pandemic, have posed various challenges to our business. The Group remains cautious for the rest of 2022. With that said, the Group is confident about the robustness of the business model and the diversification within the business.  

Mr. CUIZhihui, Executive Director and Chief Executive Officer of the Group, said, "

We are confident about the growth potential of the human resources industry. The Group's leading market position in the GreaterChina region, together with its diversified business segments, strong business development capability, and excellent cashflow management, together with the competitiveness of the workforce technology platform, will help us take full advantage of the growth potential of the human resources market in the GreaterChina region.”