BOSS ZHIPIN(BZ)

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美股,再创新高!中概股大涨
Zheng Quan Shi Bao· 2025-07-18 00:12
标普500指数和纳指再创新高。 当地时间7月17日,受零售数据增长和失业初请下降的推动,标普500指数和纳斯达克指数再度刷新历史 收盘新高。 美国众议院悉数通过三项加密货币法案 当地时间7月17日,美国国会众议院以308票赞成、122票反对的结果通过了《指导与建立美国稳定币国 家创新法案》(简称《天才法案》)(Genius Act),旨在对加密货币监管进行重大立法改革。该法案 将提交美国总统特朗普,预计将由特朗普签署成为法律。 截至收盘,道琼斯工业指数涨0.52%,报44484.49点;纳斯达克指数涨0.75%,报20885.65点;标普500 指数涨0.54%,报6297.36点。其中,标普500指数、纳斯达克指数均创历史新高。 中概股多数上涨,纳斯达克中国金龙指数涨1.23%。热门中概股方面,联掌门户涨超10%,蔚来、理想 汽车涨超6%,传奇生物涨近6%,大全新能源、路特斯科技涨逾5%。下跌个股方面,禾赛科技跌逾 8%,脑再生跌超2%,BOSS直聘、携程集团跌超1%。 经济数据强势 美股走高与美国经济数据强势表现有关。 美国商务部最新数据显示,6月份美国零售销售环比增长0.6%,超出市场预期的0.1%,并 ...
KANZHUN LIMITED Announces Pricing of Share Offer
Globenewswire· 2025-06-30 13:10
Core Viewpoint - KANZHUN LIMITED, operating the online recruitment platform BOSS Zhipin, has announced the pricing of its share offer, aiming to enhance financial flexibility and support sustainable development through the issuance of 34,500,000 Class A ordinary shares [1][4]. Share Offer Details - The share offer includes 34,500,000 Class A ordinary shares, with 4,500,000 shares offered due to the full exercise of the offer size adjustment option [1]. - The final offer price is set at HK$66.00 per share, translating to approximately US$16.82 per American depositary share (ADS) based on the exchange rate of HK$7.8499 to US$1.00 [2]. - The net proceeds from the share offer are estimated to be approximately HK$2,199.9 million (US$280.3 million) after deducting underwriting fees and expenses [4]. Use of Proceeds - The proceeds from the share offer will be utilized for investment in technology and infrastructure, development of new business initiatives, strategic acquisitions, and general corporate purposes [4]. Market Entry - Subject to approval from the Hong Kong Stock Exchange, the Class A ordinary shares are expected to begin trading on July 4, 2025 [3]. Underwriters - Goldman Sachs (Asia) L.L.C. and Morgan Stanley Asia Limited are acting as overall coordinators for the share offer, with additional joint global coordinators and bookrunners involved [5]. Company Overview - KANZHUN LIMITED operates BOSS Zhipin, a leading online recruitment platform in China, facilitating efficient connections between job seekers and enterprises through its interactive mobile app [10].
BOSS直聘发新股募资,掘金增量市场
YOUNG财经 漾财经· 2025-06-26 11:19
Core Viewpoint - BOSS Zhipin is leveraging incremental market opportunities to maintain growth despite a challenging recruitment platform environment, focusing on blue-collar workers, third-tier cities, and small businesses [2][3][4]. Group 1: Financial Performance - In Q1 2025, BOSS Zhipin achieved revenue of 1.923 billion yuan, a year-on-year increase of 12.9%, with online recruitment services for corporate clients accounting for over 98% of this revenue [5]. - The platform's total paid corporate clients reached 6.4 million, a year-on-year increase of 12.3%, while the average monthly active users grew by 23.6% to 57.6 million [5]. - The company reported a net profit of 512 million yuan in Q1, a significant year-on-year increase of 111.9%, with adjusted net profit rising by 43.9% to 764 million yuan [8]. Group 2: Future Outlook - Despite strong performance, BOSS Zhipin's revenue growth is entering a declining phase, with Q2 2025 revenue expected to be between 2.05 billion and 2.08 billion yuan, indicating a growth rate of only 6.9% to 8.5% [11][12]. - Management has prioritized ensuring stable profit growth over accelerating business expansion, focusing on cost optimization and efficiency improvements [13]. Group 3: Market Strategy - BOSS Zhipin has shifted its strategic focus from first-tier cities to second and third-tier cities, with blue-collar users contributing 34.8% of the platform's user base in 2024, up from 29.8% in 2021 [16][17]. - The company aims to enhance the user experience for blue-collar and lower-tier city users, simplifying service processes and content [17][18]. - The recruitment market's evolving dynamics necessitate a balance between revenue growth and social responsibility, emphasizing the need for transparency and efficiency in the recruitment process [18].
KANZHUN LIMITED Announces Launch of Share Offer
Globenewswire· 2025-06-24 10:30
Core Viewpoint - KANZHUN LIMITED, operating the online recruitment platform BOSS Zhipin, has announced a share offer of 30,000,000 Class A ordinary shares to enhance financial flexibility and support sustainable development [1][4]. Share Offer Details - The share offer consists of a Hong Kong public offering of 3,000,000 shares and an international offering of 27,000,000 shares, with the possibility of reallocating shares based on demand [1][2]. - An additional 4,500,000 shares may be offered, representing a 15% increase over the initial offering, subject to market conditions [2]. - The maximum offer price for the Hong Kong Public Offering is set at HK$78.00 per share, with the international offer price potentially being higher or the same [3]. Use of Proceeds - The net proceeds from the share offer will be allocated towards technology investments, new business initiatives, strategic acquisitions, and general corporate purposes [4]. Underwriters - Goldman Sachs (Asia) L.L.C. and Morgan Stanley Asia Limited are acting as overall coordinators, with additional firms involved as joint global coordinators and bookrunners [5]. 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 [10].
招聘平台的悖论:它越赚钱,你越难找到工作
2 1 Shi Ji Jing Ji Bao Dao· 2025-06-18 01:25
Core Insights - The recruitment market is facing a paradox where there are many job seekers but limited job opportunities, leading to increased anxiety among graduates and HR professionals [1][14] - Recruitment platforms are transitioning from free services to monetization strategies, resulting in a complex fee structure that often frustrates users [1][6][15] - The online recruitment industry has shown growth, with BOSS Zhipin reporting a revenue of 7.3 billion yuan and a 40% increase in net profit [6][15] Group 1: Recruitment Platform Dynamics - Recruitment platforms are increasingly relying on B-end enterprises for revenue, with some platforms generating up to 99% of their income from these clients [1][15] - The fee structures have become more intricate, with various paid options for job postings and enhanced visibility, leading to confusion among HR professionals [2][3][5] - The dual payment model of "membership + tools" has become standard across the industry, with platforms like BOSS Zhipin, Zhaopin, and 51Job being frequently mentioned [5][6] Group 2: User Experience and Challenges - HR professionals report a significant decrease in recruitment efficiency, with only 10% of resumes received being relevant [8][12] - The prevalence of "zombie jobs," or listings without actual hiring intent, has led to distrust among job seekers [13][14] - Users are increasingly exploring alternative recruitment methods, such as social media and direct referrals, due to dissatisfaction with traditional platforms [16][17] Group 3: Market Trends and Future Outlook - The number of graduates entering the job market is expected to reach 12.22 million, a 4.3% increase from the previous year, while many companies are reducing hiring needs [14] - Despite the challenges, new players are emerging in the recruitment space, leveraging platforms like Xiaohongshu and Douyin for targeted job postings [16][17] - The online recruitment industry is experiencing a stable market structure, with major platforms maintaining a significant user base, but the need for regulatory oversight remains [17][18]
6月5日早餐 | 中概股大涨;电力迎政策催化
Xuan Gu Bao· 2025-06-05 00:02
Market Overview - US stock market showed mixed results with Dow Jones down 0.22%, Nasdaq up 0.32%, and S&P 500 up 0.01% [1] - Meta Platforms rose by 3.16%, Google A by 1.13%, Amazon by 0.74%, Nvidia by 0.50%, Microsoft by 0.19%, while Apple fell by 0.22% and Tesla by 3.55% [1] Chinese Concept Stocks - Chinese concept index increased by 2% with notable gains from companies such as Zai Lab up 15.90%, Noah Holdings up 10.17%, NIO up 6.23%, and Alibaba up 3.9% [2] Employment and Economic Indicators - US ADP employment numbers for May showed an increase of only 37,000, the lowest growth since March 2023 [2] - ISM non-manufacturing index for May showed contraction for the first time in nearly a year [2] Technology and Innovation - Circle Internet announced an IPO price of $31 per share for 34 million shares [3] - Nvidia's GB200 achieved record performance in MLPerf testing, with performance improvements exceeding two times [4] - OpenAI announced ChatGPT's support for MCP and meeting notes [5] Energy Sector Developments - National Energy Administration of China initiated pilot projects for new power systems focusing on virtual power plants and renewable energy integration [8] - The trend indicates a shift in data center site selection towards renewable energy sources to reduce costs and enhance sustainability [8] Automotive Industry - Huawei and XPeng Motors are set to announce a collaboration on HUAWEI XHUD at an upcoming event [9] - The HUD technology is expected to transition from simple displays to complex interactive systems, with significant growth potential [9] Robotics and Healthcare - Chinese Academy of Sciences developed a "rigid-flexible coupling" lower limb rehabilitation exoskeleton robot aimed at aiding patients with lower limb paralysis [10] - The exoskeleton market is anticipated to exceed 100 billion due to increasing demand across various sectors [10] Aviation Sector - China is considering an order for hundreds of Airbus aircraft, potentially between 200 to 500 units, with a significant focus on wide-body models [11][13] Regulatory and Policy Updates - The Ministry of Industry and Information Technology is promoting the development of the AI industry and its integration into new industrialization [12] - The Hong Kong Securities and Futures Commission is contemplating the introduction of virtual asset derivatives trading for professional investors [12]
Kanzhun: Solid Fundamentals But Soft Macro Keeps Us On The Sideline
Seeking Alpha· 2025-05-31 10:47
Group 1 - Kanzhun's 1Q25 performance shows solid fundamentals despite a challenging macroeconomic environment, with consolidated revenue aligning with consensus and earnings slightly exceeding expectations [1] - The midpoint of Q2 guidance is consistent with market expectations, indicating stability in the company's outlook [1] Group 2 - Astrada Advisors specializes in investment research across technology, media, internet, and consumer sectors in North America and Asia, focusing on identifying high-potential investments [1] - The research provided by Astrada Advisors integrates fundamental analysis with data-driven insights, offering a comprehensive understanding of market trends and competitive landscapes [1] - The firm aims to empower investors with timely research to navigate volatile markets and emerging trends [1]
Kanzhun Demand Remains Solid Despite Macro Noise

Seeking Alpha· 2025-05-30 11:58
Core Viewpoint - Kanzhun Limited (NASDAQ: BZ) has shown strong growth potential, with 4Q24 results boosting confidence in its outlook, leading to a reiterated buy rating for the stock [1]. Group 1: Company Performance - The 1Q25 results further strengthen the positive outlook for Kanzhun Limited, reinforcing the buy rating [1]. Group 2: Investment Strategy - The investment approach discussed includes fundamental investing, technical investing, and momentum investing, highlighting the merits of each strategy in enhancing the investment process [1].
BOSS直聘(BZ):经营提效业绩兑现良好,收款增速环比提速释放积极信号
Guoxin Securities· 2025-05-29 05:54
Investment Rating - The investment rating for the company is "Outperform the Market" [5][21]. Core Insights - The company reported better-than-expected operating profit for Q1 2025, with a revenue of 1.923 billion RMB, reflecting a year-on-year growth of 12.9% [1][7]. - Non-GAAP operating profit reached 691 million RMB, up 76.2% year-on-year, and Non-GAAP net profit attributable to shareholders was 770 million RMB, an increase of 44.2% [1][7]. - Cash collections for Q1 2025 were 2.180 billion RMB, showing a 6.3% year-on-year increase, indicating improved willingness of companies to pay for recruitment services [1][7]. Business Segmentation - The B-end online recruitment business generated 1.901 billion RMB in revenue, also reflecting a 12.9% year-on-year growth, with the number of paying enterprise clients reaching 6.38 million, a 12.3% increase [2][8]. - The average revenue per user (ARPU) was 1,170 RMB, up 5.6% year-on-year [2][8]. - The C-end revenue was 21.9 million RMB, growing 11.2% year-on-year, driven by an expanding job seeker base, with monthly active job seekers reaching 57.6 million, a 23.6% increase [2][8]. Financial Performance - The Non-GAAP operating profit margin for Q1 2025 was 36.0%, an increase of 13.0 percentage points year-on-year, with a gross margin of 83.8% [3][15]. - The company has optimized its sales, R&D, and management expense ratios, leading to significant improvements in profitability [3][15]. - Revenue growth is expected to continue in Q2 2025, with projections of 2.05 to 2.08 billion RMB, reflecting a year-on-year increase of 6.9% to 8.5% [3][16]. Future Outlook - The company anticipates continued revenue growth driven by improved cash collection rates and the gradual commercialization of AI tools [3][16]. - The adjusted profit forecasts for 2025 to 2027 are 3.35 billion RMB, 4.31 billion RMB, and 5.27 billion RMB, respectively, with year-on-year growth rates of 24%, 29%, and 22% [3][16].
BOSS直聘(BZ.O):招聘需求保持恢复态势,运营效率持续提升
Guoxin Securities· 2025-05-27 11:52
Investment Rating - The investment rating for the company is "Outperform the Market" [6][18]. Core Insights - The company has shown a recovery in recruitment demand, with a 13% year-on-year revenue growth and an adjusted profit margin of 40% in Q1 2025. Revenue reached 1.92 billion RMB, exceeding the guidance provided in the previous quarter [1][8]. - The company maintains its full-year Non-GAAP operating profit expectation at 3 billion RMB, anticipating continued improvement in profit margins in subsequent quarters [1][8]. - The company is focusing on AI technology applications, enhancing user engagement and operational efficiency, which is expected to drive future growth [3][16]. Financial Performance - In Q1 2025, the company's revenue was 1.92 billion RMB, a 13% increase year-on-year and a 19% increase quarter-on-quarter. The cash billings amounted to 2.18 billion RMB, reflecting a 6% year-on-year growth [1][8]. - The adjusted net profit for Q1 2025 was 760 million RMB, representing a 44% year-on-year increase, with an adjusted net profit margin of 40% [1][8]. - The company expects total revenue for Q2 2025 to be between 2.05 billion and 2.08 billion RMB, indicating a year-on-year increase of 6.9% to 8.5% [2][15]. User Engagement and Market Demand - The platform's Monthly Active Users (MAU) reached 57.6 million in Q1 2025, a 24% year-on-year increase [2][15]. - The number of paid enterprises increased by 12% year-on-year, totaling 6.4 million, with an Average Revenue Per User (ARPU) of 1,170 RMB, up 6% year-on-year [2][15]. - The recruitment demand in the service industry, particularly in blue-collar jobs, has shown signs of recovery since April 2025 [2][15]. AI Technology Application - The company is deepening the application of AI technology, with features such as AI-generated search results and AI interview robots for consumers, and improved efficiency for recruiters using AI tools [3][16]. - The number of enterprises utilizing AI recruitment services increased by approximately 30% quarter-on-quarter in Q1 2025 [3][16]. Profit Forecast - The company forecasts adjusted profits of 3.35 billion, 4.31 billion, and 5.27 billion RMB for the years 2025, 2026, and 2027, respectively, with year-on-year growth rates of 24%, 29%, and 22% [3][18]. - The projected Price-to-Earnings (PE) ratios for 2025, 2026, and 2027 are 19, 15, and 12, respectively [3][18].