BEIJING, April 29, 2024 (GLOBE NEWSWIRE) -- KANZHUN LIMITED ("BOSS Zhipin" or the "Company") (NASDAQ:BZ, HKEX: 2076))), a leading online recruitment platform in China, today announced it filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the Securities and Exchange Commission on April 29, 2024, U.S. Eastern Time. The annual report can be accessed on the Company's investor relations website at https://ir.zhipin.com. The Company will provide a hard copy of its annual report ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITI ...

证券研究报告 | 2024年03月29日 BOSS 直聘（BZ.O）—2023 年第四季度业绩点评 买入 蓝领市场需求持续强劲，2024 新财年展望积极 核心观点 公司研究·海外公司财报点评 2023Q4收入增速超管理层指引。2023年，公司实现收入59.52亿元/+31.9%； 社会服务·专业服务 归母净利润10.99亿元/+925.0%，优于彭博一致预期(9.66亿元)；经调整净 证券分析师：曾光 证券分析师：钟潇 利润21.56亿元/+169.7%。2023Q4，公司实现收入15.80亿元/+46.0%，超 0755-82150809 0755-82132098 zengguang@guosen.com.cn zhongxiao@guosen.com.cn 过前期管理层指引（39.6-43.3%）；经调整归母净利润6.28亿元/+957.5%。 S0980511040003 S0980513100003 2023年，线上招聘业务收入58.89亿元/+32.0%，年内蓝领新增用户已与白 证券分析师：张鲁 证券分析师：张伦可 010-88005377 0755-81982651 领相当，占比提升至34%/+ ...

海外公司报告 | 公司动态研究 BOSS 直聘（BZ） 证券研究报告 2024年03月 29日 投资评级 23 年业绩表现亮眼，24Q1-2 基本面有望持续走强 6个月评级 买入（维持评级） 事件：boss 直聘发布 23 年业绩，全年业绩表现积极，Q4现金收款创新 作者 高超预期。（1）23年：公司23 年实现营收59.5亿元/yoy+31.9%，现金收 何富丽 分析师 SAC执业证书编号：S1110521120003 款66.9亿元/yoy+44.9%，经调整净利21.6亿元/yoy+169.7%。2023 年不含 hefuli@tfzq.com 理财等收益的经调整营业利润为16.4 亿元/yoy+191%、对应经调整营业利 孔蓉 分析师 SAC执业证书编号：S1110521020002 润率27.5%、同比提升15pct。（2）单Q4：公司23Q4 实现营收15.8 亿元 kongrong@tfzq.com /yoy+46.0%、环比持平，现金收款17.8 亿元/yoy+61.2%、环比增长9%，经 调整净利6.3亿元/yoy+956.5%。 相关报告 23 全年新增完善用户超额完成，蓝领及低线和小微企 ...

Investment Rating - The report maintains a "Buy" rating for BOSS Zhipin (BZ.O) [1][2][7] Core Views - The company reported a 46% year-on-year revenue growth in Q4 2023, with an adjusted profit margin of 40%. The revenue for Q4 2023 was 1.58 billion yuan, exceeding the guidance of 40%-43% year-on-year growth provided in the previous quarter [1][4] - The demand from B-end enterprises continues to recover, with a 44% year-on-year increase in the number of paying enterprises. The platform's monthly active users (MAU) reached 41.2 million, a 33% year-on-year increase [1][6] - The company expects a positive outlook for recruitment demand in 2024, with significant growth in job postings and online positions since the Spring Festival [6][7] Summary by Sections Financial Performance - Revenue for Q4 2023 was 1.58 billion yuan, up 46% year-on-year, while cash billings increased by 61% to 1.78 billion yuan. The gross margin for the quarter was 83%, with an adjusted net profit of 630 million yuan, reflecting a 34 percentage point increase year-on-year [1][4] - The adjusted net profit margin reached 40%, with sales expenses controlled at 430 million yuan, resulting in a sales expense ratio of 27%, down 36 percentage points year-on-year [4][6] Market Demand and Growth - The report highlights a strong recovery in B-end recruitment demand, with large enterprises showing a 24% year-on-year increase in daily online job postings since the Spring Festival. The company anticipates a revenue growth of 28.3% to 30.7% year-on-year for Q4 2023 [6][7] - The company plans to repurchase up to 200 million USD of shares within the next 12 months, indicating a commitment to shareholder returns [2][7] Profit Forecast - The adjusted net profit forecasts for 2024-2026 are 2.67 billion, 3.58 billion, and 4.39 billion yuan, respectively, with a compound annual growth rate (CAGR) of 28% expected over this period [2][7]

[Table_Page] 季报点评|媒体Ⅱ 证券研究报告 [【Table_T广itle] 发传媒&海外】BOSS 直聘 [公Tab司le_评Inve级st] 买入 当前价格 20.79美元 （BZ） 合理价值 25.94美元 前次评级 买入 营收与利润增长稳健，蓝领与下沉市场用户占比提升 报告日期 2024-03-13 [ 核Tab 心le_S 观umm 点ary ：] 相[Ta对ble市_P场icQ表uot现e] 30% ⚫ 事件：BOSS直聘发布23Q4业绩，23Q4，公司实现营收15.80亿元 20% （人民币，下同），YoY/QoQ+46.0%/-1.6%，超过此前指引上限（15.5 10% 亿元）。其中，招聘服务业务营收15.67亿元，YoY/QoQ+46.5%/-1.6%； 0% 其他服务营收1351万元，YoY/QoQ+6.9%/-10.7%。23Q4，calculated -10% cash billings达17.80亿元，YoY/QoQ+61.2%/+8.8%。根据公司指引， -20% 24Q1，公司预计将实现营收 16.4~16.7 亿元，YoY+28.3%~30.7%。 -30% 利润 ...

[Table_Info1] [Table_Date] BOSS直聘(BZ.O) 专业服务/社会服务 发布时间：2024-03-14 [Table_Title] [Table_Invest] 证券研究报告 / 公司点评报告 买入 收入超预期，春节后招聘需求回暖释放积极信号 上次评级： 买入 --- BOSS直聘2023Q4业绩点评 事件： [股Ta票ble数_M据ark et] 2024/03/14 [2T0a2b3lQe_4S公um司m实ary现] 营收15.80亿元/+46%（超出此前指引上限），经计算的 6个月目标价（美元） 现金收款17.80亿元/+61.2%，Non-GAAP归母净利润6.29亿元/+957%。 收盘价（美元） 20.69 12个月股价区间（美元） 12.57~21.32 收入指引：公司预计2024Q1收入16.4~16.7亿元/+28.3%~30.7%。 总市值（亿美元） 89 点评： 总股本（亿股） 9 A股（亿股） 0 B端需求回暖现金收款及GAAP收入增长强劲，付费用户数量持续增长 B股/H股/N股（亿股） 0/0/9 再创新高。分业务看，网络招聘服务 2023Q4 实现营收 ...

证券研究报告 | 年报点评报告 2024年03月15日 BOSS 直聘（BZ.O） 营收、收款超预期，企业招聘需求向好 业绩概况：FY2023 公司营收同增 31.9%至 59.5 亿元，经调整净利润同增 169.7%至 买入（维持） 21.6 亿元。FY2023 实现营收 59.5 亿元（yoy+31.9%），经调整净利润 21.6 亿元 股票信息 （yoy+169.7%），其中2023Q4营收15.8亿元（yoy+46.0%），经调整净利润6.29亿元 （yoy+956.5%），实现淡季不淡，全年业绩超预期。此外，公司预计2024Q1营收16.4~16.7 行业 人力资源服务 亿元，同比增长28.3%~30.7%，预计春招旺季业绩有望进一步增长。 前次评级 买入 付费企业数量再创新高，主营业务收入增长延续快速修复趋势。2023年公司经营持续恢复， 1收盘价(美元) 19.60 2023Q4/FY2023月均MAU 4120万（yoy+33.3%）/4230万（yoy+47.4%），截至2023年 总市值(百万美元) 8853.99 末付费企业客户增至520万（同比+44.4%，环比+6.1%），再创历史新 ...

Shares of Kanzhun (BZ -1.99%) climbed 13.2% this week, according to data provided by S&P Global Market Intelligence, after the China-based online recruitment platform released strong quarterly results and a new $200 million share repurchase authorization.To be sure, shares rose nearly 19% on Tuesday alone after Kanzhun's report hit the wires, but have since given back some of that single-day gain along with the broader market.How Kanzhun easily beat expectations this quarterKanzhun's cutting-edge recruitmen ...

Investment Rating - The report maintains a "Buy" rating for BOSS Zhipin (BZ) [1] Core Insights - The recruitment demand is showing marginal improvement, with blue-collar jobs continuing to contribute to growth [1] - In Q4 2023, the company achieved revenue of 1.58 billion yuan, a year-on-year increase of 46%, exceeding previous guidance [5] - The adjusted net profit for Q4 2023 reached 630 million yuan, surpassing market expectations [5] - The company’s cash flow reached 1.78 billion yuan in Q4 2023, reflecting a year-on-year growth of 61.2% [5] - The number of paid enterprises reached 5.2 million, a year-on-year increase of 44.4% [5] - The user structure is gradually optimizing, with blue-collar users contributing over 34% to revenue [5] - The gross margin for Q4 2023 was 82.6%, with a Non-GAAP net profit margin of 39.8% [5] Financial Forecasts - Revenue forecasts for 2024 and 2025 have been adjusted to 7.6 billion yuan and 9.6 billion yuan, respectively, with year-on-year growth rates of 28% and 26% [6] - Non-GAAP net profit forecasts for 2024 and 2025 have been adjusted to 2.7 billion yuan and 3.4 billion yuan, with growth rates of 24% and 27% [6] - The expected Non-GAAP PE ratios for 2024, 2025, and 2026 are 23x, 18x, and 15x, respectively [6] Market Data - The market capitalization of BOSS Zhipin is approximately 8.72 billion USD [3] - The stock price closed at 19.60 USD, with a 52-week range of 12.57 to 21.32 USD [6]