Core Insights - Kanzhun reported a 13% year-over-year revenue increase to 1.92 billion yuan and a 112% rise in GAAP net income to 512 million yuan for Q1 2025 [1] - The company achieved an adjusted operating margin of 36%, up 13 percentage points from 23% in the same period last year, indicating strong operational leverage and strategic execution [3] Financial Performance - Adjusted operating income reached 690 million yuan, supported by an 8% reduction in total operating costs and a decline in share-based compensation expenses for three consecutive quarters [2] - Sales and marketing expenses were reduced by 15% year over year, contributing to improved margins [2] User Base and Market Position - The blue-collar segment contributed over 39% to revenue, with tier 3-and-below cities accounting for more than 23% of revenue, indicating a diversified user base [4] - The company has limited exposure to export-oriented enterprises, which mitigates risks from global tariff fluctuations [5] AI Integration and Productivity - Kanzhun has invested over 1 billion yuan in AI infrastructure since 2023, with AI-driven recruitment tools managing over 9 million candidate conversations during beta testing [6] - Despite the integration of AI, the competitive landscape in the human capital industry remains stable, with no significant disruptions observed [7] Future Outlook - Management projects Q2 revenue between 2.05 billion yuan and 2.08 billion yuan, reflecting a year-over-year growth of 7.0% to 8.5% [8] - The company reaffirmed its full-year non-GAAP operating profit target of 3 billion yuan and has robust cash reserves exceeding $2 billion [8]

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]

Kanzhun (BZ) Q1 2025 Earnings Call May 22, 2025 08:00 AM ET Company Participants Wenbei Wang - Head of Investor Relations & Capital MarketsYu Zhang - CFO & Executive Director Conference Call Participants Eddy Wang - AnalystTimothy Zhao - Equity Research AnalystWei Xiong - Equity Research Analyst Operator Ladies and gentlemen, thank you for standing by, and welcome to Country Unlimited First Quarter twenty twenty five Financial Results Conference Call. At this time, all participants are in a listen only mode ...

Core Insights - BOSS Zhipin reported a revenue of 1.923 billion yuan and a net profit of 512 million yuan for Q1 2025, continuing to expand its user base and improve operational efficiency [1][4] - The company focused on increasing profitability while maintaining technological investments, which contributed to its growth [1][4] Revenue Growth - Revenue for Q1 2025 increased by 12.9% year-on-year, driven by user growth and improved penetration rates [2][4] - The number of paid enterprise clients reached 6.4 million, up 12.3% year-on-year [1][2] User Demographics - Over 45% of new users in Q1 2025 were from the blue-collar segment, with blue-collar revenue contributing over 39% of total revenue [2] - Revenue from third-tier cities and below increased by 3 percentage points to over 23% year-on-year [2] Cost Management - Sales and marketing expenses decreased by 15% year-on-year, while R&D expenses fell by 9% and general and administrative expenses decreased by 2% [4][6] - The company achieved a healthy profit growth with a net profit increase of 111.9% year-on-year [4] Market Outlook - The human resources service market is expected to maintain strong momentum in the medium to long term, with a recovery in recruitment demand observed since late 2024 [5][6] - BOSS Zhipin's stock outperformed the Nasdaq China Golden Dragon Index, rising over 35% during a period when the index fell more than 20% [5][6] AI Integration - BOSS Zhipin is leveraging AI technologies to enhance user experience and operational efficiency, with AI tools being applied in various business scenarios [7][8] - The company has expanded its AI user testing scale and penetration, improving job matching accuracy and providing personalized services for job seekers [8][9] Service Enhancements - The company continues to optimize job search experiences for blue-collar workers and students, with features like "map job search" and "rapid interview scheduling" [9] - During the spring recruitment season, BOSS Zhipin provided tens of thousands of job opportunities for students, utilizing AI tools to recommend jobs and generate customized job reports [9]

Kanzhun (BZ) Q1 2025 Earnings Call May 22, 2025 08:00 AM ET Speaker0 Ladies and gentlemen, thank you for standing by, and welcome to Country Unlimited First Quarter twenty twenty five Financial Results Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. Today's conference is being recorded. At this time, I'd like to turn the conference over to Ms. Wenbei Wang, Head of Investor Relations. Please go ahead, ma ...

BEIJING, May 22, 2025 (GLOBE NEWSWIRE) -- KANZHUN LIMITED (“BOSS Zhipin” or the “Company”) (Nasdaq: BZ; HKEX: 2076), a leading online recruitment platform in China, today announced that Ms. Hongyu Liu has been appointed as an independent non-executive director of the Company and a member of the nomination committee. Ms. Hongyu Liu, aged 52, is a financial expert with over 25 years of experience in the financial services industry. Ms. Liu currently serves as a managing director at Intermediate Capital Asia P ...

BEIJING, May 22, 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 hold an annual general meeting of the Company’s shareholders (the “AGM”) at 3 p.m. Beijing time on June 27, 2025 at 21/F, GrandyVic Building, Taiyanggong Middle Road, Chaoyang District, Beijing, China for the purposes of considering and, if thought fit, passing with or without amendments, each of the proposed resolut ...

Core Insights - BOSS Zhipin reported a revenue of 1.923 billion yuan for Q1 2025, representing a year-on-year increase of 12.9%, exceeding market expectations [1] - The company achieved a net profit of 512 million yuan during the same period [1] - As of March 31, 2025, the number of paying enterprise clients reached 6.4 million, reflecting a year-on-year growth of 12.3% [1]

BEIJING, May 22, 2025 (GLOBE NEWSWIRE) -- KANZHUN LIMITED (“BOSS Zhipin” or the “Company”) (Nasdaq: BZ; HKEX: 2076), a leading online recruitment platform in China, today announced its unaudited financial results for the quarter ended March 31, 2025. First Quarter 2025 Highlights Total paid enterprise customers1 in the twelve months ended March 31, 2025 were 6.4 million, an increase of 12.3% from 5.7 million in the twelve months ended March 31, 2024.Average monthly active users2 for the first quarter of 202 ...

自4月3日美国总统特朗普正式宣布"对等关税"以来，中美之间多次互相提高关税，目前双方相互加征的关税都已在100%以上。且随着贸易摩擦的升温，中美两国 之间的角力有着进一步向其他领域扩散的风险。 值得关注的是：① 近日美国财政部长曾表示， 不排除以在美上市的中概公司强制退市，作为两国间谈判的筹码之一；② 2月21日， 白宫发布了"America First Investment Policy"备忘录中，也提及了在一定情况下限制美国资金投资于部分中国公司/资产的可能性。 虽然上述两条潜在的风险截至目前仅停留在口头阶段，美国政府尚没有进行任何实质性的动作。但历史上，中概退市威胁并非没有先例： 2020年~2022年间美国政 府就曾以HFCAA法案下，无法获得中概上市公司的审计监管权的原因，正式推进过中概在美退市。 尽管后续中美两国政府达成了协议，中概从美股全面退市并没真正发生，但仍有中移动等公司在争端期间被美政府强制退市，后有如中国石油等在争端缓解后仍 主动选择退市。 由此可见，无论是 强制中概从美股退市、抑或禁止美国资金投资中国资产，虽然最终落地的概率应当非常小，但属于存在先例、不能视而不见的"黑天鹅"风险。 海 ...