Core Viewpoint - BOSS Zhipin reported strong growth in user base, revenue, and profitability for Q2 2025, driven by improvements in the recruitment market and the application of AI technology across its operations [1][3][6] Financial Performance - In Q2 2025, the company achieved revenue of 2.102 billion yuan, a year-on-year increase of 9.7%, surpassing market expectations [1] - Revenue from the recruitment segment was 2.078 billion yuan, up 9.8% year-on-year [1] - Net profit reached 710 million yuan, showing significant growth, while adjusted operating profit was 880 million yuan, reflecting a 33.4% increase year-on-year [3] User Growth and Engagement - As of June 30, 2025, the number of paid enterprise clients reached 6.5 million, a year-on-year increase of 10.2% [1] - The average monthly active users (MAU) for the app rose to 63.6 million, a 16.5% increase year-on-year [1] AI Integration and Development - The company continues to enhance its AI capabilities, applying AI in product development, customer service, and operational efficiency [3][7] - The number of users utilizing AI tools for job searching and recruitment is on the rise, with AI-driven features improving user experience and efficiency [3][4] - AI tools are being used to optimize job postings and assist in candidate matching, with a focus on enhancing rather than replacing human roles [4][6] Market Outlook - Multiple institutions, including Goldman Sachs and Morgan Stanley, have positive outlooks on BOSS Zhipin, citing the potential of AI technology to enhance business development and user experience [6] - International long-term investors have increased their holdings in BOSS Zhipin during Q2 [6] Security Enhancements - The security team has intensified the use of AI to improve risk control capabilities, enhancing the identification of violations and improving user safety [7] - AI is being utilized for daily inspections and risk alerts, providing timely notifications to users [7]

Over the last four quarters, the company has surpassed consensus EPS estimates four times. Kanzhun, which belongs to the Zacks Internet - Software industry, posted revenues of $293.49 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 1.64%. This compares to year-ago revenues of $263.75 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released n ...

Core Insights - BOSS Zhipin reported Q2 2025 revenue of 2.102 billion yuan, a year-on-year increase of 9.7%, exceeding market expectations [1] - The revenue structure remains heavily reliant on the recruitment sector, which accounted for 99% of total revenue [1] - Revenue from the recruitment sector reached 2.078 billion yuan, reflecting a year-on-year growth of 9.8% [1] Revenue Growth Factors - The growth in recruitment revenue is attributed to increased penetration in incremental markets and higher contributions from corresponding clients [1] - There was a notable increase in revenue contributions from blue-collar workers, second-tier cities, and small to medium-sized enterprises during Q2 [1] - The number of new job postings for fresh graduates increased by over 18% year-on-year during June and July, addressing the previously observed mismatch between job seekers and available positions [1] User Engagement and Cost Management - From January to July 2025, BOSS Zhipin added over 30 million new users [1] - The average monthly active users reached 63.6 million in Q2, marking a year-on-year increase of 16.5% [1] - Sales and marketing expenses amounted to 420 million yuan, a decrease of 23% year-on-year, bringing the expense-to-revenue ratio to a historical low [1]

Financial Performance - The company achieved total revenue of RMB 2.1 billion, reflecting a year-on-year increase of 9.7% [5] - Net income reached RMB 710 million, showing a significant year-on-year growth of 70.4% and a net profit margin exceeding 33% [5] - Adjusted operating profit was RMB 880 million, up 33% year on year, with share-based compensation expenses decreasing by nearly 10% quarter on quarter [5][24] - The average verified monthly active users reached 63.56 million, up 16.5% year on year [5] Business Line Performance - Revenue contributions from blue-collar workers, lower-tier cities, and small and medium-sized enterprises increased compared to last year [6] - The total number of paid enterprise customers reached 6.5 million, up 10% year on year [9][22] - Recruitment demand from small and medium-sized enterprises showed pronounced recovery, driving revenue contributions [22] Market Dynamics - The recruitment market showed recovery, with job postings increasing by approximately 20% year on year in July [8] - The number of new job postings for fresh graduates grew by over 18% year on year [7] - The company observed a recovery in the internet industry, with active job postings reaching a new high since 2021 [9] Company Strategy and Industry Competition - The company is making ongoing progress in AI, enhancing user experience and operational efficiency [4][10] - AI tools are being integrated into recruitment processes, improving job seeker safety and operational efficiency [11][18] - The company completed a Hong Kong secondary share offering of HKD 2.2 billion to enhance liquidity and broaden the shareholder base [19][28] Management Commentary on Operating Environment and Future Outlook - Management expressed confidence in the sustainability of recruitment demand recovery, citing improved job seeker to recruiter ratios [36] - The company expects revenue growth to accelerate, projecting total revenues for 2025 to be between RMB 2.13 billion and RMB 2.16 billion, a year-on-year increase of 11.4% to 13% [29] - Management emphasized the importance of shareholder returns, announcing an annual dividend policy and a share repurchase program [20][63] Other Important Information - The company reported a strong cash position of RMB 16 billion and net cash provided by operating activities of RMB 1.052 billion, up 21% year on year [27][28] - Share-based compensation expenses have been controlled, decreasing for four consecutive quarters [24][66] Q&A Session Summary Question: What are the drivers behind the recruitment demand recovery? - Management noted that smaller enterprises are recovering faster, with companies having fewer than 20 employees contributing nearly 20% to revenue [33] - The impact of food delivery competition on recruitment demand was observed to be minor [34] Question: How should margins be viewed going forward? - Management indicated that margin improvement is expected to be gradual, driven by the company's business model and effective cost control [40][41] Question: What are the plans for capital markets and liquidity improvement? - The company aims to improve liquidity in Hong Kong through public offerings and has successfully increased trading volume post-offering [62][63]

Financial Performance - The company achieved total revenue of RMB 2.1 billion, reflecting a year-on-year increase of 9.7% [6] - Net income reached RMB 710 million, showing a significant year-on-year growth of 70.4%, with a net profit margin exceeding 33% [6] - Adjusted operating profit was RMB 880 million, up 33% year on year, with share-based compensation expenses decreasing by nearly 10% quarter on quarter [7][24] - The adjusted operating margin reached 41.9%, up by 7.5 percentage points year on year, marking a record high [26] Business Line Performance - The number of paid enterprise customers increased by 10% year on year to 6.5 million [24] - Revenue contributions from small and medium-sized enterprises (SMEs) showed pronounced recovery, particularly in the recruitment demand from SMEs [25] - The average verified monthly active users on the platform reached 63.56 million, up 16.5% year on year [7] Market Dynamics - The recruitment market showed recovery, with job postings for fresh graduates growing by over 18% year on year [9] - The number of newly posted jobs on the platform increased by approximately 20% year on year in July [10] - The company observed a recovery in the internet industry, with active job postings reaching a new high since 2021 [11] Company Strategy and Industry Competition - The company is focusing on ongoing progress in AI, enhancing user experience and operational efficiency [5][12] - AI tools are being integrated into various functions, including job seeker safety and recruitment optimization [13][20] - The company completed a secondary share offering in Hong Kong to enhance liquidity and broaden its shareholder base [21][30] Management Commentary on Operating Environment and Future Outlook - Management expressed confidence in the sustainability of the recruitment demand recovery, citing improved job seeker to recruiter ratios [37] - The company expects revenue growth to accelerate, projecting total revenues for 2025 to be between RMB 2.13 billion and RMB 2.16 billion, representing an 11.4% to 13% year-on-year increase [31] - The company plans to continue investing in R&D and innovation while maintaining a focus on shareholder returns [42][63] Other Important Information - The company announced an annual dividend policy with a planned payout of USD 80 million for the current fiscal year [22] - A new share repurchase program was launched, intending to repurchase up to USD 250 million of shares over the next twelve months [22] Q&A Session Summary Question: What are the drivers behind the recruitment demand recovery? - Management noted that smaller enterprises are recovering faster, with companies having fewer than 20 employees contributing nearly 20% of revenue [35] - The impact of food delivery competition on recruitment demand was observed to be minor [36] Question: How should margins be viewed going forward? - Management indicated that margin improvement is expected to be gradual, driven by the company's business model and effective cost control [41][42] Question: How does competition affect marketing and user acquisition costs? - The company has observed increased advertising investments from peers, but the impact on its marketing costs has been limited due to high user acquisition efficiency [45][46] Question: What are the plans for AI applications and capital markets? - Management highlighted ongoing AI product development, including a recruitment agent called HAMR, and emphasized the importance of improving liquidity in Hong Kong markets through recent financing activities [55][61]

Core Insights - BOSS Zhipin reported a positive financial performance for Q2 2025, with revenue growth driven by an expanding user base and improved market conditions in the recruitment sector [1][2] Revenue and Market Performance - In Q2 2025, the company achieved revenue of 2.102 billion yuan, a year-on-year increase of 9.7%, surpassing market expectations [1] - Revenue from the recruitment segment was 2.078 billion yuan, up 9.8% year-on-year, primarily due to increased market penetration and contributions from blue-collar jobs and small to medium enterprises [1][2] - The number of new job postings on the platform increased by approximately 20% year-on-year in July, indicating a recovery in the overall recruitment market [2] Profitability and Cost Management - The company reported a net profit of 710 million yuan for Q2 2025, showing significant growth, while adjusted operating profit rose by 33.4% to 880 million yuan [3] - Sales and marketing expenses decreased by 23% year-on-year to 420 million yuan, marking a historical low as a percentage of revenue [3] Shareholder Returns - BOSS Zhipin announced an annual dividend policy, with an expected total cash dividend of approximately 80 million USD to be distributed in October 2025 [4] - The existing share buyback plan was extended for an additional 12 months, with a maximum buyback amount increased to 250 million USD [5] AI Integration and User Engagement - The number of users utilizing AI tools for job searching and recruitment continued to grow, with AI applications enhancing user experience and operational efficiency [6] - AI tools provided job seekers with personalized content and improved matching capabilities, leading to higher success rates in job placements [6] User Safety and Security Measures - The company enhanced its risk control capabilities through AI, improving the identification of violations and reducing response times for user reports [7] - Over 50 million risk alerts were sent to users in Q2 2025, warning them about common scams and fraudulent activities [7]

格隆汇8月20日丨BOSS直聘-W(02076.HK)公告，自2025年8月20日起，陈旭先生已获委任为公司总裁。 该新职位是公司为优化治理结构和提升组织效率而设立，将向公司创始人、董事长兼首席执行官赵鹏先 生汇报工作。鉴于陈先生担任总裁的新职务，自2025年8月20日起，陈先生已不再担任首席营销官。陈 先生将继续担任执行董事。 ...

格隆汇8月20日｜BOSS直聘8月20日公布了两项关于股东回报的方案，与所有投资人共同分享公司持续 成长的红利。第一是公司将开展一项"年度股息政策"，未来每年视公司营运情况向股东派发现金股息。 2025年度的年度现金股息预计在2025年10月派发，拟派付股息总额约为8000万美元。第二是对2024年8 月通过的现有股份回购计划延长12个月至2026年8月底，期间公司将回购最多为2.5亿美元(此前计划为 1.5亿美元)的股份。 ...

智通财经APP讯，BOSS直聘-W(02076)发布公告，自2025年8月20日起：董梦媛女士已辞任独立非执行 董事、审计委员会主席、薪酬委员会成员及企业管治委员会成员。 刘虹瑜女士已获委任为审计委员会主席及企业管治委员会成员。李延先生已获委任为薪酬委员会成员。 陈旭先生已获委任为公司总裁。 ...

Group 1: Financial Performance - The company reported total revenue of 4.026 billion RMB for the six months ending June 30, 2025, representing a year-on-year increase of 11.19% [1] - Net profit attributable to shareholders reached 1.235 billion RMB, a significant year-on-year increase of 85.17% [1] - Basic earnings per share were 1.41 RMB [1] Group 2: Revenue Breakdown - Revenue from online recruitment services for corporate clients increased from 3.577 billion RMB in the same period of 2024 to 3.979 billion RMB, marking an increase of 11.2% [1] - Other services revenue, primarily from paid value-added services to job seekers, rose from 43.7 million RMB in 2024 to 46.7 million RMB, reflecting a 6.9% increase [1] Group 3: User Engagement - The average monthly active users reached 60.6 million, up 19.8% from 50.6 million in the same period of 2024 [1] - The average daily active users to monthly active users ratio was 25.0% [1] - The company has strengthened its market leadership and demonstrated effective penetration into diverse user groups, including blue-collar workers, lower-tier cities, and small to medium-sized enterprises [1] Group 4: Share Buyback Plan - The board approved an extension of the existing share repurchase plan for an additional 12 months until August 28, 2026 [2] - The revised plan allows for the repurchase of up to 250 million USD of company shares, including American Depositary Shares [2]