BOSS ZHIPIN(BZ)
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BOSS直聘(02076) - 2022 Q4 - 季度业绩

2023-03-20 12:30
Revenue Performance - Q4 2022 revenue was RMB 1,082.3 million (USD 156.9 million), flat compared to Q4 2021[3] - Full-year 2022 revenue was RMB 4,511.1 million (USD 654.0 million), an increase of 5.9% from RMB 4,259.1 million in 2021[3] - Q4 2022 online recruitment service revenue from enterprise customers was RMB 1,069.6 million (USD 155.1 million), down 1.1% from RMB 1,082.0 million in Q4 2021[5] - Other service revenue in Q4 2022, mainly from paid value-added services to job seekers, increased by 44.8% to RMB 12.6 million (USD 1.8 million) from RMB 8.7 million in Q4 2021[5] - Total revenue for Q4 2022 was RMB 1,082,275 thousand, a slight decrease of 0.7% compared to RMB 1,090,650 thousand in Q4 2021[17] - Total revenue for the fiscal year 2022 was RMB 4,511,062 thousand, representing a 5.9% increase from RMB 4,259,128 thousand in 2021[21] User Metrics - Q4 2022 average monthly active users reached 30.9 million, a 26.6% increase from 24.4 million in Q4 2021[3] - The number of paying enterprise customers decreased by 10.0% to 3.6 million in 2022 from 4.0 million in 2021[3] Profitability and Loss - Q4 2022 net loss was RMB 184.8 million (USD 26.8 million), compared to a net profit of RMB 233.1 million in Q4 2021[3] - Adjusted net profit for full-year 2022 was RMB 799.4 million (USD 115.9 million), a decrease of 6.2% from RMB 852.6 million in 2021[3] - The operating loss for the full year 2022 was RMB 129.5 million (USD 18.8 million), significantly reduced from RMB 1,036.3 million in 2021, marking an 87.5% decrease[10] - The net loss for Q4 2022 was RMB 184,793 thousand, compared to a net profit of RMB 233,070 thousand in Q4 2021[17] - Adjusted net profit for the fiscal year 2022 was RMB 799,449 thousand, up from RMB 688,507 thousand in 2021, indicating a growth of 16.1%[21] Expenses - In Q4 2022, total operating costs and expenses amounted to RMB 1,426.1 million (USD 206.8 million), a 69.5% increase from RMB 841.4 million in Q4 2021[6] - In 2022, R&D expenses were RMB 1,182.7 million (USD 171.5 million), a 43.9% increase from RMB 822.0 million in 2021, primarily due to increased employee-related costs[9] - Marketing expenses for the full year 2022 were RMB 2,000.9 million (USD 290.1 million), a 3.0% increase from RMB 1,942.7 million in 2021, driven by increased employee-related costs and brand advertising expenses[9] - The company experienced a significant increase in stock-based compensation expenses, which rose to RMB 244,243 thousand in Q4 2022 from RMB 115,472 thousand in Q4 2021[21] Cash and Investments - As of December 31, 2022, cash and cash equivalents, along with short-term investments, totaled RMB 13,209.9 million (USD 1,915.3 million)[8] - Cash and cash equivalents decreased to RMB 9,751,824 thousand in 2022 from RMB 11,341,758 thousand in 2021, representing a decline of 14.0%[18] - The company reported a net cash used in investing activities of RMB (725,495) thousand for Q4 2022, compared to RMB 203,889 thousand in Q4 2021[19] - The cash flow from financing activities for Q4 2022 was a net outflow of RMB (627,954) thousand, compared to a net inflow of RMB 21,419 thousand in Q4 2021[19] Future Outlook - The company expressed optimism for strong growth in 2023, driven by user growth and engagement[4] - The CFO highlighted the importance of maintaining marketing efficiency while scaling user growth amidst external challenges[5] - The company expects total revenue for Q1 2023 to be between RMB 1,250 million and RMB 1,270 million, representing a year-over-year increase of 9.8% to 11.6%[11] Company Overview - The company operates China's leading online recruitment platform "BOSS Zhipin," connecting job seekers and corporate users through a highly interactive mobile application[16] - The mobile application focuses on intelligent recommendations and creates new scenarios in the online recruitment process, enhancing recruitment efficiency[16] - The company benefits from a large and diverse user base, which has formed a strong network effect to drive rapid expansion[16] Balance Sheet Highlights - Total assets increased to RMB 14,826,867 thousand in 2022, up from RMB 13,641,623 thousand in 2021, reflecting a growth of 8.7%[18] - The company’s total liabilities increased to RMB 3,186,104 thousand in 2022 from RMB 2,967,567 thousand in 2021, marking a rise of 7.4%[18] - The company’s total equity increased to RMB 11,640,763 thousand in 2022, up from RMB 10,674,056 thousand in 2021, reflecting a growth of 9.0%[18] Shareholder Actions - The company approved a new share repurchase plan in March 2023, allowing for the repurchase of up to USD 150 million in shares over the next 12 months[11]
BOSS ZHIPIN(BZ) - 2023 Q1 - Quarterly Report

2023-03-19 16:00
Exhibit 99.1 KANZHUN LIMITED Announces Fourth Quarter and Full Year 2022 Financial Results BEIJING, March 20, 2023 (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 fourth quarter and full year ended December 31, 2022. Fourth Quarter and Full Year 2022 Highlights ● Revenues for the fourth quarter of 2022 were RMB1,082.3 million (US$156.9 million), on par with th ...
BOSS ZHIPIN(BZ) - 2022 Q4 - Annual Report

2022-12-15 16:00
TABLE OF CONTENTS Exhibit 99.1 KANZHUN LIMITED Supplemental and Updated Disclosures KANZHUN LIMITED (the "Company" or "we") has published a listing document (the "Listing Document") with the Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange"), subsequent to its initial application filed with the Hong Kong Stock Exchange on October 10, 2022, in connection with a proposed dual primary listing (the "Listing") of its Class A ordinary shares on the Main Board of the Hong Kong Stock Exchange by w ...
BOSS ZHIPIN(BZ) - 2022 Q3 - Earnings Call Transcript

2022-11-30 09:08
Kanzhun Limited (NASDAQ:BZ) Q3 2022 Earnings Conference Call November 29, 2022 7:00 AM ET Company Participants Wen Bei Wang - Head of Investor Relations Jonathan Zhao - Chairman & Chief Executive Officer Phil Yu Zhang - Chief Financial Officer Conference Call Participants Eddy Wang - Morgan Stanley Timothy Zhao - Goldman Sachs Wei Xiong - UBS Natalie Wu - Haitong International Operator Ladies and gentlemen, thank you for standing by. And welcome to the Kanzhun Limited Third Quarter 2022 Financial Results C ...
BOSS ZHIPIN(BZ) - 2022 Q3 - Quarterly Report

2022-10-10 16:00
TABLE OF CONTENTS Exhibit 99.1 KANZHUN LIMITED Supplemental and Updated Disclosures KANZHUN LIMITED (the "Company" or "we") has filed an application (the "Listing Application") with the Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange") in connection with a proposed dual primary listing (the "Listing") of its Class A ordinary shares on the Main Board of the Hong Kong Stock Exchange. The Listing Application contains new and supplemental descriptions of certain aspects of the Company's busin ...
BOSS ZHIPIN(BZ) - 2022 Q2 - Earnings Call Transcript

2022-08-23 18:24
Kanzhun Limited (NASDAQ:BZ) Q2 2022 Earnings Conference Call August 23, 2022 8:00 AM ET Company Participants Wen Bei Wang - Head, IR Jonathan Peng Zhao - Chairman & CEO Phil Yu Zhang - CFO & Director Conference Call Participants Timothy Zhao - Goldman Sachs Group Wei Xiong - UBS Natalie Wu - Haitong International Research Limited Tian Hou - TH Data Capital Operator Ladies and gentlemen, thank you for standing by, and welcome to the Kanzhun Limited Second Quarter 2022 Financial Results Conference Call. [Oper ...
BOSS ZHIPIN(BZ) - 2022 Q1 - Earnings Call Transcript

2022-06-24 14:57
Kanzhun Limited (NASDAQ:BZ) Q1 2022 Earnings Conference Call June 24, 2022 8:00 AM ET Company Participants Wen Bei Wang - Head of Investor Relations Jonathan Peng Zhao - Founder, Chairman and CEO Phil Yu Zhang - Director and Chief Financial Officer Conference Call Participants Eddy Wang - Morgan Stanley Timothy Zhao - Goldman Sachs Wei Xiong - UBS Operator Ladies and gentlemen, thank you for standing by, and welcome to the Kanzhun Limited First Quarter 2022 Financial Results Conference Call. At this time, a ...
BOSS ZHIPIN(BZ) - 2022 Q2 - Quarterly Report

2022-06-23 16:00
Exhibit 99.1 KANZHUN LIMITED Announces First Quarter 2022 Financial Results BEIJING, June 24, 2022 (GLOBE NEWSWIRE) – KANZHUN LIMITED ("BOSS Zhipin" or the "Company") (Nasdaq: BZ), a leading online recruitment platform in China, today announced its unaudited financial results for the first quarter ended March 31, 2022. First Quarter 2022 Highlights ● Revenues for the first quarter of 2022 were RMB1,137.9 million (US$179.5 million), an increase of 44.3% from RMB788.5 million for the same quarter of 2021. ● C ...
BOSS ZHIPIN(BZ) - 2021 Q4 - Annual Report

2022-04-27 16:00
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, 2021. 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 ...
BOSS ZHIPIN(BZ) - 2021 Q4 - Earnings Call Transcript

2022-03-23 23:11
Kanzhun Limited (NASDAQ:BZ) Q4 2021 Earnings Conference Call March 23, 2022 8:00 AM ET Company Participants Wendy Wang - Head of Investor Relations Jonathan Peng Zhao - Founder, Chairman and CEO Phil Yu Zhang - Director and Chief Financial Officer Conference Call Participants Eddy Wang - Morgan Stanley Timothy Zhao - Goldman Sachs Wei Xiong - UBS Operator Ladies and gentlemen, thank you for standing by, and welcome to Kanzhun Limited Fourth Quarter and Full Year 2021 Financial Results Conference Call. [Oper ...