Financial Performance - Total revenues for the first quarter of 2025 were RMB1,923.3 million (US$265.0 million), representing a year-on-year increase of 12.9% from RMB1,703.8 million in the same quarter of 2024[6] - Net income for the first quarter of 2025 was RMB512.1 million (US$70.6 million), an increase of 111.9% from RMB241.7 million in the same quarter of 2024[11] - Adjusted net income for the first quarter of 2025 was RMB763.9 million (US$105.3 million), an increase of 43.9% from RMB530.7 million in the same quarter of 2024[11] - Income from operations for the first quarter of 2025 was RMB439.8 million (US$60.6 million), an increase of 324.5% from RMB103.6 million in the same quarter of 2024[9] - Adjusted income from operations for the first quarter of 2025 was RMB691.5 million (US$95.3 million), an increase of 76.1% from RMB392.6 million in the same quarter of 2024[9] - Net income attributable to ordinary shareholders of KANZHUN LIMITED for Q1 2025 was RMB 518,134, a significant increase of 111.5% from RMB 244,951 in Q1 2024[28] - Adjusted net income per ordinary share attributable to ordinary shareholders increased to RMB 0.88 for Q1 2025, up from RMB 0.61 in Q1 2024, reflecting a growth of 44.3%[34] User Metrics - Average monthly active users for the first quarter of 2025 were 57.6 million, an increase of 23.6% from 46.6 million in the same quarter of 2024[6] - The number of paid enterprise customers reached 6.4 million in the twelve months ended March 31, 2025, up 12.3% from 5.7 million in the previous year[6] Revenue Forecast - The company expects total revenues for the second quarter of 2025 to be between RMB2.05 billion and RMB2.08 billion, representing a year-on-year increase of 6.9% to 8.5%[17] Operating Costs and Expenses - Total operating costs and expenses were RMB1,491.1 million (US$205.5 million) for the first quarter of 2025, a decrease of 7.5% from RMB1,612.8 million in the same quarter of 2024[8] - Research and development expenses decreased to RMB 423,568 in Q1 2025 from RMB 467,569 in Q1 2024, a reduction of 9.4%[28] Cash and Assets - The balance of cash and cash equivalents as of March 31, 2025, was RMB14,785.2 million (US$2,037.5 million)[15] - Cash and cash equivalents at the end of Q1 2025 were RMB 2,790,420, an increase from RMB 2,747,166 at the end of Q1 2024[32] - Total current assets as of March 31, 2025, were RMB 15,681,004, up from RMB 15,100,383 as of December 31, 2024, indicating a growth of 3.8%[30] - Total assets increased to RMB 20,387,869 as of March 31, 2025, compared to RMB 19,310,672 as of December 31, 2024, reflecting a growth of 5.6%[30] Cash Flow - Net cash provided by operating activities for Q1 2025 was RMB 1,003,109, an increase of 10.8% from RMB 905,541 in Q1 2024[32] Share Information - The weighted average number of ordinary shares used in computing net income per share was 870,991,355 for Q1 2025, slightly down from 880,732,849 in Q1 2024[34]

Financial Performance - The company achieved GAAP revenue of RMB 1.92 billion, reflecting a 13% year-on-year increase [7] - Net income reached RMB 510 million, representing a 112% year-on-year growth [7] - Adjusted operating income was RMB 690 million, with an adjusted operating margin of 36%, up 13 percentage points year-on-year [7][28] - Total operating costs decreased by 8% year-on-year to RMB 1.5 billion, with share-based compensation expenses down by 13% year-on-year [27][29] - Net cash provided by operating activities was RMB 1 billion, up 11% year-on-year [30] Business Line Performance - The average verified monthly active users on the Foss Shipping app reached 57.56 million, up 24% year-on-year [10] - Revenue from enterprises with fewer than 100 employees hit a record high contribution for the period, driven by the growth of smaller-sized companies [11] - Blue collar new users accounted for over 45% of total users, driving their share of revenue up to more than 39% [11] Market Data - Average new job postings grew 17% year-on-year from January to April, with total paid enterprise customers increasing to 6.38 million, up 2012% year-on-year [12] - Recruitment demand for blue collar workers has been steadily rebounding since April, with manufacturing recruitment showing resilience despite tariff impacts [13] Company Strategy and Industry Competition - The company is focused on driving profitability and has made solid progress in AI applications to enhance operational efficiency [6][14] - Management remains cautious about the competitive landscape, noting that while AI technology is important, no revolutionary changes have been observed yet [56] Management Commentary on Operating Environment and Future Outlook - Management noted that the impact of the tariff war on business has not intensified, and hiring demand has shown a recovery trend since the Chinese New Year [6][12] - The company is optimistic about the year ahead, with plans to continue focusing on high-impact priorities to enhance operational certainty [7][23] Other Important Information - The company has a strong cash position of RMB 14.8 billion as of March 31, 2025, providing financial flexibility for growth initiatives [31] - For Q2 2025, the company expects total revenues to be between RMB 2.05 billion and RMB 2.08 billion, representing a year-on-year increase of 7% to 8% [31] Q&A Session Summary Question: How has hiring demand evolved since the start of the tariff war? - Management indicated that the overall supply and demand relationship has continued to improve, with new job postings maintaining good growth rates [35][36] Question: What feedback has been received regarding AI features, and what are the plans for monetization? - Management reported positive feedback from AI product testing, with plans for gradual monetization as efficiency improvements are observed [41][44] Question: Are there any expected changes in the competitive landscape due to AI adoption? - Management expressed a conservative view, noting that while AI is important, no significant changes have been observed in the competitive landscape yet [54][56]

Financial Performance - The company achieved GAAP revenue of RMB 1.92 billion, reflecting a 13% year-on-year increase [6][25] - Net income reached RMB 510 million, representing a 112% year-on-year growth [6] - Adjusted operating income was RMB 690 million, with an adjusted operating margin of 36%, up 13 percentage points year-on-year [6][27] - Total operating costs decreased by 8% year-on-year to RMB 1.5 billion, with share-based compensation expenses down by 13% year-on-year [27][28] - Net cash provided by operating activities was RMB 1 billion, up 11% year-on-year [30] Business Line Performance - The average verified monthly active users on the Foss Shipping app reached 57.56 million, up 24% year-on-year [9] - Revenue from enterprises with fewer than 100 employees hit a record high contribution for the period, driven by the growth of smaller-sized companies [11] - Blue-collar new users accounted for over 45% of total users, driving their share of revenue up to more than 39% [11] Market Data - Average new job postings grew 17% year-on-year from January to April, indicating a recovery in hiring demand [12] - Recruitment demand for blue-collar workers has been steadily rebounding since April, with manufacturing recruitment showing resilience [13] Company Strategy and Industry Competition - The company is focused on driving profitability and has made solid progress in AI applications to enhance operational efficiency [5][14] - Management remains cautious about the broad deployment of AI in recruitment, emphasizing the importance of human recruiters [17][53] - The competitive landscape is stable, with no revolutionary changes observed in the industry due to current AI technologies [53] Management Commentary on Operating Environment and Future Outlook - Management noted that the impact of the ongoing tariff war on business has not intensified, with hiring demand showing a recovery trend [5][12] - The company is optimistic about the year ahead, expecting total revenues for Q2 2025 to be between RMB 2.05 billion and RMB 2.08 billion, representing a year-on-year increase of 7% to 8% [31] Other Important Information - The company has a strong cash position of RMB 14.8 billion as of March 31, 2025, providing financial flexibility for growth initiatives [30] - The company is committed to shareholder returns, with ongoing share repurchase programs and assessments for other measures to enhance returns [49] Q&A Session Summary Question: How has hiring demand evolved since the start of the tariff war? - Management indicated that the impact of the tariff war on supply and demand has been limited, with a recovery trend in recruitment demand observed [35][36] Question: What feedback has been received regarding AI features and monetization plans? - Management reported positive feedback from AI product testing, with plans for gradual monetization as efficiency improvements are noted [41][44] Question: How does management view the competitive landscape with AI adoption? - Management expressed a conservative view, noting that while AI is important, no revolutionary changes have been observed in the competitive landscape yet [52][53]

Core Insights - BOSS Zhipin-W (02076) reported a strong performance in Q1 2025, with total revenue of 1.923 billion RMB, a year-on-year increase of 12.88% [1] - The net profit attributable to ordinary shareholders reached 518 million RMB, reflecting a significant year-on-year growth of 111.53% [1] - The basic net profit per share was 0.59 RMB [1] User Engagement - The average monthly active users for Q1 2025 were 57.6 million, up 23.6% from 46.6 million in the same quarter of 2024 [2] - The peak monthly active users reached nearly 65 million after the Spring Festival, indicating strong brand appeal and user retention [2] Strategic Focus - The company’s CEO highlighted the effectiveness of its strategy focused on core business, technological innovation, and high-quality growth [2] - The CFO noted an adjusted operating profit margin of 36.0%, a year-on-year increase of 13 percentage points, attributed to efficient operational leverage and strong cost control [2] Customer Growth - The number of paying enterprise clients increased by 12.3% year-on-year to 6.4 million as of March 31, 2025, driven by user penetration strategies [2]

Core Viewpoint - KANZHUN LIMITED has appointed Ms. Hongyu Liu as an independent non-executive director, which is expected to enhance the company's development through her extensive financial expertise [1][4]. Company Overview - KANZHUN LIMITED operates BOSS Zhipin, a leading online recruitment platform in China, facilitating efficient connections between job seekers and enterprises through a highly interactive mobile app [6]. New Appointment Details - Ms. Hongyu Liu, aged 52, has over 25 years of experience in the financial services industry and currently serves as a managing director at Intermediate Capital Asia Pacific Limited since 2016 [2]. - Her previous roles include principal at TPG Capital and vice president at Lazard China Limited, along with over seven years at JP Morgan Chase [2]. - Ms. Liu holds a Bachelor of Arts in finance from Renmin University of China, a Master of Arts in Law and Diplomacy from The Fletcher School of Tufts University, and an MBA from Tuck School of Business at Dartmouth College [3]. - She is a Chartered Financial Analyst and licensed under the Securities and Futures Ordinance in Hong Kong for regulated activities [3].

Company Overview - KANZHUN LIMITED operates the leading online recruitment platform BOSS Zhipin in China, connecting job seekers and enterprise users through a highly interactive mobile app that promotes two-way communication and intelligent recommendations [5]. Annual General Meeting (AGM) - The Company will hold its annual general meeting of shareholders on June 27, 2025, at 3 p.m. Beijing time, to consider proposed resolutions [1]. - Shareholders and holders of American depositary shares (ADSs) are encouraged to vote in favor of the proposed resolutions as recommended by the board of directors [1]. Voting Rights - Holders of record of ordinary shares and ADSs as of May 22, 2025, are entitled to notice of, attend, and vote at the AGM [2]. Financial Reporting - The Company has filed its annual report on Form 20-F, including audited financial statements for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission (SEC) [3].

Core Insights - The company reported a revenue of RMB 1,923.3 million for Q1 2025, representing a 12.9% increase compared to RMB 1,703.8 million in Q1 2024 [1] - Net profit for Q1 2025 reached RMB 512.1 million, a significant increase of 111.9% from RMB 241.7 million in the same quarter of 2024 [1] - Adjusted net profit for Q1 2025 was RMB 763.9 million, up 43.9% from RMB 530.7 million in Q1 2024 [1] User and Client Metrics - The total number of paid enterprise clients as of March 31, 2025, was 6.4 million, an increase of 12.3% from 5.7 million as of March 31, 2024 [1] - The average monthly active users for Q1 2025 were 57.6 million, which is a 23.6% increase from 46.6 million in Q1 2024 [1] Future Outlook - The company anticipates total revenue for Q2 2025 to be between RMB 2.05 billion and RMB 2.08 billion, reflecting a year-on-year increase of 6.9% to 8.5% [1] Management Commentary - The CEO expressed satisfaction with the strong start in Q1, highlighting robust revenue growth and exceeding profit expectations, validating the company's focus on core business and technological innovation [2] - The CFO noted an adjusted operating profit margin of 36.0% for Q1, a 13 percentage point increase year-on-year, attributed to efficient operational leverage and strong cost control [2] - The peak monthly active users reached nearly 65 million post-Spring Festival, demonstrating the company's growing brand appeal and user engagement [2]

Customer Growth - Total paying enterprise customers reached 6.4 million for the twelve months ending March 31, 2025, an increase of 12.3% from 5.7 million for the same period ending March 31, 2024[11] - Average monthly active users for Q1 2025 were 57.6 million, up 23.6% from 46.6 million in Q1 2024[11] Financial Performance - Revenue for Q1 2025 was RMB 1,923.3 million (USD 265.0 million), a 12.9% increase from RMB 1,703.8 million in Q1 2024[11] - Operating profit for Q1 2025 was RMB 439.8 million (USD 60.6 million), a significant increase of 324.5% from RMB 103.6 million in Q1 2024[11] - Adjusted operating profit for Q1 2025 was RMB 691.5 million (USD 95.3 million), up 76.1% from RMB 392.6 million in Q1 2024[11] - Net profit for Q1 2025 was RMB 512.1 million (USD 70.6 million), an increase of 111.9% from RMB 241.7 million in Q1 2024[11] - Adjusted net profit for Q1 2025 was RMB 763.9 million (USD 105.3 million), a 43.9% increase from RMB 530.7 million in Q1 2024[11] - Operating cash flow for Q1 2025 was RMB 1,003.1 million (USD 138.2 million), an increase of 10.8% from RMB 905.5 million in Q1 2024[18] Profitability Metrics - The company achieved an adjusted operating profit margin of 36.0% in Q1 2025, up 13 percentage points year-over-year[12] Cost Management - The company reported a decrease in total operating costs and expenses to RMB 1,491.1 million (USD 205.5 million), down 7.5% from RMB 1,612.8 million in Q1 2024[13] - In Q1 2025, the operating costs were RMB 310.8 million (USD 42.8 million), an increase of 5.2% compared to RMB 295.4 million in Q1 2024, primarily due to increased payment processing fees[15] - Marketing expenses in Q1 2025 were RMB 491.2 million (USD 67.7 million), a decrease of 15.2% from RMB 579.3 million in Q1 2024, mainly due to reduced advertising and employee-related costs[15] - R&D expenses for Q1 2025 amounted to RMB 423.6 million (USD 58.4 million), down 9.4% from RMB 467.6 million in Q1 2024, primarily due to decreased employee-related costs and technology investments[15] Future Outlook - The company expects total revenue for Q2 2025 to be between RMB 2.05 billion and RMB 2.08 billion, representing a year-over-year increase of 6.9% to 8.5%[21] - The company plans to continue investing in new technologies and market expansion strategies to drive future growth, with a focus on enhancing its online recruitment services for enterprise clients[29] Shareholder Returns - The board approved a share repurchase plan in August 2024, allowing the company to repurchase up to USD 150 million worth of shares over a 12-month period[20] Cash and Assets - As of March 31, 2025, cash and cash equivalents totaled RMB 14,785.2 million (USD 2,037.5 million)[19] - The company’s total assets reached RMB 20,387,869,000 as of March 31, 2025, an increase from RMB 19,310,672,000 at the end of 2024, representing a growth of 5.6%[31] - The company’s total liabilities amounted to RMB 4,530,679,000 as of March 31, 2025, a slight increase from RMB 4,347,852,000 at the end of 2024, reflecting a 4.2% rise[31] - The company’s cash and cash equivalents increased to RMB 2,790,420,000 as of March 31, 2025, up from RMB 2,553,090,000 at the end of 2024, marking a growth of 9.3%[31] Product and Service Development - The company continues to enhance AI technology applications, launching multiple AI-enabled products and services to improve user engagement and recruitment efficiency[12] - The company operates China's leading online recruitment platform "BOSS Zhipin," leveraging a highly interactive mobile application to connect job seekers and businesses efficiently[26]

Core Viewpoint - KANZHUN LIMITED reported strong financial results for the first quarter of 2025, highlighting significant revenue growth, increased profitability, and a record-high number of active users, driven by its operational strategy focused on core businesses and technological innovation [3][4]. Financial Performance - Revenues for Q1 2025 were RMB1,923.3 million (US$265.0 million), a 12.9% increase from RMB1,703.8 million in Q1 2024 [4][5]. - Income from operations reached RMB439.8 million (US$60.6 million), up 324.5% from RMB103.6 million in the same quarter of the previous year [7][8]. - Net income for Q1 2025 was RMB512.1 million (US$70.6 million), representing an increase of 111.9% from RMB241.7 million in Q1 2024 [8][9]. - Adjusted net income for Q1 2025 was RMB763.9 million (US$105.3 million), a 43.9% increase from RMB530.7 million in Q1 2024 [8][10]. User Engagement - The company reported nearly 65 million monthly active users following the Chinese New Year, with an average of 57.6 million for Q1 2025, reflecting a 23.6% year-on-year growth from 46.6 million in Q1 2024 [5][6]. - Total paid enterprise customers reached 6.4 million, a 12.3% increase from 5.7 million in the previous year [5][6]. Cost Management - Total operating costs and expenses decreased by 7.5% to RMB1,491.1 million (US$205.5 million) in Q1 2025 from RMB1,612.8 million in Q1 2024 [6][7]. - Sales and marketing expenses fell by 15.2% to RMB491.2 million (US$67.7 million) due to reduced advertising and employee-related costs [13]. Cash Flow and Position - Net cash provided by operating activities was RMB1,003.1 million (US$138.2 million), a 10.8% increase from RMB905.5 million in Q1 2024 [11][33]. - As of March 31, 2025, the company had cash and cash equivalents totaling RMB14,785.2 million (US$2,037.5 million) [14]. Outlook - For Q2 2025, KANZHUN expects total revenues to be between RMB2.05 billion and RMB2.08 billion, indicating a year-on-year increase of 6.9% to 8.5% [16].

BEIJING, May 12, 2025 (GLOBE NEWSWIRE) -- KANZHUN LIMITED ("BOSS Zhipin" or the "Company") (Nasdaq: BZ; HKEX: 2076), a leading online recruitment platform in China, today announced that it will report its unaudited consolidated results for the first quarter ended March 31, 2025, before the U.S. market opens on Thursday, May 22, 2025. The Company will host a conference call on Thursday, May 22, 2025 at 8:00PM Beijing Time (8:00AM U.S. Eastern Time) to discuss the results. Participants are required to pre-reg ...